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Stock impact report

Canadian Solar's China IPO Presents A Special Situation [Seeking Alpha]

Canadian Solar Inc. - Common Shares (CSIQ) 
Last canadian solar inc. - common shares earnings: 3/26 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.canadiansolar.com
Company Research Source: Seeking Alpha
SummaryCanadian Solar's Q2 numbers were respectable, and the Company gave a strong forward guidance.The key to near-term alpha in Canadian Solar is a China pre-IPO placement that is likely to set a baseline for future China IPO.China IPO could remove "China discount" in the US market and make the Company significantly more valuable.(NASDAQ:CSIQThe following is the summary of highlights from the Q2 earnings call and the potential opportunity:- The Q2 results were well above guidance. Module shipments of 2.9 GW and revenues of $669M were ahead of expectations. However, both numbers were down sequentially as the volume growth did offset the ASP decline driven by COVID dynamics.- The situation has gotten worse in Q3 due to ongoing ASP declines coupled with polysilicon price increase caused by shortages due to GCL factory blow-up in Xinjiang. Management claims ASPs have climbed a little due to polysilicon prices, but the overall effect is still negative.- For Q3, management expects total m Show less Read more
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