Canadian Solar Invests Over $800M In Indiana, Plans For 1,200 High-Tech Jobs By 2025
Portfolio Pulse from Lekha Gupta
Canadian Solar Inc (NASDAQ:CSIQ) plans to establish a 5 GW Solar photovoltaic cell production facility in Jeffersonville, Indiana, with an investment of over $800 million. The company expects to create around 1,200 high-tech jobs by 2025. The facility is expected to produce 5 GW annually, which will be used at the previously announced 5 GW module assembly plant in Mesquite, Texas. Last week, CSIQ's subsidiary CSI Solar Co., Ltd won a supply and integration contract for 1 GWh DC of energy storage solutions for DEPCOM Power, Inc. and Tucson Electric Power (TEP) in Arizona.
October 30, 2023 | 4:37 pm
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Canadian Solar's investment in a new production facility and the recent contract win by its subsidiary could potentially boost its revenues and profitability in the long term.
The establishment of a new production facility represents a significant investment by Canadian Solar, which could lead to increased production capacity and revenues in the long term. Additionally, the recent contract win by its subsidiary further enhances its business prospects. These factors could potentially have a positive impact on its stock price.
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IMPORTANCE 80
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