Market Intelligence Center  Jul 23  Comment 
For a hedged play on Canadian Solar Inc. (CSIQ), MarketIntelligenceCenter.com’s option-trade picking algorithms recommend the Jan. '15 $25.00 covered call for a net debit in the $22.05 area. That is also the break-even stock price for the...
MarketWatch  Jul 18  Comment 
TerraForm Power skyrockets 35% on its Nasdaq debut Friday, and the successful IPO boosts shares of parent SunEdison as well.
Market Intelligence Center  Jul 17  Comment 
Wednesday’s trading in Canadian Solar Inc. (CSIQ) gives options traders an opportunity for a 40.85% return. By selling the Jan. '15 $25.00 call and buying the Jan. '15 call at the $20.00 level for a net debit of $3.55, traders will book a profit...
Motley Fool  Jul 14  Comment 
With foreign capital coming into the land of the rising sun, foreign solar manufacturers like Canadian Solar and SunPower will have more flexibility in one of the world's biggest solar markets.
MarketWatch  Jul 11  Comment 
Shares of SolarCity Corp. rise, but their uptick is not enough to erase weekly losses.
Market Intelligence Center  Jul 8  Comment 
Canadian Solar Inc. (CSIQ) is a good candidate for a covered call at the $26.00 level. The Jan. '15 call at that price should fetch a credit of about $6.90, which means the entire position has a net debit of about $22.83. This trade has 18.10%...
Motley Fool  Jul 7  Comment 
Does this analyst make a good case? Or is it just more noise from Wall Street?
StreetInsider.com  Jul 7  Comment 
UPGRADES Piper Jaffray raises King Digital Entertainment (NYSE: KING) from Neutral to Overweight and adjusts its price target from $19 up to $28. Click Here for more color. FBR Capital upgrades Canadian Solar (Nasdaq: CSIQ) from Market Perform...
TheStreet.com  Jul 7  Comment 
NEW YORK (TheStreet) -- Shares of Canadian Solar Inc.  are higher by 2.64% to $31.52 at the beginning of trading on Monday morning following the company's announcement that its subsidiary Canadian Solar Solutions Inc. completed the sale of its...


Canadian Solar, Inc. (NASDAQ: CSIQ) is a vertically-integrated manufacturer of photovoltaic cells, modules and custom-designed solar power applications that was incorporated by Dr. Shawn Qu in Canada in 2001. The company has three manufacturing facilities located at Suzhou, Changshu and Luoyang in the People's Republic of China. CSIQ went public with its initial public offering in November 2006.

The company engages in the design, development, manufacture, and sale of solar module products (ranging from 5 W to 300 W and using both polycrystalline and monocrystalline solar cells) that convert sunlight into electricity for various uses. Its products include a range of standard solar modules to general specifications for use in various residential, commercial, and industrial solar power generation systems. The company also designs and produces specialty solar modules and products based on customers' requirements. Its specialty solar modules and products consist of customized modules that its customers incorporate into their own products, such as solar-powered bus stop lighting, and complete specialty products, such as solar-powered car battery chargers. The company also implements solar power development projects, primarily in conjunction with government organizations, to provide solar power generation in rural areas of China.

Canadian Solar operates through six wholly-owned subsidiaries: CSI Solartronics, CSI Solar Manufacturing CSI Solar Technologies CSI Luoyang, Ltd. CSI Cells. and CSI Advanced.

The company offers its products to customers located in various markets worldwide, including Germany, Spain, Canada, China, and Japan. During the 3rd quarter of 2008, the company generated the vast majority of its revenues (88.%) from Europe, while Asia contributed 6.5%, America 5.4% and the remainder being generated from other geographic regions.[1]

Trends and Forces


Like their competitors, CSIQ experienced rapid growth from 2006 to mid-2008. As of September 2007, the company had an annual production capacity of 180 MW of modules and 50 MW of solar cells. The company is ramping up its solar cell manufacturing capacity to 100 MW per annum by the end of 2007 and projected 400 MW capacity for modules by the end of 2008.

Slowing Sales

In November 2008, CSIQ reduced their 2008 annual revenue estimate from $900 to $650-750 million. Q4 revenues of approximately $70 million to $85 million were projected, roughly half the run-rate of previous quarters.


  1. 2008 Q3 6-K
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