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CSIQ Update: Strategic Review Concludes with Edge-Anticipated Chinese Listing
In January 2020, we highlighted Canadian Solar, Inc.’s (CSIQ) strategic review for the split between its solar panel manufacturing and energy services segments, and our belief in further value in listing the former in China. As of July 27, the company has concluded this strategic review with an IPO of the MSS segment on the Chinese markets. Our previous valuation anticipated a Spinoff of MSS, so we have updated it to reflect the new strategy.

  • CSIQ Strategic Review Concluded July 27 / IPO of MSS Segment on Chinese Markets
  • Chinese Solar Manufacturing Peers Command Higher Multiples than US Peers
  • Prior Failed Attempts at a Spinoff & Going Private / Value Investor Brought on to Help Strategic Review
  • Q1FY20 Earnings Outperformed / Next Earnings Report Scheduled for August 7
  • Valuation Updated / CSIQ is a Current Model Portfolio Holding
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