Canadian Solar - wo geht die Reise hin? (Seite 145)
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Antwort auf Beitrag Nr.: 34.502.206 von dicki31785 am 14.07.08 15:13:18Das geht mal schnell wieder Richtung 35,00 € !!!!!! 
Bei 31,00 € verkaufen, bei 19,00 € kaufen, jetzt diese Meldungen und schon sind wir bei 23,60 €. Wunderbar! bis Ende der Woche stehen wir bei mind. 27,50 € !!!
-Only my point of view, no advertisement-
Bei 31,00 € verkaufen, bei 19,00 € kaufen, jetzt diese Meldungen und schon sind wir bei 23,60 €. Wunderbar! bis Ende der Woche stehen wir bei mind. 27,50 € !!!
-Only my point of view, no advertisement-
dann war die entscheidung von mir bei 32$ nachzukaufen ja garnicht so schlecht
mfg CW
mfg CW
Antwort auf Beitrag Nr.: 34.501.896 von Maverick22 am 14.07.08 14:40:14tja was soll man da noch sagen?? 
Canadian Solar Announces Preliminary Unaudited Results for its Second Quarter 2008 Ended June 30, 2008
Monday July 14, 8:30 am ET
JIANGSU, China, July 14 /Xinhua-PRNewswire/ -- Canadian Solar Inc. ("the Company", "CSI" or "we") (Nasdaq: CSIQ - News) today announced preliminary unaudited financial results for the second quarter ended June 30, 2008.
Preliminary net revenues for the second quarter 2008 are expected to range from $210 to $214 million, compared to the forecasted range of $185 to $190 million. The preliminary net revenue includes approximately $6 million of silicon and other sales.
The gross profit is expected to be in the range of $33 to $35 million. During the quarter, the company shipped approximately 47MW of solar module products, including about 2.2MW of UMG e-Modules and a small amount of tolling business.
As a result of the induced conversion of $74 million of our 6.0% convertible senior notes due 2017 on June 27 2008, the Company recognized a one-time, non-cash charge of approximately $10 million equal to the fair value of the common shares and other consideration transferred in the transaction in excess of the fair value of common shares issuable pursuant to the original conversion terms. However, this one-time, non-cash charge is more than offset by the interest cost savings the Company will realize through early conversion of the notes.
Dr. Shawn Qu, CEO of CSI, remarked, "We are very pleased with the Company's performance in the second quarter. It is a testament to the hard work and dedication of our employees as well as a confirmation that demand for both our regular and e-Module products remains very strong. We have already achieved nearly $400 million in revenue in the first half of 2008 and remain on track to meet or exceed our full-year revenue guidance of $750 to $870 million, based on solar module shipments of 230-260MW."
Based on market forecasts, customer orders and supply contracts, CSI reiterates its full-year 2009 forecast and expects to deliver 500-550MW of solar modules including both its high-efficiency regular module products and lower-cost e-Modules.
Second quarter preliminary results are subject to change following the completion of the Company's normal quarter-end review process. A news release announcing the official second quarter 2008 results will be disseminated on August 13, 2008 before the NASDAQ stock market opens.
Monday July 14, 8:30 am ET
JIANGSU, China, July 14 /Xinhua-PRNewswire/ -- Canadian Solar Inc. ("the Company", "CSI" or "we") (Nasdaq: CSIQ - News) today announced preliminary unaudited financial results for the second quarter ended June 30, 2008.
Preliminary net revenues for the second quarter 2008 are expected to range from $210 to $214 million, compared to the forecasted range of $185 to $190 million. The preliminary net revenue includes approximately $6 million of silicon and other sales.
The gross profit is expected to be in the range of $33 to $35 million. During the quarter, the company shipped approximately 47MW of solar module products, including about 2.2MW of UMG e-Modules and a small amount of tolling business.
