Canadian Solar rises after $200 mln convertible debt sale

Renewable energy firm Canadian Solar CSIQ.O shares up 3.7% to $20.10 before the bell after capital raise

CSIQ early Fri announced pricing p rivate offering of $200 mln 3.25% 5-yr convertible bonds

Initial conversion price of $27.63 represents 42.5% premium to stock's last close of $19.39

CSIQ shares slid 12% on Thurs to over two-month low after co unveiled the offering late Weds

Co says plans to use net offering proceeds for investments in U.S. manufacturing capacity, and in the value chain supporting battery energy storage and solar power solutions, among other purposes

Through Thurs, shares down 18% to begin 2026 but up about 50% over the past 12 months

Of 12 analysts, recommendation breakdown on the stock is 3 "strong buy" or "buy", 4 "hold" and 5 "sell" or "strong sell"; median PT $20, per LSEG