Canadian Solar (CSIQ)

Canadian Solar, Inc. (NASDAQ: CSIQ) was incorporated by Dr. Shawn Qu in Canada in 2001. In the People's Republic of China, the company has three manufacturing facilities located at Suzhou, Changshu and Luoyang. CSIQ came out with its maiden public offering in November 2006. The company engages in the design, development, manufacture, and sale of solar module products (ranging from 5 W to 300 W and using both polycrystalline and monocrystalline solar cells) that convert sunlight into electricity for various uses. Its products include a range of standard solar modules to general specifications for use in various residential, commercial, and industrial solar power generation systems. The company also designs and produces specialty solar modules and products based on customers' requirements. Its specialty solar modules and products consist of customized modules that its customers incorporate into their own products, such as solar-powered bus stop lighting, and complete specialty products, such as solar-powered car battery chargers. The company also implements solar power development projects, primarily in conjunction with government organizations, to provide solar power generation in rural areas of China. The company currently has an annual solar module production capacity of 400MW. By the 3rd quarter of 2008 the company plans to expand its annual solar cell manufacturing capacity to 250MW from the existing 100MW. Also, Phase One of Canadian Solar s solar ingot and wafer plant at Luoyang is on track for completion by mid-2008. This will provide the company with annual solar wafer capacity of 40MW to 60MW. Canadian Solar sells standard solar modules to distributors and system integrators, and specialty solar modules and products to various manufacturers, who integrate these solar modules into their own products or sell and market them as part of their own product portfolio. The company offers its products to customers located in various markets worldwide, including Germany, Spain, Canada, China, and Japan. Canadian Solar operates through six wholly-owned subsidiaries: CSI Solartronics, CSI Solar Manufacturing CSI Solar Technologies CSI Luoyang, Ltd. CSI Cells. and CSI Advanced. Canadian Solar, Inc. was incorporated in Canada in October of 2001.

During the 1st quarter of 2008, the company generated the vast majority of its revenue (97.9%) from Europe, while Asia contributed 1.4%, with the remainder being generated from North and South America.

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