CSIQ Stock Alert: The $500 Million Reason Canadian Solar Is Up Today
Solar(CSIQ) InvestorPlace·2024-01-24 02:58
Solar energy specialist Canadian Solar (NASDAQ:CSIQ) — which specializes in the manufacturing of photovoltaic (PV) modules and operating large-scale solar projects — saw its shares pop significantly higher on Tuesday. Investment firm BlackRock (NYSE:BLK) announced it’s buying preferred equity in the solar company’s Recurrent Energy unit. Subsequently, CSIQ stock also soared on a much-needed credibility boost following a tumultuous period in 2023.According to a Bloomberg report, the preferred equity is conve ...