Canadian Solar Inc. CSIQ has entered into a long-term agreement to supply the high-efficiency CS6P polycrystalline modules to Vivint Solar VSLR for residential and commercial installations.
According to Canadian Solar, the agreement will help the company to expand its customer base in these markets.
CS6P is a solar module with 60 solar cells that provide high system energy yield at low irradiance and low Nominal Operating Cell Temperature.
It features enhanced 40-millimeter (“mm”) frames that ensure the robustness of modules with 5400 Pascals (“Pa”) load. Canadian Solar’s warranty of 25-year performance makes these modules a top choice among leading insurance companies in the U.S. and Europe.
These modules are in California Energy Commission’s PVUSA Testing’s top ranking out of 12472 silicon modules since 2009 due to the company’s stringent quality control system.
According to the company, the latest agreement to supply solar panels to U.S. residential and consumer customers has helped to strengthen its relationship with Vivint Solar. Over the long run, this will help Canadian Solar to venture into untapped markets. The agreement is also in sync with the company’s aim of providing affordable solar electricity to homeowners.
Vivint Solar is a leading provider of distributed solar energy to residential customers in the U.S. It finances, designs, installs, monitors, and services solar systems owned by residential customers.
Ontario, Canada-based Canadian Solar caters to a geographically-diverse customer base spread across key markets in the U.S., Canada and Europe, as well as emerging markets like South Korea, Singapore and Brazil. The company has a strong pipeline of projects and is known for its acquisitions and strategies that further consolidate its position.
Zacks Rank
Canadian Solar currently has a Zacks Rank #3 (Hold). JA Solar Holdings Co., Ltd. JASO and ReneSola Ltd SOL are better-ranked stocks in the solar industry, both sporting a Zacks Rank #1 (Strong Buy).
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JA SOLAR HOLDGS (JASO): Free Stock Analysis Report
CANADIAN SOLAR (CSIQ): Free Stock Analysis Report
RENESOLA LT-ADR (SOL): Free Stock Analysis Report
VIVINT SOLAR (VSLR): Free Stock Analysis Report
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