QUOTE AND NEWS
StreetInsider.com  Aug 20  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Canadian+Solar+%28CSIQ%29+Announces+Completion+of+%2460.3M%2B+BluEarth+Renewables+Sale/9769653.html for the full story.
SeekingAlpha  Aug 16  Comment 
By Casual Analyst: Canadian Solar (NASDAQ:CSIQ) announced blowout results for Q2 2014 on Wednesday. All key metrics came at or above guidance and market expectations. The company delivered sales of $623.8M compared to guidance of $560-590M, module...
MarketWatch  Aug 13  Comment 
Shares of Canadian Solar Inc. rise more than 19% on Wednesday after the solar-panel maker reports a surprise second-quarter profit.
Reuters  Aug 13  Comment 
* Expects panel shipments to rise to 720-750 MW in 3rd-qtr
Benzinga  Aug 13  Comment 
Solar power stocks were mixed Wednesday in the wake of a big second-quarter earnings beat by Canadian Solar (NASDAQ: CSIQ) that sent its shares up more than 17 percent. China-based JA Solar (NASDAQ: JASO) gained four percent while Trina Solar...
Benzinga  Aug 13  Comment 
Kate Spade & Company (NYSE: KATE) shares moved up 6.97% to $31.02. The volume of Kate Spade shares traded was 993% higher than normal. Kate Spade shares tumbled 25.39% on Tuesday. Canadian Solar (NASDAQ: CSIQ) surged 15.73% to $28.90. The volume...
Benzinga  Aug 13  Comment 
LiveDeal (NASDAQ: LIVE) shares climbed 21.82% to $4.69 after the company reported a 340% surge in its FQ3 revenue. Versar (NYSE: VSR) gained 14.25% to $3.58 after the company announced a $98.3 million contract at Dover Air Force Base. Canadian...
TheStreet.com  Aug 13  Comment 
NEW YORK (TheStreet) -- Shares of Canadian Solar Inc.  are up 9.97% to $27.46 in pre-market trade after the Ontario-based solar power company swung to a profit in the second quarter as revenue and module shipments improved, the Wall Street...
newratings.com  Aug 13  Comment 
OTTAWA (dpa-AFX) - Solar power products company Canadian Solar Inc. (CSIQ) reported Wednesday a profit for the second quarter compared to a loss last year, reflecting strong margin improvement and double-digit revenue growth. Both earnings per...




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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

Growth

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.




References

  1. 2008 Q3 6-K
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