Canadian Solar (CSIQ) Trades Up on New Contracts

Canadian Solar (CSIQ) traded up for the first time in nearly two weeks today, closing the day off the highs but up 4.75% on news that it has inked five new sales contracts totaling 14.9MW over the past 3 weeks from Arco Energy, AC Service, Ravano Green Power, Albatec and WSW.  CSIQ currently gets the majority (60%) of it’s business from Germany.

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