Canadian Solar Opens First US HJT Solar Cell Plant, $1B Investment
CSIQ sits 65% above its 52-week low of $9.41.
Summary
Canadian Solar's subsidiary CS PowerTech officially opened the first phase of its Jeffersonville, Indiana PV cell manufacturing facility. The plant is the first in the US to produce heterojunction (HJT) bifacial N-type solar cells, a next-generation technology. At full capacity, it will produce over 6 GWp annually, support more than 1,200 jobs, and represent nearly $1 billion in local investment. This strengthens the company's US manufacturing footprint and vertical integration, following its Mesquite, Texas module plant. The facility ramps to full phase-one capacity in coming months, with phase-two expansion starting before year-end. The move positions Canadian Solar to capture demand for high-efficiency solar modules and benefit from US energy policy tailwinds.
At the time of this announcement, CSIQ was trading at $15.49 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $997.4M. The 52-week trading range was $9.41 to $34.59. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: PR Newswire.