Tag Archives: csiq
LDK Solar Sues Canadian Solar $LDK $CSIQ
LDK Solar (LDK) announced this morning that it has filed an objection for arbitration before the China IntlEcon & Trade Arbitration Commission as well as a lawsuit to demandcompensation from Canadian Solar (CSIQ) due to a breach of a 10 yearsupply agreement signed in 2008. Despite the news, shares of CSIQ areup nearly 3% today [...]
Canadian Solar Reports Mixed Results $CSIQ
I’ve been on vacation for a few days so didn’t get this out Thursdaynight, but Canadian Solar (CSIQ) reported mixed Q1 results. The company posted a non GAAP EPS of $0.03, 4 cents lower than the analyst estimate of $0.07 on revenue of $336.9 million, vs estimate of $330.97 million. Those numbers are big increase [...]
Canadian Solar Siting New Module Facility In Guelph $CSIQ
Canadian Solar Inc. will locate its new solar module manufacturing factory at 525 Speedvale Ave. Westin Guelph, Ontario. The company expects to commence production earlynext year. The facility is being developed by Canadian Solar SolutionsInc., a wholly owned subsidiary of Canadian Solar. The newfacility will be Canadian Solar’s first feed-in-tariff domesticcontent-compliant solar manufacturing facility in [...]
Canadian Solar Shares Destroyed After SEC Subpoena $CSIQ
Over a month ago, Macquarie slashed its rating on Canadian Solar (CSIQ) and said it had lostcredibility in management due to another EPS revision lower due tocurrency exchange losses. Today, that credibility takes another hitalong with the price of its stock. The company announced after the bell today that it has been issued a subpoena [...]
Wells Fargo Initiates Coverage Of Solar Stocks, PT. 2: $SOLF $YGE $CSIQ
Last night I posted the Well Fargo analyst notes on STP, TSL & SOL as the firm initiatedcoverage of the sector. This morning I have a few more notes for SOLF,YGE & CSIQ courtesy of Street Insider. Wells Fargo initiates coverage of Solarfun (SOLF) with an Outperform and valuation range of $10-$12.50. They believethat SOLF [...]
Auriga Upgrades Canadian Solar To Buy $CSIQ
Auriga isout upgrading Canadian Solar (CSIQ) this morning to Buy from Hold, butlowered the price target from $25 to $21. The firm believes that CSIQ’s pre-announcement in which it announced a Forex hit as well as lowermargins, has been priced in for the most part ahead of earnings (noofficial date announced yet). Says the firm: [...]
Canadian Solar Grabs 176MW In Canadian Open Field PV Orders $CSIQ
When I first started looking at solar stocks a few years ago, I assumed CanadianSolar was from Canada. Logical assumption, but this is a Chinesecompany that was doing business almost exclusively in China. It’scertainly more of a global company now and it can say it has a strongpresence in Canada after announcing contract offers for [...]
Canadian Solar Sponsors San Jose Sharks During Playoffs $CSIQ
After reshuffling their roster and running through coaching changes,San Jose may have finally found the elusive missing piece totheir championship puzzle: a little solar heat to thaw their perennialpost-seasn bad luck. Two weeks ago, the San Jose Sharks announced that Canadian Solar(NASDAQ:CSIQ), one of the world’s biggest manufacturers of solar panels, will sponsor the team’s 2010 playoff push. Malcolm [...]
Analysts Weigh in on Solar Stocks $WFR $FSLR $CSIQ
A fewnoteworthy analysts comments and rating changes in the solar spacetoday… Soleil Securities reiterated its Sell rating on First Solar (FSLR)but back pedaled a bit saying they are raising their estimates andwouldn’t be short heading into earnings. They still have a sub $100price target. How’s that for conviction. Shares of FSLR were initially positive this [...]
Canadian Solar’s NewEdge Roof-Mounting Solar Panels For Sale In The U.S. $CSIQ
Canadian Solar just announced that they have released their NewEdgesolar panels in the U.S. market. The panels are compatible with the newZep roof-mounting System, and used together the products have thepotential to reduce installation costs by half and reduce the amount oftime spent to install the panels on a roof by 75%. The NewEdge solar [...]
Canadian Solar Adopts Zep’s Modular Rack $CSIQ
Canadian Solar has launched a new line of solar modules compatiblewith the racking system from Zep Solar that Zep says can slash the costs and time surrounding installation. Instead of mounting solar panels on the traditional metal frames used now, Zep props up on a device its calls the Interlock Zep. In layman’sterms, the Interlock [...]
Barclays Bullish On Solar $TSL $CSIQ $YGE $SOLF $FSLR
The solarsare having a decent day today on the back of a Barclays bullish callthis morning. According to Street Insider, the firmupgraded Solarfun (SOLF) to Equalweight and doubled the price targetwhich sent the stock surging 10%. They have also raised the pricetarget on several other solar stocks. Here are the calls.. First Solar (FSLR) from [...]