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Canadian Solar shares surge as spin-off 'yieldco' plans move ahead

from The Globe and Mail

Shares in Guelph, ON-based solar panel maker Canadian Solar jumped recently after the company said it is forging ahead with plans to create a spin-off "yieldco" that will hold some of its completed power projects. The company's stock rose more than 14 per cent on the Nasdaq, after it announced strong fourth quarter financial results and outlined some of the plans for the spin-off. more

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