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Canadian Solar Inc (CSIQ.OQ)

CSIQ.OQ on NASDAQ Stock Exchange Global Select Market

22.74USD
23 Aug 2019
Change (% chg)

$-1.03 (-4.33%)
Prev Close
$23.77
Open
$23.48
Day's High
$23.71
Day's Low
$22.63
Volume
191,582
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215,137
52-wk High
$25.87
52-wk Low
$12.78

Latest Key Developments (Source: Significant Developments)

Canadian Solar Q2 NON-GAAP Earnings Per Share $0.77
Thursday, 15 Aug 2019 

Aug 15 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR REPORTS SECOND QUARTER 2019 RESULTS.Q2 NON-GAAP EARNINGS PER SHARE $0.77.Q2 GAAP EARNINGS PER SHARE $1.04.SEES Q3 REVENUE $780 MILLION TO $810 MILLION.Q2 REVENUE $1.036 BILLION VERSUS REFINITIV IBES ESTIMATE OF $990.3 MILLION.Q2 EARNINGS PER SHARE ESTIMATE $0.30 -- REFINITIV IBES DATA.SEES FY 2019 REVENUE $3.5 BILLION TO $3.8 BILLION.TOTAL SOLAR MODULE SHIPMENTS IN Q2 OF 2019 WERE 2,143 MW, COMPARED TO 1,575 MW IN Q1 OF 2019.FOR 2019, NOW RAISES GUIDANCE FOR TOTAL MODULE SHIPMENTS TO ABOUT 8.4 GW TO 8.5 GW.FOR Q3 OF 2019, COMPANY EXPECTS TOTAL SOLAR MODULE SHIPMENTS TO BE IN RANGE OF 2.2 GW TO 2.3 GW.FY2019 REVENUE VIEW $3.69 BILLION -- REFINITIV IBES DATA.  Full Article

Photon Energy Sells Its 25% Stake In Australian Suntop 1 Project
Thursday, 1 Aug 2019 

August 1 (Reuters) - Photon Energy NV ::SAID ON WEDNESDAY that it HAS SOLD ITS 25% STAKE IN SPV SUNTOP SOLAR FARM TO CANADIAN SOLAR INC. .SAID SUNTOP SOLAR FARM HOLDS ALL PROJECT RIGHTS AND HAS OBTAINED DEVELOPMENT APPROVAL FOR THE 189 MWP PV POWER PLANT PROJECT IN SUNTOP, AUSTRALIA.SAID THE TRANSACTION IS EXPECTED TO BE CLOSED AT THE END OF Q3 2019.  Full Article

Canadian Solar To Sell Its 80 Pct Interest In 482.6 MWp Contracted Brazilian Solar Project Portfolio To Nebras Power
Wednesday, 24 Apr 2019 

April 24 (Reuters) - Canadian Solar Inc ::PRESS RELEASE - CANADIAN SOLAR TO SELL ITS 80% INTEREST IN A 482.6 MWP CONTRACTED BRAZILIAN SOLAR PROJECT PORTFOLIO TO NEBRAS POWER.CANADIAN SOLAR INC - AGREEMENT WITH NEBRAS PROVIDES CANADIAN SOLAR WITH RETENTION OF REMAINING 20% INTEREST IN PORTFOLIO.CANADIAN SOLAR INC - PROJECTS ARE IN ADVANCED STAGES OF DEVELOPMENT WITH CONSTRUCTION EXPECTED TO BEGIN IN 2019..CANADIAN SOLAR - SIGNING OF DEAL FOR SALE OF 80% INTEREST IN 482.6 MWP PORTFOLIO OF CONTRACTED SOLAR PROJECTS IN BRAZIL TO NEBRAS POWER INVESTMENT.  Full Article

