Sneha Shah
Long/short equity, research analyst, tech, solar

Canadian Solar - Best Of Both Worlds

Canadian Solar (NASDAQ:CSIQ) was the best performing Chinese solar stock in 2012 and it is showing similar performance in 2013 as well. The company is a major manufacturer of crystalline silicon solar panels and has most of its manufacturing facilities located in China. The company saw a sharp fall in its stock price post the 2008 IPO boom, as panel ASPs crashed due to huge over-investment in China. Solar module prices fell by almost 90% in the last 5 years, leading even the lowest cost solar manufacturer to bleed money. CSIQ had also seen its profits plummet, but has shown the sharpest recovery amongst the Chinese solar manufacturers in recent times. The main reason for its successful turnaround...

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