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CANADIAN SOLAR PRICES OFFERING OF US$200 MILLION CONVERTIBLE SENIOR NOTES DUE 2031
Prnewswire· 2026-01-09 05:22
Core Viewpoint - Canadian Solar Inc. has announced a private offering of US$200 million in convertible senior notes due 2031, with an option for initial purchasers to buy an additional US$30 million [1][2] Group 1: Offering Details - The offering is expected to close on or about January 13, 2026, subject to customary closing conditions [1] - Net proceeds from the offering are estimated to be approximately US$194.6 million, or US$223.9 million if the option for additional notes is fully exercised [2] - The notes will accrue interest at a rate of 3.25% per annum, payable semi-annually starting July 15, 2026, and will mature on January 15, 2031 [3] Group 2: Conversion and Redemption - Holders of the notes can convert them into common shares at a conversion rate of 36.1916 shares per US$1,000 principal amount, equating to an initial conversion price of approximately US$27.63 per share, representing a 42.5% premium over the last reported sale price of US$19.39 [4] - The company may redeem the notes for cash on or after January 22, 2029, if the common shares' price exceeds 130% of the conversion price for at least 20 trading days within a 30-day period [5] - Holders can require the company to repurchase their notes in cash in the event of certain fundamental changes, at a price equal to 100% of the principal amount plus accrued interest [6] Group 3: Company Overview - Canadian Solar is a leading global solar technology and renewable energy company, founded in 2001 and headquartered in Kitchener, Ontario [9] - The company has delivered nearly 170 GW of solar photovoltaic modules and has a contracted backlog of $3.1 billion in battery energy storage solutions as of October 31, 2025 [9] - Canadian Solar has developed approximately 12 GWp of solar power projects and 6 GWh of battery energy storage projects globally, with a project development pipeline of 25 GWp of solar and 81 GWh of battery energy storage capacity [9]
晶科能源-AI 辅助钙钛矿太阳能电池开发与空间太阳能发电的最新进展
2026-01-09 05:13
Flash | 08 Jan 2026 12:28:42 ET │ 11 pages Jinko Solar (688223.SS) Update on AI-assisted Perovskite Solar Cell Development and Space Solar Power CITI'S TAKE Jinko Solar hosted an investor call today introducing its partnership with XtalPi (2228.HK, NR) on the AI-assisted R&D of perovskite tandem solar cells. Key takeaways include: (i) Jinko aims to commercialize perovskite tandem solar cell products by 2028E; (ii) the AI-driven R&D process could shorten the development cycle by up to 70%; and (iii) the comp ...
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of First Solar, Inc. - FSLR
Prnewswire· 2026-01-09 03:16
Group 1 - Pomerantz LLP is investigating claims on behalf of investors of First Solar, Inc. regarding potential securities fraud or unlawful business practices by the company and its officers or directors [1] - Jefferies downgraded First Solar from Buy to Hold on January 7, 2026, citing lowered guidance, significant de-bookings, and margin compression throughout 2025 [2] - Following the downgrade, First Solar's stock price decreased by $27.67, or 10.29%, closing at $241.11 per share on January 7, 2026 [2] Group 2 - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of recovering multimillion-dollar damages for victims of securities fraud and corporate misconduct [3]
Immuneering, Phathom Pharmaceuticals, Canadian Solar And Other Big Stocks Moving Lower In Thursday's Pre-Market Session - Canadian Solar (NASDAQ:CSIQ), Elme (NYSE:ELME)
Benzinga· 2026-01-08 13:06
U.S. stock futures were lower this morning, with the Dow futures falling more than 100 points on Thursday.Shares of Immuneering Corp (NASDAQ:IMRX) fell sharply in pre-market trading.The company announced updated overall survival and safety data from its ongoing Phase 2a trial of atebimetinib in combination with modified gemcitabine/nab-paclitaxel in first-line pancreatic cancer patients, with over 13 months median follow up time.Immuneering shares dipped 20.7% to $6.61 in pre-market trading.Here are some ot ...
