EDMONTON, Alberta, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Capital Power Corporation (TSX: CPX) is pleased to announce the appointment of Kevin MacIntosh as Chief Financial Officer of the company, effective March 16, 2026. Mr. MacIntosh has over 30 years of experience as a finance leader working in large, complex organizations within the global energy industry and brings expertise across multi-jurisdictional operations, cross-border transactions, energy trading and diverse regulatory landscapes. He has a proven t ...

Core Viewpoint - Canadian Solar Inc. achieved a significant legal victory against Maxeon Solar Pte. Ltd. regarding patent infringement claims, with the PTAB ruling all claims by Maxeon as invalid [1]. Group 1: Legal Victory - The Patent Trial and Appeal Board (PTAB) ruled in favor of Canadian Solar, invalidating all claims asserted by Maxeon against the company [1]. - This decision underscores the effectiveness of the international intellectual property protection framework and highlights Canadian Solar's strong technological foundation and legal capabilities [2]. Group 2: Company Overview - Canadian Solar is a leading global solar technology and renewable energy company, established in 2001 and headquartered in Kitchener, Ontario [4]. - The company has delivered nearly 170 GW of solar photovoltaic modules globally and has shipped over 16 GWh of battery energy storage solutions, with a contracted backlog of $3.1 billion as of October 31, 2025 [4]. - Canadian Solar has developed approximately 12 GWp of solar power projects and 6 GWh of battery energy storage projects since entering the project development business in 2010, with a diversified pipeline of 25 GWp of solar and 81 GWh of battery energy storage capacity in various development stages [4]. Group 3: Intellectual Property - Canadian Solar has filed over 5,000 patent applications and has been granted more than 4,000 patents, demonstrating its commitment to protecting intellectual property [3]. - The company emphasizes the importance of respecting intellectual property rights and opposes the misuse of patents that lack practical value [3].

Core Viewpoint - Canadian Solar Inc. has successfully closed a private offering of US$230 million in convertible senior notes, with net proceeds of approximately US$223.1 million after expenses [1][2]. Group 1: Offering Details - The offering included US$230 million aggregate principal amount of 3.25% convertible senior notes due 2031, with an additional US$30 million purchased by initial buyers [1]. - The notes were offered to qualified institutional buyers under Rule 144A of the Securities Act [1]. Group 2: Company Overview - Canadian Solar is a leading global solar technology and renewable energy company, founded in 2001 and headquartered in Kitchener, Ontario [4]. - The company has delivered nearly 170 GW of solar photovoltaic modules globally and has a contracted backlog of $3.1 billion in battery energy storage solutions as of October 31, 2025 [4]. - Canadian Solar has developed approximately 12 GWp of solar power projects and 6 GWh of battery energy storage projects since entering the project development business in 2010 [4]. - The company has a diversified project development pipeline with 25 GWp of solar and 81 GWh of battery energy storage capacity in various stages of development [4].

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]

Core Viewpoint - Canadian Solar Inc. is proposing a private offering of US$200 million in convertible senior notes due 2031 to enhance its manufacturing capacity and support battery energy storage and solar power solutions [1][2] Group 1: Offering Details - The proposed offering consists of US$200 million aggregate principal amount of convertible senior notes, with an option for initial purchasers to buy an additional US$30 million [1] - The notes will be senior unsecured obligations, maturing on January 15, 2031, and will accrue interest semi-annually [3] - Holders can convert their notes into common shares at any time before the maturity date, with the conversion rate determined at pricing [4] Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to investments in U.S. manufacturing capacity, battery energy storage, solar power solutions, working capital, and general corporate purposes [2] Group 3: Redemption and Repurchase Terms - The notes can be redeemed by the company starting January 22, 2029, under specific conditions related to the company's common share price [5] - Holders may require the company to repurchase their notes in cash upon certain fundamental changes, with the repurchase price being 100% of the principal amount plus accrued interest [6] Group 4: Company Overview - Canadian Solar is a leading global solar technology and renewable energy company, established in 2001, and has delivered nearly 170 GW of solar photovoltaic modules globally [9] - The company has a diversified project development pipeline, including 25 GWp of solar and 81 GWh of battery energy storage capacity in various stages of development [10]

Core Viewpoint - Canadian Solar Inc. has announced the appointment of Colin Parkin as President and a member of the Board of Directors, succeeding Yan Zhuang, while Dr. Shawn Qu remains as Chairman and CEO, allowing him to focus on long-term strategy and technology innovation [1][2]. Leadership Changes - Colin Parkin's promotion is aimed at enhancing the company's leadership structure as it expands its investments and manufacturing operations in North America [2]. - Dylan Marx has been appointed as Chief Operating Officer, highlighting the company's commitment to developing internal talent and ensuring strong collaboration across its global subsidiaries [3]. Executive Background - Colin Parkin has 20 years of experience with Canadian Solar, previously serving as President of e-STORAGE and holding various leadership roles within the company [4]. - Dylan Marx joined Canadian Solar in 2013 and has extensive experience in renewable energy and operations, previously serving as Corporate Vice President of Operations [5]. Company Overview - Canadian Solar is one of the largest solar technology and renewable energy companies globally, having delivered nearly 170 GW of solar photovoltaic modules and over 16 GWh of battery energy storage solutions [7]. - The company has a contracted backlog of $3.1 billion as of October 31, 2025, and has developed approximately 12 GWp of solar power projects and 6 GWh of battery energy storage projects globally [7]. - Canadian Solar's project development pipeline includes 25 GWp of solar and 81 GWh of battery energy storage capacity in various stages of development [7].

