Canadian Solar Slides on Plan to Sell $100 Million in Shares
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Canadian Solar Inc., the world’s third-biggest solar manufacturer, slipped the most in six weeks after announcing plans to sell as much as $100 million of common shares through an at-the-market equity offering.
The shares declined 3.4 percent to $27.98 at the close in New York, the most since November 17. Canadian Solar has a market value of $1.57 billion, according to data compiled by Bloomberg.