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CSIQ

Canadian Solar

$16.62

-0.21 (-1.25%)

07:03
07/18/17
07/18
07:03
07/18/17
07:03

Canadian Solar energizes 52.5 MWp of solar power plants in Japan

Canadian Solar announced that it started commercial operation of 52.5 MWp of solar photovoltaic power plants in Japan in the first half of 2017. The 52.5 MWp of plants include the 47.7 MWp Mashiki plant, the 2.4 MWp Yamagata Asahimachi plant, the 1.3 MWp Shizuoka Tashiro plant and the 1.1 MWp Saitama Shiroishi plant. The Mashiki plant achieved commercial operation in June 2017. Powered by Canadian Solar's high-efficiency MaxPower modules, the plant is expected to generate approximately 57,000 MWh of clean, solar electricity per year, which will be purchased by Kyushu Electric Power Co., Inc. under a 20-year feed-in-tariff contract at the rate of JPY36.0 ($0.32) per kWh. The Yamagata Asahimachi, Shizuoka Tashiro and Saitama Shiroishi plants were connected to the grid in March 2017. Powered by Canadian Solar's high-efficiency MaxPower modules, these plants are expected to generate around 5,429 MWh of clean, solar electricity per year, which will be purchased under a 20-year feed-in-tariff contract at the rate of JPY32.0 ($0.28), JPY36.0 ($0.32) and JPY27.0 ($0.24) per kWh respectively.

CSIQ Canadian Solar
$16.62

-0.21 (-1.25%)

04/17/17
04/17/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. ProPetro Holding (PUMP) initiated with a Buy at Tudor Pickering. 2. Canadian Solar (CSIQ) initiated with a Buy at Axiom. 3. Bright Horizons (BFAM) assumed with an Outperform at Credit Suisse. 4. Sientra (SIEN) initiated with a Buy at Lake Street. 5. Himax (HIMX) initiated with an Outperform at Macquarie. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/17/17
AXIO
04/17/17
INITIATION
Target $18
AXIO
Buy
Canadian Solar rises after Axiom starts with a Buy
Shares of Canadian Solar (CSIQ) are higher in early trading after Axiom analyst Gordon Johnson initiated the stock with a Buy rating and an $18 price target, as previously reported by The Fly. Johnson sees Canadian Solar as having a unique level of "sellable, in-the-money," U.S., Chinese, and Japanese solar assets, leaving it positioned similarly to how First Solar (FSLR) and SunPower (SPWR) were in mid 2012 when those two had the same type of unique positioning relative to solar industry peers. From late June 2012 to the end of 2015, shares of First Solar and SunPower advanced 526% and 338%, respectively, far outpacing the gains of their industry peers, said Johnson, who now sees a similar set-up for Canadian Solar. In early trading, Canadian Solar shares have risen 63c, or about 5%, to $13.35.
04/18/17
OPCO
04/18/17
NO CHANGE
Target $31
OPCO
Outperform
Oppenheimer remains a buyer of Canadian Solar
Oppenheimer analyst Colin Rusch believes Canadian Solar is executing well utilizing a balanced approach and appears to be taking a defensive posture on market share and its cost/pricing position to survive. The analyst has been encouraged by recent project sale announcements and continues to believe shares are undervalued given the company's attractive project portfolio. Rusch would remain a buyer at current levels, noting that he sees the possibility for the company to enjoy significant deleveraging as it liquidates project assets. He reiterates an Outperform rating and $31 price target on the shares.
04/18/17
OTRG
04/18/17
NO CHANGE
OTRG
Solar PV Manufacturers downgraded to Negative from Mixed at OTR Global
OTR Global view on crystalline PV producers in the solar integrator market was downgraded to Negative from Mixed following checks that indicate global crystalline PV prices fell in Q1 and inventories increased. Further 2017 Chinese installations are expected at 27-28GW, below 34.21 GW in 2016.

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SCSS

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MOBL

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HCSG

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MOBL

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CHEF

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SCSS

Select Comfort

$30.38

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LRCX

Lam Research

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SCSS

Select Comfort

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HCSG

Healthcare Services

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CP

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