Aug. 18 at 11:46 AM
$CSIQ Recurrent Energy isn’t a speculative side project.
BlackRock invested
$500M for 20%—a ~
$2.5B transaction benchmark. CSIQ retained ~80%, implying roughly
$2B of gross value before discounts.
Now ONE 330 MW California project has secured
$695M in financing and tax equity—and construction is underway. ☀️💵
Entire CSIQ market cap: ~
$1B.
Apparently the market can count megawatts, just not subsidiaries. 😏
Recurrent is evolving from project seller to long-term owner/operator. If execution lands, this SOTP discount gets increasingly absurd. 🔥🐂
Next: what management must do to make shareholders actually see the value.
