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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)
The following press releases and media reports about Chinese companies were carried on November 2-4. To view a full article or story, click on the link next to the headline.
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Qunar (Nasdaq: QUNR) Doubles In Debut As Chinese Stocks Make US Comeback (English article)
Lenovo (HKEx: 992) To Enter US Handset Market (English article)
China Construction Bank (HKEx: 939) Buys 76 Pct Of BicBanko For $720 Mln (HKEx announcement)
PPTV Won’t Enter Smart TV After Suning (Shenzhen: 002024) Investment – CEO (Chinese article)
Canadian Solar (Nasdaq: CSIQ) In 100MW Supply Deal With 3 Gorges New Energy (PRNewswire)
As the solar panel sector continues its painful overhaul, signals are emerging about who will survive the downturn and thrive when the industry returns to health. Canadian Solar (Nasdaq: CSIQ) certainly seems to be one of the strongest players coming out of the retrenchment, with word that the company has sold 4 more plants that it constructed to private buyers. Canadian Solar is quickly emerging as a strong executor of this particular strategy, which sees it construct power plants using its own solar cells and then eventually selling those plants to private sector buyers. Rival Suntech (NYSE: STP) also tried such a strategy, but poor execution made it backfire and dragged the company into bankruptcy. Read Full Post…
The following press releases and media reports about Chinese companies were carried on October 8. 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 October 7. To view a full article or story, click on the link next to the headline.
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Qingdao Haier (Shanghai: 600690), KKR Form Strategic Partnership (Businesswire)
Tencent (HKEx: 700) Says Is Part Of Consortium Seeking Banking License (HKEx announcement)
Chinese Game Developer Forgame (HKEx: 484) Surges In HK Trading Debut (English article)
Canadian Solar (Nasdaq: CSIQ) Sells 2 Solar Power Plants BlackRock-Managed Fund (PRNewswire)
Socialgist In Deal to Provide Social Data from Sina (Nasdaq: SINA) Weibo (PRNewswire)
Suntech, Canadian Solar feel new heat in sector overhaul
The latest news from Canadian Solar (Nasdaq: CSIQ) and Suntech (NYSE: STP) is casting a shadow over a nascent recovery for the embattled solar sector, as each company struggles to fix its broken finances pummeled by a two-year downturn. Canadian Solar has announced a plan to raise up to $50 million through a stock sale, while domestic media are reporting that bidding for bankrupt Suntech is moving ahead quickly, indicating the end may be near as an independent company for this former solar high-flyer. All this shows that investors shouldn’t get too bullish on solar companies just yet, even as Canadian Solar says it is still on target to post a profit for all of 2013. Read Full Post…
The following press releases and media reports about Chinese companies were carried on August 16. To view a full article or story, click on the link next to the headline.
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China Could Target Oil Firms, Telecoms, Banks In Price Probes: Report (English article)
I’m officially calling today “Solar Friday”, as we’re getting bombarded with a sudden flurry of news that shows the sector is rebounding and could also see its first major merger. In the former category, earnings updates from Yingli (NYSE: YGE) and Trina (NYSE: TSL) are showing steady improvement for the embattled panel-making sector, while a quarterly report from Canadian Solar (Nasdaq: CSIQ) is showing the sudden improvements may already be starting to plateau. In the latter category, Chinese media are reporting that both Yingli and Trina are also showing interest in investing in Suntech (NYSE: STP), the former solar panel pioneer that is now in bankruptcy reorganization. Read Full Post…
The following press releases and media reports about Chinese companies were carried on August 9. To view a full article or story, click on the link next to the headline.
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Trina (NYSE: TSL), Yingli (NYSE: YGE) Among Bidders For Suntech – Source (Chinese article)
Canadian Solar (Nasdaq: CSIQ) Reports Q2 Results (PRNewswire)
Tencent’s (HKEx: 700) 51Buy Adds Delivery Tracking Feature to Mobile App (English article)
The following press releases and media reports about Chinese companies were carried on August 6. To view a full article or story, click on the link next to the headline.
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Fonterra CEO Apologizes, Sees China Dairy Curbs Lifted Within Days (English article)
Tencent’s (HKEx: 700) WeChat v5.0 Adds Game Center, In-App Payment (English article)
Concord Green Energy to Buy 5 Solar Plants from Canadian Solar (Nasdaq: CSIQ) (PRNewswire)
Huawei To Open London Office To Manage Global Finances (English article)
More good news is coming from the battered solar panel sector, with mid-sized player ReneSola (NYSE: SOL) sharply boosting its revenue and margin forecasts for the current quarter in the latest sign of a sector rebound. ReneSola isn’t forecasting a return to profitability just yet, but the latest signs do seem to indicate the sector’s strongest players could return to the black by the end of this year if current trends continue. Some could also interpret this upbeat news as reflecting growing confidence that the EU and China could soon reach an important compromise that would prevent the former from imposing anti-dumping tariffs on Chinese solar panels. Read Full Post…
After months of heated rhetoric, the voice of reason is growing between Europe and China as they seek to end their dispute over Beijing’s state support for its solar panel sector. In the latest sign that a potential agreement to resolve the dispute could be near, Beijing has decided not to levy punitive tariffs against European polysilicon, the main ingredient used in making solar panels. (English article) Many had seen China’s launch of an anti-dumping investigation into European and US polycilicon imports last year as a retaliatory move for similar US and European investigations into Chinese solar panels. Read Full Post…
