CANADIAN SOLAR INC.

(CSIQ)
  Report
Delayed Nasdaq  -  04:00 2022-08-10 pm EDT
41.92 USD   +5.19%
08/10Canadian Solar Says CSI Solar's Unit to Build Polysilicon Facility in China
MT
08/10CANADIAN SOLAR : Subsidiary CSI Solar Plans to Build Approximately 50,000 Tons of High-Purity Polysilicon of Annual Capacity in Qinghai, China - Form 6-K
PU
08/10Canadian Solar's Subsidiary CSI Solar Plans to Build Approximately 50,000 Tons of High-Purity Polysilicon of Annual Capacity in Qinghai, China
PR
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

U.S. to lift tariffs on Canadian solar products, minister says

07/07/2022 | 11:34am EDT
FILE PHOTO: Canada's Minister of International Trade Ng speaks on Parliament Hill in Ottawa

OTTAWA (Reuters) - The United States has agreed to lift tariffs on Canadian solar products after a trade dispute settlement panel sided with Ottawa earlier this year, Canadian Trade Minister Mary Ng said on Thursday.

Canada, arguing that the tariffs violated the terms of the U.S.-Mexico-Canada Agreement (USMCA), had sought the assistance of a dispute settlement panel last year.

In February, Canada said the panel had confirmed that the tariffs were "unjustified and in violation" of the trade pact. The United States, too, said it had prevailed on some aspects of the panel's decision.

Washington and Ottawa have been engaged in talks to resolve the dispute since then.

"Today, I welcomed the agreement reached with the United States to remove the U.S. safeguard tariffs on solar products from Canada," Ng said in a statement.

Ng said the U.S. and Canada "shared goals and commitments to fight climate change" and that the removal of tariffs would "bring stability and predictability to our renewable energy sector and strengthen North American competitiveness."

Canadian Prime Minister Justin Trudeau's government has made tackling climate change one of its top priorities and has pledged net-zero carbon emissions by 2050.

Former U.S. President Donald Trump first imposed the "Section 201" safeguard tariffs on imported solar panels and cells in January 2018, but did not exempt Canada and Mexico from the duties. The terms of the USMCA eliminate most tariffs among the North American partners.

U.S. President Joe Biden extended the tariffs for another four years in February, but in a major concession to installers he eased the terms to exclude a panel technology dominant among big U.S. projects.

(Reporting by Ismail Shakil in Ottawa; Editing by Tim Ahmann and Bernadette Baum)


© Reuters 2022
All news about CANADIAN SOLAR INC.
08/10Canadian Solar Says CSI Solar's Unit to Build Polysilicon Facility in China
MT
08/10CANADIAN SOLAR : Subsidiary CSI Solar Plans to Build Approximately 50,000 Tons of High-Pur..
PU
08/10Canadian Solar's Subsidiary CSI Solar Plans to Build Approximately 50,000 Tons of High-..
PR
08/08JPMorgan Chase Increases Canadian Solar's Price Target to $42 From $38, Maintains Neutr..
MT
08/01Canadian Solar Inc. Completes its Continuance from the Jurisdiction of British Columbia..
PR
07/28Canadian Solar Schedules Second Quarter 2022 Earnings Conference Call for August 18
PR
07/26Canadian Solar Infrastructure Ups Half-year Earnings and Revenue Forecast
MT
07/25Canadian Solar Completes Sale of Solar, Battery Energy Storage Portfolio in the UK
MT
07/25Canadian Solar and Gresham House announce transaction for a renewables and battery ener..
PR
07/25Gresham House plc acquired Two solar projects in UK from Canadian Solar Inc..
CI
More news
Analyst Recommendations on CANADIAN SOLAR INC.
More recommendations
Financials (USD)
Sales 2022 7 249 M - -
Net income 2022 181 M - -
Net Debt 2022 1 926 M - -
P/E ratio 2022 15,7x
Yield 2022 -
Capitalization 2 694 M 2 694 M -
EV / Sales 2022 0,64x
EV / Sales 2023 0,56x
Nbr of Employees 13 535
Free-Float 78,6%
Chart CANADIAN SOLAR INC.
Duration : Period :
Canadian Solar Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CANADIAN SOLAR INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 41,92 $
Average target price 43,57 $
Spread / Average Target 3,94%
EPS Revisions
Managers and Directors
Shawn Qu Chairman & Chief Executive Officer
Hui Feng Chang Chief Financial Officer, Director & Senior VP
Jian Yi Zhang Chief Compliance Officer, SVP & General Counsel
Harry E. Ruda Independent Director
Luen Cheung Wong Independent Director
Sector and Competitors