Core Insights - Canadian Solar Inc. is resuming direct oversight of its U.S. operations and reshoring manufacturing to North America through new joint ventures with American shareholders and its subsidiary, CSI Solar [1][2]. Group 1: Strategic Initiatives - The company will hold a 75.1% controlling stake in CS PowerTech, which will focus on U.S.-based manufacturing and sales of solar modules, solar cells, and advanced energy storage systems [2]. - Canadian Solar plans to acquire 75.1% ownership of certain overseas facilities from CSI Solar to support U.S. operations, with a total consideration of approximately $50 million, subject to adjustments based on net asset value changes [2][4]. Group 2: Commitment to North America - The launch of CS PowerTech and the direct manufacturing initiative demonstrate Canadian Solar's commitment to its North American base and the development of a resilient and diversified domestic supply chain [3]. - This initiative is expected to create thousands of high-quality manufacturing jobs and provide investment and affordable clean energy benefits to communities across the U.S. [3]. Group 3: Company Background - Canadian Solar is one of the largest solar technology and renewable energy companies globally, having delivered nearly 170 GW of solar photovoltaic modules and over 16 GWh of battery energy storage solutions [5]. - The company has a diversified project development pipeline, including 25 GWp of solar and 81 GWh of battery energy storage capacity in various stages of development [5].

Core Insights - Significant investors have adopted a bearish outlook on Canadian Solar, with 41% of trades reflecting bearish expectations compared to 23% bullish [1] - The trading activity indicates a price target range for Canadian Solar between $20.0 and $45.0 over the past three months [2] - Recent options activity shows a mix of bullish and bearish sentiments, with notable trades in both call and put options [8] Options Activity - In the last 30 days, Canadian Solar's options trading has shown fluctuations in volume and open interest, indicating investor interest at strike prices from $20.0 to $45.0 [3][4] - The largest options trades include a mix of bullish and bearish sentiments, with total trade prices for calls reaching $100.4K and $91.5K for different expiration dates [8] Company Overview - Canadian Solar Inc is a Canadian solar technology and renewable energy company, focusing on solar photovoltaic modules and battery energy storage solutions [9] - The company operates through two segments: CSI Solar, which manufactures solar modules and battery storage, and Recurrent Energy, which develops utility-scale solar power projects [9] Market Status - Current analyst ratings for Canadian Solar show a consensus target price of $19.73, with varying opinions from different analysts, including a Buy rating from UBS at $37 and a Sell rating from Citigroup at $11 [11][12] - The stock price of Canadian Solar is currently at $26.73, reflecting a 1.15% increase with a trading volume of 6,356,307 [14]

Core Insights - Canadian Solar Inc. reported strong financial results for Q3 2025, with revenues at the high end of guidance and gross margins exceeding expectations, driven by robust energy storage deliveries and a favorable mix of module shipments to profitable markets [3][5][6] Financial Performance - Total net revenues for Q3 2025 were $1.5 billion, down 12% sequentially and 1% year-over-year, primarily due to lower solar module sales, partially offset by increased battery energy storage system sales [6][9] - Gross profit was $256 million, with a gross margin of 17.2%, compared to 29.8% in Q2 2025 and 16.4% in Q3 2024, reflecting a sequential decrease due to the absence of profit release from sales-type leasing in the previous quarter [7][9] - Operating expenses were $222 million, down from $378 million in Q2 2025, resulting in net income attributable to shareholders of $9 million [8][9] Business Segments - The company operates in two segments: CSI Solar, focusing on solar modules and battery energy storage manufacturing, and Recurrent Energy, which focuses on utility-scale solar power and battery energy storage project development [13] - CSI Solar shipped 5.1 GW of solar modules in Q3 2025, with significant contributions from the North American market [4][22] Energy Storage and Project Development - The energy storage segment achieved a record 2.7 GWh in quarterly shipments, with a contracted backlog of $3.1 billion as of October 31, 2025 [5][22] - The total solar project development pipeline stands at approximately 25.1 GWp, with 2.0 GWp under construction and 3.4 GWp in backlog [15][20] Future Outlook - For Q4 2025, the company expects total revenue between $1.3 billion and $1.5 billion, with gross margins projected between 14% and 16% [27] - For the full year of 2026, total module shipments are expected to be in the range of 25 GW to 30 GW, with battery energy storage shipments projected between 14 GWh and 17 GWh [28][29] Recent Developments - Canadian Solar was recognized as a Tier 1 PV module supplier and a Tier 1 Battery Energy Storage System supplier in the 2025 Tier 1 Cleantech Companies list by S&P Global [30] - The company announced several contracts for energy storage projects in Canada and Germany, further expanding its market presence [31][32][34]

Core Viewpoint - Canadian Solar Inc. will hold a conference call on November 13, 2025, to discuss its third quarter 2025 results and business outlook [1]. Company Overview - Canadian Solar is one of the largest solar technology and renewable energy companies globally, founded in 2001 and headquartered in Kitchener, Ontario [4]. - The company is a leading manufacturer of solar photovoltaic modules and provides solar energy and battery energy storage solutions [4]. - As of June 30, 2025, Canadian Solar has delivered nearly 165 GW of solar photovoltaic modules and shipped over 13 GWh of battery energy storage solutions, with a $3 billion contracted backlog [4]. - Since entering project development in 2010, the company has developed approximately 12 GWp of solar power projects and 6 GWh of battery energy storage projects globally [4]. - The project development pipeline includes 27 GWp of solar and 80 GWh of battery energy storage capacity in various stages of development [4]. - Canadian Solar has been publicly listed on NASDAQ since 2006 and is recognized as one of the most bankable companies in the solar and renewable energy industry [4].