Green World Investor  Jul 20  Comment 
Canadian Solar to set upto 1GW of Solar Parks in India Canadian Solar (CSIQ) like its peers SunEdison (SUNE) and First Solar (TSL) is now planning expansion into India. The company has plans to set up solar parks in the country. It had set up a...
Market Intelligence Center  Jul 15  Comment 
Canadian Solar Inc. (CSIQ) traded between $26.37 and $27.38 before closing at $26.64 Tuesday and presents some attractive trading opportunities today. MarketIntelligenceCenter.com’s algorithms have picked a Jan. '16 $24.00 covered call for a net...
Motley Fool  Jul 13  Comment 
Tariffs could be a long-term challenge for a company that's not as Canadian as you might think.
Benzinga  Jul 10  Comment 
Aerie Pharmaceuticals Inc (NASDAQ: AERI) shares climbed 7.47 percent to $19.00 in pre-market trading after gaining 1.09 percent on Thursday. ASML Holding NV (ADR) (NASDAQ: ASML) shares rose 4.44 percent to $104.04 in pre-market trading after...
Market Intelligence Center  Jul 6  Comment 
The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center  are highlighting two trades on Canadian Solar Inc. (CSIQ) today after it closed at $27.40 on Thursday. For more conservative...
Benzinga  Jun 29  Comment 
Canadian Solar Inc. (NASDAQ: CSIQ) could get hurt by a ruling later this week that may uphold anti-dumping duties in Canada on photovoltaic imports from China. The Guelph, Ontario-based company, which plans a yieldco spin-off later this year,...
Benzinga  Jun 29  Comment 
Seres Therapeutics Inc (NASDAQ: MCRB) shares declined 14.40 percent to $44.00 in pre-market trading after jumping 185.56 percent on Friday. Baozun Inc (ADR) (NASDAQ: BZUN) fell 5.06 percent to $10.50 in pre-market trading after dropping 3.32...
Benzinga  Jun 26  Comment 
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show. Canadian Solar Inc. (NASDAQ: CSIQ) shares were trading lower by $2.46 (7.4 percent) at $29.68 in Friday's session. There is no specific news to explain...


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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