5 Best Climate Change Stocks To Buy Now

4. Canadian Solar, Inc. (NASDAQ:CSIQ)

No of HFs: 25

Total Value of HF Holdings: $245 Million

Canadian Solar, Inc. is a solar power company that focuses on the designing, manufacturing, and marketing of solar module products that convert sunlight into electricity for a variety of uses. During the third quarter of 2020, the company reported net revenue of $913 million.

Canadian Solar, Inc. recently announced that they have completed the sale of Gunma Aramaki, a 19 MWp operational solar power plant in the Yamaguchi Prefecture in Japan to Tokyo Electic Power Company for approximately $64 million. Chairman and CEO of Canadian Solar, Dr. Shawn Qu mentioned,

“We have significantly enhanced the value of the Gunma Aramaki power plant over the past two years by acquiring the land for this project, and have meanwhile benefitted from the asset’s strong cash generation, Gunma Aramaki’s new owners have invested in our previous projects, and we are pleased to continue working with them. As we remain the asset manager and O&M service provider for this project, we will continue to capture a share of the project’s value creation through stable and long-term revenue streams, in addition to the profits from the sale.”