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Canadian Solar Inc (CSIQ.OQ)

CSIQ.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Canadian Solar To Supply 164 MW Of Modules To Project In Spain
Wednesday, 19 Sep 2018 07:00am EDT 

Sept 19 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR TO SUPPLY 164 MW OF MODULES TO A PROJECT IN SPAIN.CANADIAN SOLAR - MODULE SHIPMENTS WILL COMMENCE IN SEPTEMBER 2018 AND PROJECT IS EXPECTED TO REACH COMMERCIAL OPERATION IN 2019.  Full Article

Update On Preliminary, Non-Binding "Going Private" Proposal Letter Received By The Co From Its CEO Shawn Qu
Thursday, 6 Sep 2018 07:00am EDT 

Sept 6 (Reuters) - Canadian Solar Inc ::UPDATE ON PRELIMINARY, NON-BINDING "GOING PRIVATE" PROPOSAL LETTER RECEIVED BY THE COMPANY FROM ITS CHAIRMAN, PRESIDENT AND CHIEF EXECUTIVE OFFICER, DR. SHAWN QU.CANADIAN SOLAR - SPECIAL COMMITTEE FORMED BY BOARD AND ITS FINANCIAL AND LEGAL ADVISORS CONTINUE TO ASSESS "GOING-PRIVATE" TRANSACTION.BOARD HAVE NOT MADE ANY DECISION WITH RESPECT TO COMPANY'S RESPONSE TO PROPOSED TRANSACTION.SPECIAL COMMITTEE HAS GIVEN CEO QU AND POTENTIAL EQUITY PARTNERS UNTIL END OF SEPT TO COMPLETE THEIR DUE DILIGENCE.CANADIAN SOLAR - ENTERED CONFIDENTIALITY, STANDSTILL AGREEMENTS WITH DR. QU, POTENTIAL EQUITY PARTNERS, PROVIDED ACCESS TO INFORMATION ABOUT CO.  Full Article

Lion Point Master LP Reports 6 Pct Stake In Canadian Solar - SEC Filing
Wednesday, 29 Aug 2018 02:59pm EDT 

Aug 29 (Reuters) - Canadian Solar Inc ::LION POINT MASTER LP REPORTS 6.0 PERCENT STAKE IN CANADIAN SOLAR INC AS OF AUGUST 28 - SEC FILING.LION POINT CAPITAL - PURCHASED CANADIAN SOLAR INC SHARES BASED ON BELIEF THAT SHARES, WHEN PURCHASED, WERE "UNDERVALUED".LION POINT CAPITAL SAYS CONTINUES TO BELIEVE CANADIAN SOLAR SHARES ARE SIGNIFICANTLY UNDERVALUED AND TRADE AT STEEP DISCOUNT TO INTRINSIC VALUE.LION POINT CAPITAL- INTENDS TO CONTINUE TO ENGAGE IN DISCUSSIONS WITH CANADIAN SOLAR'S MANAGEMENT,BOARD REGARDING LION POINT’S VIEWS ON CO, OPPORTUNITIES TO ENHANCE SHAREHOLDER VALUE.  Full Article

