Canadian Solar Inc. (NASDAQ:CSIQ) is another troubled solar company that is near financial distress because of the conditions on the solar market. The company is one of the losers in the Jobs Transformation Scheme.
The company has been losing money for the last two years, like its peers. The company's equity has shrunken from $534 million to about $301.58 million. The company's net loss is in an up-trend, it keeps increasing. If the company continues to burn money at the current rate, it will have a negative equity by Q2 2014 - Q3 2014.
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