As a result of the induced conversion of $74 million of our 6.0% convertible senior notes due 2017 on June 27 2008, the Company recognized a one-time, non-cash charge of approximately $10 million equal to the fair value of the common shares and other consideration transferred in the transaction in excess of the fair value of common shares issuable pursuant to the original conversion terms. However, this one-time, non-cash charge is more than offset by the interest cost savings the Company will realize through early conversion of the notes.
Dr. Shawn Qu, CEO of CSI, remarked, "We are very pleased with the Company's performance in the second quarter. It is a testament to the hard work and dedication of our employees as well as a confirmation that demand for both our regular and e-Module products remains very strong. We have already achieved nearly $400 million in revenue in the first half of 2008 and remain on track to meet or exceed our full-year revenue guidance of $750 to $870 million, based on solar module shipments of 230-260MW."
Based on market forecasts, customer orders and supply contracts, CSI reiterates its full-year 2009 forecast and expects to deliver 500-550MW of solar modules including both its high-efficiency regular module products and lower-cost e-Modules.
Second quarter preliminary results are subject to change following the completion of the Company's normal quarter-end review process. A news release announcing the official second quarter 2008 results will be disseminated on August 13, 2008 before the NASDAQ stock market opens.
Swiss Adopt Aggressive Feed Law for Renewable Energy
New law makes Switzerland the first nation with a specific tariff for small wind turbines.
by Paul Gipe, Contributing Writer
Bern, Switzerland [RenewableEnergyWorld.com]
In a surprising move, Switzerland has adopted one of the world's most aggressive systems of Advanced Renewable Tariffs.
The Swiss, famed for conservative traditions, stodgy bankers and trains that run on time, have joined a growing list of countries using feed-in tariffs to promote the rapid development of renewable energy.
Not content to start with a timid program incrementally raising the bar year by year, the Swiss federal government this spring launched a full-system of feed-in tariffs differentiated by technology, size and application. There are tariffs, or payments per kilowatt-hour (kWh), for solar photovoltaics, wind, hydro, geothermal and biomass.
The Swiss system, like those in Germany, France and Spain, pays a renewable energy generator for every kWh of electricity generated. The payments are made for periods of 20 to 25 years, depending upon the technology.
The new Swiss tariffs, among the highest in the world, are the first to include a specific tariff for small wind turbines — those under 10 kW — of 0.20 SWF/kWh (US $0.20/kWh) for 20 years.
The states of Michigan, Illinois, Rhode Island and Minnesota have proposed similar tariffs for small wind turbines, US $0.25/kWh, but none of the proposals have yet become law.
Tariffs for large wind turbines use the German system of tariff differentiation by resource intensity. Because of the rugged Swiss terrain, the program's designers needed to provide tariffs for wind energy that would enable profitable operation in deep valleys as well as on windy mountaintops, while at the same time protecting ratepayers from unnecessary costs.
In the Swiss system, every wind turbine is paid the same price for its electricity during the first five years. After that, production is averaged. The average is then compared with a reference site defined in the law. Depending upon the wind resource, the premium payment of 0.20 SWF/kWh is extended beyond the first five years. After the premium period, the tariff falls to 0.17 SWF/kWh (US $0.17/kWh) for the remainder of the 20-year contract. For the reference site, the premium payment of 0.20 SWF/kWh (US $0.20/kWh) is extended for the full 20-year period.
The wind tariffs are among the highest in the world, but less than those requested by Suisse Eole. The trade association calculated that with Swiss terrain, and the high cost of wind turbines, 0.28 SWF/kWh (US $0.28/kWh) would be necessary for the first five years, and 0.20 SWF/kWh for the post-premium period.
The tariffs for solar PV put Switzerland on a par with Germany and France, though the contract period of 25 years is the longest outside Spain. For rooftop systems of less than 10 kW in size, the tariffs are 0.75 SWF/kWh. For building integrated solar PV, the tariffs rival those in neighboring France. For building-integrated systems of less than 10 kW in size, the tariffs are 0.90 SWF/kWh (US $0.88/kWh).
