The company is notorious for extremely conservative guidance, leaving Wall Street analysts to project just how much it will beat its own projections by and then make their estimates accordingly.
In 2010, the authority loosened those requirements following guidance from the IRS that a state's governor could determine whether a proposed project was replacing a damaged business.
The company now sees Q2 solar module shipments of 100 MW to 110 MW, down from previous guidance of 120 MW to 130 MW. China Sunergy said the reduction reflects delays in the approval of project loans to some customers in Europe.