Canadian Solar’s yieldco plans have been a 'will-it, won’t-it?' saga for exactly a year now, after the module-maker and developer in March 2015 first announced plans for a spin-off that would unlock value from its plants.
Investors reacted badly to the latest twist in the tale, as Canadian Solar's shares fell 8% in early trading in New York.
The fortunes of other yieldcos in the market have nosedived since early last year, and today Canadian Solar CFO Michael Potter admitted the market was effectively closed to an IPO at present.
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