Canadian Solar shares drop on China fire reports
SAN FRANCISCO (MarketWatch) -- Shares of solar-panel maker Canadian Solar Inc. (Symbol : CSIQ) declined 3.8% to $37.77 Friday
following news of a factory fire earlier in the week. The fire in a plant in Suzhou, China, on Monday had not been
disclosed and was referenced Friday on multiple Chinese websites, analysts with Roth Capital Partners said in a note to
clients late Friday.c "We'd be buyers on weakness in the stock today," they said. "The company believes disruption to
customer delivery schedules has been minimal and expects no material financial impact from the fire." No Canadian Solar (Symbol : CSIQ)
employees or fire responders were reported injured. Canadian Solar (Symbol : CSIQ) is one the best performing solar stocks, up 768% in
the past 12 months.
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
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