Tarriffs for solar PV
Currently there are 29 megawatts (MW) of solar PV in the country; 7 MW were installed in 2007.
The Swiss, ever meticulous, avoided disrupting the solar industry while the new law was under lengthy discussions, by grandfathering solar PV installations installed from 2006 through the law's introduction in April 2008.
Geothermal plants of less than 5 MW in size will receive 0.30 SWF/kWh (US $0.30/kWh) for 20 years.
Funds to pay for the tariffs will come from a systems benefits charge of 0.006 SWF/kWh on all electricity consumption, says Reto Rigassi of Suisse Eole, the Swiss wind energy association. This is equivalent to 320 million SWF, or about US $310 million, at current exchange rates.
While there is no MW cap on the program, there is a cap on the portion contributed by each technology to the total program. Hydro generation is capped at 50% of the fund, and wind at 30%. However, the wind association's Rigassi explains that the entire program is capped at 150% of the funds collected.
Most controversial are the limits placed on solar photovoltaics (PV). Solar PV is capped at 5% of the fund. Swissolar, the Swiss solar trade association, has called on the government to lift the cap, arguing that solar PV could ultimately meet one-third of Swiss electricity supply.
There are currently 1,000 people employed in the Swiss solar industry, and Bank Sarasin suggests that the number could increase if Switzerland developed its home market with more aggressive policies.
The program will be reviewed every five years. The first review may be within three years.
As elsewhere, special provisions are made for data collection from the private generators who participate in the program. The law specifically states that generators must provide data on generation upon the government's request.
Swiss parliamentarians have been debating a modern renewable energy policy for several years. The country's renewable energy advocates have watched in frustration as renewable energy boomed in Germany to the north, France to the west, and Italy to the south. Now, with one of the world's most progressive systems of Advanced Renewable Tariffs, the Swiss are in the game.
New law makes Switzerland the first nation with a specific tariff for small wind turbines.
by Paul Gipe, Contributing Writer
Bern, Switzerland [RenewableEnergyWorld.com]
In a surprising move, Switzerland has adopted one of the world's most aggressive systems of Advanced Renewable Tariffs.
The Swiss, famed for conservative traditions, stodgy bankers and trains that run on time, have joined a growing list of countries using feed-in tariffs to promote the rapid development of renewable energy.
Not content to start with a timid program incrementally raising the bar year by year, the Swiss federal government this spring launched a full-system of feed-in tariffs differentiated by technology, size and application. There are tariffs, or payments per kilowatt-hour (kWh), for solar photovoltaics, wind, hydro, geothermal and biomass.
The Swiss system, like those in Germany, France and Spain, pays a renewable energy generator for every kWh of electricity generated. The payments are made for periods of 20 to 25 years, depending upon the technology.
The new Swiss tariffs, among the highest in the world, are the first to include a specific tariff for small wind turbines — those under 10 kW — of 0.20 SWF/kWh (US $0.20/kWh) for 20 years.
The states of Michigan, Illinois, Rhode Island and Minnesota have proposed similar tariffs for small wind turbines, US $0.25/kWh, but none of the proposals have yet become law.
Tariffs for large wind turbines use the German system of tariff differentiation by resource intensity. Because of the rugged Swiss terrain, the program's designers needed to provide tariffs for wind energy that would enable profitable operation in deep valleys as well as on windy mountaintops, while at the same time protecting ratepayers from unnecessary costs.
In the Swiss system, every wind turbine is paid the same price for its electricity during the first five years. After that, production is averaged. The average is then compared with a reference site defined in the law. Depending upon the wind resource, the premium payment of 0.20 SWF/kWh is extended beyond the first five years. After the premium period, the tariff falls to 0.17 SWF/kWh (US $0.17/kWh) for the remainder of the 20-year contract. For the reference site, the premium payment of 0.20 SWF/kWh (US $0.20/kWh) is extended for the full 20-year period.
