Canadian Solar rises after $200 mln convertible debt sale

Canadian Solar

09/01/2026 11:57

** Renewable energy firm Canadian Solar CSIQ.O shares up 3.7% to $20.10 before the bell after capital raise

    ** CSIQ early Fri announced pricing p
    rivate offering of $200 mln 3.25% 5-yr convertible bonds

    ** Initial conversion price of $27.63 represents 42.5% premium to stock's last close of $19.39

    ** CSIQ shares slid 12% on Thurs to over two-month low after co unveiled the offering late Weds

    ** Co says plans to use net offering proceeds for investments in U.S. manufacturing capacity, and in the value chain supporting battery energy storage and solar power solutions, among other purposes

** Through Thurs, shares down 18% to begin 2026 but up about 50% over the past 12 months

    ** Of 12 analysts, recommendation breakdown on the stock is 3 "strong buy" or "buy", 4 "hold" and 5 "sell" or "strong sell"; median PT $20, per LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))