Canadian Solar Q4 Earnings Per Share $1.81
Thursday, 21 Mar 2019 

March 21 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR REPORTS FOURTH QUARTER AND FULL YEAR 2018 RESULTS.Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.61.Q4 EARNINGS PER SHARE $1.81.SEES FY 2019 REVENUE $3.5 BILLION TO $3.8 BILLION.SEES Q1 2019 REVENUE $450 MILLION TO $480 MILLION.Q4 REVENUE $901 MILLION VERSUS REFINITIV IBES ESTIMATE OF $872 MILLION.Q4 EARNINGS PER SHARE ESTIMATE $1.01 -- REFINITIV IBES DATA.APPOINTMENT OF ARTHUR (LAP TAT) WONG AS AN INDEPENDENT DIRECTOR OF COMPANY, EFFECTIVE MARCH 8, 2019.FOR Q1 OF 2019, COMPANY EXPECTS TOTAL SOLAR MODULE SHIPMENTS TO BE IN RANGE OF APPROXIMATELY 1.3 GW TO 1.4 GW.APPOINTMENT OF ARTHUR (LAP TAT) WONG INCREASED SIZE OF BOARD OF DIRECTORS FROM FIVE TO SIX DIRECTORS.CANADIAN SOLAR - HAD $941.0 MILLION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AS OF DEC 31, 2018, COMPARED TO $995.0 MILLION AS OF SEPT 30, 2018.CANADIAN SOLAR - SEES NET PROFIT FOR Q1 TO BE LOW OR NEGATIVE, DUE TO TYPICAL LOWER PRODUCTION AND SALES VOLUME DURING CHINESE NEW YEAR HOLIDAY.INVENTORIES AT END OF Q4 OF 2018 WERE $262.0 MILLION, COMPARED TO $322.0 MILLION AT END OF Q3 OF 2018.EXPECT 2019 FINANCIAL RESULTS TO BE LOWER THAN 2018.EXPECT A REBOUND IN PROJECT SALES IN 2020 AND BEYOND.CURRENTLY EXPECTS ITS NET PROFIT FOR 2019 TO BE LOWER THAN 2018.FY2019 EARNINGS PER SHARE VIEW $2.48, REVENUE VIEW $3.94 BILLION -- REFINITIV IBES DATA.  Full Article

Canadian Solar Won 94 Mwp Of Subsidy-Free Electricity Contracts In Alberta's Public Power Auction
Saturday, 16 Feb 2019 

Canadian Solar Inc ::CANADIAN SOLAR WON 94 MWP OF SUBSIDY-FREE ELECTRICITY CONTRACTS IN ALBERTA'S PUBLIC POWER AUCTION.CANADIAN SOLAR INC - THREE PROJECTS IN THE 94 MWP OF SUBSIDY-FREE ELECTRICITY CONTRACTS ARE JENNER, TILLEY, AND HAYS SOLAR PROJECTS.CANADIAN SOLAR INC - CONTRACT HAS AVERAGE CONTRACTED PPA PRICE OF 48.05 CANADIAN DOLLARS PER MEGAWATT-HOUR (MWH).  Full Article

Solar Frontier Americas Acquires Canadian Solar's 210 Mwp Mustang Two Solar Project
Tuesday, 18 Dec 2018 

Dec 18 (Reuters) - Canadian Solar Inc ::SOLAR FRONTIER AMERICAS ACQUIRES CANADIAN SOLAR'S 210 MWP MUSTANG TWO SOLAR PROJECT.CANADIAN SOLAR INC - RECURRENT ENERGY WILL CONTINUE TO MANAGE DEVELOPMENT OF MUSTANG TWO PROJECT.CANADIAN SOLAR INC - SOLAR FRONTIER AMERICAS WILL FINANCE AND MANAGE CONSTRUCTION OF MUSTANG TWO PROJECT.  Full Article

EDF Renewables, Canadian Solar Secure 1.39 Bln Brazilian Reais (US$373Mln) Financing On Pirapora Solar Complex
Monday, 26 Nov 2018 

Nov 26 (Reuters) - Canadian Solar Inc ::EDF RENEWABLES AND CANADIAN SOLAR SECURE 1.39 BILLION BRAZILIAN REAIS (US$373MILLION) FINANCING ON PIRAPORA SOLAR COMPLEX.CANADIAN SOLAR INC - RAISED 1.39 BILLION BRAZILIAN REAIS (US$373 MILLION) FOR MWP PIRAPORA SOLAR COMPLEX IN BRAZIL.  Full Article

Canadian Solar reports third quarter results
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR REPORTS THIRD QUARTER 2018 RESULTS.Q3 EARNINGS PER SHARE $1.09.Q3 REVENUE $768 MILLION VERSUS I/B/E/S VIEW $809.4 MILLION.Q3 EARNINGS PER SHARE VIEW $0.44 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 REVENUE $3.53 BILLION TO $3.64 BILLION.SEES Q4 2018 REVENUE $690 MILLION TO $800 MILLION.CANADIAN SOLAR- PORTFOLIO OF UTILITY-SCALE SOLAR POWER PLANTS IN OPERATION ABOUT 1.1 GWP WITH ESTIMATED TOTAL RESALE VALUE ABOUT $1.23 BILLION, AS OF OCT. 31.FOR Q4 OF 2018, COMPANY EXPECTS TOTAL SOLAR MODULE SHIPMENTS TO BE IN RANGE OF 1.67 GW TO 1.72 GW.GROSS MARGIN FOR Q4 IS EXPECTED TO BE BETWEEN 24% AND 26%.TOTAL SOLAR MODULE SHIPMENTS IN Q3 OF 2018 INCLUDED 180 MW SHIPPED TO COMPANY'S PROJECTS.CANADIAN SOLAR - SOLAR MODULE SHIPMENTS RECOGNIZED IN REVENUE IN Q3 2018 TOTALED 1,521 MW, COMPARED TO 1,454 MW IN Q2 OF 2018.INVENTORIES AT END OF Q3 OF 2018 WERE $322.0 MILLION, COMPARED TO $336.5 MILLION AT END OF Q2 OF 2018.INVENTORY TURNOVER IN Q3 OF 2018 WAS 55 DAYS, COMPARED TO 72 DAYS IN Q2 OF 2018.CANADIAN SOLAR - FOR MODULE,SYSTEM SOLUTIONS BUSINESS, AVERAGE SELLING PRICE OF SOLAR MODULES DECLINED IN Q3 FROM Q2, DUE TO CHINA'S SOLAR INCENTIVE POLICY.LIKELY CO'S GROSS MARGIN WILL CONTINUE TO FLUCTUATE IN FUTURE QTRS.CANADIAN SOLAR - PLANS TO SELL MOST OF ITS LATE-STAGE PROJECTS IN JAPAN INTO CANADIAN SOLAR INFRASTRUCTURE FUND AFTER PROJECTS REACH COD.  Full Article

