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Another Solar Manufacturer Goes Private

TheMotleyFool 
0 0 28.09.17
Another Solar Manufacturer Goes Private
 
Another Solar Manufacturer Goes Private

For the second time this year, a U.S.-traded Chinese solar manufacturer has agreed to go private in a sale to its CEO. ReneSola (NYSE: SOL) will sell its solar manufacturing capacity and liabilities to CEO Xianshou Li and turn its focus to project development. 

This follows Trina Solar's move to go private, betting that there was more upside than the market was currently pricing in. In ReneSola's case, the buyout is a little more complicated than the CEO betting on a brighter future. 

Image source: Getty Images.

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Source: Fool.com

Canadian Solar Inc. Stock

€13.40
-1.760%
We can see a decrease in the price for Canadian Solar Inc.. Compared to yesterday it has lost -€0.240 (-1.760%).
Currently there is a rather positive sentiment for Canadian Solar Inc. with 9 Buy predictions and 5 Sell predictions.
On the other hand, the target price of 12 € is below the current price of 13.4 € for Canadian Solar Inc., so the potential is actually -10.45%.
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