Canadian Solar Yieldco Plans Waver, Stock Plunges

By | August 19, 2015

Scalper1 News

Canadian Solar (CSIQ) stock plunged 18% Wednesday after the solar panel maker revealed late Tuesday that market “volatility” might force the company to abandon its yieldco spinoff plans. The company also guided down for Q3, citing resources that may need to be held back should the yieldco ultimately launch. The yieldco is on track for late 2015 or early 2016, CEO Shawn Qu said during the Q2 earnings conference call. If its yieldco advances, Scalper1 News

Scalper1 News