Canadian Solar Launches New Global O&M Unit

Cornelia Mascio
Marzo 15, 2018

Several institutional investors and hedge funds have recently bought and sold shares of the company. Global X MANAGEMENT CO LLC now owns 41,031 shares of the solar energy provider's stock worth $691,000 after buying an additional 3,550 shares during the last quarter. "We expect further cooperation with Canadian Solar and are also pleased to be working with an industry-leading developer like Recurrent Energy as we grow our presence in the attractive USA solar market". Millennium Management LLC grew its position in shares of Canadian Solar by 4,641.5% during the 4th quarter.

Shares of Canadian Solar (NASDAQ:CSIQ) opened at $16.13 on Tuesday. Two Sigma Advisers LP now owns 22,902 shares of the solar energy provider's stock worth $386,000 after buying an additional 7,800 shares in the last quarter. Canadian Solar has a 52 week low of $10.86 and a 52 week high of $19.09. Finally, Columbus Circle Investors boosted its stake in shares of Canadian Solar by 292.7% in the 3rd quarter. The company has a market capitalization of $939.07, a P/E ratio of 41.51, a price-to-earnings-growth ratio of 0.34 and a beta of 2.60. Deutsche Bank AG now owns 339,155 shares of the solar energy provider's stock worth $5,717,000 after buying an additional 49,440 shares in the last quarter. "(CSIQ) Receives $18.81 Consensus PT from Brokerages" was originally reported by Week Herald and is the property of of Week Herald. If you are reading this piece on another publication, it was copied illegally and republished in violation of United States & worldwide copyright and trademark laws. In fact, only a day before this announcement Canadian Solar announced that it will be opening a new arm to provide operations and maintenance services - with expertise no doubt developed from servicing its own assets. Its segments include module segment, energy development segment and electricity generation segment.

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