Dallas, Texas 12/09/2013 (Financialstrend) – As per the analysts the future earnings of the Canadian Solar Inc. (NASDAQ:CSIQ) at $5 seems to be equating 5.7PE and we can expect the Canadian Solar to touch 12PE during 2014. This looks like a 100% increase in the stock value. If you want to access the exact Canadian Solar value you must parallel compare it with some other benchmark company. As you know that only American Solar companies are right now available for benchmark and hence you should compare it with any one of them.
Take for example the SunPower Corporation which delivered $0.89 per share on revenue of $657 million. The SunPower Corporation has been valued at a market capitalization of $3.5 billion whereas the Canadian Solar is at $1.4 billion.
C$35 million loan received by Canadian Solar from the National Bank of Canada
Canadian Solar Inc. (NASDAQ:CSIQ) which is one of the largest solar companies recently announced that they are going to get a C$35 million loan from the National Bank of Canada. This entire loan is being provided for their short term construction financing and the company will utilize this loan for the construction of their solar projects in Ontario in Canada.
The Chairman Chief Executive Officer of Canadian Solar Dr. Shawn Qu also said that this loan that is being granted by the National Bank of Canada is given at a very important time and they are going to gain lots of momentum because of this. He also believes that this loan transaction will give them additional flexibility and will allow them to further accelerate the development of our already strong and dedicated pipeline in Canada and the rest of the world. Solar and wind energy are seen as major sources of fuel in the future and moreover it is clean energy.
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