Canadian Solar Inc. (CSIQ) - NASDAQ
  • Feb. 3, 2015, 8:18 AM
    • Canadian Solar (NASDAQ:CSIQ) +8.3% premarket after agreeing to acquire Sharp's (OTCPK:SHCAY, OTCPK:SHCAF) Recurrent Energy solar operation for $265M.
    • Recurrent, founded in 2006, has developed and sold more than 520 MW of solar projects and has a project pipeline of 3.3 GW and 1.1 GW in signed contracts, with developments across North America including California and Texas.
    • CSIQ says the purchase will increase its total solar project pipeline by ~4 GW to 8.5 GW and its late-stage project pipeline by 1 GW to 2.4 GW.
    | Feb. 3, 2015, 8:18 AM | 3 Comments
  • Feb. 2, 2015, 11:30 AM
    • WTI crude oil soared above $48/barrel on Friday after ISIS attacked the Iraqi city of Kirkuk, and is holding its ground today. Oil/gas producers are rallying, and so are beaten-down solar firms (TAN +2.2%).
    • Notable gainers: FSLR +6%. SCTY +9.2%. SUNE +5.5%. SPWR +4.9%. TSL +6.6%. JKS +4.8%. CSIQ +4.6%. DQ +13.2%. VSLR +4.4%. JASO +3.8%. ENPH +3.4%. HSOL +3.6%. YGE +4.3%. ASTI +3.1%. SOL +3.4%.
    • RBC made a contrarian call on Friday, upgrading SunPower, JA Solar, and Trina to Outperform. A long list of U.S. and Chinese solar firms are expected to post Q4 results this month.
    | Feb. 2, 2015, 11:30 AM | 8 Comments
  • Jan. 26, 2015, 2:09 PM
    • Though WTI crude is still below $46/barrel and the Nasdaq is only up 0.3%, beaten-down solar stocks are posting big gains (TAN +3.9%). Quite possibly helping: Pres. Obama has said the U.S. will help finance an Indian effort to install 100GW of solar capacity by 2022.
    • The head of an Indian think tank estimates such an effort would cost $160B. India says it's seeking $100B worth of investments over 7 years. The country's bureaucracy/red tape has often stalled major foreign investments; the new government has repeatedly promised to change that.
    • First Solar (FSLR +4.1%) and SunEdison (SUNE +4.1%) are among the companies to have struck deals for Indian solar projects. SunEdison has announced plans to invest up to $4B in an Indian solar manufacturing plant through a JV. First Solar and Trina (TSL +5.4%) are weighing plans to build their own local plants.
    • Other notable gainers: SCTY +4.7%. JKS +7.5%. SOL +5.8%. SPWR +2.9%. CSIQ +4.6%. JASO +4.4%. RGSE +3.7%. ASTI +9.3%. HSOL +3.2%. DQ +3.7%.
    | Jan. 26, 2015, 2:09 PM | 31 Comments
  • Jan. 20, 2015, 12:40 PM
    • Chinese solar plays JinkoSolar (JKS -6.7%), ReneSola (SOL -3.9%), JA Solar (JASO -3.5%), Daqo (DQ -9.3%), and Trina (previously covered) are posting sizable losses. As is Canadian Solar (CSIQ -10%), which depends heavily on its Chinese manufacturing ops.
    • The decline comes as WTI crude oil falls by 3.7% to $46.89/barrel, and Henry Hub natural gas falls by 8.6% to $2.86/mmBtu. Also: The Shanghai exchange fell 7.5% on Monday following 3-month ban on new margin trading accounts, before rising 1.8% today. The Nasdaq is currently down 0.3%.
    • Saudi Arabia has provided a bit of bad news, stating it's pushing back the completion date for its massive clean energy program (includes $109B worth of solar investments) by 8 years to 2040. Unlike many of its top energy customers, Saudi Arabia depends heavily on oil (suddenly much cheaper) for electricity production.
    • U.S. solar stocks are also underperforming, but less dramatically. The Guggenheim Solar ETF (TAN -2.3%) is less than $0.30 away from its 52-week low of $31.77.
