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Canadian Solar Inc. (CSIQ) - Financial and Strategic SWOT Analysis Review

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Canadian Solar Inc. (Canadian Solar) designs, develops and manufactures solar modules. The company markets ingots, wafers, solar cells, solar modules, solar power systems and specialized solar products. The company’s specialty solar modules and products comprise customized modules such as solar-powered bus stop lighting and solar-powered car battery chargers. Canadian Solar classifies its products into two product lines, namely, photovoltaic modules and custom engineered solar specialty products. Canadian Solar operates one of the largest silicon reclaiming business centers in the world, which purchases, processes and supplies ingots, pot scraps, tops and tails, side wall pieces, broken wafers, reclaimed wafers and broken cells. The company also implements solar power development projects, mainly in conjunction with government organizations, to facilitate solar power generation in rural China. It offers its standard solar modules through a direct sales force and sales agents primarily to distributors, system integrators, and original equipment manufacturer customers. It sells specialty solar modules and products to the automotive, telecommunications, and light-emitting diode lighting sectors. Canadian Solar is headquartered in Ontario, Canada.

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									            Canadian Solar Inc. (CSIQ) - Financial and Strategic SWOT Analysis
                                           Review
        Reference Code: GDAE10455FSA                                                                                           Publication Date: SEP 2012

          545 Speedvale Avenue, West Guelph                  Phone              +1 519 8371881                  Revenue           1,898.9 (million USD)
          Guelph, ON                                         Fax                +1 519 8372550                  Net Profit        -90.80 (million USD)
          N1K 1E6                                            Website            www.canadiansolar.com           Employees         9,087
          Canada                                             Exchange           CSIQ [NASDAQ]                   Industry          Alternative Energy

       Company Overview
       Canadian Solar Inc. (Canadian Solar) designs, develops and manufactures solar modules. The company markets ingots, wafers,
       solar cells, solar modules, solar power systems and specialized solar products. The company’s specialty solar modules and
       products comprise customized modules such as solar-powered bus stop lighting and solar-powered car battery chargers.
       Canadian Solar classifies its products into two product lines, namely, photovoltaic modules and custom engineered solar
       specialty products.
       Key Executives                                                                SWOT Analysis
                      Name                                 Title                      Canadian Solar Inc., SWOT Analysis
         Michael G. Potter                   Chief Financial Officer                  Strengths                              Weaknesses
         Shawn Qu                            Chairman
                                                                                      Vertically Integrated Company          Substantial Debt
         Robert McDermott                    Director
                                                                                      Focused R&D Initiatives                Deteriorating Profitability Ratios
         Lars-Eric Johansson                 Director
         Harry E. Ruda                       Director
        Source: Annual Report, Company Website, Primary and Secondary
                                                                                      Opportunities                          Threats
        Research, GlobalData
                                                                                      Positive Outlook of Solar              Intense Competition
       Share Data                                                                     Market
                                                                                                                             Growing Market for Other
         Canadian Solar Inc.
                                                                                      Strategic Expansions                   Energy Alternatives
        Share Price (USD) as on 07-Sep-                                  2.81
        2012
                                                                                     Source: Annual Report, Company Website, Primary and Secondary Research,
        EPS (USD)                                                       -2.11        GlobalData
        Market Cap (million USD)                                         121
        Enterprise Value (million USD)                                   867
        Shares Outstanding (million)                                       43
       Source: Annual Report, Company Website, Primary and Secondary
       Research, GlobalData

       Financial Performance                                                         Recent Developments
                                                                                      Sep 11, 2012         Canadian Solar Announces New Program For
                                                                                                           Customers To Finance And Complete Solar
                                                                                                           Projects In US
                                                                                      Sep 10, 2012         Canadian Solar Launches New ResidentialAC
                                                                                                           Module
                                                                                      Sep 05, 2012         Canadian Solar To Supply Solar Modules To
                                                                                                           Gehrlicher Merk Solar For PV Project
                                                                                      Sep 05, 2012         Canadian Solar And Mortenson Construction
                                                                                                           Break Ground For 2.5 MW PV Project
       Source: Annual Report, Company Website, Primary and Secondary                 Source: Annual Report, Company Website, Primary and Secondary Research,
       Research, GlobalData                                                          GlobalData




