Canadian Solar Inc.  (CSIQ)     Rate CSIQ  -  Discuss CSIQ  -  Add to Watch List        

Earlier this week Canadian Solar (CSIQ) increased the mid-range of their revenue guidance by 13%.  Then, that same evening, they announced that they were diluting shares by offering 3.5 Million new ones at $34 each.  A significant dilution.  The shares surged, then have since pulled back - appropriately.

But take a look at this, the last four quarters earnings are, according to Yahoo Finance, in order:

When a sector is booming, consolidation and takeovers start to pick up as well. Take a look at the networking and semiconductor sectors in the late 1990s, and the internet sector in the early 2000s - several good companies were taken over by industry leaders, such as Cisco (CSCO), PMC-Sierra (PMCS) and Google (GOOG). These companies accelerated their growth by acquiring many smaller competitors. This is a must-step for a sector before it becomes mature.

As an investor, the difficulty is how to spot a company that is a likely takeover target. This can bring massive profit if it does happen, a

After the close Monday, Canadian Solar (CSIQ) announced plans to sell 3.5 million common shares, raising the company’s expected fully diluted share count to nearly 40 million shares, (32 million shares as of last report + 4 million shares from the forced conversion + 3.5 million shares from the announced secondary) and its enterprise value to nearly $1.6 billion.

Given our past discussion concerning the financing needs of several polysilicon-based module manufacturers, we were not taken aback by CSIQ’s latest secondary announcement, however we were somewhat surprised by the company’s financ

• Canadian Solar Inc. said Monday it expects its second-quarter revenue will be higher than the solar cell maker and analysts previously forecast. (under promise, over deliver)
• The company, which is incorporated in Canada and conducts all manufacturing in China, expects to report sales of $210 million to $214 million, up from its earlier forecast of $185 million t

In this post we will take a look at the future capital needs and funding requirements of four Chinese polysilicon-based PV Manufacturers.

Briefly, our conclusion, based on current low cash levels, high outstanding short-term debt as a percentage of total capital, and future capital needs, in the form of outstanding purchase obligations listed in recent 20-F filings, is that nearly all of the companies mentioned here will have a significant weakening of balance sheets in the near term, as short-term debt levels soar to support growing operating cash losses and purchase obligations. The prosp

Filed under: Earnings reports, Technical Analysis, Stocks to Buy

Canadian Solar (NASDAQ: CSIQ) develops, manufactures and markets solar module products for the conversion of sunlight into electrical energy. Offerings include solar panels for residential and industrial use, plus customized modules that customers incorporate into their own products. The modules power such special-purpose devices as bus stop lighting systems and vehicle battery chargers. Canadian Solar is incorporated in Ontario, but conducts all of its manufacturing operations through six subsidiaries in China. The firm is act