Canadian Solar Inc. (NASDAQ:CSIQ) moves up smartly


The share prices of Canadian Solar Inc. (NASDAQ:CSIQ) gained 10.89 percent to currently trade at $11.20 per share on its Thursday’s trading session. The shares of the company had been trading with intraday prices that ranged from $10.20 to $11.34 per during the day. The shares Canadian Solar Inc. (NASDAQ:CSIQ) had a market capitalization of $483.34 million. The stock opened at $10.23 per share. The stock hit its 52-week high in its current trading session of $11.34 per share; the 52-week low of the stock is $1.95.

This company that develops, designs, for variety of uses solar module products that change sunlight into electricity.  The company is involved in developing varied and wide range of standard solar modules which had been built to general specifications and thereby find applications for solar power generation systems of residential, commercial and industrial consumers. Based on its customer’s requirements the company produces and develops solar modules. By using CanadianSolar brand name the company sells its products.

The company manufactures their products to customers under their brand names. Solar power plant such as Stonepeak Infrastructure Partners was sold by the company on August 2012.  Solar home systems and solar-powered car battery chargers are special products and products such as solar-powered bus stop lighting this develops their own products and also a customized solar modules.

This company joined with Samsung Renewable Energy was planned to open a new manufacturing facility in London, Ontario. 200 local manufacturing jobs were brought by this plant in London by the end 2013. PV Modules and Medium Voltage Power Stations will be produced by this facility. The company had an institutional investor’s shareholdings as 15 percent. Canadian Solar Inc. (NASDAQ:CSIQ) has been having a trading volume of 1.38 million. The company presently holds 43.16 million shares outstanding in the market.