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Canadian Solar Subsidiary Recurrent Energy Completes Sale of Mustang Solar Project to Goldman Sachs
Last canadian solar inc. - common shares earnings: 3/26 06:00 am
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US:NASDAQ Investor Relations: investors.canadiansolar.com
GUELPH, Ontario, May 16, 2019 /PRNewswire/ -- Canadian Solar Inc. (the "Company", or "Canadian Solar") (NASDAQ: CSIQ), one of the world's largest solar power companies, today announced its wholly owned subsidiary Recurrent Energy, LLC ("Recurrent Energy") has sold its equity stake in the 134 MWp/100 MWac Mustang solar project to the Renewable Power Group of Goldman Sachs Asset Management, L.P. ("Goldman Sachs"). This transaction completes Recurrent Energy's sale of equity stakes in the 973 MWp portfolio of California solar projects that came online in 2016. The Company expects to recognize the sales revenue from Mustang in the second quarter of 2019.Community choice aggregators (CCAs) Sonoma Clean Power and MCE (formerly Marin Clean Energy) are the purchasers of the electricity from the Mustang project under long-term power purchase agreements. Mustang became the first utility-scale solar project fully contracted with CCAs to obtain non-recourse financing in October 2015. Today, Recur
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- Canadian Solar Inc. (NASDAQ: CSIQ) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.[MarketBeat]
- Canadian Solar Inc. (NASDAQ: CSIQ) was downgraded by analysts at The Goldman Sachs Group, Inc. from a "neutral" rating to a "sell" rating. They now have a $11.00 price target on the stock, down previously from $14.00.[MarketBeat]
- Canadian Solar to Supply 315 MWh Battery Energy Storage in Texas [Yahoo! Finance][Yahoo! Finance]
- Canadian Solar Inc. (NASDAQ: CSIQ) is now covered by analysts at Mizuho. They set an "outperform" rating and a $20.00 price target on the stock.[MarketBeat]
- Canadian Solar to Deliver 315 MWh DC of Battery Energy Storage Solutions and up to 2 GWp of Solar Modules to Sunraycer Projects in Texas [Yahoo! Finance][Yahoo! Finance]
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SEC Filings
- 12/16/24 - Form 144
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