The wind tariffs are among the highest in the world, but less than those requested by Suisse Eole. The trade association calculated that with Swiss terrain, and the high cost of wind turbines, 0.28 SWF/kWh (US $0.28/kWh) would be necessary for the first five years, and 0.20 SWF/kWh for the post-premium period.
The tariffs for solar PV put Switzerland on a par with Germany and France, though the contract period of 25 years is the longest outside Spain. For rooftop systems of less than 10 kW in size, the tariffs are 0.75 SWF/kWh. For building integrated solar PV, the tariffs rival those in neighboring France. For building-integrated systems of less than 10 kW in size, the tariffs are 0.90 SWF/kWh (US $0.88/kWh).
Tarriffs for solar PV
Currently there are 29 megawatts (MW) of solar PV in the country; 7 MW were installed in 2007.
The Swiss, ever meticulous, avoided disrupting the solar industry while the new law was under lengthy discussions, by grandfathering solar PV installations installed from 2006 through the law's introduction in April 2008.
Geothermal plants of less than 5 MW in size will receive 0.30 SWF/kWh (US $0.30/kWh) for 20 years.
Funds to pay for the tariffs will come from a systems benefits charge of 0.006 SWF/kWh on all electricity consumption, says Reto Rigassi of Suisse Eole, the Swiss wind energy association. This is equivalent to 320 million SWF, or about US $310 million, at current exchange rates.
While there is no MW cap on the program, there is a cap on the portion contributed by each technology to the total program. Hydro generation is capped at 50% of the fund, and wind at 30%. However, the wind association's Rigassi explains that the entire program is capped at 150% of the funds collected.
Most controversial are the limits placed on solar photovoltaics (PV). Solar PV is capped at 5% of the fund. Swissolar, the Swiss solar trade association, has called on the government to lift the cap, arguing that solar PV could ultimately meet one-third of Swiss electricity supply.
There are currently 1,000 people employed in the Swiss solar industry, and Bank Sarasin suggests that the number could increase if Switzerland developed its home market with more aggressive policies.
The program will be reviewed every five years. The first review may be within three years.
As elsewhere, special provisions are made for data collection from the private generators who participate in the program. The law specifically states that generators must provide data on generation upon the government's request.
Swiss parliamentarians have been debating a modern renewable energy policy for several years. The country's renewable energy advocates have watched in frustration as renewable energy boomed in Germany to the north, France to the west, and Italy to the south. Now, with one of the world's most progressive systems of Advanced Renewable Tariffs, the Swiss are in the game.
Trading Spotlight
Canadian Solar: The Next Solar Takeover Target?
by: Kelvin Schulle posted on: July 14, 2008 | about stocks: CSIQ / SPWR / STP
When a sector is booming, consolidation and takeovers start to pick up as well. Take a look at the networking and semiconductor sectors in the late 1990s, and the internet sector in the early 2000s - several good companies were taken over by industry leaders, such as Cisco (CSCO), PMC-Sierra (PMCS) and Google (GOOG). These companies accelerated their growth by acquiring many smaller competitors. This is a must-step for a sector before it becomes mature.
As an investor, the difficulty is how to spot a company that is a likely takeover target. This can bring massive profit if it does happen, and even the speculation will drive the stock price sky rocketing, no matter what happens in the overall market. A good example in the last week is DOW Chemical's (DOW) attempt to buy Rohm & Haas (ROH) for $15B, sending the stock 70% higher than its previous day close. But wait, this is just beginning. The next day, in the same sector, was Ashland's (ASH) announcement to acquire Hercules (HPC) for a buyout premium of about 38% over the shares' Thursday closing price.
Now let's take a look at the major sector of renewable energies: the solar sector.