Artificial Intelligence Production in Space: PowerBank Shares Additional Update on Collaboration with Smartlink AI
Prnewswire· 2026-01-08 12:07
Core Viewpoint - PowerBank Corporation has successfully launched the Genesis-1 satellite in collaboration with Smartlink AI, marking a significant milestone in the deployment of artificial intelligence models in orbit, which is expected to enhance the capabilities of future satellite networks [1][2][3]. Company Overview - PowerBank Corporation is a leader in North American energy infrastructure development, focusing on renewable and clean energy projects, particularly distributed and community solar projects in Canada and the USA [6]. - The company has developed renewable energy projects with a combined capacity exceeding 100 megawatts and has a potential development pipeline of over one gigawatt [6]. Collaboration with Smartlink AI - The Genesis-1 satellite, launched on December 10, 2025, is confirmed operational and is processing data onboard, demonstrating the feasibility of on-orbit computing [2][3]. - This satellite represents the first operational element of Smartlink AI's planned satellite network, which aims to expand capabilities and resilience through coordinated operations of multiple satellites [4][5]. - PowerBank is expected to play a significant role in the expansion of the Orbit AI project, particularly in providing solar energy and thermal control as satellite payloads scale [5]. Industry Context - The achievement of the Genesis-1 satellite comes at a time when there is increasing industry focus on orbital AI computing, driven by rising power demands and limitations of terrestrial data centers [3]. - Smartlink AI plans to launch a second satellite in Q1 2026, with additional launches to follow, indicating a strategic approach to building a robust satellite network [5].
Pivot Energy and Tapestry, Inc. Announce Completion of Three Illinois Community Solar Projects
Prnewswire· 2026-01-08 11:00
Core Insights - Pivot Energy and Tapestry, Inc. have completed three community solar projects in Illinois, totaling 13.475 megawatts (MWac) of renewable energy capacity, marking a significant milestone in their partnership [1][2] Project Details - The three solar projects are located in Peoria, Dover, and Ottawa, and are part of a 15-year agreement where Tapestry will purchase Renewable Energy Credits (RECs) generated by these projects [2] - The projects are expected to produce over 23,000 megawatt hours of renewable energy annually, enough to power approximately 2,500 households in Illinois [2] - Two additional solar projects are planned to be completed by 2030, expanding the total capacity of Pivot's community solar initiatives in Illinois [2] Community Impact - Pivot Energy plans to invest over $115,000 in local initiatives across the five projects, with nearly $65,000 already donated to Illinois Central College and HIRE360 for workforce training programs [3] - The contributions aim to enhance access to solar careers, particularly for underrepresented groups [6] Corporate Sustainability Efforts - Tapestry's investment in the solar projects aligns with its commitment to sustainability, having achieved 100% renewable electricity across its global operations by December 2025 [4] - The partnership with Pivot Energy supports Tapestry's goal of integrating sustainability into its operations and contributes to a low-carbon future [5] Quotes from Leadership - Pivot Energy's Vice President of Development emphasized the importance of advancing renewable energy solutions while supporting local communities [5] - Tapestry's Global Head of ESG & Sustainability highlighted the collaboration's role in achieving the company's renewable energy goals and its commitment to measurable environmental impact [5]
CANADIAN SOLAR ANNOUNCES PROPOSED OFFERING OF US$200 MILLION CONVERTIBLE SENIOR NOTES DUE 2031
Prnewswire· 2026-01-07 21:00
KITCHENER, ON, Jan. 7, 2026 /PRNewswire/ -- Canadian Solar Inc. (NASDAQ: CSIQ) (the "Company", or "Canadian Solar") today announced the proposed offering, subject to market and other factors, of US$200 million aggregate principal amount of convertible senior notes due 2031 (the "Notes"). The Notes are to be offered and sold in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The ...
Renewable Properties Secures Additional $40 Million From AB CarVal
Yahoo Finance· 2026-01-07 19:18
California-based Renewable Properties, a developer and investor in small-scale utility, community solar, energy storage, and EV charging infrastructure projects, announced that it has increased its existing corporate capital facility with funds managed by AB CarVal by $40 million to a total of $120 million. The funds will be used to secure new project opportunities and acquisitions, expand Renewable Properties’ development into new markets, and accelerate project development in existing markets. Funds mana ...
First Solar: Easy Money Is Gone, Trimming My Position, But Not Running Away (NASDAQ:FSLR)
Seeking Alpha· 2026-01-07 18:39
Last June, with a contrarian view on the prospects for the U.S. solar industry, I turned bullish on First Solar, Inc. ( FSLR ). Since then, FSLR stock has gained 87%, handsomely beating the market (the S&PDilantha De Silva is an experienced equity analyst and investment researcher with over 10 years in the investment industry. He writes insightful articles for Seeking Alpha, GuruFocus, TipRanks, and ValueWalk, with a significant following on Seeking Alpha. Dilantha’s expertise spans across various sectors, ...