Edition:
India

Canadian Solar Inc (CSIQ.OQ)

CSIQ.OQ on NASDAQ Stock Exchange Global Select Market

21.31USD
13 Sep 2019
Change (% chg)

$0.15 (+0.71%)
Prev Close
$21.16
Open
$21.38
Day's High
$21.48
Day's Low
$21.11
Volume
129,453
Avg. Vol
207,719
52-wk High
$25.87
52-wk Low
$12.78

Latest Key Developments (Source: Significant Developments)

Photon Energy Sells Its 25% Stake In Gunnedah Solar Farm
Saturday, 31 Aug 2019 

Sept 2 (Reuters) - Photon Energy NV ::SAID ON SATURDAY THAT COMPANY HAS SOLD ITS 25% STAKE IN AUSTRALIAN GUNNEDAH SOLAR FARM TO CANADIAN SOLAR .THE TRANSACTION IS EXPECTED TO BE COMPLETED LATEST IN Q4 2019.  Full Article

Canadian Solar Q1 Loss Per Share $0.29
Thursday, 30 May 2019 

May 30 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR REPORTS FIRST QUARTER 2019 RESULTS.QTRLY NET REVENUE WAS $484.7 MILLION, COMPARED TO $901.0 MILLION IN Q4 OF 2018.Q1 TOTAL SOLAR MODULE SHIPMENTS WERE 1,575 MW, COMPARED TO 1,951 MW IN Q4 OF 2018.Q1 LOSS PER SHARE $0.29.QTRLY GROSS MARGIN WAS 22.2%, COMPARED 28.3% IN Q4 2018." EXPECT OUR PROFITABILITY WILL IMPROVE AS WE MOVE THROUGH 2019".FOR Q2 OF 2019, COMPANY EXPECTS TOTAL SOLAR MODULE SHIPMENTS TO BE IN RANGE OF APPROXIMATELY 1.95 GW TO 2.05 GW.TOTAL REVENUE FOR Q2 OF 2019 IS EXPECTED TO BE IN RANGE OF $970 MILLION TO $1.01 BILLION.GROSS MARGIN FOR Q2 IS EXPECTED TO BE BETWEEN 13% AND 15%.SEES Q2 2019 REVENUE $970 MILLION TO $1.01 BILLION."VIEW Q1 2019 AS A ONE-TIME BUMP IN OUR RECORD OF CONSISTENTLY DELIVERING PROFITABLE RESULTS IN BOTH UP AND DOWN MARKETS".Q1 EARNINGS PER SHARE VIEW $-0.49, REVENUE VIEW $469.6 MILLION -- REFINITIV IBES DATA.Q2 REVENUE VIEW $864.5 MILLION -- REFINITIV IBES DATA.  Full Article

Canadian Solar Updates Guidance For 4Q 2018
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR ANNOUNCES DATE OF ITS Q4/FY 2018 EARNINGS CONFERENCE CALL, UPDATES ITS GUIDANCE FOR 4Q 2018, AND PROVIDES A PRELIMINARY ASSESSMENT OF POTENTIAL IMPACT OF PG&E'S BANKRUPTCY ON ITS PROJECT PIPELINE.CANADIAN SOLAR INC - NOW EXPECTS SHIPMENTS FOR Q4 OF 2018 TO BE IN RANGE OF 1.90 GW TO 1.95 GW VERSUS PREVIOUS GUIDANCE OF 1.67 GW TO 1.72 GW.CANADIAN SOLAR INC - EXPECTS NET REVENUE FOR Q4 OF 2018 TO BE IN RANGE OF $850 MILLION TO $900 MILLION VERSUS PREVIOUS GUIDANCE OF $690 MILLION TO $800 MILLION.CANADIAN SOLAR INC - HAVE POTENTIAL EXPOSURE WITH RESPECT TO 60 MWAC OF POWER PURCHASE AGREEMENTS WITH PG&E FOR A PORTION OF GASKELL WEST 2 PROJECT.CANADIAN SOLAR INC - HAS POTENTIAL EXPOSURE WITH RESPECT TO INTERCONNECTION AGREEMENTS WITH PG&E.  Full Article

Canadian Solar Delivered 2.6 GW Of High Efficiency Anti-Letid Perc Solar Modules Worldwide
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR DELIVERED 2.6 GW OF HIGH EFFICIENCY ANTI-LETID PERC SOLAR MODULES WORLDWIDE.CANADIAN SOLAR INC SAYS "GOING INTO 2019, WE WILL SOON CONVERT ALL OF OUR CELL CAPACITIES INTO PERC TECHNOLOGY".  Full Article

