CSIQ

[setravis]

Indie Research
Hedge Funds Ride the Chinese Solar Roller Coaster
Friday May 30, 10:27 am ET
By the tickerspy.com Staff


A handful of U.S.-listed stocks have combined two of the hottest investing trends over the last year or so: Chinese companies and solar energy. Wall Street has taken notice, and throughout 2007 and into 2008, Chinese solar stocks have turned up in more Pro portfolios.


Chinese solar stocks pulled back sharply in early 2008, as Chinese stocks in general fell out of favor and riskier names were vacated during the late winter market swoon. In recent months, shares have recovered as soaring oil prices imply pricing parity between solar energy and fossil fuels may come sooner than expected. In addition, Shares were buoyed by unexpectedly strong Q1 earnings reports from LDK Solar (NYSE: LDK - News), Canadian Solar (Nasdaq: CSIQ - News), and other names. Meanwhile, government subsidies for solar energy around the world seem likely to stay in place for at least the near term.

Several institutional investors have been riding the Chinese solar roller coaster, but none quite so much as WRA Investments, which counts five Chinese solar stocks among its top-fifteen, U.S-listed, equity holdings. In quarters past, it had been rare to see more than one Chinese solar stock among a Pro investor's top holdings. WRA was founded in 2003 by William R. Araskog, a former managing director with Lazard, who specialized in investment banking and sales and trading.

During the quarter, WRA upped its stakes in solar-cell makers Solarfun (Nasdaq: SOLF - News) and China Sunergy (Nasdaq: CSUN - News), solar wafer maker LDK Solar, and vertically integrated solar system maker Yingli Green Energy (NYSE: YGE - News), while slightly trimming its stake in JA Solar (Nasdaq: JASO - News). WRA'a largest holding at the end of Q1 was in slot machine maker International Game Technology (NYSE: IGT - News).

Among Pro investors, Suntech Power Holdings (NYSE: STP - News), which at six years old is considered ancient among Chinese solar firms, was the most popular Chinese solar company with 17 investment firms counting the stock among their top holdings. Suntech is also the most popular Chinese solar stock among tickerspy members, though JA and LDK are followed in large numbers as well. Among other Chinese solar names like Solarfun, China Sunergy, Yingli Green Energy, Trina Solar (NYSE: TSL - News), Canadian Solar, and recent IPO ReneSola (NYSE: SOL - News), Solarfun has the biggest following among tickerspy members.

Pro portfolio performance is based on institutions' top-15 holdings as disclosed in quarter-end filings with the SEC. Pro performance does not take into account additional holdings beyond the top 15 nor does it include positions that are not required to be disclosed by the SEC. As such, Pro portfolio performance should be considered an approximation and not a precise record of how an institution has performed over time.

Tap Into the Market Intelligence of Investment Pros & Individual Investors at tickerspy.com: Newly launched by Indie Research, tickerspy.com is a FREE financial website that lets you TRACK multiple stock portfolios, FIND and SHARE the latest news about the companies you follow, and SPY on the portfolios of nearly 2,000 Wall Street institutions and hedge funds and see graphs of their performance. Best of all, find out how YOU stack up against investing legends like Warren Buffett. Try tickerspy.com today!
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Price gap needs filling...
Rarely do growth fundamentals and technicals look so beautiful.

52wk Range: 6.50 - 48.91
Volume: 3,034,976
Avg Vol (3m): 2,643,650
Market Cap: 1.09B
P/E (ttm): 51.11
EPS (ttm): 0.78

Technicals
Close Above the 13-day MA

Last Price Quote is:
1.87%above 13-day MA
25.90%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $1,089.51 
P/E Ratio: 55.95 
PEG Ratio: 0.792727 
Next Earnings: 08/12/2008
Last Analyst Rating: Buy

[setravis]

JIANGSU, China, June 17, 2008 /Xinhua-PRNewswire via COMTEX/ -- Canadian Solar Inc. ("the Company'', ''CSI'' or ''we'') (CSIQ) today announced that it will increase its 2008 annual revenue and output guidance to reflect the sales of its e-Module products. These sales will be realized in H2 of this year.

The Company announced that it has commenced delivery of e-Modules to Pro Solar Solarstrom GmbH and Iliotec Solar GmbH of Germany. The companies signed annual supply agreements with CSI in early 2008. The total shipments to these two companies are estimated at 24.5 MW before the end of 2008. As of today, CSI's total committed sales of e-Modules in 2008 is 35 MW, with approximately another 20 MW of firm interest from additional customers.

The company is accordingly raising its annual guidance for 2008 from 200 - 220 MW to 230 - 260 MW in output and its estimated annual revenue from $650 - $750 million to $750 - $870 million. The company estimates that it will ship approximately 10 - 12 MW of e-Modules to USA and South Korea in 2008, thus making these two countries significant markets for CSI.

Based on robust market demand for our products, the Company plans to increase its annual ingot and wafer capacity from the previous target of 40 - 60 MW to 150 - 200 MW; to increase our internal cell capacity from the previous target of 250 MW to 400 MW and to increase module capacity to 800 MW. We expect to have the above new capacity fully commissioned at the beginning of 2009.

