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
€11.26
-1.970%
Currently there is a rather positive sentiment for Canadian Solar Inc. with 9 Buy predictions and 5 Sell predictions.
With a target price of 28 € there is potential for a 148.67% increase which would mean more than doubling the current price of 11.26 € for Canadian Solar Inc..
