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Canadian Solar (CSIQ)

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Recent press releases and 8-K filings for CSIQ.

Canadian Solar closes US$230 million convertible senior notes offering
CSIQ
Debt Issuance
Convertible Preferred Issuance
  • Canadian Solar Inc. (CSIQ) announced the closing of its US$230 million aggregate principal amount of 3.25% convertible senior notes due 2031 on January 13, 2026.
  • This amount includes the full exercise of an option by initial purchasers to buy an additional US$30 million aggregate principal amount of the Notes.
  • The net proceeds from the offering are approximately US$223.1 million, after deducting initial purchasers' discount and estimated offering expenses.
  • The Notes were offered in a private offering to qualified institutional buyers pursuant to Rule 144A.
2 days ago
Canadian Solar closes US$230 million convertible senior notes offering
CSIQ
Debt Issuance
  • Canadian Solar Inc. announced the closing of its offering of US$230 million aggregate principal amount of 3.25% convertible senior notes due 2031.
  • This amount includes the full exercise of the initial purchasers' option to purchase an additional US$30 million aggregate principal amount of the Notes.
  • The net proceeds from the offering are approximately US$223.1 million, after deducting the initial purchasers’ discount and estimated offering expenses.
  • The Notes were offered in a private offering to qualified institutional buyers and have not been registered under the Securities Act.
2 days ago
Canadian Solar Prices US$200 Million Convertible Senior Notes
CSIQ
Debt Issuance
New Projects/Investments
Convertible Preferred Issuance
  • Canadian Solar Inc. priced an offering of US$200 million aggregate principal amount of convertible senior notes due 2031, with an option for initial purchasers to buy an additional US$30 million.
  • The notes will accrue interest at a rate of 3.25% per annum, payable semi-annually, and have an initial conversion price of approximately US$27.63 per common share. This conversion price represents a premium of approximately 42.5% over the last reported sale price of US$19.39 per common share on January 8, 2026.
  • The company estimates net proceeds of approximately US$194.6 million (or US$223.9 million if the option for additional notes is fully exercised), which will be used for investments in U.S. manufacturing, the value chain supporting battery energy storage and solar power solutions, working capital, and general corporate purposes.
6 days ago
Canadian Solar Prices Convertible Senior Notes Offering
CSIQ
Debt Issuance
New Projects/Investments
Convertible Preferred Issuance
  • Canadian Solar Inc. (CSIQ) priced an offering of US$200 million aggregate principal amount of convertible senior notes due 2031.
  • The notes will accrue interest at a rate of 3.25% per annum, payable semi-annually, and will mature on January 15, 2031.
  • The initial conversion price is approximately US$27.63 per common share, representing a 42.5% premium over the last reported sale price of US$19.39 on January 8, 2026.
  • The company expects net proceeds of approximately US$194.6 million, which will be used for investments in U.S. manufacturing, the value chain supporting battery energy storage and solar power solutions, working capital, and general corporate purposes.
6 days ago
Canadian Solar Announces Proposed Offering of Convertible Senior Notes
CSIQ
Debt Issuance
New Projects/Investments
  • Canadian Solar Inc. announced a proposed offering of US$200 million aggregate principal amount of convertible senior notes due 2031 on January 7, 2026.
  • The offering will be a private placement to qualified institutional buyers pursuant to Rule 144A, with an option for initial purchasers to buy an additional US$30 million in notes.
  • The net proceeds from the offering are intended for investments in U.S. manufacturing capacity, the value chain supporting battery energy storage and solar power solutions, working capital, and general corporate purposes.
  • The notes will be senior unsecured obligations of the company, accruing interest semi-annually in arrears, and will mature on January 15, 2031, unless earlier repurchased, redeemed, or converted into common shares.
