Canadian Solar Inc. (NASDAQ: CSIQ) today announced that its wholly owned subsidiary, Canadian Solar Solutions Inc. (CSSI), has entered into a sales agreement with TransCanada Corporation (NYSE: TRP) whereby TransCanada will acquire from Canadian Solar a 86 megawatts (MW) AC solar project portfolio for approximately $470 million Canadian dollars.
We alerted CSIQ at market open to our Twitter followers. CSIQ stock reached $3.12 as of 1 p.m. EST from the $2.75 – $2.78 entry on over 6fold 10day average volume.
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Canadian Solar Inc. (NASDAQ: CSIQ) is one of the world’s largest solar module producers. As a leading vertically integrated provider of ingots, wafers, solar cells, solar modules, solar power systems and specialized solar products, Canadian Solar delivers uncompromising value to its customers across the globe.