China Sunergy Co Ltd. (CSUN) reported second-quarter adjusted profit of 3 cents per share, compared to the Zacks Consensus Estimate for a 4-cents loss.
The maker of solar cells said revenue slipped 37.2% to $70.1 million as average selling price dipped 57.3% to $1.44 per watt.
Meanwhile, the company continues to expect full-year shipments of 150MW to 200MW.
The full-year Zacks Consensus Estimate is currently pegged at a loss of 36 cents, which has worsened by a penny over the past week.
CSUN, a Zacks #3 Rank (“Hold”) stock, is trading on higher-than-usual volume of about 1.5 million, against the average daily volume of about 834,000.
“CSUN” Free Stock Analysis: Buy? Sell? Hold?
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