8 days ago
Canadian Solar Inc. Reports Nine-Month 2025 Financial Results and Addresses Legal Challenges
CSIQ
Earnings
Legal Proceedings
New Projects/Investments
  • Canadian Solar Inc. reported a net loss attributable to the company of $(17.8) million for the nine months ended September 30, 2025, a significant decline from a net income of $2.1 million in the same period of 2024, on net revenues of $4,377.9 million.
  • While net revenues decreased by 2.1% due to lower solar module shipments, the company saw a 29.5% increase in battery energy storage system shipments to 5.7 GWh, contributing to an improved gross margin of 20.6%.
  • Operating expenses increased by 16.0% to $794.6 million, primarily due to a 60.6% rise in general and administrative expenses, which included a $61.0 million day-one loss from a sales-type lease and a $45.9 million impairment charge.
  • The company is actively involved in multiple ongoing U.S. trade proceedings related to antidumping and countervailing duties, and is defending against patent infringement lawsuits from Maxeon, Trina, and First Solar.
  • As of September 30, 2025, the company held $3,499.7 million in long-term borrowings and $2,428.2 million in short-term borrowings.
8 days ago
Canadian Solar Announces Proposed Offering of Convertible Senior Notes
CSIQ
Debt Issuance
New Projects/Investments
  • Canadian Solar Inc. announced a proposed private offering of US$200 million aggregate principal amount of convertible senior notes due 2031.
  • The company plans to use the net proceeds from the offering for investments in U.S. manufacturing capacity, the value chain supporting battery energy storage and solar power solutions, working capital, and general corporate purposes.
  • The notes will be senior unsecured obligations of the company and will mature on January 15, 2031, unless earlier repurchased, redeemed, or converted.
8 days ago
Canadian Solar Appoints New President and COO
CSIQ
Management Change
Board Change
Hiring
  • Canadian Solar Inc. has appointed Colin Parkin as President and a member of its Board of Directors, effective immediately.
  • Parkin, a 20-year veteran of Canadian Solar, succeeds Yan Zhuang on the Board and takes over the President role from Dr. Shawn Qu, who will continue as Chairman and CEO.
  • Additionally, Dylan Marx has been appointed Chief Operating Officer.
  • These leadership changes are intended to develop internal talent and maintain strong collaboration and execution across the company's global subsidiaries.
Dec 24, 2025, 12:00 PM
Recurrent Energy Secures Development Consent for Tillbridge Solar and Battery Storage Project
CSIQ
New Projects/Investments
  • Recurrent Energy, a subsidiary of Canadian Solar Inc., has been granted a Development Consent Order (DCO) for its Tillbridge solar and battery energy storage project in Lincolnshire, England.
  • The project will combine 800 MW of solar PV and 500 MW / 1,000 MWh of battery energy storage, positioning it to be one of the largest hybrid solar and storage facilities in the United Kingdom once operational.
  • This DCO represents a major milestone in Recurrent Energy's UK growth strategy and is expected to generate approximately 857.6 GWh of clean electricity annually, sufficient to power nearly 300,000 UK homes.
  • The project is also anticipated to create around 1,250 jobs during its construction phase.
Dec 2, 2025, 12:00 PM
Canadian Solar to Resume Direct Oversight of U.S. Manufacturing and Operations
CSIQ
New Projects/Investments
M&A
  • Canadian Solar Inc. (CSIQ) announced a strategic initiative to resume direct oversight of its U.S. operations and reshoring manufacturing to North America.
  • The company will form new joint ventures, including CS PowerTech, in which Canadian Solar will hold a 75.1% controlling stake for U.S.-based manufacturing and sales of solar modules, cells, and advanced energy storage systems.
  • Canadian Solar will acquire 75.1% ownership of certain overseas facilities that support U.S. operations from its majority-owned subsidiary, CSI Solar Co., Ltd., for approximately $50 million.
  • This initiative is a related-party transaction and remains subject to the Company's board approval and CSI Solar minority shareholder approval.
Dec 1, 2025, 12:10 PM