Solar energy stocks have been depressed in the last few quarters. This has translated into several stocks trading at a valuation gap. I believe that the correction presents a good buying opportunity with some of the best solar energy stocks poised for a strong comeback.An important reason for weak numbers from solar companies is macroeconomic headwinds in the U.S. and Europe. Further, with high interest rates, demand for solar projects from retail consumers has been sluggish. However, the key point is that ...

GUELPH, ON, Feb. 15, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that it has been awarded the "Top Brand PV Award USA 2024" by EUPD Research, a globally renowned authority in market research. This accolade stands as the epitome of recognition and prestige in the global PV industry, symbolizing reliability and trust within target customer groups and among business partners. A trailblazer in the photovoltaic (PV) industry for over two decades, C ...

Solar stocks have seen brighter days. Even with a strong potential backlog, some of the best solar stocks have been in a correction mode for the past few quarters. Macroeconomic challenges that translate into lower demand and high inventory are to blame for the depressed sentiments. Further, the instillation of residential solar projects involve relatively higher costs, especially as interest rates remain high.Notably, most of these challenges are temporary. Therefore, the correction in some of the best sol ...

GUELPH, ON, Feb. 14, 2024 /PRNewswire/ -- Canadian Solar Inc. ("the Company", "Canadian Solar") (NASDAQ: CSIQ) today announced that it will hold a conference call on Thursday, March 14, 2024, at 8:00 a.m. U.S. Eastern Time (8:00 p.m., March 14, 2024, in Hong Kong) to discuss the Company's fourth quarter and full year 2023 results and business outlook. The dial-in phone number for the live audio call is +1-877-704-4453 (toll-free from the U.S.), 800 965 561 (from Hong Kong), +86 400 120 2840 (local dial-in f ...

Canadian Solar (CSIQ) closed the most recent trading day at $22.07, making no change from the previous trading session. This change lagged the S&P 500's 0.06% gain on the day. At the same time, the Dow added 0.13%, and the tech-heavy Nasdaq gained 0.24%.Coming into today, shares of the solar wafers manufacturer had lost 6.32% in the past month. In that same time, the Oils-Energy sector lost 1.2%, while the S&P 500 gained 6.45%.Investors will be eagerly watching for the performance of Canadian Solar in its u ...

Canadian Solar Inc.’s (CSIQ) subsidiary, Recurrent Energy, recently secured a project financing worth $160 million for its 127 megawatts direct current (MWdc) Bayou Galion Solar project in Northeast Louisiana. Once completed, this project should further strengthen CSIQ’s footprint in the solar market.Mitsubishi UFJ Financial Group, Inc. was the Coordinating Lead Arranger for the financing.Details of the ProjectThe Bayou Galion project is expected to generate enough clean electricity to power more than 20,50 ...

GUELPH, ON, Feb. 6, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer and owner of solar and energy storage assets, announced today that it has secured $160 million in project financing for its 127 MWdc Bayou Galion Solar project, located in Morehouse Parish in Northeast Louisiana. The project is currently under construction and is expected to be operational by fall 2024. Microsoft Corporation will purchase 100 percent of the ...

Canadian Solar (CSIQ) ended the recent trading session at $22.97, demonstrating a -1.5% swing from the preceding day's closing price. This change lagged the S&P 500's 0.07% loss on the day. Meanwhile, the Dow experienced a rise of 0.16%, and the technology-dominated Nasdaq saw a decrease of 0.36%.Shares of the solar wafers manufacturer have depreciated by 11.77% over the course of the past month, underperforming the Oils-Energy sector's loss of 2.53% and the S&P 500's gain of 3.05%.Analysts and investors al ...

Solar energy specialist Canadian Solar (NASDAQ:CSIQ) — which specializes in the manufacturing of photovoltaic (PV) modules and operating large-scale solar projects — saw its shares pop significantly higher on Tuesday. Investment firm BlackRock (NYSE:BLK) announced it’s buying preferred equity in the solar company’s Recurrent Energy unit. Subsequently, CSIQ stock also soared on a much-needed credibility boost following a tumultuous period in 2023.According to a Bloomberg report, the preferred equity is conve ...

NEW YORK and GUELPH, ON, Jan. 23, 2024 /PRNewswire/ -- Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ: CSIQ) and a global developer and owner of solar and energy storage assets, announced today that Recurrent Energy B.V. has secured a $500 million preferred equity investment commitment, convertible into common equity, from BlackRock through a fund managed by its Climate Infrastructure business ("BlackRock"). The $500 million investment will represent 20% of the outstanding ...