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Canadian Solar Inc (CSIQ.O)

CSIQ.O on Nasdaq

16.63USD
18 Aug 2017
Change (% chg)

$0.23 (+1.40%)
Prev Close
$16.40
Open
$16.46
Day's High
$16.80
Day's Low
$16.43
Volume
1,007,123
Avg. Vol
1,291,891
52-wk High
$18.12
52-wk Low
$10.25

Latest Key Developments (Source: Significant Developments)

Canadian Solar Q2 earnings per share $0.63
Monday, 14 Aug 2017 06:23am EDT 

Aug 14 (Reuters) - Canadian Solar Inc :Canadian Solar reports second quarter 2017 results.Q2 non-GAAP loss per share $0.15 excluding items.Q2 earnings per share $0.63.Q2 revenue $692.4 million versus I/B/E/S view $628.5 million.Q2 earnings per share view $-0.00 -- Thomson Reuters I/B/E/S.Sees Q3 2017 sales $805 million to $825 million.Gross margin for Q3 of 2017 is expected to be between 15% and 17%​.Says inventories as of June 30, 2017 were $283.2 million, compared to $274.5 million as of March 31, 2017.Qtrly ‍total solar module shipments were 1,745 mw, compared to 1,480 mw in Q1 of 2017​.Reiterates its expectation that total module shipments in 2017 will be in range of 6.0 gw to 6.5 gw​.Continues to expect it will connect approximately 1 gw to 1.2 gw of new solar projects globally in 2017​.In Japan, co on track to launch a JREIT listing in near future, with an initial portfolio of 65 mwp of solar power plants​.Q3 revenue view $1.04 billion -- Thomson Reuters I/B/E/S.Expects to complete ramp up at Baotou, China in Q3 2017 and reach 1,100 mw of annual internal ingot casting capacity​.For Q3 of 2017, company expects total solar module shipments to be in range of approximately 1.65 gw to 1.70 gw​.Expects that its total worldwide module manufacturing capacity will exceed 7.19 gw by December 31, 2017​.  Full Article

EDF Energies Nouvelles Partners with Canadian Solar for a 92.5 MWp Photovoltaic Project in Brazil
Thursday, 10 Aug 2017 07:00am EDT 

Aug 10 (Reuters) - Canadian Solar Inc ::Canadian Solar Inc - ‍a partnership in 92.5 mwp pirapora iii photovoltaic project in Brazil​.Canadian Solar Inc - ‍deal through sale of 80% interest in project by Canadian Solar to EDF En Do Brasil, Edf Energies Nouvelles' local subsidiary​.Canadian Solar Inc - ‍Pirapora III project has started construction and is expected to reach commercial operation in Q4 of 2017​.  Full Article

EDF Energies Nouvelles, Canadian Solar in Brazil power project deal
Thursday, 10 Aug 2017 03:18am EDT 

Aug 10 (Reuters) - EDF Energies Nouvelles /Canadian Solar ::* EDF Energies Nouvelles and Canadian Solar Inc announce partnership on 92.5 MWp Pirapora III photovoltaic project in Brazil.* Sale of 80% interest in the project by Canadian Solar to EDF EN do Brasil, EDF Energies Nouvelles’ local subsidiary.* Pirapora III project has started construction and is expected to reach commercial operation in Q4 2017 .* Canadian Solar is supplying modules for the project from its 380 MWp modules factory established in Brazil to support the local market .* EDF EN do Brasil will manage both the construction and operations phases of the project.* Project will generate 188 GWh per year and contribute towards the country’s goal of obtaining 23% of its energy from non-hydro renewable sources by 2030 .  Full Article

Canadian Solar's, EDF energies Nouvelles' Pirapora I project secures solar financing from the Brazilian Development Bank
Monday, 7 Aug 2017 07:00am EDT 

Aug 7 (Reuters) - Canadian Solar Inc :Canadian Solar's and EDF energies Nouvelles' Pirapora I project secures the first solar financing from the Brazilian Development Bank.Canadian Solar says 191.5 MWP Pirapora I project secured a project financing facility amounting to US$163 million from Brazilian Development Bank.Canadian Solar -Photovoltaic project located in Minas Gerais is currently under construction, is expected to reach commercial operation in Q3 of 2017​.  Full Article

Canadian Solar says Edf Energies Nouvelles to acquire co's Pirapora II solar energy project in Brazil
Monday, 19 Jun 2017 07:00am EDT 

