BlackRock Amends Canadian Solar Stake, Maintains Passive Position

TL;DR

**BlackRock still owns a big chunk of Canadian Solar, but they're just holding, not trying to take over.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on February 9, 2024, disclosing its ownership in Canadian Solar Inc. as of December 31, 2023. This filing, Amendment No. 3, indicates BlackRock's continued significant, but passive, stake in the solar energy company. This matters to investors because BlackRock is a major institutional investor, and its sustained position suggests a long-term, albeit non-controlling, confidence in Canadian Solar's prospects.

Why It Matters

This filing confirms BlackRock, a global investment giant, continues to hold a substantial, passive stake in Canadian Solar, signaling its ongoing confidence in the company's long-term value without seeking to influence management.

Risk Assessment

Risk Level: low — This filing is routine and indicates a passive investment, posing minimal new risk to shareholders.

Analyst Insight

A smart investor would view this as a confirmation of BlackRock's continued, passive interest in Canadian Solar, but it doesn't signal any immediate catalysts or changes in company direction. It reinforces the idea that a major institutional player sees long-term value.

Key Players & Entities

• BlackRock Inc. (company) — the reporting person and institutional investor
• Canadian Solar Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• February 9, 2024 (date) — the filing date of the SC 13G/A
• Amendment No. 3 (number) — the specific amendment number of the filing

Forward-Looking Statements

• BlackRock will likely maintain its passive investment strategy in Canadian Solar Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: 2025-12-31
• Canadian Solar Inc.'s stock price will not be significantly impacted by this routine filing. (Canadian Solar Inc.) — high confidence, target: 2024-03-31

FAQ

From the Filing

0001086364-24-006927.txt : 20240209 0001086364-24-006927.hdr.sgml : 20240209 20240209113252 ACCESSION NUMBER: 0001086364-24-006927 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Canadian Solar Inc. CENTRAL INDEX KEY: 0001375877 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-82485 FILM NUMBER: 24613134 BUSINESS ADDRESS: STREET 1: 545 SPEEDVALE AVENUE STREET 2: WEST GUELPH CITY: ONTARIO STATE: A6 ZIP: N1K 1E6 BUSINESS PHONE: (86-512) 6690-8088 MAIL ADDRESS: STREET 1: NO. 199 LUSHAN ROAD, SUZHOU NEW DISTRICT STREET 2: SUZHOU CITY: JIANGSU STATE: F4 ZIP: 215129 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 ca1366351098_020824.txt ca1366351098_020824.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3) CANADIAN SOLAR INC -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) B1GKCH1 -------------------------------------------------------- (SEDOL Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SEDOL No. B1GKCH1 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 6004102 (6) Shared voting power 0 (7) Sole dispositive power 6013139 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 6013139 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 9.3% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- CANADIAN SOLAR INC Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 545 Speedvale Avenue West, Guelph Ontario Canada N1K 1E6 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if non