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Canadian Solar Inc (CSIQ.O)

CSIQ.O on Nasdaq

11.07USD
2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

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

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

BRIEF-Canadian Solar Q3 earnings per share $0.27

* Q3 earnings per share view $0.27 -- Thomson Reuters I/B/E/S