The solar sector has picked up momentum in the last year as oil prices keep going up and analysts predict that cheap oil is gone forever. More importantly, both US presidential candidates are leaning towards renewable energies, especially solar and wind. Obama has spoken out that solar is the way that American can get rid of dependence on foreign oil and put the country again back on its feet. Overall, the solar sector is poised to boom in the near future. Not so long ago, a European solar company, Solon AG, made a splash when it acquired both Estelux and SpectraWatt for expansion.
This started the takeover story in the solar sector. So who is the next target? It seems that a good company with a relatively small market cap will be the likely candidate. Looking around in the space, Canadian Solar (CSIQ) pops out.
Canadian Solar (CSIQ) is one of the best performers in the last 6-12 months, yet its market cap is merely $900M at the current price. Take a look at a comparison for the stock price performance here. It is on top of First Solar (FSLR). The company has year over year revenue growth rate of 180.4% (source: Yahoo Finance) and recently raised 2008 sales forecasts again from 200 - 220 MW to 230 - 260 MW (the first solar company to do so, if I remember correctly). So is it growing too fast? Absolutely NOT. If you look at the revenue and sales curve over past year and coming quarters, the stock price is simply not reflecting the growth of the company. The price should be over $50 now (thanks to the Spain subsidies rumors, CSIQ's stock price is at discount level).
Unlike other solar companies, whose sales are mainly in Germany and Spain, Canadian Solar has sales in many regions. It continues to strengthen sales in Germany and Spain, while extending sales to Italy and Eastern Europe. More importantly, the company's latest e-module attracted a significant number of customers. The recent sales reached the US and South Korea with initial shipments of 10-12MW.This is more than First Solar's latest Edison International contract for a 7.5MW plant in California. The next Japanese market will kick off a new era for Canadian Solar.
So who is the likely buyer? I would say either SunPower (SPWR) or Suntech Power (STP), both polysilicon based solar companies.
US-based SunPower has major sales in Europe and recently signed a deal with FPL Group (FPL) in the US. However, its Asian reach is limited due to its US operation limitation. With South Korea, China and Japan embracing solar at an impressive speed, reaching out to those markets is critical for a company's success globally. One way to overcome this is to buy a local solar producer, such as CSIQ.
Suntech is the leader in terms of sales. The company has market cap of roughly $6B. However, the company's stock has been barely moving, partly because its growth rate is a concern to many analysts. The competition for silicon supply is high, and many local companies are grabbing market share from Suntech. Acquiring Canadian Solar is a good way for the company to move to the next level and achieve its global sales target.
One advantage of these two companies merging is that both have operations in China. Cost reduction will be significant after the takeover.
Finally, based on the sales forecast and aggressive guidance from the company, Canadian Solar (CSIQ) should be worth at least $1.5B at current prices if we see any takeover offering. The coming quarter results should surprise again on the upside.
by: Kelvin Schulle posted on: July 14, 2008 | about stocks: CSIQ / SPWR / STP
When a sector is booming, consolidation and takeovers start to pick up as well. Take a look at the networking and semiconductor sectors in the late 1990s, and the internet sector in the early 2000s - several good companies were taken over by industry leaders, such as Cisco (CSCO), PMC-Sierra (PMCS) and Google (GOOG). These companies accelerated their growth by acquiring many smaller competitors. This is a must-step for a sector before it becomes mature.
As an investor, the difficulty is how to spot a company that is a likely takeover target. This can bring massive profit if it does happen, and even the speculation will drive the stock price sky rocketing, no matter what happens in the overall market. A good example in the last week is DOW Chemical's (DOW) attempt to buy Rohm & Haas (ROH) for $15B, sending the stock 70% higher than its previous day close. But wait, this is just beginning. The next day, in the same sector, was Ashland's (ASH) announcement to acquire Hercules (HPC) for a buyout premium of about 38% over the shares' Thursday closing price.
Now let's take a look at the major sector of renewable energies: the solar sector.
