CSIQ - Why Canadian Solar Stock Is Shining Bright | Benzinga
Canadian Solar Inc. (NASDAQ:CSIQ) shares are trading higher Tuesday after its subsidiary, Recurrent Energy, announced that it has secured a $500 million investment from BlackRock.
The Details:
Canadian Solar’s Recurrent Energy subsidiary announced it has secured a $500 million preferred equity investment commitment, convertible into common equity, from BlackRock through a fund managed by its climate infrastructure business.
The $500 million investment will represent 20% of the outstanding fully diluted shares of Recurrent Energy on an as-converted ...