Canadian Solar, Inc.

Canadian Solar, Inc.

Canadian Solar, Inc.

Overview
Date Founded

2006

Headquarters

545 Speedvale Avenue West,Guelph, ON N1K 1E6

Type of Company

Public

Employees (Worldwide)

12.4K

Industries

Semiconductors
Alternative Energy
Restaurants
Industrial Machinery & Manufacturing
Power & Utilities
Appliances & Electronics
Electrical Products

Company Description

Canadian Solar, Inc. engages in the manufacture of solar photovoltaic modules and a provider of solar energy solutions. It operates through the Module and System Solutions (MSS), and Energy segments. The MSS segment involves in the design, development, manufacture, and sales of solar power products and solar system kits, and operation and maintenance services. The Energy segment comprises primarily of the development and sale of solar projects, operating solar power projects and the sale of electricity. The company was founded by Shawn Qu in October 2001 and is headquartered in Guelph, Canada.

Contact Data
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Executives & Employees

Founder

Co-Chief Executive Officer, Chief Commercial Officer & Senior Vice President

Senior Vice President & Chief Financial Officer

Senior Vice President & Chief Operations Officer

Chief Compliance Officer, Senior Vice President & General Counsel

Senior Vice President & Chief Technology Officer

Managing Director, Investor Relations

Corporate Vice President & President, Energy Group

General Manager, South America

General Manager EMEA

Board of Directors

Founder at Canadian Solar, Inc.

Former Chief Financial Officer at Beijing Radio Cultural Transmission Co., Ltd.

Former Partner at McMillan LLP

Former Co-President & Chief Executive Officer at Ivanhoe Mines Ltd.

Founder at Templeton & Phillips Capital Management LLC

Director at Briscoe Wind Farm LLC

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Owners & Shareholders
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Lion Point Capital manages the assets of Lion Point International Ltd. (the \"Offshore Fund\") and Lion Point Associates LP (the \"Onshore Fund\") in a master-feeder structure. The Offshore Fund invests its assets primarily in Lion Point Mini Master LP (the \"Mini Master Fund\"), which, in turn, invests its assets primarily in Lion Point Master LP (the \"Master Fund\"). The Onshore Fund invests its assets primarily in the Master Fund. In managing the Funds, Lion Point employs a global special situations investment approach that applies a value-oriented investment philosophy to event driven and activist situations across the capital structure. Lion Point generally trades or invests in a wide variety of financial instruments, including, without limitation, stocks, bonds, bank loans, swaps, credit default swaps, options, futures, forwards, swaptions, private equity, and correlation products. The firm's trading mandates are extremely broad, and encompass virtually every type of asset,

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Electron Capital Partners manages a long/short utilities and infrastructure fund. The fund invests globally with a focus on: (1) engineering & construction (2) capital goods and related industrials (3) oil services (4) infrastructure (roads, ports, utilities) and (5) oil & gas. Other regional coverage includes Russian utilities, oil & gas and infrastructure and Australian utilities, oil & gas and infrastructure.

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Hussman Strategic Advisors (HSA) seeks to identify stocks with favorable valuations and/or market action. The firm's primary valuation consideration is the relationship between current price and the present value of expected future cash flows. They also consider other valuation measures such as p/e ratio and price/revenue ratios to measure underlying value and the probability of long-term returns. HEA's analysis of market action includes measurements of price behavior and unusual trading volume.The Hussman Funds are diversified, no-load mutual funds that seek long-term investment returns with emphasis on capital protection in unfavorable market conditions. The Funds vary their exposure to market fluctuations, from neutral to aggressive, based on HSA's identification of the return/risk characteristics of each market climate.The Hussman Strategic Growth Fund invests primarily in U.S. stocks, with the objective of long-term capital appreciation, and places added emphasis on defending capital during unfavorable market conditions.The Hussman Strategic Total Return Fund invests primarily in U.S. Treasury and government agency securities with the objective of long-term total return, and has the ability to take a limited exposure in foreign government bonds, utility stocks, and precious metals shares.The Hussman Strategic International Fund invests primarily in equity securities of non-U.S. issuers with the objective of long-term total return with added emphasis on the protection of capital during unfavorable market conditions.The Hussman Strategic Dividend Value Fund invests primarily in dividend-paying equity securities with the objective of long-term total return through a combination of dividend income and capital appreciation, with added emphasis on the protection of capital during unfavorable market conditions.HSA's fixed-income strategy is based on the idea that risk/return characteristics in the fixed-income market vary significantly across market conditions. Like their equity approach, the firm's fixed-income approach focuses on valuation and market action. They seek to identify bonds with long-term with yields that appear reasonable in relation to inflation, short-term interest rates, economic growth and the yields available on competing assets such as utility stocks and foreign bonds. Their consideration of market action seeks to assess the economic outlook of investors, their willingness to accept market risk and considers the behavior of a wide range of yields and prices.