Dr. Shawn Qu, Chairman and CEO remarked: ''We were pleased by the demand for both our regular and e-Module products at the Intersolar Show in Munich, which was very strong for the second half of 2008 and even well into 2009. Our expected e-Module output for 2008 was sold out; we are pleased that e- Modules have been accepted by leading industry players such as Pro Solar and Iliotec. Since we have secured our supply of raw materials and are on track with our planned capacity ramp we are now comfortable in raising our guidance. Looking ahead, we are also seeing strong demand in 2009 for both our regular and e-Modules. To meet this demand the Board has authorized an increase in capital expenditures to accelerate our planned capacity ramp. This will position us well to deliver on our customers' volume requirements for 2009 and allows us to use the e-Module program to strategically develop PV markets both within and outside of Europe such as the US and South Korea.''

About Canadian Solar Inc. (CSIQ, Trade)

Founded in 2001, Canadian Solar Inc. (CSI) is a vertically integrated manufacturer of solar cell, solar module and custom-designed solar application products serving customers worldwide. CSI is incorporated in Canada and conducts all of its manufacturing operations in China. Backed by years of experience and knowledge in the solar power market and the silicon industry, CSI has become a major global provider of solar power products for a wide range of applications. For more information, please visit http://www.csisolar.com .

Safe Harbor/Forward-Looking Statements

Certain statements in this press release including statements regarding expected future financial and industry growth are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business and economic conditions and the state of the solar industry; governmental support for the deployment of solar power; future shortage or availability of the supply of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers, including customers of our silicon materials sales; changes in demand from major markets such as Germany; changes in customer order patterns; changes in product mix; capacity utilization; level of competition; pricing pressure and declines in average selling price; delays in new product introduction; continued success in technological innovations and delivery of products with the features customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange rate fluctuations; litigation and other risks as described in the Company's SEC filings, including its annual report on Form 20-F originally filed on May 29, 2007. Although the Company believes that the expectations reflected in the forward looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.


 
    For more information, please contact: 
    In Jiangsu, P.R. China 
     Alex Taylor, IR Director 
     Canadian Solar Inc. 
     Tel:   +86-512-6690-8088 
     Email: [email protected] 
    In the U.S. 
     Tyler Wilson 
     The Ruth Group 
     Tel:   +1-646-536-7018 
     Email: [email protected] 

SOURCE Canadian Solar Inc.



http://www.csisolar.com 

Copyright (C) 2008 PR Newswire. All rights reserved

[la-onda]

Canadian Solar raises 2Q revenue outlook to $210M-214M
Monday , July 14, 2008 08:41ET

NEW YORK, Jul 14, 2008 (Thomson Financial via COMTEX) -- Canadian Solar Inc. Monday raised its second-quarter revenue outlook to $210 million to $214 million from a previous range of $185 million to $190 million. The company also sees a gross profit of $33 million to $35 million in the quarter. The mean estimate of analysts polled by Thomson Reuters is for revenue of $187.7 million. The company said it was "on track" to meet or exceed its full-year revenue outlook of $750 million to $870 million. Wall Street is looking for earnings of $864.7 million for the year.
Shares of Canadian Solar closed Friday at $32.40. The stock has risen 199% over the past 52 weeks. Ryan Vlastelica rv/vj

[setravis]

Canadian Solar rallies on raised revenue outlook...
rallied 18.49% to $38.39 after it forecast second-quarter revenue of $210 to $214 million,
stronger than the estimate of $188 million in a survey of analysts by FactSet. The Jiangsu, China solar panel maker said it remains on track to meet or exceed its full-year revenue forecast of $750 to $870 million, based on solar module shipments of 230-260 megawatts.


The solar industry got burned recently, after Spain mulled whether to cap subsidies on solar installations, reducing payments based on where a panel was installed. If that policy is adopted, Canadian Solar, which realizes about 15% of its revenue from Spain, might fare worse than rivals with lower exposure to that country, such as First Solar (Nasdaq: FSLR). However, Suntech Power (NYSE: STP), the largest solar company in that country, would probably fare the worst; 34% of its revenue comes from the Iberian peninsula.

Still, investors remain bullish on Canadian Solar's prospects. It recently signed five deals in Italy and the Czech Republic

As we get closer to the November elections, look for solar stocks to do very well - especially as oil and gas prices continue to rise out of control. Everyone is clamoring for cheaper, cleaner energy and almost every solar company will profit from these demands

[la-onda]

what a joke.....

Canadian Solar files shelf for follow-on public offering of 3.5M shares
Monday , July 14, 2008 16:56ET

SAN FRANCISCO, Jul 15, 2008 (Thomson Financial via COMTEX) -- Canadian Solar Inc. said late Monday it filed a shelf registration statement with the U.S. Securities and Exchange Commission relating to a follow-on public offering of 3.5 million common shares.

The company expects to sell 3.5 million common shares in the offering, and has granted the underwriters an option to purchase up to 525,000 additional shares to cover any over-allotments.

The company plans to use the net proceeds of the offering for working capital, general corporate purposes and potential future acquisitions.

[setravis]

Near The Golden Cross.......