The solar sector has picked up momentum in the last year as oil prices keep going up and analysts predict that cheap oil is gone forever. More importantly, both US presidential candidates are leaning towards renewable energies, especially solar and wind. Obama has spoken out that solar is the way that American can get rid of dependence on foreign oil and put the country again back on its feet. Overall, the solar sector is poised to boom in the near future. Not so long ago, a European solar company, Solon AG, made a splash when it acquired both Estelux and SpectraWatt for expansion.
This started the takeover story in the solar sector. So who is the next target? It seems that a good company with a relatively small market cap will be the likely candidate. Looking around in the space, Canadian Solar (CSIQ) pops out.
Canadian Solar (CSIQ) is one of the best performers in the last 6-12 months, yet its market cap is merely $900M at the current price. Take a look at a comparison for the stock price performance here. It is on top of First Solar (FSLR). The company has year over year revenue growth rate of 180.4% (source: Yahoo Finance) and recently raised 2008 sales forecasts again from 200 - 220 MW to 230 - 260 MW (the first solar company to do so, if I remember correctly). So is it growing too fast? Absolutely NOT. If you look at the revenue and sales curve over past year and coming quarters, the stock price is simply not reflecting the growth of the company. The price should be over $50 now (thanks to the Spain subsidies rumors, CSIQ's stock price is at discount level).
Unlike other solar companies, whose sales are mainly in Germany and Spain, Canadian Solar has sales in many regions. It continues to strengthen sales in Germany and Spain, while extending sales to Italy and Eastern Europe. More importantly, the company's latest e-module attracted a significant number of customers. The recent sales reached the US and South Korea with initial shipments of 10-12MW.This is more than First Solar's latest Edison International contract for a 7.5MW plant in California. The next Japanese market will kick off a new era for Canadian Solar.
So who is the likely buyer? I would say either SunPower (SPWR) or Suntech Power (STP), both polysilicon based solar companies.
US-based SunPower has major sales in Europe and recently signed a deal with FPL Group (FPL) in the US. However, its Asian reach is limited due to its US operation limitation. With South Korea, China and Japan embracing solar at an impressive speed, reaching out to those markets is critical for a company's success globally. One way to overcome this is to buy a local solar producer, such as CSIQ.
Suntech is the leader in terms of sales. The company has market cap of roughly $6B. However, the company's stock has been barely moving, partly because its growth rate is a concern to many analysts. The competition for silicon supply is high, and many local companies are grabbing market share from Suntech. Acquiring Canadian Solar is a good way for the company to move to the next level and achieve its global sales target.
One advantage of these two companies merging is that both have operations in China. Cost reduction will be significant after the takeover.
Finally, based on the sales forecast and aggressive guidance from the company, Canadian Solar (CSIQ) should be worth at least $1.5B at current prices if we see any takeover offering. The coming quarter results should surprise again on the upside.
kann mir mal einer weiter helfen?
habe eine brief von der bank bekommen wegen csiq wegen der vorabstimmung der canadischen quellesteuer??
wenn ich die über 1 jahr halte muß ich dann trotzdem steurn zahlen??
ich dachte dann ist alles steuerfrei!!oder ist das nur für den fall wenn ich sie vor 1 jahr verkaufe???
vielen dank für die infos
habe eine brief von der bank bekommen wegen csiq wegen der vorabstimmung der canadischen quellesteuer??
wenn ich die über 1 jahr halte muß ich dann trotzdem steurn zahlen??
ich dachte dann ist alles steuerfrei!!oder ist das nur für den fall wenn ich sie vor 1 jahr verkaufe???
vielen dank für die infos
Antwort auf Beitrag Nr.: 34.424.224 von Ventrikel am 02.07.08 19:20:48nichtmehr tiefer?
wenn der gesamtmarkt sich im nächsten halben jahr weiter so verhält wie im ersten halbjahr, wird sich csiq sicherlich schwer tun.
die usa stehen kurz vor der rezession. der ölpreis wird sich dann nicht halten können. die frage ist, welche auswirkungen ein schwacher ölpreis auf die kursentwicklung der solaraktien haben wird.