Canadian solar subsidiary Recurrent Energy signs build-transfer agreement with Entergy on 100 mwac Mississippi solar project
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Canadian Solar Inc ::CANADIAN SOLAR SUBSIDIARY RECURRENT ENERGY SIGNS BUILD-TRANSFER AGREEMENT WITH ENTERGY ON 100 MWAC MISSISSIPPI SOLAR PROJECT.CANADIAN SOLAR INC - UNIT SIGNED A BUILD-TRANSFER AGREEMENT ("BTA") FOR A BASE PURCHASE PRICE OF APPROXIMATELY $138.4 MILLION.CANADIAN SOLAR INC - SUNFLOWER PROJECT WILL USE SINGLE-AXIS TRACKERS AND IS EXPECTED TO CREATE APPROXIMATELY 360 JOBS DURING CONSTRUCTION.CANADIAN SOLAR INC - SIGNED A BUILD-TRANSFER AGREEMENT FOR A BASE PURCHASE PRICE OF APPROXIMATELY $138.4 MILLION WITH ENTERGY MISSISSIPPI.  Full Article

Canadian Solar Inc Gives Update On "Going Private" Proposal
Monday, 5 Nov 2018 

Nov 5 (Reuters) - Canadian Solar Inc ::UPDATE ON "GOING PRIVATE" PROPOSAL.CANADIAN SOLAR INC - UPDATE ON "GOING PRIVATE" PROPOSAL.CANADIAN SOLAR INC - SHAWN QU HAS AGREED TO WITHDRAW PROPOSAL LETTER AND PROPOSED TRANSACTION WITH IMMEDIATE EFFECT.CANADIAN SOLAR INC - SPECIAL COMMITTEE, FORMED TO REVIEW CHAIRMAN QU'S PROPOSAL, HAS INFORMED QU OF RECOMMENDATION.CANADIAN SOLAR - NOTWITHSTANDING HIS WITHDRAWAL OF TRANSACTION, QU ADVISED BOARD THAT HE REMAINS INTERESTED IN ACQUIRING CO IN A "GOING PRIVATE" DEAL.CANADIAN SOLAR INC - QU MAY CONTINUE TO EXPLORE WAYS TO SECURE FINANCING AND PROPOSE ANOTHER ACQUISITION TRANSACTION TO BOARD.CANADIAN SOLAR - SPECIAL COMMITTEE ALSO RECOMMENDED TO BOARD A REVIEW BE CARRIED OUT OF OTHER STRATEGIC ALTERNATIVES INDEPENDENT OF PROPOSED DEAL.CANADIAN SOLAR INC - "SIGNIFICANT CHANGES" HAVE TAKEN PLACE IN SOLAR INDUSTRY SINCE CEO QU'S PROPOSED DEAL IN DEC 2017.CANADIAN SOLAR INC - THERE IS "UNCERTAINTY" SURROUNDING QU'S ABILITY TO SECURE FINANCING FOR HIS DEC 2017 OFFER.CANADIAN SOLAR INC - SPECIAL COMMITTEE RECOMMENDS TO BOARD DISSOLUTION OF SPECIAL COMMITTEE.CANADIAN SOLAR - COMMITTEE RECOMMENDS NOT TO UNDERTAKE A REVIEW OF ANY FUTURE "GOING PRIVATE" PROPOSALS BY QU UNLESS THEY ARE FULLY FINANCED.CANADIAN SOLAR INC - SPECIAL COMMITTEE RECOMMENDS BOARD TO CEASE ITS REVIEW OF PROPOSED TRANSACTION PUT FORWARD BY QU IN 2017.CANADIAN SOLAR INC - QU HAD MADE A $18.47 "GOING-PRIVATE" PROPOSAL IN HIS DEC 9, 2017 LETTER TO BOARD.  Full Article

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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.