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
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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
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CSIQ
News
- Canadian Solar denies patent infringement claims filed by Maxeon [Yahoo! Finance]Yahoo! Finance
- Canadian Solar Comments on Complaint Filed by Maxeon Solar [Yahoo! Finance]Yahoo! Finance
- Canadian Solar Comments on Complaint Filed by Maxeon SolarPR Newswire
- Maxeon Solar files patent infringement lawsuit against Canadian Solar [Yahoo! Finance]Yahoo! Finance
- Maxeon Solar Technologies Initiates TOPCon Patent Infringement Lawsuit [Yahoo! Finance]Yahoo! Finance
CSIQ
Earnings
- 3/14/24 - Beat
CSIQ
Sec Filings
- 3/14/24 - Form 6-K
- 3/4/24 - Form SC
- 2/28/24 - Form 6-K
- CSIQ's page on the SEC website