Recent Transactions
Details Hidden

BlackRock, Inc., BlackRock México Operadora SA de CV SOFI purchase Canadian Solar, Inc. /Aguascalientes Solar Project from Canadian Solar, Inc.

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The Goldman Sachs Group, Inc., Goldman Sachs Renewable Power LLC purchase Recurrent Energy, Inc. /Mustang Project from Canadian Solar, Inc.

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Pensionskassernes Administration A/S purchases Canadian Solar, Inc. /2 Solar Projetcs from Canadian Solar, Inc.

Transaction Advisors
Auditor

Advised onCanadian Solar, Inc. issued Common Stock

Legal Advisor

Advised onCanadian Solar, Inc. issued Common Stock

Underwriter

Advised onCanadian Solar, Inc. issued Common Stock

Legal Advisor

Advised onCanadian Solar, Inc. issued Common Stock

Legal Advisor

Advised onCanadian Solar, Inc. issued Common Stock

Legal Advisor

Advised onCanadian Solar, Inc. purchases Recurrent Energy, Inc. from Sharp Corporation

Advisors & Consultants
Legal Advisor

Partner at Davis Polk & Wardwell LLP

Advisor

Chief Financial Officer at Corsair Components, Inc.

Advisor

Former Chief Financial Officer & Secretary at Canadian Solar, Inc.

Clients

BlackRock is trusted to manage more money than any other investment firm. Their business is investing on behalf of their clients — from large institutions to parents and grandparents, teachers, nurses, doctors and people from all walks of life who entrust their savings to them. They are passionate about their work and intensely focused on performing at the highest levels. To get there, they strive to out-think and out-work competitors and find the best balance of risk and return across all investment styles on behalf of their clients.

Tesla, Inc. engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The company operates through Automotive, and Energy Generation and Storage segments. The Automotive segment includes the design, development, manufacture and sale of electric vehicles. The Energy Generation and Storage segment includes the design, manufacture, installation, sale, and lease of stationary energy storage products and solar energy systems, and sale of electricity generated by its solar energy systems to customers. It develops energy storage products for use in homes, commercial facilities and utility sites. The company was founded by Jeffrey B. Straubel, Elon Reeve Musk, Martin Eberhard, and Marc Tarpenning on July 1, 2003 and is headquartered in Palo Alto, CA.

PepsiCo, Inc. engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; North America Beverages; Latin America; Europe Sub-Saharan Africa; and Asia, Middle East, and North Africa. The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay's, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands. The Quaker Foods North America segment includes cereals, rice, and pasta under the Quaker, Aunt Jemima, Quaker Chewy, Cap'n Crunch, Life, and Rice-A-Roni brands. The North America Beverages segment consists of beverage concentrates, fountain syrups, and finished goods under various beverage brands such as Pepsi, Gatorade, Mountain Dew, Diet Pepsi, Aquafina, Diet Mountain Dew, Tropicana Pure Premium, Sierra Mist, and Mug. The Latin America segment covers beverage, food, and snack businesses in Latin America region. The Europe Sub-Saharan Africa segment comprises of beverage, food, and snack goods in Europe and Sub-Saharan Africa regions. The Asia, Middle East, and North Africa segment offers snack food products under the Lay's, Kurkure, Chipsy, Doritos, Cheetos, and Crunchy brands. The company was founded by Donald M. Kendall, Sr. and Herman W. Lay in 1965 and is headquartered in Purchase, NY.

