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Canadian Solar Inc. (CSIQ)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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1,479 reactions on $CSIQ conversation
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Now we see the extent of the overreaction. If this offering is fully subscribed, it will be a VERY positive sign for CSIQ. The money is dirt cheap (2.5% interest rate), and the conversion rate is $36.67 per share, subject to adjustments. If the holders convert, there would be an increase of 5.45 million shares, or approximately a 9.2% increase in the share count based on the total shares outstanding of today.
This is about as cheap a financing as I have ever seen in public markets.
Canadian Solar in August 2019 signed a contract for providing Operations & Maintenance (O&M) services to three local solar photovoltaic (PV) plants with an aim to minimize downtime and increase site availability. The company boasts a four-quarter average earnings surprise of 28.26%, while its current year earnings estimate indicates year- over-year growth of 18.7%.
great news! just keep enough votes at the board .
its a loan with a good interest thats it.
the solar business is very competitive now..so if they want to expend there doing a good job
My son is in the solar industry and per him, increasingly, Canadian Solar is the panel of choice. It's manufactured in North America, of great quality and there's no tariff drama. When he bid's a project, he's only bidding Canadian Solar, and furthermore, his competitors are also biding Canadian Solar panels. That's why I decided to invest in CSIQ several months ago and am buying on dips. CSIQ is an affordable stock with room to run.
Why are they doing this? Have you seen the projected growth for '21? That growth has to be funded.
Yes, they have a lot of cash, but part of that cash is restricted. You can never tell how the market reacts to a financing like this, but at the end of the day, it could be just a loan. Even if converted, it's likely to be a a 10% share dilution, at the current market cap.
Over the past few weeks, this board has been filled with commenters who are reading short term chart analysis and assuming that overall solar sector growth and low valuation numbers for Canadian Solar mean an absolute sure thing. You didn't just discover a new world that nobody else knows about.
Anyone who has been in this stock, or even this industry, for more than a few years knows better. CSIQ very well could reach a 20 PE valuation someday, but it won't be in one steady runup. It will involve management changes, structural changes, and years of demand outstripping supply in all sectors of the solar market(most of you don't even know what the difference between panels, modules, and projects are). The headwinds to this are the same as they were for the last decade, and if you don't understand why it was low, then you can't reason out why it won't be low in the future. You probably don't understand why it's dropping more than the broader market today. Again, you didn't just discover a new world that nobody else knows about.
I'll keep accumulating when this falls far enough, and sell enough up above PE 7 to be safe from disaster.
Every growing company must expand manufacturing as demand increases. It's a good deal for CSIQ and create additional revenue/profit in the future. BFD! I'm a buyer at this level... what to sell to make room for more CSIQ...
in reality CSIQ will go much higher than 49. It will be a difficult and strange rally but I expect at least $100-120 before I push a sell button. Who expected SEDG at 230? I bought it for 15 and sold out for 64 and 87. Who expected TSLA for 2500? I bought it for 42 and sold out for 196 and 270.
CSIQ is a very solid company, progressing, actually this is best solar company in the world.
EV needs a lot of extra electric power. Solar will be the best and cheapest decision. I bought it for 15.3 and 17.8 and will sell over 100-120.
Felt this would be coming, should have sold all my shares at 33
Trump several times said, the climate Control and use of Green Energy is Hoax. Will his administration will get awake this time with all fires are going on in West Coast. Will they change their move toward Green Energy?
Unfortunately there are huge damages in the fire path. All these fires are caused because of lack of climate control. US needs to use more green energy to help the climate control.
Now I understand why the stock was violently taken from almost 35 to 28.5 within last 3-4 days. Those in the know shorted against the box.
Interesting how people go crazy for silly things.
This potential "dilution" will happen, if it does, in 2025, assuming this is not bought back before maturity, which may happen under few circumstances as described on the press release document
Nobody knows the conversion ratio... and still it goes down 10%... it is clear people simply ready the highlight and does not understand the implications.
I am here for long baby, and still buying!
Analyst Actions: GLJ Research Starts Canadian Solar at Buy With $49.40 Price Target
MT NEWSWIRES - 7:31 AM ET
07:30 AM EDT, 08/28/2020 (MT Newswires) -- (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here:
Price: 29.34, Change: +0.70, Percent Change: +2.44
Contact Us - MT Newswires
I've owned CSIQ for over 10 years. I've sold part of my position over $25 in the past, and never failed to buy it all back under $15, which has led to this being one of my biggest holdings.
I haven't sold any thing time, but I can't really say why. Anyone out there can convince me that this time is different? That there is enough confidence in this particular company this time, that it won't fall back to P/E of 4 if the market overall goes into correction?
Agree with @alex. I am long CSIQ and believe it has a long way to run:
1) One of best value stocks on NASDAQ with P/E below 8 and P/S at 0.6......this will be repriced
2) Growth of solar is immense......TESLA bought competitor Solar City in 2016 (for more than enterprise value today of CSIQ) think this is logical acquisition target for one of the EV companies trying to replicate Tesla like NIO or other companies like AAPL or AMZN who want to be instant leader in green energy.....the move to electric cars will create need for home electric solar and charging. (Imagine Apple home battery units to charge your Electric Vehicle as alternative to Tesla ecosystem)
3) This would be immediately EBIT accretive to most acquirers....unlock massive arbitrage if revalued at level of an Electric Vehicle company.
4) Global company with manufacturing in multiple countries including US and China.....ability to leverage scale/cost/knowledge across countries.....to take advantage of support for Green energy post Novemeber and infrastructure spending across countries
5) Retail investors have not yet discovered this....Insider 25% and Institutional 64%.....much better way to play EV revolution than TESLA NIO TPEV.
6) Low interest costs are tailwind as solar is capital intensive.....expect favourable government policy as countries invest in green infrastructure
7) Leader in Global Solar for less than $2B in Enterprise Value and incredible cheap P/E multiple......this will be 3X by end of next year.
New loan by Nomura is encouraging. To extend that type of credit to Recurrent, Nomura must (i) see pipeline strength; (ii) financial stability; and (iii) sustained demand in the north american solar market.
8.12 M in volume tells you the big boys are buying in to make big money. Have no fear here, it won't stay at this level and goes up after hours. I'm sure not worrying about the drop.
I all, I am new to this and I am considering investing in. can someone explain me the contraction in earnings during last Q? Also, when Q3 earnings will be released? thanks in advance
This stock is unstoppable lately, hope it continues! Long and loving the clean energy stock rally!
75 million goes a long way developing even better technology than peers. CSIQ already has the best tech!
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