The wall is merely an excuse, looks like we might be looking at a global solar rebound. Most solar stocks (on their technical charts) in 2017 have shown a leveling off of their decline and entered an accumulation channel which we are now likely to exit for a multi month up-swing. (FSLR, SPWR, JKS, CSIQ are on the same boat)
Hey everybody read Travis #$%$ for brains Hoium over at Motley Fool for why CSIQ jumped today.
Export Development of Canada has committed $72 million in financing for Canadian Solar Inc's ( CSIQI.participation in Dubai's massive Solar City project. (https://tgam.ca/2twlTef)
I've made lots of money with CSIQ and it will only get better. This company deals all around the world. Not like most US solar companies that only focus on the US market. It would be nice if CSIQ would do more business in the US. But Trump would most likely say that the Canadian company (CSIQ) is being subsidized by the Canadian Government and therefore needs to have 45% tariffs added to their shipping of solar panels to the US. LMAO . This company will do quite well in the next few years.
I wonder what Friday is going to look like for csiq
Five stories that shaped the week, and the big ideas behind them.
seems shortable still same problems margins weak and ASP declining outlook uncertain
CSIQ has completed five additional project sales in China and Canada in the first quarter. They are well underway in the process to monetize other operating solar power plants in the U.S., Japan and China. They have just completed the second round of binding offers for the sales of the high quality solar power plant assets in the U.S. and will soon select the final winner. In Japan, they now have 65 MWp of solar power plants in commercial operation and made progress to launch the JREIT listing around the end of the third quarter, or in the fourth quarter this year. Their expectation is, that as they continue to successfully execute their operating plan, the share price will achieve a higher valuation in the market, one that more appropriately reflects the value of their operating assets, global project pipeline and prospects for continued success.