    • Update: Also potentially hurting: A Chinese government study found 23% of solar panel samples taken from local firms featured glass coating defects that can affect long-term power efficiency. The defects were in products set to be used in China.
    | Jan. 20, 2015, 12:40 PM | 22 Comments
  • Jan. 8, 2015, 1:15 PM
    • Deutsche's Vishal Shah, bullish on solar for a long time, asserts the "recent volatility in solar stocks, driven largely by oil price weakness, presents an attractive entry point for investors as we expect 2015 to be a year of stable industry pricing and accelerating volume growth."
    • Shah expects solar to see a "balanced supply/demand outlook as strong demand from the US and improving demand from China/other emerging solar markets offsets any potential demand weakness in the UK/Japan."
    • He observes oil accounts for just ~5% of global electricity output, and sees both solar project pipelines/margins and module margins rising in 2015. Tariffs against Chinese module vendors are expected to be "completely removed."
    • His top picks are SolarCity (SCTY +3.3%), SunEdison (SUNE +4.1%), SunPower (SPWR +6.1%), and Vivint (VSLR +0.3%); the first three are faring quite well today. Yingli (YGE +0.2%), however, has been downgraded to Hold due to balance sheet and financial flexibility concerns.
    • Other major gainers: FSLR +3.9%. JKS +6%. ENPH +5.4%. CSIQ +3.7%. RGSE +5.2%. TERP +3.2%.
    • SunEdison announced today it has bought new wind turbines that will allow it to build up to 1.6GW of wind projects that qualify for U.S. tax credits. The purchase follows the company's $2.4B deal to buy project developer First Wind.
    • ETFs: TAN, KWT
    | Jan. 8, 2015, 1:15 PM | 49 Comments
  • Jan. 6, 2015, 2:47 PM
    • The broad Monday selloff in solar names that accompanied WTI crude's plunge towards $50/barrel has been followed by major Tuesday losses (TAN -2%) as WTI falls by another $2.34 to $47.70/barrel.
    • Brent crude is down by $2.44 to $50.67/barrel, and Henry Hub natural gas is up by $0.03 to $2.91/mmBtu (still down sharply over the last few months). The Nasdaq is down 1%.
    • 3%+ decliners: SUNE -5.9%. SPWR -4.3%. JKS -5.8%. DQ -9.4%. VSLR -4.6%. YGE -4.4%. HSOL -4.5%. ENPH -7.6%. CSUN -8.8%. TSL -3.4%. ASTI -10.2%. CSIQ -3.9%.
    • SA author Short/Long Trader sees a buying opportunity. Though admitting a "historic connection" exists between oil prices and renewable investment, the author sees little impact on rising solar demand from low oil prices going forward.
    • Trina, Canadian Solar, and JA Solar (JASO -1.4%) are Short/Long's favorite picks, given their low valuations - all three have P/Es below 10 - and generally healthy fundamentals.
    | Jan. 6, 2015, 2:47 PM | 16 Comments
  • Jan. 5, 2015, 1:18 PM
    • WTI crude is down by $2.36 to $50.33/barrel, and briefly fell below $50/barrel for the first time since '09. Brent crude is down $3.18 to $53.24/barrel. Solar stocks, no stranger to getting hit hard by crude's decline, are seeing more pain (TAN -2.1%).
    • U.S. solar firms First Solar (FSLR -5.5%), SolarCity (SCTY -5.9%), SunPower (SPWR -4.6%), SunEdison (SUNE -6%), and TerraForm (TERP -4.4%) are especially hard-hit. But other names are also underperforming: CSIQ -3.6%. DQ -5.1%. CSUN -4.2%. JKS -2.8%. SOL -3.5%. The S&P is down 1.8%.
    • A reminder: Oil accounts for only ~1% of U.S. electricity production, and transmission/distribution costs often have a bigger impact on electricity prices than energy input costs.
    • Industry news: 1) Canadian Solar has completed selling two 10MW Ontario plants to renewable energy investment firm RET. 2) Hanwha (HSOL +0.9%) has struck a deal to supply 80MW of modules for a Chilean solar plant. 3) China Sunergy has won a 30MW solar module contract from an Indian solar park builder.
    | Jan. 5, 2015, 1:18 PM | 17 Comments
  • Dec. 29, 2014, 8:26 AM
    • Canadian Solar (NASDAQ:CSIQ) has sold its 10MW Liskeard 1 Ontario solar plant to TransCanada for C$60M ($52M).
