Canadian Solar's Recurrent Energy To Bolster Its Italian Clean Energy Portfolio With €50 Million Facility From The European Investment Bank

7/24/24 8:30:56 AM ET

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Recurrent Energy, a subsidiary of Canadian Solar Inc. ("Canadian Solar") (NASDAQ:CSIQ) and a global developer, owner, and operator of solar and energy storage assets, announced today the successful financial close on a €50 million loan from the European Investment Bank ("EIB"). The facility will support the development and construction of a solar energy portfolio in Italy.

The loan, a €50 million 5-year term facility, aligns with the EIB's lending priorities on Renewable Energy, Climate Action, and Social and Economic Cohesion. This transaction strengthens Recurrent Energy's leadership in Italy's clean energy transition, enhancing the country's renewable energy capacity and supporting Europe's goals for reduced emissions and increased energy independence.

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Recent Analyst Ratings for
$CSIQ

Date	Price Target	Rating	Analyst
10/22/2024	$19.00 → $11.00	Neutral → Sell	Citigroup
8/23/2024	$43.00 → $27.00	Outperform	Oppenheimer
3/11/2024	$21.00	Neutral	Daiwa Securities
12/18/2023	$25.00	Sell → Neutral	Goldman
11/15/2023	$32.00 → $22.00	Neutral → Underweight	JP Morgan
7/6/2023		Neutral → Buy	UBS
3/10/2023	$45.00 → $44.00	Buy → Neutral	Citigroup
9/8/2022	$43.00 → $38.00	Neutral → Sell	Goldman

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