June 19 (Reuters) - Canadian Solar Inc :Canadian Solar -acquisition of 80% interest in co's pirapora ii solar energy project in brazil by edf energies nouvelles' local subsidiary, edf en do brasil.Canadian Solar Inc - 115 mwp pirapora ii project will start construction in fall of 2017 and is expected to reach commercial operation in 2018.  Full Article

Edf Energies Nouvelles buying Brazil's Pirapora II solar project
Monday, 19 Jun 2017 02:25am EDT 

June 19 (Reuters) - EDF Energies Nouvelles ::* EDF Energies Nouvelles is announcing the acquisition of Pirapora II, a 115 MWp photovoltaic project .* EDF Energies Nouvelles has acquired an 80% interest in the Pirapora II photovoltaic project from Canadian Solar Inc., which is retaining a 20% stake and manufacturing the photovoltaic panels at its local plant .* The 115 MWp Pirapora II project holds a 20-year Power Purchase Agreement (PPA), and is due to be commissioned in the first half of 2018 .* The project is located in the south-east region of the country, close to Pirapora I (191 MWp), another PV solar project currently under construction, which is also owned by EDF Energies Nouvelles together with Canadian Solar Inc .  Full Article

Canadian Solar Q1 non-GAAP adjusted loss per share $0.10
Tuesday, 6 Jun 2017 06:53am EDT 

June 6 (Reuters) - Canadian Solar Inc ::Canadian Solar reports first quarter 2017 results.Q1 earnings per share view $0.04 -- Thomson Reuters I/B/E/S.Q1 loss per share $0.23.Sees Q2 2017 revenue $615 million to $635 million.Q1 revenue $677 million versus I/B/E/S view $609.9 million.Qtrly total solar module shipments were 1,480 MW, compared to 1,612 MW in Q4 of 2016.Says inventories as of March 31, 2017 were $274.5 million, compared to $295.4 million as of December 31, 2016.Qtrly gross margin was 13.5%, compared to 13.9% (excluding AD/CVD true-up provision of $44.1 million) in Q4 of 2016.Expects that its total worldwide module manufacturing capacity will exceed 7.0 GW by December 31, 2017.Sees Q2 total solar module shipments to be in range of approximately 1,530 MW to 1,580 MW.Says gross margin for Q2 is expected to be between 13% and 15%.Expects that its total worldwide module manufacturing capacity will exceed 7.0 GW by December 31, 2017.Company's solar cell manufacturing capacity, as of March 31, 2017, was 3.77 GW, and is expected to reach 4.49 GW by June 30, 2017.Continues to expect it will connect approximately 1 GW to 1.2 GW of new solar projects globally in 2017.Total module shipments in 2017 are now expected to be in range of 6.0 to 6.5 GW.Company is facing an "overwhelming demand" for its solar modules in China market at this moment.Continues to expect its cost of production will decrease throughout year.  Full Article

Canadian Solar supplies Dymond Modules for DEWA Project, Dubai
Tuesday, 30 May 2017 07:00am EDT 

May 30 (Reuters) - Canadian Solar Inc :Canadian solar - has been selected as sole module supplier to provide 268 mw of double-glass dymond modules for first phase of dewa project in dubai.First phase of dewa project will use more than 800,000 double-glass modules upon its completion.Production and delivery of modules has started this month.  Full Article

Canadian Solar announces investment in eNow solar-based power management for commercial transportation
Thursday, 11 May 2017 07:00am EDT 

May 11 (Reuters) - Canadian Solar Inc : :Canadian Solar announces investment in eNow solar-based power management for commercial transportation.Canadian Solar Inc - acquired a minority equity interest in enow.Canadian Solar Inc says co is now a 10pct shareholder of enow.  Full Article

Canadian Solar secures project financing from Prudential Capital group and U.S. Bank
Tuesday, 25 Apr 2017 07:00am EDT 

April 25 (Reuters) - Canadian Solar Inc :Canadian Solar secures project financing from Prudential Capital Group and U.S. Bank.Canadian Solar Inc - has secured financing for its 92 MWP is-42 solar power project near Fayetteville, North Carolina.Canadian Solar - Prudential Capital group will provide a $97 million debt facility, including tax equity bridge loan, term loan, revolving loan to project.Canadian Solar Inc - USBCDC, a division of U.S. Bank will make a tax equity investment in project under a separate agreement.Canadian Solar Inc - 92 MWP project is currently under construction and is expected to reach commercial operation in Q3 of 2017.  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