Key Developments: Canadian Solar Inc (CSIQ.MW)

CSIQ.MW on Midwest Stock Exchange

25.94USD
31 Jul 2014
Price Change (% chg)

$-0.29 (-1.11%)
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Latest Key Developments (Source: Significant Developments)

Electrovaya Inc partners with Canadian Solar Inc for micro-grid energy storage project
Monday, 17 Mar 2014 08:04am EDT 

Electrovaya Inc:Says it will partner with Canadian Solar Inc.Electrovaya plans to provide a 200 kWh energy storage system which will feature its Lithium Ion SuperPolymer2.0 technology.Project is being funded by the Ontario Smart Grid Fund, through the Ministry of Energy.  Full Article

Canadian Solar Inc announces opening of Microgrid Testing Centre
Friday, 14 Mar 2014 07:00am EDT 

Canadian Solar Inc:Opening of Canadian Solar Microgrid Testing Centre.Centre will focus on micro-grid solution testing, and system solution design and smart grid assessment services.  Full Article

Canadian Solar Inc issues Q1 2014 revenue guidance below analysts' estimates; issues FY 2014 revenue guidance in line with analysts' estimates-conference call
Wednesday, 5 Mar 2014 06:59am EST 

Canadian Solar Inc:Expects Q1 2014 revenue to be in the range of $415 mln to $430 mln.Expects FY 2014 revenue to be in the range of $2.7 bln to $2.9 bln.Q1 2014 $465 mln and FY 2014 revenue of $2.84 bln - Thomson Reuters I/B/E/S.  Full Article

Canadian Solar Inc receives C$ 52 mln non-recourse construction loan from Natixis
Wednesday, 26 Feb 2014 07:00am EST 

Canadian Solar Inc:Says that Natixis, New York Branch/Norddeutsche Landesbank Girozentrale, New York Branch/Cooperative Centrale Raiffeisen-Boerenleenbank B.A./Rabobank Nederland, New York Branch (Natixis) will provide the company with up to C$ 52 Million, in non-recourse, construction plus term financing.The loan facility has a maturity term of construction plus 10 years and will be used to finance the previously announced 10MW (ac) utility-scale solar power project Glenarm, which is being acquired by DIF Infra 3 RE Canada (Ltd).  Full Article

Canadian Solar inc to supply 18MW of solar modules to Hitachi in Japan
Monday, 24 Feb 2014 08:00am EST 

Canadian Solar Inc:Awarded a module supply agreement to provide 18MW of photovoltaic modules to Hitachi, Ltd. for a solar power project in Japan.Project is owned by Eurus Energy Holdings Corporation with Hitachi as its EPC contractor.  Full Article

Canadian Solar Inc announces closing of 3,194,700 common shares and US$150 mln convertible senior notes offerings
Tuesday, 18 Feb 2014 04:30pm EST 

Canadian Solar Inc:Says the closing of its offering of 3,194,700 common shares of the company, with no par value, including 416,700 common shares pursuant to the underwriters' full exercise of the over-allotment.Says also the closing of the concurrent offering of US$150 mln in aggregate principal amount of 4.25 pct convertible senior notes due 2019.Says it received aggregate net proceeds of about US$255.7 mln from these offerings, after deducting discounts and commissions but before offering expenses.Says Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, and Nomura Securities International, Inc. acted as joint book-running managers for the Common Shares Offering.Says Roth Capital Partners and Northland Securities, Inc. acted as co-managers for the Common Shares Offering.  Full Article

Canadian Solar Inc prices concurrent offerings of 2,778,000 common shares and $130 mln convertible senior notes
Wednesday, 12 Feb 2014 07:02am EST 

Canadian Solar Inc:Prices the offering of 2,778,000 common shares of the Company, with no par value at $36 per common share.Says it also priced the concurrent offering of $130 mln in aggregate principal amount of 4.25 pct convertible senior notes due 2019.Says these offerings are expected to close on Feb. 18.Says the common shares offering was upsized from 2,600,000 common shares and the notes offering was upsized from an aggregate principal amount of $100 mln.Says the notes will be convertible into common shares at an initial conversion rate of 22.2222 common shares per $1,000 principal amount of the notes.Intends to use the net proceeds from these offerings for general corporate purposes, which may include expanding manufacturing capacity, the development of solar power projects and working capital.Says Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, and Nomura Securities International, Inc. are acting as joint book-running managers for the common shares offering.Says Roth Capital Partners and Northland Securities, Inc. are acting as co-managers for the common shares offering.  Full Article

Canadian Solar Inc gives FY 2013 revenue guidance above analysts' estimates
Tuesday, 11 Feb 2014 06:00am EST 

Canadian Solar Inc:Expects Q4 2013 revenue to be in the range of $510 to $520 million.Q4 2013 revenue of $456 mln - Thomson Reuters I/B/E/S.  Full Article

Canadian Solar Inc announces the concurrent offerings of 2,600,000 common shares and $100 mln convertible senior notes
Tuesday, 11 Feb 2014 06:00am EST 

Canadian Solar Inc:Commences offering of 2,600,000 common shares of the company, with no par value (plus up to additional 390,000 Common Shares pursuant to an over-allotment option).Says concurrent offering of up to $100 mln in aggregate principal amount of convertible senior notes due 2019 (plus up to an additional $15 mln aggregate principal amount of notes pursuant to an option).Says Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC and Nomura Securities International, Inc. will act as joint book-running managers for the Common Shares Offering.  Full Article

Canadian Solar Inc supplies solar modules to Delhi International Airport in India
Wednesday, 29 Jan 2014 07:00am EST 

Canadian Solar Inc:Says it has been selected as the sole photovoltaic module supplier for a 2.1MW solar power plant at the Delhi International Airport in India.  Full Article

Canadian Solar says projects to offset U.S. duties impact

- Canadian Solar Inc said it expected its more profitable business of building solar power plants to help blunt the impact of a fall in margins in the United States due to the imposition of duties on solar products made in China and Taiwan.

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