Its shares closed at $17.54 on Tuesday when the follow-on stock offer was announced. In Friday morning trading on the NASDAQ, Canadian Solar shares were declining to the offering price.
The company's underwritiers -- Morgan Stanley, Deutsche Bank Securities and Piper Jaffray, with Wells Fargo Securities as co-manager -- have a 30-day option on an additional 900,000 shares.
Earlier this week, Canadian Solar raised