Canadian Solar Inc. (CSIQ) - Financial and Strategic SWOT                                                                      Reference Code: GDAE10455FSA
Analysis Review
Source : www.globalcompanyintelligence.com                                                                                                                     Page 1
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
       Table of Contents
       Table of Contents ............................................................................................................................................................................... 2
          List of Tables .................................................................................................................................................................................. 4
          List of Figures ................................................................................................................................................................................. 4
       Section 1 - About the Company.......................................................................................................................................................... 5
       Canadian Solar Inc. - Key Facts ......................................................................................................................................................... 5
       Canadian Solar Inc. - Key Employees ................................................................................................................................................ 6
       Canadian Solar Inc. - Key Employee Biographies .............................................................................................................................. 7
       Canadian Solar Inc. - Major Products and Services ........................................................................................................................... 8
       Canadian Solar Inc. - History.............................................................................................................................................................. 9
       Canadian Solar Inc. - Locations And Subsidiaries............................................................................................................................ 12
          Head Office ................................................................................................................................................................................... 12
          Other Locations & Subsidiaries ..................................................................................................................................................... 12
          Joint Venture................................................................................................................................................................................. 13
       Section 2 – Company Analysis ......................................................................................................................................................... 14
       Canadian Solar Inc. - Business Description ..................................................................................................................................... 14
          Business Description - Solar Power Products............................................................................................................................... 15
             Solar Power Products - Overview ............................................................................................................................................ 15
             Solar Power Products - Production .......................................................................................................................................... 15
             Solar Power Products - Financials ........................................................................................................................................... 15
             Solar Power Products - Capital Expenditure ............................................................................................................................ 15
             Solar Power Products - Market View ........................................................................................................................................ 15
       Canadian Solar Inc. - Corporate Strategy......................................................................................................................................... 17
       Canadian Solar Inc. - SWOT Analysis .............................................................................................................................................. 18
          SWOT Analysis - Overview........................................................................................................................................................... 18
          Canadian Solar Inc. - Strengths .................................................................................................................................................... 18
             Strength - Vertically Integrated Company.................................................................................................................................. 18
             Strength - Focused R&D Initiatives ........................................................................................................................................... 18
             Strength - Cost-Effective Operations in China........................................................................................................................... 18
             Strength - Wide Geographical Operations................................................................................................................................. 18
          Canadian Solar Inc. - Weaknesses ............................................................................................................................................... 19
             Weakness - Substantial Debt .................................................................................................................................................... 19
             Weakness - Deteriorating Profitability Ratios ............................................................................................................................ 19
          Canadian Solar Inc. - Opportunities .............................................................................................................................................. 19
             Opportunity - Positive Outlook of Solar Market ......................................................................................................................... 19
             Opportunity - Strategic Expansions ........................................................................................................................................... 19
             Opportunity - Favorable Government Initiatives ........................................................................................................................ 20
          Canadian Solar Inc. - Threats ....................................................................................................................................................... 20
             Threat - Intense Competition ..................................................................................................................................................... 20
             Threat - Growing Market for Other Energy Alternatives ............................................................................................................ 20
             Threat - Change in Solar Feed-in-Tariffs (FiTs) ........................................................................................................................ 20
             Threat - Sluggish Global Economy ............................................................................................................................................ 21
       Canadian Solar Inc. - Key Competitors ............................................................................................................................................ 22
       Section 3 – Company Financial Ratios ............................................................................................................................................. 23
       Financial Ratios - Capital Market Ratios........................................................................................................................................... 23
       Financial Ratios - Annual Ratios ...................................................................................................................................................... 23


Canadian Solar Inc. (CSIQ) - Financial and Strategic SWOT                                                                                                      Reference Code: GDAE10455FSA
Analysis Review
Source : www.globalcompanyintelligence.com                                                                                                                                                                Page 2
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
       Performance Chart ........................................................................................................................................................................... 25
       Financial Performance...................................................................................................................................................................... 25
       Financial Ratios - Interim Ratios....................................................................................................................................................... 26
       Financial Ratios - Ratio Charts ......................................................................................................................................................... 27
       Section 4 – Company’s Power Financial Deals and Alliances .......................................................................................................... 28
          Canadian Solar Inc., Power, Deals By Year, 2006 to YTD 2012 .................................................................................................. 28
          Canadian Solar Inc., Power, Deals By Type, 2006 to YTD 2012 .................................................................................................. 29
       Canadian Solar Inc., Recent Deals Summary .................................................................................................................................. 30
       Section 5 – Company’s Recent Developments ..........................................................................................
								
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