LONDON, UK / ACCESSWIRE / January 31, 2018 / Active-Investors.com has just released a free research report on Canadian Solar Inc. (NASDAQ: CSIQ). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=CSIQ as the Company's latest news hit the wire. On January 29, 2018, Canadian Solar, one of the world's largest and foremost solar power companies, declared that it has signed a partnership agreement with Amsterdam-based solar power solutions and services Company Photon Energy N.V. for co-developing five utility-scale solar power projects in New South Wales, Australia. Register today and get access to over 1,000 Free Research Reports by joining our site below:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Canadian Solar most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Terms and Conditions of the Agreement
- As per the agreement, Canadian Solar will acquire 51% shareholding in all five project companies of Photon Energy in Australia, which have a total of 1.14 GWp (Gigawatts peak) of projects.
- This portfolio comprises the 316 MWp (Megawatt peak) project in Gunning, which is fully owned by Photon Energy and four projects co-developed by Photon Energy with Polpo Investment. These four projects include the 178 MWp project in Mumbil, the 165 MWp project in Gunnedah, the 286 MWp project in Suntop, and the 196 MWp project in Maryvale.
- However, the equity contributed by Canadian Solar would be subject to several development milestones, and joint management processes and other terms customary for project co-development.
- Besides, the agreement also covers the development budgets to bring all five projects to the ready-to-build stage.
- Photon Energy will hold a 49% stake in the Gunning project and 24.99% stakes in the four other projects post the transaction.
Partnership Agreement to Strengthen Canadian Solar's Market Leading Position
Canadian Solar has developed a geographically diversified pipeline of utility-scale power projects in various stages of development since its inception in 2001. In the last 16 years, it has achieved a leadership position in the manufacturing of solar photovoltaic modules and solar energy solutions. So far, the Company has delivered more than 25 GW (Gigawatts) of premium quality modules to over 100 countries around the world. In fact, it is one of the most bankable Companies in the solar industry, having been publicly listed on NASDAQ since 2006.
Dr. Shawn Qu, the Chairman and Chief Executive Officer at Canadian Solar said that Canadian Solar is delighted to partner with Photon Energy and thereby bring 1.14 GWp into the Australian market. He believes that the partnership agreement with Photon Energy will help strengthen the Company's leading position in the Australian market by making it a very active developer for solar power plants in the country.
A Tangible Achievement for Photon Energy
Photon Energy is a global solar power solution and services Company covering the entire lifecycle of solar power systems. Georg Hotar, the CEO of Photon Energy, stated that this agreement is the result of Photon Energy's long-term commitment to the Australian market. He believes it is an important milestone for the Company and especially the Australian team, who have gained the trust of a leading global player in the solar industry such as Canadian Solar.
Stock Performance Snapshot
January 30, 2018 - At Tuesday's closing bell, Canadian Solar's stock fell 2.62%, ending the trading session at $15.61.
Volume traded for the day: 594.40 thousand shares.
Stock performance in the past twelve-month period – up 32.85%
After yesterday's close, Canadian Solar's market cap was at $896.48 million.
Price to Earnings (P/E) ratio was at 37.71.
The stock is part of the Technology sector, categorized under the Semiconductor - Specialized industry.
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email firstname.lastname@example.org. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.