Key Developments: Canadian Solar Inc (CSIQ.MW)

CSIQ.MW on Midwest Stock Exchange

33.87USD
20 May 2015
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Latest Key Developments (Source: Significant Developments)

Canadian Solar Inc gives Q2 2015 revenue outlook below analysts' estimates
Thursday, 7 May 2015 06:39am EDT 

Canadian Solar Inc:Expects Q2 2015 total revenue to be in the range of $570 million to $620 million.Q2 2015 revenue of $676 million - Thomson Reuters I/B/E/S.  Full Article

Canadian Solar Inc signs loan agreement with China Minsheng Bank
Thursday, 7 May 2015 05:00am EDT 

Canadian Solar Inc:Signed a $250 million loan agreement with China Minsheng Bank.The loan facility has a three-year maturity and will be used to partially finance the acquisition of Recurrent Energy LLC and the construction of the utility-scale solar projects in USA.  Full Article

Canadian Solar completes the acquisition of Recurrent Energy from Sharp Corp
Tuesday, 31 Mar 2015 07:00am EDT 

Canadian Solar Inc:Completes the acquisition of Recurrent Energy, LLC from Sharp Corp.Transaction was supported by Export Development Canada (EDC)'s issuance of Performance Security Guarantee of up to $75 mln to backstop letters of credit issued against project development obligations by Recurrent Energy.Credit Suisse will provide Recurrent Energy with a US$150 mln, one year senior secured bridge.  Full Article

Canadian Solar Inc completes sale of GoldLight Solar Power Plant to DIF
Monday, 30 Mar 2015 07:00am EDT 

Canadian Solar Inc:Announces sale of 10 MW AC GoldLight (GoldLight) solar power plant to an affiliate of DIF Infrastructure III (DIF).Says solar power plant is valued at over C$68 mln and uses about 46,800 of Canadian Solar's CSX6-300|305|310P panels.  Full Article

Canadian Solar Inc gives Q1 2015 revenue guidance in line with analysts' estimates; gives FY 2015 revenue guidance below analysts' estimates
Thursday, 5 Mar 2015 06:01am EST 

Canadian Solar Inc:Expects Q1 2015 total revenue to be in the range of $725 mln to $775 mln.Expects FY 2015 total revenue to be in the range of $2.8 bln to $3.0 bln.Q1 2015 revenue of $734 mln - Thomson Reuters I/B/E/S.FY 2015 revenue of $3.4 bln - Thomson Reuters I/B/E/S.  Full Article

Canadian Solar Inc acquires solar power projects totaling 46 MW in United Kingdom
Tuesday, 17 Feb 2015 07:00am EST 

Canadian Solar Inc:Has acquired six solar power projects totaling 46 MW in United Kingdom.Four projects totaling 40.5 MW DC are under construction, and are expected to be connected to the grid in March 2015.An additional two projects totaling 5.5 MW DC are expected to start construction before end of Feb., and are expected to be connected to grid in Q2 of 2015.  Full Article

Canadian Solar Inc to acquire Recurrent Energy from Sharp Corporation for $265 million
Monday, 2 Feb 2015 11:44pm EST 

Canadian Solar Inc:Announced that it has entered into a definitive agreement with Sharp Corporation to acquire Recurrent Energy, LLC, a North American solar energy developer, for about $265 million.Total consideration for the acquisition of Recurrent is about $265 million in cash.The transaction is expected to close prior to the end of the first quarter of 2015.  Full Article

Sharp announces stake transfer to subsidiary of Canadian Solar
Monday, 2 Feb 2015 11:30pm EST 

Sharp Corp:To transfer 100 pct stake in sub-subsidiary Recurrent Energy, LLC, subsidiary of subsidiary Sharp US Holding Inc, to Canadian Solar Energy Acquisition Co., wholly owned subsidiary of Canadian Solar Inc., in March, for $265 mln.  Full Article

Canadian Solar completes sale of Glenarm Solar Power Plant
Thursday, 22 Jan 2015 07:00am EST 

Canadian Solar Inc:Says the sale of the 10 MW AC Glenarm solar power plant to an affiliate of DIF Infrastructure III.This solar power plant is valued at over C$60 million ($49 million) and utilizes Canadian Solar's CS6X photovoltaic (PV) modules.The Glenarm plant will sell electricity pursuant to a 20-year Ontario Power Authority feed-in-tariff contract.The project reached commercial operation in Nov. 2014.The closing of this sale represents the first of four solar projects (Glenarm, Illumination, Beamlight, and GoldLight) that will be acquired by DIF.  Full Article

Canadian Solar completes sale of SparkleLight Solar Power Plant to BluEarth
Tuesday, 6 Jan 2015 07:00am EST 

Canadian Solar Inc:Says its wholly owned subsidiary, Canadian Solar Solutions Inc., completed the sale of SparkleLight, a 10 megawatt AC solar power plant to a subsidiary of BluEarth Renewables Inc.Facility is valued at about C$66 mln (US$57 mln) and uses Canadian Solar's CS6X-300/305P modules made in Canada.  Full Article

BUZZ-Canadian Solar Inc: Plans to bundle, spin off some power plants

** Solar company's shares up 6.6 pct at $32.16; touches near-4 month high of $32.94

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