6/17T9:13 Co. in the News

Companies in the News...


CSIQ Canadian Solar raises annual guidance; sees revs of $750-870 mln up from $650-750 mln (39.00 ) -Update-
Co is raising its annual guidance for 2008 from 200 - 220 MW to 230 - 260 MW in output and its estimated annual revenue from $650 - $750 mln to $750 - $870 mln (consensus $836.06 mln). The co ests that it will ship approximately 10 - 12 MW of e-Modules to USA and South Korea in 2008, thus making these two countries significant markets for CSIQ... Based on robust market demand for our products, the Company plans to increase its annual ingot and wafer capacity from the previous target of 40 - 60 MW to 150 - 200 MW; to increase our internal cell capacity from the previous target of 250 MW to 400 MW and to increase module capacity to 800 MW. We expect to have the above new capacity fully commissioned at the beginning of 2009.

CSIQ Canadian Solar announces conversion rate for conversion offer for its 6.0% Convertible Senior Notes due 2017 (42.46 )
Co announces that the increased conversion rate for its 6.0% Convertible Senior Notes due 2017 in connection with its offer to convert such Notes has been determined to be 53.6061 common shares per $1,000 principal amount of the Notes. The conversion rate was previously 50.6073 common shares per $1,000 principal amount of the Notes. On May 27, 2008, co commenced an offer to holders of the Notes to convert their Notes into common shares at an increased conversion rate equal to the sum of (i) 50.6073 common shares plus (ii) $117.00 in the form of additional common shares at the daily volume-weighted average price of common shares for the ten trading days from and including June 3, 2008 to and including June 16, 2008.