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Stock Market & Financial Investment News

News Breaks
July 8, 2013
20:00 EDTCSIQSEC says accounting firms hinder probes, Reuters says
Officials from the SEC are trying to persuade a judge to sanction the Chinese arms of five major accounting firms, arguing that their failure to turn over audit records has hurt investigations into U.S.-listed Chinese companies, including a stalled three-year-old probe into financial fraud at Canadian Solar, reports Reuters. Reference Link
News For CSIQ From The Last 14 Days
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October 20, 2014
07:22 EDTCSIQSolar Energy Trade Shows to hold a conference
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07:19 EDTCSIQJPMorgan says recent sell-off in solar space unjustified
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October 15, 2014
05:44 EDTCSIQCanadian Solar to power key solar projects in Honduras
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October 14, 2014
17:15 EDTCSIQClaren Road Asset reports 5.83% passive stake in Canadian Solar
06:42 EDTCSIQPV modules with solar-grade wafers to account for 89% of capacity, DigiTimes says
Solarbuzz says solar photovoltaic modules using solar-grade wafers will account for 89% of solar capacity forecast to be installed in 2014, reports DigiTimes. Thin-filmed panel makers will supply nearly 8% of end-market demand in 2014, while premium cyrstalline silicon suppliers making up the remaining 3% share. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL), Panasonic (PCRFY) and Yingli Green Energy (YGE). Reference Link
October 13, 2014
05:34 EDTCSIQCanadian Solar reports sale of 24.3 MWp of modules to EDF Renewable Energy
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October 9, 2014
05:25 EDTCSIQCanadian Solar announces sale of 10 MW of solar modules to Conti Group
Canadian Solar announced that it supplied Conti/SunDurance with 10 MW of solar modules during Q3. For this 10 MW order, Canadian Solar delivered to the Conti Group in total 33,792 pieces of CS6X solar modules in 6 x 12 cell matrix with UL 1000V certificate. In the life span of 25 years, these modules will turn solar energy into 360,000 MWh of electricity, and displace CO2 emissions by 67,000 tons.
October 8, 2014
05:27 EDTCSIQCanadian Solar announces $46M construction, term financing from Manulife
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October 6, 2014
11:53 EDTCSIQGT issues company specific, solar sell-off unwarranted, says Northland
Northland said it believes GT Advanced's (GTAT) bankruptcy filing is company specific and related to its non-solar opportunities and that the sell-off in other solar industry stocks after this news is unwarranted. Publicly traded companies in the solar space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). The firm also confirmed that GT is a customer of Ultra Clean (UCTT) and that some of its growth potential with the GT may be muted near-term, but points out that the company required a full prepayment for its prior work with GT.
11:41 EDTCSIQSolar companies sink after GT Advanced declares bankruptcy
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07:04 EDTCSIQCanadian Solar updates Japanese pipeline in light of recent suspension
Canadian Solar provided an update on the status of its Japanese pipeline to clarify its position in light of recent announcements by Kyushu Electric Power to temporarily suspend grid connection approval pending evaluation of their respective grid capacity availability. Canadian Solar's late stage utility-scale project pipeline in Japan stood at 405MW as of the end of the second quarter of 2014. During the third quarter of 2014 the company successfully added 85.5MW of new projects to its portfolio, and increased its total late stage project pipeline in Japan to 490.5MW. Approximately 150MW these projects already have full grid connection approval, and are in the construction permitting stage. The company is currently actively evaluating over 200MW of additional projects for acquisition, and maintains its goal to increase its late-stage pipeline in Japan to approximately 550-600MW by the end of 2014. Kyushu has temporarily suspended grid-connection approvals pending an evaluation of its available grid capacity, which it expects to complete by the second quarter of 2015. Projects that have full grid connection approval, are not suspended, and are moving ahead according to plan. Ten of the Company's projects within the Kyushu area representing a total of 95.6 MW have received full grid connection approval. The company expects these ten projects to move ahead according to plan. Only one of the company's projects in the Kyushu area, namely, "Shibushi-Uchinokura" totaling 2.3 MW has not received full grid connection approval, and as a result is affected by the temporary suspension. Canadian Solar has three projects in the Tohoku area totaling 135MW. The Company continues to work with Tohoku to develop these projects, and at this point it expects them to eventually reach approval. These three projects are originally targeted to reach commercial operation in late 2016 or 2017, and therefore allow sufficient time to accommodate the utility's grid capacity study.

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