Canadian Solar to Offer Up to $50 Million Worth of Shares

Before you go, we thought you'd like these...
Before you go close icon

Canadian Solar  plans to sell up to $50 million worth of its common shares, the company announced today.

The solar-power company has filed a prospectus to sell the shares through an at-the-market equity offering program using Credit Suisse as the sales agent. If and when the common shares are sold, those sales will be accomplished through ordinary broker transactions, in negotiated transactions at market prices, or as otherwise agreed upon with the sales agent.

The company said the proceeds from the sales of its common stock will be used for general corporate purposes, including working capital and expenses used in solar power project development.

Canadian Solar provides solar modules, specialized solar products, and solar power plants to operations in North America, South America, Europe, Africa, the Middle East, Australia, and Asia.

The article Canadian Solar to Offer Up to $50 Million Worth of Shares originally appeared on

Fool contributor Dan Radovskyhas no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners