TAN - Canadian Solar: Underappreciated Solar Opportunity?
- Canadian Solar’s Q4 2021 report showed a company with lots of good news; 52% increase in revenue in 2021; 14.5 GW solar modules shipped in 2021; 896 MWh battery storage shipped.
- Canadian Solar’s battery business has 100% annual growth and an announcement is expected soon on CSIQ’s own battery products. Battery business to be split between CSIQ and CSI Solar.
- Canadian Solar’s Chinese spinout IPO on the Shanghai Stock Exchange is expected to unlock value and expand Chinese business opportunities. CSIQ to retain ~64% of CSI Solar spinout.
- Canadian Solar is a top 5 global solar module manufacturer with rapidly growing battery business. It is worth a look.
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Canadian Solar: Underappreciated Solar Opportunity?