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Canadian Solar Inc (CSIQ.MW)

CSIQ.MW on Midwest Stock Exchange

16.47USD
17 Aug 2017
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Latest Key Developments (Source: Significant Developments)

Canadian Solar sees Q1 2017 revenue $570 mln to $590 mln
Tuesday, 21 Mar 2017 07:00am EDT 

Canadian Solar Inc : Canadian Solar reports fourth quarter and full year 2016 results . Q4 loss per share $0.23 . Sees Q1 2017 revenue $570 million to $590 million . Sees FY 2017 revenue $4.0 billion to $4.2 billion . Q4 revenue $668.4 million versus I/B/E/S view $690.3 million . Q4 earnings per share view $0.32 -- Thomson Reuters I/B/E/S . Q4 adjusted non-GAAP earnings per share $0.24 excluding items . Canadian Solar Inc- inventories at end of Q4 of 2016 were $295.4 million, compared to $313.9 million at end of q3 of 2016 . Canadian Solar Inc qtrly total solar module shipments set a record high at 1,612 MW, of which 1,581 MW were recognized in revenue . Canadian Solar - company expects that its total worldwide internal module capacity will reach approximately 7.0 gw by June 30, 2017 . Canadian Solar Inc - qtrly total solar module shipments 1,612 MW compared to 1,161 MW . Canadian Solar Inc- for Q1 of 2017, company expects total solar module shipments to be in range of approximately 1.15 gw to 1.2 gw . Canadian solar inc - for full year 2017, company expects total module shipments to be in range of approximately 6.5 GW to 7.0 GW . Canadian Solar Inc- gross margin for q1 is expected to be between 13% and 15% . Canadian Solar- has not imported solar products from china to U.S., or using Taiwanese solar cells in solar products shipped into U.S. Since Feb 2017 . Fy2017 revenue view $3.29 billion -- Thomson Reuters I/B/E/S.  Full Article

Canadian Solar signs PPAs with Solar Energy Corporation of India
Tuesday, 14 Mar 2017 07:00am EDT 

Canadian Solar Inc : Canadian Solar Inc - secured power purchase agreements for an aggregate 80 mwac of solar power projects with Solar Energy Corporation Of India . Canadian Solar Inc - projects are scheduled to commence operations by late 2017 and will generate clean solar electricity for seci over next 25 years .Canadian Solar Inc - projects are scheduled to commence operations by late 2017 and will generate Clean Solar Electricity for seci over next 25 years.  Full Article

Landmark Infrastructure announces solar land acquisition from Recurrent Energy
Thursday, 13 Oct 2016 08:00am EDT 

Canadian Solar Inc : Landmark Infrastructure Partners announces $73 million utility-scale solar land acquisition from Canadian solar subsidiary Recurrent Energy; first direct third-party portfolio acquisition . Landmark Infrastructure Partners - transaction is expected to be immediately accretive to partnership's distributable cash flow .Landmark Infrastructure Partners - management expects to recommend that board increase partnership's Q3 2016 cash distribution.  Full Article

Canadian Solar secures JPY9.6 Billion syndicated loan with Sumitomo Mitsui
Thursday, 13 Oct 2016 07:00am EDT 

Canadian Solar Inc : Canadian Solar Inc - subsidiary entered into a syndicated 3- year loan facility for JPY9.6 billion (US$95 million) with Sumitomo Mitsui Banking Corporation .Canadian Solar Inc- loan proceeds will be used to finance solar project development in Japan and general corporate working capital requirements.  Full Article

Canadian Solar signs distribution agreement with DM solar in Mexico
Tuesday, 6 Sep 2016 07:00am EDT 

Canadian Solar Inc :Canadian Solar signs distribution agreement with DM Solar in Mexico.  Full Article

Moody's changes Canadian Solar's outlook to negative from stable
Tuesday, 30 Aug 2016 02:17am EDT 

Moody's/: Changes canadian solar's rating outlook to negative . Changed outlook on canadian solar to negative from stable reflecting co's increased financial leverage,tightened liquidity resulting from slower than expected monetization of its solar power project assets .Affirmed canadian solar's ba2 corporate family rating.  Full Article

Canadian Solar Inc Q2 earnings per share $0.68
Thursday, 18 Aug 2016 08:36am EDT 

Canadian Solar Inc : Inventories at end of Q2 of 2016 were $309.7 million, compared to $413.2 million at end of Q1 . Canadian solar reports second quarter 2016 results . Q2 earnings per share $0.68 . Sees FY 2016 revenue $3.0 billion to $3.2 billion . Q2 revenue $805.9 million versus i/b/e/s view $717.5 million . Q2 earnings per share view $0.37 -- Thomson Reuters I/B/E/S . Sees Q3 2016 revenue $660 million to $710 million . Total solar module shipments recognized in revenue were 1,290 mw, compared to 1,172 mw recognized in revenue in q1 of 2016 . Canadian Solar Inc says for Q3 of 2016, company expects total solar module shipments to be in range of approximately 1.2 GW TO 1.3 GW . Canadian solar inc says total revenue for Q3 of 2016 is expected to be in range of $660 million to $710 million . Canadian solar inc says 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 . Revenue guidance for Q3 of 2016 does not include sale of project assets . As of august 1, 2016, canadian solar had executed interconnection agreements for 376.2 MWP of projects . Q3 revenue view $788.2 million -- Thomson Reuters I/B/E/S . Expects that, by april 1, 2017 it will have executed interconnection agreements for an additional 131.4 mwp of projects . FY2016 revenue view $3.16 billion -- Thomson Reuters I/B/E/S.  Full Article

Canadian Solar signs PPA for 63mwp solar power project in Mexico
Monday, 8 Aug 2016 07:00am EDT 

Canadian Solar : Canadian solar signs PPA for 63mwp solar power project in Mexico . Project was awarded in April 2016 under Mexico's first long term electricity auction and it is expected to generate electricity by September 2018 .Electricity generated will be sold to cfe under PPA for a 15-year period and related clean energy certificates for a 20-year period..  Full Article

Canadian Solar sells solar power projects in China
Wednesday, 6 Jul 2016 07:30am EDT 

Canadian Solar Inc : Canadian Solar sells solar power projects in China . Canadian Solar Inc says deal valued at approximately RMB218.5 million ( US$32.8 million ) . Create Technology & Science Co., Ltd. has agreed to purchase Canadian Solar's operating solar power projects in Funing County .Deal to be effective after create technology & science gets approval from its board and from state-owned assets supervisory body.  Full Article

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

BRIEF-Canadian Solar Q2 earnings per share $0.63

* Q2 revenue $692.4 million versus I/B/E/S view $628.5 million