Glancy Binkow & Goldberg LLP, Representing Shareholders Of Canadian Solar, Inc., Announces An August 2, 2010, Deadline To Move For Appointment As Lead Plaintiff In The Shareholder Lawsuit -- CSIQ

LOS ANGELES, July 12, 2010 (GLOBE NEWSWIRE) -- Glancy Binkow & Goldberg LLP announces that all persons or entities who purchased or otherwise acquired the securities of Canadian Solar, Inc. ("Canadian Solar" or the "Company") (Nasdaq:CSIQ) between May 26, 2009 and June 1, 2010, inclusive (the "Class Period"), have 21 days until the August 2, 2010, deadline to move the Court to serve as Lead Plaintiff in the securities fraud class action lawsuit.  The case filed by Glancy Binkow & Goldberg LLP, Janbay v. Canadian Solar, Inc., et al., No. 10-cv-4430-RWS, has been assigned to the Honorable Robert W. Sweet, United States District Judge for the Southern District of New York.

A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP.  Please contact us by phone to discuss this action or to obtain a copy of the Complaint at (310) 201‑9150 or Toll Free at (888) 773‑9224, by email to [e-mail], or visit our website at http://www.glancylaw.com.

The Complaint charges Canadian Solar and certain of the Company's executive officers with violations of federal securities laws.  Canadian Solar is a vertically-integrated manufacturer of silicon, ingots, wafers, cells, solar modules (panels) and custom-designed solar power applications, which delivers solar power products to customers worldwide.  The Complaint alleges that throughout the Class Period defendants knew or recklessly disregarded that their public statements concerning Canadian Solar's business, operations and prospects were materially false and misleading.  Specifically, defendants made false and/or misleading statements and/or failed to disclose: (1) that with respect to sales to certain customers, it was uncertain whether the Company would receive full cash payments; (2) that certain goods were subsequently returned after the quarter end; (3) that, as a result, the Company's financial results were overstated during the Class Period; (4) that the Company lacked adequate internal and financial controls; and (5) that, as a result of the above, the Company's financial statements were materially false and misleading at all relevant times.