wenn der gesamtmarkt sich im nächsten halben jahr weiter so verhält wie im ersten halbjahr, wird sich csiq sicherlich schwer tun.
die usa stehen kurz vor der rezession. der ölpreis wird sich dann nicht halten können. die frage ist, welche auswirkungen ein schwacher ölpreis auf die kursentwicklung der solaraktien haben wird.
habe nachgekauft bei 32$....jetzt ist der einstiegskurs 35,50...falls wir nochmal die 29 sehen kaufe ich auch dort nach aber schaun wir mal die werte "stablisieren" sich langsam mfg CW
Long ABX, CSIQ, TSL
Long ABX, CSIQ, TSL
07.07.2008 14:33
Canadian Solar Signs Sales Agreements in Italy and the Czech Republic
JIANGSU, China, July 7 /Xinhua-PRNewswire/ -- Canadian Solar Inc. (News) ("the Company', 'CSI' or 'we') today announced it signed five new sales agreements in Italy and the Czech Republic in the past three weeks. The customers covered under these agreements are WSW in the Czech Republic, and Arco Energy, AC Service, Ravano Green Power and Albatec of Italy.
The total volume of shipments for 2008 for the above mentioned new agreements totals 14.9 MW and reflects sales of CSI's regular module products. The sales will be realized in the second half of 2008 and are in addition to existing shipments to customers in Germany, Spain, USA, Korea and China.
Based on current customer orders, market forecasts and supply contracts, CSI's preliminary estimates for the second half of 2008 consists of a geographic sales mix of approximately 60% to Germany, 15% to Spain and 7% to the USA. In addition, approximately 10% of sales for this period is expected to come from newly emerging markets in the rest of Europe. The remaining balance of approximately 8% sales is earmarked for South Korea and China.
Dr. Shawn Qu, CEO of CSI, remarked, 'CSI has maintained a healthy balance of market segments and a impressive portfolio of strong long-term customers. These additional sales agreements reflect the increasing demand for CSI products in new markets. This not only increases our future revenue and market share, but also allows CSI to diversify its geographic sales footprint. We are also pleased to see stable and continuous demands from our traditional markets including Germany and Spain. Along with our recently announced e-Module sales contracts, CSI now actively delivers PV products in seven countries and strategically positions itself for continued market growth in 2009.'
Canadian Solar Signs Sales Agreements in Italy and the Czech Republic
JIANGSU, China, July 7 /Xinhua-PRNewswire/ -- Canadian Solar Inc. (News) ("the Company', 'CSI' or 'we') today announced it signed five new sales agreements in Italy and the Czech Republic in the past three weeks. The customers covered under these agreements are WSW in the Czech Republic, and Arco Energy, AC Service, Ravano Green Power and Albatec of Italy.
The total volume of shipments for 2008 for the above mentioned new agreements totals 14.9 MW and reflects sales of CSI's regular module products. The sales will be realized in the second half of 2008 and are in addition to existing shipments to customers in Germany, Spain, USA, Korea and China.
Based on current customer orders, market forecasts and supply contracts, CSI's preliminary estimates for the second half of 2008 consists of a geographic sales mix of approximately 60% to Germany, 15% to Spain and 7% to the USA. In addition, approximately 10% of sales for this period is expected to come from newly emerging markets in the rest of Europe. The remaining balance of approximately 8% sales is earmarked for South Korea and China.
Dr. Shawn Qu, CEO of CSI, remarked, 'CSI has maintained a healthy balance of market segments and a impressive portfolio of strong long-term customers. These additional sales agreements reflect the increasing demand for CSI products in new markets. This not only increases our future revenue and market share, but also allows CSI to diversify its geographic sales footprint. We are also pleased to see stable and continuous demands from our traditional markets including Germany and Spain. Along with our recently announced e-Module sales contracts, CSI now actively delivers PV products in seven countries and strategically positions itself for continued market growth in 2009.'
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