Canadian Solar shares rise 1.34% intraday after Recurrent Energy secures $260 million in financing.

Canadian Solar Inc. rose 1.34% in intraday trading, with its subsidiary Recurrent Energy securing $260 million in financing from U.S. Bank for a 94 MW solar facility. This financing includes both tax equity and construction financing, which is a positive development for the company. Additionally, the news of U.S. solar panel makers seeking tariffs on imports from Indonesia, India, and Laos could potentially benefit Canadian Solar by reducing competition from foreign imports.