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Benzinga
Benzinga
Business
Henry Khederian

Canadian Solar (CSIQ) Stock Jumps Monday: What's Powering The Rally?

Solar,Panels,And,Wind,Power,Generation,Equipment

Canadian Solar Inc (NASDAQ:CSIQ) shares are trading higher Monday afternoon. Recurrent Energy, a subsidiary of Canadian Solar, earlier announced the commercial operation of its 1,200 MWh Papago Storage facility in Maricopa County, Arizona. Here’s what investors need to know.

What To Know: Per Canadian Solar, the project is now supplying power to Arizona Public Service (APS), the state’s largest electric utility, just in time for the summer’s peak electricity demand.

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