Canadian Solar Inc., one of the world’s biggest solar firms, has begun a huge fundraising round. Wednesday morning, the company priced 2.778 million common shares at $36 per share and priced a concurrent offering of $130 million of 4.25 percent convertible senior notes that will come due in 2019. This announcement follows the company’s preliminary release of its fourth quarter results, which included beating both shipment and profit guidance.
Green-Lighting the Keystone XL Pipeline
The symbiotic energy relationship between the United States and Canada goes back a long way, but it’s been shaken recently by the shale and tight oil boom. While the Keystone XL pipeline is still not a reality, it’s a horse that individual investors are hoping to bet on soon.