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Canadian Solar

#6281

Rank

$649.84M

Marketcap

CA Canada

Country

Canadian Solar
Leadership team

Dr. Xiaohua Qu (Chairman, Pres & CEO)

Dr. Huifeng Chang (Sr. VP, CFO & Director)

Dr. Guoqiang Xing (Sr. VP & CTO)

Products/ Services
Energy, Industrial, Manufacturing, Solar
Number of Employees
1,000 - 20,000
Headquarters
Guelph, Ontario, Canada
Established
2001
Company Registration
SEC CIK number: 0001375877
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
CSIQ
Social Media
Overview
Location
Summary
Canadian Solar Inc., together with its subsidiaries, designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power and battery storage products in Asia, the Americas, Europe, and internationally. The company operates through two segments, Canadian Solar Inc. (CSI) Solar and Global Energy. The CSI Solar segment offers standard solar modules and battery storage solutions, as well as solar system kits that are a ready-to-install packages comprising inverters, racking systems, and other accessories; and engineering, procurement, and construction (EPC) services. The Global Energy segment engages in the development, construction, maintenance, and sale of solar and battery storage projects; operation of solar power plants; and sale of electricity. This segment also provides operation and maintenance (O&M) services, including monitoring, inspections, repair, and replacement of plant equipment; and site management and administrative support services for solar projects, as well as asset management services. As of January 31, 2021, this segment had a fleet of solar power plants in operation with an aggregate capacity of approximately 445 MWp. The company serves distributors, system integrators, project developers, and installers/EPC companies. It sells its products primarily under its Canadian Solar brand name; and on an OEM basis. The company was incorporated in 2001 and is headquartered in Guelph, Canada.
History

Founded in 2001 in Guelph, Ontario, Canada by Shawn Qu, Canadian Solar has subsidiaries in over 24 countries on 6 continents. They manufacture solar PV modules, are involved in supporting the installation of solar energy, and are involved in a number utility-scale power projects. With the company's acquisition of Recurrent Energy, Canadian Solar's total project pipeline reached 20.4 GW, including an increase in the late-stage project pipeline to 2.4 GW.

In November 2006, the company went public at $15 per share.Including two manufacturing facilities in Ontario, Canadian Solar employs nearly 9,000 workers worldwide. This translates to more than 16 GW of panel shipments, or approximately 70 million PV modules, in the past 15 years.The Human Rights Foundation criticized the firm after a 2021 report by The Globe and Mail revealed the company operates a solar farm in Xinjiang, China nearby a Uyghur internment camp. The Guelph Mercury Tribune later revealed a second solar farm in Xinjiang. In response to a question about the firm at a news conference, Prime Minister Justin Trudeau said, "We will continue to work very, very closely and follow up with , and all companies that have investments in that area, to ensure they are following Canadian values and Canadian law." The Globe further uncovered that in 2019 Canadian Solar signed a major agreement with the polysilicon manufacturer GCL-Poly, a company whose Xinjiang subsidiary has ties to forced labour.

The Mercury Tribune reported Canadian Solar sold both of its Xinjiang solar farms in late 2021 to a consortium of various Chinese banks and investment groups.

Mission
To provide an effective, efficient and reliable solar energy solution for people across the globe.
Vision
To help people throughout the world to reduce their energy costs and their environmental footprints.
Key Team

Mr. Ed Job M.Sc., CFA (Managing Director of Investor Relations)

Mr. Jianyi Zhang (Sr. VP, Gen. Counsel, Chief Compliance Officer & Corp. Sec.)

Ms. Mary Ma (Sr. Supervisor of Investor Relations)

Ms. Zhang Zhang (Director of Investor Relations & Strategic Analysis)

Mr. Yan Zhuang (Director)

Ms. Julie E. Ungerleider (Managing Director of Global EPC - Global Energy Group)

Mr. Ismael Guerrero Arias (Corp. VP & Pres of the Energy business)

Recognition and Awards
Canadian Solar has won numerous awards and accolades, such as being Yes Gazette's Sustainable Business of the Year 2018, and The Globe and Mail's Top Small and Medium Employer in Canada 2019.
References

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Canadian Solar
Leadership team

Dr. Xiaohua Qu (Chairman, Pres & CEO)

Dr. Huifeng Chang (Sr. VP, CFO & Director)

Dr. Guoqiang Xing (Sr. VP & CTO)

Products/ Services
Energy, Industrial, Manufacturing, Solar
Number of Employees
1,000 - 20,000
Headquarters
Guelph, Ontario, Canada
Established
2001
Company Registration
SEC CIK number: 0001375877
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
CSIQ
Social Media