Canadian Solar Inc (CSIQ.MW) Key Developments | Reuters.com
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Canadian Solar Inc (CSIQ.MW)

CSIQ.MW on Midwest Stock Exchange

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18 Mar 2016
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Latest Key Developments (Source: Significant Developments)

Canadian Solar announces that a Tornado damaged its funing cell factory in China
Friday, 24 Jun 2016 06:00am EDT 

Canadian Solar Inc : Canadian Solar announces that a tornado damaged its funing cell factory in china . Tornado occurred in afternoon of june 23, 2016 and caused property damage and personal injuries . Company expects to recover substantially all of its financial losses through insurance . Funing solar cell facility is currently shut down while company assesses extent of damage . Says expects to fulfill its module delivery commitments and maintain its annual module shipment guidance . Company's other wafer, cell and module manufacturing facilities in china and abroad are not affected . "we are assessing situation but do not expect it to have a material impact on our business" . Plans to cover solar cell needs by increasing output from suzhou solar cell factory,ramping up production at new cell factory in thailand .Plans to cover its solar cell needs also by purchasing additional solar cells from its long term third-party suppliers.  Full Article

Canadian Solar Q1 earnings per share $0.39
Wednesday, 11 May 2016 06:15am EDT 

Canadian Solar Inc : Q1 total solar module shipments were 1,198 mw, of which 1,172 mw were recognized in revenue, compared to 1,398 mw in q4 . Raises revenue guidance for 2016 reflecting expectation to sell more solar power plants in h2 year . For q2 of 2016, company expects total module shipments to be in range of approximately 1,200 mw to 1,250 mw . Recorded a gain on change in fair value of derivatives of $2.7 million in q1 of 2016 . Foreign exchange gain in q1 of 2016 was $8.5 million . Company's wafer manufacturing capacity at its luoyang plant, henan province , is expected to reach 1.0 gw by june of 2016 . For full year 2016, company maintains its guidance for total module shipments to be in range of approximately 5.4 gw to 5.5 gw . Inventories at end of q1 of 2016 were $413.2 million , compared to $334.5 million at end of q4 . Company's 700 mw cell manufacturing plant, located in south east asia , is expected to be commissioned in second half of 2016 . Plan to sell some assets in second half of this year . At end of q1 of 2016, company booked approximately $1.6 billion of solar power plant assets under non-current assets . For full year 2016, company maintains its guidance for total module shipments . Solar power plant assets in oecd countries are expected to reach 1.1 gw by end of 2016 . Canadian solar reports first quarter 2016 results and raises annual revenue guidance . Q1 earnings per share $0.39.  Full Article

Canadian Solar Inc gives Q1, FY 2016 revenue guidance
Thursday, 10 Mar 2016 07:11am EST 

Canadian Solar Inc:Expects Q1 2016 total revenue to be in the range of $645 million to $695 million.Expects FY 2016 total revenue to be in the range of $2.9 billion to $3.1 billion.  Full Article

Canadian Solar Secures US$300 million Credit Facility with Ping An Bank
Thursday, 18 Feb 2016 07:00am EST 

Canadian Solar Inc:secured a credit facility pursuant to which Ping An Bank will provide up to $300 million to Canadian Solar's wholly owned subsidiary Recurrent Energy LLC to support its solar power project development, construction and operation activities.The credit facility has a three-year maturity.  Full Article

Canadian Solar Inc says unit secured supply contracts for Southgate Solar facility
Thursday, 4 Feb 2016 07:00am EST 

Canadian Solar Inc:Unit secured contracts to supply 50 mw ac of maxpower cs6x solar panels and 30 medium voltage power stations for southgate facility.Power plant is expected to produce approximately 86,500 mwh of electricity per year.  Full Article

Canadian Solar Inc to supply 60 MWp of PV Modules and power stations for Windsor Solar Project to Samsung and Connor, Clark & Lunn
Friday, 15 Jan 2016 07:00am EST 

Canadian Solar Inc:To supply 60 mwp of pv modules and power stations for Windsor solar project to samsung and connor, clark & lunn.Says power plant is expected to produce approximately 86,500 mwh of electricity per year.  Full Article

Canadian Solar Inc announces at-the-market offering of common shares
Monday, 4 Jan 2016 09:05am EST 

Canadian Solar Inc:Has filed a prospectus supplement to sell up to an aggregate of US$100.0 million of its common shares through an at-the-market equity offering program.Intends to use the net proceeds from the sales of its common shares for general corporate purposes, which may include solar power project development and working capital.  Full Article

Canadian Solar Inc subsidiary Recurrent Energy Secures Debt Financing for 200 MW Garland Solar Power Project
Friday, 18 Dec 2015 08:30am EST 

Canadian Solar Inc:Announced that its wholly owned subsidiary, Recurrent Energy, has closed on a combined construction and term debt facility, with a syndicate of five banks, for the 200 MW AC Garland solar power project in California.  Full Article

Canadian Solar Inc completes sale of illumination solar power plant to DIF
Tuesday, 15 Dec 2015 07:00am EST 

Canadian Solar Inc:Announced the sale of the 10 MW AC (14 MW DC) Illumination LP solar power plant to an affiliate of DIF Infrastructure III.  Full Article

Canadian Solar secures 12.0 billion yen credit facility from Deutsche Bank
Tuesday, 8 Dec 2015 07:00am EST 

Canadian Solar Inc:Says it has signed a financing agreement pursuant to which Deutsche Bank AG, Tokyo Branch has agreed to provide a 12.0 billion yen ($97.2 million) senior non-recourse project finance credit facility to Canadian Solar for the construction of the Company's Kumamoto Mashiki solar power plant in Japan.  Full Article