Canadian Solar Q2 Earnings Per Share $0.26
Tuesday, 14 Aug 2018 06:00am EDT 

Aug 14 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR REPORTS SECOND QUARTER 2018 RESULTS.Q2 EARNINGS PER SHARE $0.26.SEES FY 2018 REVENUE $4.0 BILLION TO $4.2 BILLION.SEES Q3 2018 REVENUE $790 MILLION TO $840 MILLION.Q2 REVENUE $650.6 MILLION VERSUS I/B/E/S VIEW $683.4 MILLION.Q2 EARNINGS PER SHARE VIEW $0.27 -- THOMSON REUTERS I/B/E/S.INVENTORIES AT END OF Q2 OF 2018 WERE $336.5 MILLION, COMPARED TO $414.1 MILLION AT END OF Q1 OF 2018.QTRLY SOLAR MODULE SHIPMENTS WERE 1,700 MW COMPARED TO MODULE SHIPMENT OF 1,374 MW IN Q1 OF 2018.GROSS MARGIN FOR Q3 IS EXPECTED TO BE BETWEEN 20.0% AND 23.0%.FOR Q3 OF 2018, COMPANY EXPECTS TOTAL SOLAR MODULE SHIPMENTS TO BE IN RANGE OF 1.5 GW TO 1.6 GW.IS UPDATING ITS FULL YEAR 2018 TOTAL MODULE SHIPMENT GUIDANCE TO BE IN RANGE OF 6.0 GW TO 6.2 GW.CANADIAN SOLAR QTRLY UTILITY-SCALE SOLAR POWER PLANTS IN OPERATION AS OF JULY 31, WAS ABOUT 1.4 GWP WITH TOTAL RESALE VALUE OF ABOUT $1.6 BILLION.CANADIAN SOLAR - ON TRACK TO MONETIZE ADDITIONAL SOLAR POWER ASSETS, INCLUDING 3 SOLAR POWER PLANTS IN U.S. TOTALING 394 MWP.REVISION OF ANNUAL GUIDANCE REFLECTS EXPECTED REDUCTION OF SHIPMENT VOLUMES TO CHINESE MARKET IN H2.CANADIAN SOLAR - CONSIDERS EFFECTIVE SOLAR MODULE PRODUCTION CAPACITY BEING 7,550 MW AS OF JUNE 30, 2018. EXPECTS IT TO BE 8,370 MW ON DEC 31, 2018.  Full Article

Canadian Solar Expands Solar Project Development To South Korea
Monday, 14 May 2018 08:00am EDT 

May 14 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR EXPANDS SOLAR PROJECT DEVELOPMENT TO SOUTH KOREA.CANADIAN SOLAR INC - ACQUIRED EXCLUSIVE RIGHTS TO DEVELOP AN 8 MWP SOLAR PV PROJECT IN GANGWON PROVINCE, SOUTH KOREA.CANADIAN SOLAR INC - CONSTRUCTION OF THE PROJECT WILL START IN EARLY 2019.  Full Article

Canadian Solar Partners With Global Investment Holdings To Develop And Provide Services For Up To 300 MWp Solar Projects In EMEA
Friday, 27 Apr 2018 07:00am EDT 

April 27 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR PARTNERS WITH GLOBAL INVESTMENT HOLDINGS TO DEVELOP AND PROVIDE SERVICES FOR UP TO 300 MWP SOLAR PROJECTS IN EMEA.CANADIAN SOLAR - AGREES WITH GLOBAL INVESTMENT HOLDINGS TO DEVELOP & OPERATE A SOLAR POWER PROJECTS PIPELINE WITH TOTAL CAPACITY OF UP TO 300 MWP.CANADIAN SOLAR - CO WILL PROVIDE ENGINEERING, PROCUREMENT AND CONSTRUCTION AND OPERATIONS AND MAINTENANCE SERVICES TO THE SOLAR POWER PROJECTS.  Full Article

Canadian Solar Acquires A Solar Power Project In Argentina
Thursday, 29 Mar 2018 08:00am EDT 

March 29 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR ACQUIRES A 97.6 MWP SOLAR POWER PROJECT IN ARGENTINA.CANADIAN SOLAR INC - ANNOUNCED ACQUISITION OF A 97.6 MWP SOLAR PHOTOVOLTAIC (PV) PROJECT IN CAFAYATE, SALTA PROVINCE, ARGENTINA.CANADIAN SOLAR INC - CANADIAN SOLAR PLANS TO START CONSTRUCTION ON PLANT IN JULY 2018.CANADIAN SOLAR INC - ONCE CONNECTED TO GRID BY Q2 OF 2019, PLANT WILL GENERATE APPROXIMATELY 235,777 MWH OF ELECTRICITY PER YEAR.  Full Article

Canadian Solar Reports Q4 Earnings Per Share $1.01
Monday, 19 Mar 2018 06:18am EDT 

