CANADIAN SOLAR INC

EthiFinance Ratings affirms Canadian Solar Inc´s rating at "BBB", maintaining its Stable outlook. Canadian Solar is the parent of a multinational group involved in the manufacturing of photovoltaic panels and the development and operations of solar power plants. Founded in 2001 in Canada, Canadian Solar now employs 18,500 people and sells products and services in more than 160 countries. For 2022, the sales of Canadian Solar were $7,469m with an EBITDA of $660m (EBITDA margin of 8.8%). The NFD/EBITDA ratio stood at 3.1x at the end of 2022. Canadian Solar's market capitalization reached $1.43bn (11/12/2023).