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Canadian Solar Inc (CSIQ.O)

CSIQ.O on Nasdaq

15.78USD
23 Jun 2017
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$0.71 (+4.71%)
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Latest Key Developments (Source: Significant Developments)

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

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

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