Key Stats and Financials As of 2018
Market Capitalization
$1.34B
Total Enterprise Value
$2.28B
Earnings Per Share
$4.02
Revenue
$3.74B
Net Profit
$237M
EBITDA
$449M
EBITDAMargin
12%
Total Debt
$2.26B
Total Equity
$1.27B
Enterprise Value Sales
0.61x
Enterprise Value EBITDAOperating
5.07x
TEVNet Income
9.61x
Debt TEV
0.99x
Three Year Compounded Annual Growth Rate Of Revenue
4.37%
Five Year Compounded Annual Growth Rate Of Revenue
19.49%
Non-Profit Donations & Grants
Investments
Details Hidden

SunTap Energy Re LLC develops and invests in solar power projects. It invests in solar photovoltaic facilities, including a portfolio of facilities serving the Sacramento Municipal Utility District. The company is headquartered in San Francisco, CA.

Investors
Details Hidden

Managing Director at JEN Partners LLC

Suppliers
GCL-Poly Energy Holdings Ltd. Alternative Energy

GCL-Poly Energy Holdings Limited(“GCL-Poly”, a constituent of Hang Seng Composite Index, stock code: 3800.HK) is one of the world’s largest solar photovoltaic enterprises. GCL is dedicated to promoting the extensive application of solar power in the world. After years of expansion and development, GCL has become the world’s leading supplier of PV materials and the expert to provide the most professional PV system solutions. GCL also possesses several large-scale solar farms globally and abundant experience in the operation and management of solar farms. GCL-Poly ramped up its annual polysilicon production capacity to 65,000MT and its wafer production capacity to 8GW as at the end of 2011. As for the PV power station business, the Group owns PV power stations already constructed and to be developed in the U.S., South Africa and China, with aggregated capacity of over 2GW. As for the solar system integration business, the Group provides PV power station investors with one-stop solar system solutions covering project development, design, procurement, construction, financing and operation

METKA Industrial-Construction SA Building Products & Construction Materials | Athens, GH

METKA Industrial-Construction SA engages in engineering-procurement-construction business in the field of energy, infrastructure, and defense. It specializes in large-scale turn-key projects which include bridges, athletics facilities, port equipment, mining, industrial and petrochemical facilities. It operates through the following segments: Greece, Syria, the United States, Iraq, Ghana, the United Kingdom, Algeria, Turkey, and Other Countries. The company was founded in 1962 and is headquartered in Athens, Greece.

Inventec Corp. Computer Software | Taipei, TP

Inventec Corp. engages in the manufacture of electronic products. It offers computers, cellphones, tablets, notebooks, computer peripherals, personal digital products, thin clients, mobile devices, multimedia audio products, servers, switch and data storage equipment, electronic dictionaries, and translation software. It also provides cloud software and services, enterprise system solutions, and renewable energy products. The company was founded on June 9, 1975 and is headquartered in Taipei, Taiwan.

Competitors
SunPower Corp. Semiconductors - San Jose, California

Since 1985 SunPower has been leading global solar innovation. SunPower® solar panels consistently deliver more energy and long-term peace of mind with the highest performing solar power systems available. SunPower is the solar energy choice of more homeowners and businesses around the world.

First Solar, Inc. Semiconductors - Tempe, Arizona

Founded in 1999, First Solar has become the world’s premier provider of fully integrated solar solutions, creating value-driven renewable energy projects that represent the leading edge of utility-scale solar technology and innovation. Having constructed and commissioned many of the world’s largest, state-of-the-art photovoltaic (PV) power plants in operation today, First Solar has established a portfolio of customers that include some of the world’s most sophisticated energy buyers. Our full service approach ensures the successful delivery of clean, affordable solar power—and spans the entire value chain, including module manufacturing; project development; engineering, procurement, and construction (EPC); financing; and operations and maintenance (O&M).

Jinkosolar Holding Co., Ltd. Semiconductors - Shangrao, JX

JinkoSolar Holding Co., Ltd. engages in the design, development, production and marketing of photovoltaic products, and solar system integration services. It focuses on vertically integrated solar power products manufacturing business from silicon ingots, wafers, and cells to solar modules. The company was founded by Xiande Li, Kangping Chen, and Xianhua Li on August 3, 2007 and is headquartered in Shangrao, China.

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