Bucking a trend sweeping the globe’s solar manufacturers — a trend it had flirted with — Canadian Solar has rejected an offer from its Chairman, President, and Chief Executive Officer, Dr Shawn (Xiaohua) Qu to take the company private.
Korean solar PV company Hanwha Q CELLS announced earlier this month that it has agreed to go private, the latest in a long stream of solar manufacturers making the decision to de-list, in a move connected to its acquisition by a subsidiary of Hanwha Chemical Corporation.
Following in the footprints of several of its biggest competitors, Korean solar PV manufacturer Hanwha Q CELLS announced last week that it will look to de-list from NASDAQ after receiving a “going private” proposal.
Chinese solar PV manufacturer Yingli Green Energy announced at the end of last month that it had been notified by the New York Stock Exchange that its shares will be de-listed as the company was not able to maintain an average global market capitalization within prescribed standards.
