Canadian Solar Stock Price, News & Analysis

Canadian Solar (NASDAQ: CSIQ) announced a significant achievement, securing a private power purchase agreement (PPA) with Usinas Siderurgicas de Minas Gerais S.A. in Brazil. This deal commits 50% of a 381 MWp solar project’s electricity output. Construction of the Morada do Sol project in Goiás is set to begin in Q1 2024, with operations expected by January 2025. The project aims to generate approximately 790 GWh annually, benefiting around 432,700 households and reducing CO₂ emissions by 118,500 tons.

Canadian Solar Inc. (NASDAQ: CSIQ) will hold a conference call on March 17, 2022, at 8:00 a.m. EDT to discuss its fourth quarter and full year 2021 results and business outlook. Investors can join the call via various dial-in numbers or listen to the live webcast on the company's website. A replay will be available until March 25, 2022. Canadian Solar is recognized as one of the largest solar technology companies globally, having delivered over 63 GW of solar modules and developed 6.2 GW of projects across 20 countries since 2010.

Canadian Solar Inc. (CSIQ) announced that its subsidiary, Recurrent Energy, has finalized a purchase agreement with Appalachian Power for the 150 MWac Firefly Energy solar project in Virginia. This project will be Appalachian Power's largest solar acquisition and aims to support clean energy goals mandated by the Virginia Clean Economy Act. Construction is anticipated to commence in early 2023, with commercial operation expected in 2024. The project will generate $2.25 million in upfront payments to Pittsylvania County and provide long-term revenue for local services.

On December 14, 2021, Canadian Solar (NASDAQ: CSIQ) announced the sale of its 635 MWp Jaíba V solar project in Brazil to VTRM. This project, located in Minas Gerais, will begin construction in 2022 and aims for commercial operation by 2023, generating clean electricity for over 500,000 households. Approximately 40% of Jaíba V's capacity is secured via long-term power purchase agreements. This sale brings Canadian Solar's total monetized capacity in Brazil to 1.6 GWp, as the company continues to expand its leadership in Latin America.

Canadian Solar (NASDAQ: CSIQ) announced that its majority-owned subsidiary, CSI Solar, received approval from the STAR Market of the Shanghai Stock Exchange for its proposed initial public offering. This approval allows CSI Solar to proceed to the registration process with the China Securities Regulatory Commission. The listing will enable Canadian Solar to raise growth capital while remaining the majority shareholder of CSI Solar. Additionally, the company has completed the transfer of its China Energy business to avoid competition with CSI Solar.

Canadian Solar (NASDAQ: CSIQ) has successfully issued €30 million in green bonds due December 2026 to support its solar and battery storage projects in EMEA. The bonds, part of a €100 million program, carry a coupon rate of 4.0% and were sold to non-U.S. investors. This issuance aims to enhance Canadian Solar's portfolio, currently comprising 4.6 GW of solar PV and 2.0 GWh of battery storage. The company plans to potentially raise additional funds within the next year based on market conditions.

Canadian Solar (NASDAQ: CSIQ) has successfully completed its 'at-the-market' offering, selling 3,639,918 common shares and raising approximately US$150 million in gross proceeds. The company plans to utilize the net proceeds to advance its strategic growth, particularly in battery storage development and acquisitions that complement its solar projects. Canadian Solar has launched the offering under its automatic shelf registration statement, which is effective with the SEC.

Canadian Solar (NASDAQ: CSIQ) announced a new strategic cooperation framework agreement with CATL, a leader in new energy technology. This partnership aims to enhance battery storage system solutions, including lithium-ion battery modules and maintenance services. Canadian Solar's global battery storage pipeline now stands at 21 GWh, with 2.9 GWh under construction. Both companies plan to leverage their strengths to advance clean energy technology and support global net-zero emission goals.

Canadian Solar Inc. (NASDAQ: CSIQ) announced the registration of a €100 million medium-term note program through its subsidiary in Spain, aimed at financing solar PV and battery storage projects. This initiative supports the company's sustainable investment strategy and aligns with the UN Sustainable Development Goals. The notes may qualify as green bonds and are exclusively offered to non-U.S. persons. Canadian Solar has a strong market position with over 63 GW of solar modules delivered globally and significant ongoing projects.