World's Biggest Solar Manufacturer Could Go Private
Canadian Solar Inc. (NASDAQ: CSIQ) is either the largest solar manufacturer in the world or in the top three depending on the timing of manufacturing expansions. And with an expected 10.3 GW of solar panel capacity by the end of 2018, it could have 10% of the global solar panel market.
But investors looking at Canadian Solar as a great play on solar may be disappointed to find out that its CEO is trying to take the company private. A non-binding proposal announced on Monday would pay current shareholders $18.47 per share to complete the buyout and take another major solar manufacturer private. Here's what investors should know about the proposed deal.
Image source: Getty Images.
Source: Fool.com
Canadian Solar Inc. Stock
€15.89
-2.690%
Our community is currently high on Canadian Solar Inc. with 10 Buy predictions and 4 Sell predictions.
Based on the current price of 15.89 € the target price of 44 € shows a potential of 176.9% for Canadian Solar Inc. which would more than double the current price.
