India, May 14 -- Canadian Solar Inc. (CSIQ) reported Thursday narrower net loss in its first quarter, while loss per share widened from last year with higher share count, amid weak revenues. Further, the firm announced the appointment of Colin Parkin as Chief Executive Officer, effective May 14.
Parkin, who previously served as President of Canadian Solar, succeeds Shawn Qu, the Company's founder.
Qu, who founded Canadian Solar 25 years ago, will now transition from Chairman and Chief Executive Officer to the roles of Executive Chairman and Chief Technology Officer.
In pre-market activity on the Nasdaq, the shares were losing around 6.2 percent, trading at $18.80, after closing Wednesday's regular trading 3.3 percent higher.
In the firs...