trending Market Intelligence /marketintelligence/en/news-insights/trending/nBSPEexGn5wy3UUO4kV22w2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Canadian Solar approves C$150M share repurchase program

Blog

Essential Energy Insights - February 2021

Blog

Message in a (Word)Cloud

Six trends shaping the industries and sectors we cover in 2021

Six trends shaping the industries and sectors we cover in 2021


Canadian Solar approves C$150M share repurchase program

Canadian Solar Inc.'s board of directors approved a C$150 million share repurchase program for a period starting Dec. 9 through June 8, 2020.

"We have confidence in the company's long-term business plan and prospects and believe there is considerable value in investing in Canadian Solar shares, which are trading below book value and significantly below intrinsic value," Canadian Solar CEO Shawn Qu said in a Dec. 9 company news release.

The timing and amount of any repurchase will be determined by the management. Canadian Solar shares were up 3.76% to $19.04 on about double average trading volume on Dec. 9.