March 19 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR REPORTS FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 EARNINGS PER SHARE $1.01.SEES FY 2018 REVENUE $4.4 BILLION TO $4.6 BILLION.Q4 REVENUE $1.11 BILLION VERSUS I/B/E/S VIEW $1.14 BILLION.Q4 EARNINGS PER SHARE VIEW $0.96 -- THOMSON REUTERS I/B/E/S.SEES Q1 2018 REVENUE $1.37 BILLION TO $1.4 BILLION.QTRLY ‍TOTAL SOLAR MODULE SHIPMENTS WERE 1,831 MW, COMPARED TO 1,870 MW IN Q3 OF 2017​.‍FOR Q1 , EXPECTS TOTAL SOLAR MODULE SHIPMENTS TO BE IN RANGE OF APPROXIMATELY 1.30 GW TO 1.35 GW​.‍FOR FULL YEAR 2018, CO EXPECTS TOTAL MODULE SHIPMENTS TO BE IN RANGE OF 6.6 GW TO 7.1 GW​.‍GROSS MARGIN FOR Q1 IS EXPECTED TO BE BETWEEN 10.0% AND 12.0%​.‍EXPECT APPROXIMATELY 53% OF TOTAL REVENUE FOR 2018 TO COME FROM SOLAR MODULE AND COMPONENTS BUSINESS​.‍COMPANY EXPECTS ITS COST OF PRODUCTION WILL DECREASE THROUGHOUT YEAR​.‍EXPECTS ITS COST OF PRODUCTION "WILL DECREASE" THROUGHOUT YEAR​.‍MOVING INTO 2018, HAVE SEEN PRICE ADJUSTMENT THROUGHOUT SOLAR VALUE CHAIN​.CANADIAN SOLAR - CO'S PORTFOLIO OF SOLAR POWER PLANTS IN OPERATION WAS ABOUT 1.2 GWP AS OF FEB 28, 2018​.‍CERTAIN OF PRODUCTION PLANTS HAVE RECENTLY EXPERIENCED UNDER-UTILIZATION DUE TO CHANGING TARIFF AND MARKET CONDITIONS​.Q1 REVENUE VIEW $1.13 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 REVENUE VIEW $3.98 BILLION -- THOMSON REUTERS I/B/E/S.CANADIAN SOLAR - ‍SOME MODULE & CELL PRODUCTION PLANTS IN CANADA & SOUTH EAST ASIA ARE UNDER-UTILIZED DUE TO SECTION 201 TARIFF DECISIONS BY U.S. GOVERNMENT..  Full Article

Canadian Solar's Unit Finalizes Sale Of Interests In Three Solar Photovoltaic Projects Totaling 235 MWac/309 MWp
Tuesday, 13 Mar 2018 07:00am EDT 

March 13 (Reuters) - Korea Electric Power Corp <015760.KS>::CANADIAN SOLAR - UNIT RECURRENT ENERGY FINALIZED SALE OF INTERESTS IN THREE SOLAR PHOTOVOLTAIC PROJECTS TOTALING 235 MWAC/309 MWP.CANADIAN SOLAR- KOREA ELECTRIC POWER CORP ACQUIRED INTERESTS IN ASTORIA, ASTORIA 2, BARREN RIDGE PROJECTS.CANADIAN SOLAR - KEPCO PARTNERED WITH CORPORATE PARTNERSHIP FUND, KOREAN PRIVATE EQUITY FUND ALSO KNOWN AS COPA FUND, TO MAKE DEAL.  Full Article

Canadian Solar Secures JPY16 Billion Credit Facility From Shinsei Bank
Thursday, 1 Mar 2018 07:00am EST 

March 1 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR SECURES JPY16 BILLION CREDIT FACILITY FROM SHINSEI BANK.CANADIAN SOLAR - FACILITY HAS 18.5-YEAR TENOR, DEBT REPAYMENT FLEXIBILITY IN 2019 TO ENABLE POTENTIAL SALE OF SOLAR POWER PROJECT.CANADIAN SOLAR - ‍NON-RECOURSE PROJECT FINANCE FACILITY FOR 53.4 MWP OITA HIJIMACHI SOLAR POWER PROJECT​.  Full Article

Australia states power ahead with renewables after national policy collapses

MELBOURNE Australia's Victoria state on Tuesday agreed to back six new wind and solar farms to help meet a target of getting 25 percent of its power from renewables by 2020, just weeks after a year-long attempt at crafting a national energy policy collapsed.