Boston, MA 06/11/2013 (wallstreetpr) – The share prices of Canadian Solar Inc (NASDAQ:CSIQ) had surged by 15.45 percent to close at $10.16 per share for the end of last trading session on Monday. The shares of the company had been trading in the range of $8.95 to $10.22 per share during the day. The shares of Canadian Solar Inc (NASDAQ:CSIQ) had recently surged to new 52 week high price level of $10.65 per share and the 52 week low price level of the company is at $1.95 per share.
Construction of new solar power plant in Ontario
Canadian Solar Inc (NASDAQ:CSIQ), one of the world’s leading player in solar power industries had signed the agreement for the construction of 130 MW solar power plant in Ontario. The Engineering, Procurement and Construction agreement signed by the company with Grand Renewable Solar LP would provide for the construction of utility scale solar power plant in Ontario which is expected to generate revenues to the extent of $301.1 million for Canadian Solar Inc (NASDAQ:CSIQ).
The construction of this new solar power plant is expected to commence by the third quarter of 2013, with the facilities to be fully operational by 2015. Canadian Solar Inc (NASDAQ:CSIQ) is presently the leading vertically integrated provider of solar modules, specialized solar power products and power plants. The company presently operates in the markets of North and South America, Europe, Africa, Middle East, Australia and Asia.
Canadian Solar Inc (NASDAQ:CSIQ) is committed to be environmentally responsible and is focused on providing advanced solar energy products, solutions and services across the globe, thereby enabling sustainable development. The shares of the solar power plants manufacturer had witnessed heavy trading volume with nearly 5.13 million shares being exchanged hands on Monday, while the average trading volume of Canadian Solar Inc (NASDAQ:CSIQ) is at 2.72 million shares per day.
Canadian Solar Inc (NASDAQ:CSIQ) presently holds 43.16 million shares outstanding in the market with an institutional ownership of 15 percent of its holdings.