Canadian Solar Closes $69.0 Mln Financing With Bancomext And Banco Sabadell
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR CLOSES US$69.0 MILLION FINANCING WITH BANCOMEXT AND BANCO SABADELL FOR SOLAR PROJECT IN MEXICO.CANADIAN SOLAR - ACHIEVED FINANCIAL CLOSE ON $69.0 MILLION NON-RECOURSE PROJECT FINANCING FOR 67.8 MWP AGUASCALIENTES SOLAR POWER PROJECT IN MEXICO.CANADIAN SOLAR - FINANCING PACKAGE CONSISTS OF A US$53.2 MILLION LONG-TERM LOAN, A US$5.6 MILLION LETTER OF CREDIT FACILITY, AND A US$10.2 MILLION VAT LOAN.CANADIAN SOLAR - PROCEEDS FROM LONG-TERM LOAN WILL BE USED TO REPAY A US$45 MILLION CONSTRUCTION LOAN THAT WAS PREVIOUSLY PROVIDED BY NATIXIS.  Full Article

Morgan Stanley Reports 5 Pct Passive Stake In Canadian Solar As Of Nov 21-SEC Filing
Friday, 30 Nov 2018 

Nov 29 (Reuters) - Canadian Solar Inc ::MORGAN STANLEY REPORTS 5.0 PERCENT PASSIVE STAKE IN CANADIAN SOLAR INC AS OF NOVEMBER 21 - SEC FILING.  Full Article

Canadian Solar Expands Credit Facility With Sumitomo Mitsui Banking Corporation To JPY 10.7 Bln
Thursday, 27 Sep 2018 

Sept 27 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR EXPANDS CREDIT FACILITY WITH SUMITOMO MITSUI BANKING CORPORATION TO JPY 10.7 BILLION.CANADIAN SOLAR INC - UNIT RENEWED AND EXTENDED ITS CREDIT FACILITY TO JPY 10.7 BILLION.CANADIAN SOLAR INC - NEW SUMITOMO MITSUI BANKING CORPORATION CREDIT FACILITY EXTENDS 2019 DEBT MATURITY TO 2022.CANADIAN SOLAR INC - PROCEEDS FROM LONG-TERM DEBT WILL FURTHER ENHANCE CO'S FLEXIBILITY TO DEVELOP SOLAR PIPELINE IN JAPAN.  Full Article

Canadian Solar Says Completed Sale Of Three Additional Solar Power Plants For $103.1 Million
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - CANADIAN SOLAR INC :CANADIAN SOLAR INC - COMPLETED SALE OF THREE ADDITIONAL SOLAR POWER PLANTS TOTALING 30.4 MWP FOR $103.1 MILLION TO CANADIAN SOLAR INFRASTRUCTURE FUND.  Full Article

Lion Point Capital Reports About 12.3 Pct Stake in Canadian Solar
Thursday, 30 Aug 2018 

Aug 29 (Reuters) - Lion Point Capital:LION POINT CAPITAL SAYS HAS ECONOMIC EXPOSURE TO ABOUT 12.3 PERCENT OF CANADIAN SOLAR'S OUTSTANDING SHARES, TAKING CERTAIN SWAP AGREEMENTS INTO ACCOUNT.  Full Article

Canadian Solar Reports Q1 Earnings Per Share $0.72
Wednesday, 16 May 2018 

May 16 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR REPORTS FIRST QUARTER 2018 RESULTS.Q1 EARNINGS PER SHARE $0.72.SEES Q2 2018 REVENUE $690 MILLION TO $730 MILLION.Q1 REVENUE $1.42 BILLION VERSUS I/B/E/S VIEW $1.33 BILLION.Q1 EARNINGS PER SHARE VIEW $0.47 -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL SOLAR MODULE SHIPMENTS WERE 1,374 MW, COMPARED TO 1,831 MW IN Q4 OF 2017.INVENTORIES AT END OF Q1 OF 2018 WERE $414.1 MILLION, COMPARED TO $346.1 MILLION AT END OF Q4 OF 2017.FOR Q2 OF 2018, COMPANY EXPECTS TOTAL SOLAR MODULE SHIPMENTS TO BE IN RANGE OF APPROXIMATELY 1.50 GW TO 1.60 GW.CANADIAN SOLAR - UTILITY-SCALE SOLAR POWER PLANTS IN OPERATION PORTFOLIO AT APRIL 30 WAS ABOUT 948 MWP, ESTIMATED TOTAL RESALE VALUE OF ABOUT $1.1 BILLION.SAYS GROSS MARGIN FOR Q2 IS EXPECTED TO BE BETWEEN 20.0% AND 22.0%..UNDER BUSINESS OUTLOOK, EXPECT SHIFT IN GLOBAL DEMAND TO DEVELOPING MARKETS TO OFFSET CHINA, INDIA AND U.S..CANADIAN SOLAR SAYS WORKING TO SECURE APPROVAL FOR SALE OF 3 U.S. SOLAR POWER PLANTS TOTALING 399 MWP.UNDER BUSINESS OUTLOOK, ALSO EXPECT DEMAND IN OTHER MARKETS TO IMPROVE, INCLUDING EUROPE, AFRICA, ARGENTINA AND MEXICO.  Full Article

Photo

PG&E negotiates price cuts on five solar, battery contracts

PG&E Corp on Thursday told a U.S. bankruptcy judge that it had reached agreements to cut prices by at least 10% on five power contracts, according to court papers.