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Stock Market & Financial Investment News

News Breaks
May 27, 2014
07:05 EDTCSIQCanadian Solar announces joint venture with GCL-Poly in China
Canadian Solar announced that it has entered into an agreement with GCL-Poly Solar System Integration, a subsidiary of GCL-Poly Energy Holdings Limited to establish a joint venture to build a manufacturing site to produce crystalline silicon solar cells in Funing, Jiangsu Province, China. Under the terms of the agreement, Canadian Solar will own 80% and GCL will own 20% of the equity in the Joint Venture. In the initial phase, this new solar cell plant will have 300MW annual production capacity. The company expects multi-crystalline cell conversion efficiency at the Funing plant to reach 19% by the end of 2014. The new site can accommodate annual production capacity of up to 1.2GW of solar cells, if fully built. The decision to expand beyond the initial phase will be subject to market conditions. With the addition of the Funing plant, Canadian Solar's annual cell manufacturing capacity will total 1,560 MW, up from 1,500MW at the end of 2013.
News For CSIQ From The Last 14 Days
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April 15, 2015
06:52 EDTCSIQJapanese judge blocks relaunch of nuclear plants, NY Times says
A Japanese judge yesterday blocked the country's government from restarting two nuclear power plants, according to The New York Times. None of Japan's 48 reactors has been operating since the Fukushima disaster, and the judge's decision is potentially significant because it directly challenges the government's new nuclear safety standards, the newspaper stated, adding that the two affected reactors may not reopen for months or even years. Cameco (CCJ) develops uranium used by nuclear plants. Solar energy companies whose products may be used to supplement nuclear power in Japan include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
April 13, 2015
13:59 EDTCSIQChina looking to deploy solar power station in space, Business Insider says
China intends to deploy a solar power station in space in 2020, according to Business Insider. Expected to orbit Earth, the station is supposed to utilize over six square kilometers of solar panels, the website stated. However, a few logistical problems must be solved, including the fact that current rockets do not have nearly enough power to propel a station of that magnitude into space, Business Insider added. Publicly traded Chinese solar companies include Canadian Solar (CSIQ), JA Solar (JASO), Trina Solar (TSL) and Yingli Green Energy (YGE). Reference Link
April 8, 2015
14:42 EDTCSIQAnalyst says solar to be disruptive in some markets by 2018
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07:22 EDTCSIQSeasonality reason for NJ solar pricing softness, says UBS
UBS said the recent weakness in the New Jersey solar market is due to seasonal factors including a deceleration in the pace of the state's solar renewable target alongside the declining cost structure of solar. Publicly traded companies in the space include Canadian Solar (CSIQ), First Solar (FSLR), JA Solar (JASO), SunPower (SPWR), Trina Solar (TSL) and Yingli Green Energy (YGE).
07:09 EDTCSIQSolar plus storage to be cheaper than competition in 2018, says Bernstein
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April 6, 2015
07:03 EDTCSIQRET Capital buys solar power plant in Ontario from Canadian Solar
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07:01 EDTCSIQCanadian Solar completes sale of solar power plant to RET Capital
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