    • Canadian had a 1.4GW late-stage solar project pipeline at the end of October. Its Canadian project backlog totaled 386.9MW.
    | Dec. 29, 2014, 8:26 AM
  • Dec. 22, 2014, 5:35 PM
    • Top gainers, as of 5:15 p.m.: VNDA +22.2%. EXK +4.6%. EGO +3.8%. DGAZ +3.7%. AG +3.6%.
    • Top losers, as of 5:15 p.m.: SCS -5.1%. UGAZ -2.7%. ACMP -2.6%. ALLT -1.6%. CSIQ -1.4%.
    | Dec. 22, 2014, 5:35 PM | 4 Comments
  • Dec. 17, 2014, 4:37 AM
    • The Commerce Department is hiking import duties on solar energy equipment from China and Taiwan, closing a loophole that had allowed Chinese manufacturers to avoid tariffs and sell at illegally low prices in the U.S.
    • Steep anti-dumping duties will now placed on imports of most solar panels made in China and solar cells from Taiwan, likely raising the cost of solar energy at a time of falling oil prices.
    • Related tickers: FSLR, SPWR, SUNE, SCTY, CSIQ, SOL, YGE, DQ, ENPH, TSL, JASO, RGSE, JKS, CSUN, VSLR, HSOL , STP, OTC:MIDIL
    | Dec. 17, 2014, 4:37 AM | 17 Comments
  • Dec. 7, 2014, 5:03 AM
    • Sharp (OTCPK:SHCAY) is set to sell its U.S.-based solar energy development unit Recurrent Energy to Canadian Solar (NASDAQ:CSIQ) for about ¥30B ($247M), reports the Nikkei business daily.
    • Sharp previously paid $305M in cash to acquire the business in 2010, although a sale would now help the company raise capital as it struggles to increase its equity ratio to a healthy level.
    • A basic agreement it expected by the end of the month, with a final sale in the spring.
    • Previously: Sharp continues to withdraw from solar industry (Sep. 08 2014)
    | Dec. 7, 2014, 5:03 AM | 9 Comments
  • Dec. 5, 2014, 2:35 PM
    • Recently bludgeoned in tandem with plunging oil prices and a broad selloff in anything energy-related, Chinese solar stocks are finishing the week on a high note.
    • Notable gainers: JKS +3.5%. DQ +7.3%. JASO +4.9%. TSL +4.5%. YGE +2.5%. Canadian Solar (CSIQ +5.7%), which depends heavily on its Chinese manufacturing ops, is also faring well.
    • Many solar bulls have been busy arguing the link between oil prices and solar demand is very limited. WTI crude has fallen to $66.14/barrel today.
    • Earlier: SolarCity rallies following CEO's CNBC appearance
    | Dec. 5, 2014, 2:35 PM | 4 Comments
  • Dec. 1, 2014, 12:15 PM
    • With the Nasdaq down 1.3%, solar stocks are adding to the steep Friday losses they saw after OPEC declined to cut production, sparking a huge selloff in oil prices and anything energy/commodity-related. Oil prices have bounced a little today, but WTI crude is still only around $68/barrel.
    • Solar bulls have noted oil only accounts for a small percentage of global electricity production, and that solar stocks have already seen plenty of pain this year. The Guggenheim Solar ETF (TAN -5.2%) is now down 34% from a March high of $51.07.
    • Major decliners: FSLR -6.3%. SPWR -8.4%. SCTY -6%. SUNE -6.4%. SOL -12.8%.JKS -8.1%. CSUN -8.5%. CSIQ -9.3%. DQ -10.3%. VSLR -7.2%. TSL -7.8%. YGE -9.4%. RGSE -7.4%. HSOL -9.5%. TERP -5.8%. JASO -5.2%.
    | Dec. 1, 2014, 12:15 PM | 43 Comments
  • Nov. 28, 2014, 10:55 AM
    | Nov. 28, 2014, 10:55 AM | 47 Comments
  • Nov. 21, 2014, 6:45 PM
    | Nov. 21, 2014, 6:45 PM | 46 Comments
  • Nov. 21, 2014, 10:28 AM
    | Nov. 21, 2014, 10:28 AM | 37 Comments
Company Description
Canadian Solar, Inc. designs, develops, and manufactures solar wafers, cells and solar power products. Its products include a range of standard solar modules built to general specifications for use in a range of residential, commercial and industrial solar power generation systems. Canadian... More
Sector: Technology
Industry: Semiconductor - Specialized
Country: Canada