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Canadian Solar Inc – From Icy Paths to Solar Panels
Mar17

Canadian Solar Inc – From Icy Paths to Solar Panels

Foreward: As a leading retailer for solar products and kits, we’re proud to provide access to the industry’s top manufacturers. But with so many companies, there’s of course, the subtle, but key distinctions between companies, their products, and the people who make them. By shining light on these differences and sharing their stories, we’re aiming to provide a more clear picture to help in your decision making. Canadian Solar Inc., at a Glance Canadian Solar Inc. is one of the largest solar manufacturers in the world. Their story combines global reach and world class financing, expressed through the hard work and humble beginnings of founder and CEO, Dr. Shawn Qu. They maintain their space as leaders in the industry by driving product innovation and in-house R&D; and in 13 years since their founding, they have elevated themselves as a leading company in the solar industry. From Icy Walkways to Sun-Powered Panels Canadian Solar Inc. was founded in 2001 by Dr. Shawn Qu. Qu. As a serial academic/entrepreneur, he received his Bachelor of Science in applied physics from China’s most prestigious school, Tsinghua University. He later graduated with a Masters of Science in physics from the University of Manitoba and went onward to receive his Ph.D in material sciences from the University of Toronto. In an insightful 2010 interview, Dr. Qu recalls the “cold, cold, Winnpeg winter,” as he walked from class to class on icy campus walkways. His story sets an interesting backdrop: The basic beginnings of what would ultimately become the world’s leading solar company. Before founding Canadian Solar Inc., Dr. Qu worked at Ontario Power Generation as a research scientist, then moved into product engineering, business development, and strategy at Automation Tooling Systems, Inc. Here, he was led into the solar industry with Photowatt International S.A. Eventually, he returned to his alma mater Tsinghua University as a visiting professor in 2011. He currently runs Canadian Solar Inc. as CEO and chairman of CSI’s board of directors –  alongside an esteemed lineup of accomplished professionals in corporate finance, law, and nanotechnologies. Leading the Industry Dr. Qu’s multi-discipline background reflects itself within the company’s products and services. They provide a huge range of solar applications (cells, modules, wafers, ingots, panels, etc.) across different verticals and scales (from consumer level to huge solar farm contracts). Their operations are spread across 13 countries worldwide and in more recent news, they were announced as the Nasdaq’s second-best performer with a 687% surge by Q4 of 2013 (hovering around $30/share). As of 2014, their value has grown (once again) by an astounding ~25% to an average of $40 a share with market value...

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