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Tag Archives: Canadian Solar
Canadian Solar latest Business & Financial news from Doug Young, the Expert on Chinese High Tech Market, (former Journalist and Chief editor at Reuters)
New signals from Beijing hint at a problem I’ve talked about for the last 2 months as China embarks on a major solar energy program, namely that many new plants being built could become useless white elephants. Potential for such a problem is very real, and could end up not only costing enthusiastic builders of new power plants billions of dollars in wasted funds, but could also leave solar panel makers themselves with huge amounts of unpaid bills. Meantime, the latest signals from Suntech (NYSE: STPFQ) and LDK (NYSE: LDK) indicate these 2 former giants are nearing the end of their lives, as each looks set to disappear in an ongoing industry consolidation. Read Full Post…
A couple of year-end announcements from solar majors Trina (NYSE: TSL) and ReneSola (NYSE: SOL) are pointing to a coming flood of new orders for the entire solar panel sector next year, fueled by huge new demand from their home China market. I fully expect we’ll see a steady stream of similar announcements throughout next year and even into 2015, providing a flow of good news for rebounding solar stocks after a 3-year sector downturn. But amid the bright news, potential downside lurks in the risk that payments for some of these mega-orders could be slow to come, as many solar plant operators are big state-owned entities that may lack the funds and skills to pay for and operate all of their ambitious new projects. Read Full Post…
The following press releases and media reports about Chinese companies were carried on December 23. To view a full article or story, click on the link next to the headline.
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China Telecom (HKEx: 728) To Save 3.14 Bln Yuan After Cut In Fees (English article)
The year 2013 will go down as a major turning point for China’s solar panel makers, with some names emerging as new sector leaders after a prolonged downturn while others quietly disappeared. The latter category saw former leader Suntech (OTC: STPFQ) go bankrupt and LDK (NYSE: LDK) quietly sell off many of its assets, while the former category has seen Canadian Solar (Nasdaq: CSIQ) and Shunfeng (HKEx: 1165) emerge as names to watch in the future. Canadian Solar in particular has been coming back strong in the second half of this year with a steady stream of good news, including its latest mega-deal to sell panels in China. Read Full Post…
The following press releases and media reports about Chinese companies were carried on December 13. To view a full article or story, click on the link next to the headline.
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The following press releases and media reports about Chinese companies were carried on December 13. To view a full article or story, click on the link next to the headline.
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China Everbright Bank To Launch $2.8 Bln Hong Kong IPO On Tuesday (English article)
Alibaba Invests $361 Mln In Haier’s (HKEx: 1169) “Big Goods” Logistics (English article)
Canadian Solar (Nasdaq: CSIQ) Signs Loan Agreement For Solar Projects In Japan (PRNewswire)
I thought I’d get into the Christmas spirit in this first work day after Thanksgiving in the US, so let’s take a look at what solar panel makers LDK (NYSE: LDK) and Trina (NYSE: TSL) are getting in their holiday stockings with the latest company news reports. It seems the struggling LDK won’t be getting much, with word that a Chinese court has added further delays to a case where it is owed $40 million in a business dispute with rival Canadian Solar (Nasdaq: CSIQ). The news looks a bit better for Trina, whose Christmas stocking is filled with another smaller solar company that it is acquiring as the industry consolidates. Read Full Post…
I haven’t written about LDK Solar (NYSE: LDK) for a while, so it seems like the release of its latest quarterly results might be a good chance for a final look before the lights go off permanently at this struggling solar panel maker. Somewhat appropriately, LDK announced its results on the same day it also said it continues to negotiate with international investors who are still waiting for an overdue payment on their bonds. (company announcement) The bondholders have just agreed to extend their talks for another 2 weeks, but there’s always the very real danger that they could force LDK into bankruptcy when this new deadline expires on December 10. Read Full Post…
More good news is coming for the rebounding solar sector with word that Beijing is accelerating its build-up of solar power plants in a bid to help the industry and also improve China’s dismal air quality. But that news is coming too late for rapidly disappearing sector pioneer Suntech (NYSE: STP), which has just announced it has formally launched a liquidation process that will end its life as an independent company. Suntech’s downbeat news isn’t really unexpected, and comes amid a much broader flurry of positive signs for a solar panel sector that is finally emerging from a downturn that has lasted nearly 3 years. Read Full Post…
Spring is most definitely in the air this week for embattled solar panel makers, with Canadian Solar (Nasdaq: CSIQ) and Shunfeng Photovoltaic (HKEx: 1165) emerging as new sector leaders with different pieces of upbeat news. From my perspective the Canadian Solar news is the most exciting, even though some may say it doesn’t come as a big surprise. The company announced it will post a net profit for the third quarter, becoming the first major solar firm to return to the black after 2 years of losses. Meantime, Shunfeng has announced details of its highly anticipated deal to buy the main assets of bankrupt former solar pioneer Suntech (NYSE: STP), marking a major step forward in the industry’s restructuring. Read Full Post…
The following press releases and media reports about Chinese companies were carried on November 5. To view a full article or story, click on the link next to the headline.
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Alipay Restructures, Nearly 20,000 Employees Become Stakeholders (Chinese article)
Canadian Solar (Nasdaq: CSIQ) Announces Selective Preliminary Q3 Results (PRNewswire)
People’s Daily’s Jike Search Engine In Process Of Disappearing (Chinese article)
Mindray (NYSE: MR) Announces Up To $200 Mln Share Repurchase Program (PRNewswire)
AFM: China’s Top Industry Players to Descend on Hollywood (English article)
