November 21, 2016 / 5:47 PM / a year ago

BUZZ-Canadian Solar Inc: Down on revenue miss, forecast cut

** Solar panel maker’s shares fall as much as 8.63 pct to $10.69; lowest in nearly two weeks

** Company’s Q3 revenue misses expectations for the first time in 8 quarters

** Lower revenue driven by softer global demand and lower avg selling price as well as disruption caused by the Hanjin Shipping Co Ltd bankruptcy - Barclays analysts

** Company cuts total module shipments forecast for 2016 to about 5.073 GW-5.173 GW from 5.4 GW-5.5 GW

** More than 3.5 mln shares traded, 2.1x 30-day moving avg

** Up to Friday’s close, stock had fallen nearly 60 pct YTD

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