$TE has $46M in unrestricted cash, $236M in equity value and is trading at +$2.4B market capitalization. More than 10 TIMES THEIR EQUITY VALUE!! (They have ~400M of fully diluted shares, at ~$6/sh...$2.4B mkt cap) And still significantly underfunded for their US Cell factory. Painful dilution ahead... Meanwhile, $CSIQ trades at <0.5X THEIR EQUITY VALUE. A 20X DISCONNECT WITH $TE !!! With their US cell factory already funded. Historic retained earrings of +$1.5B, vs $TE's historic deficit of +$1.1B... The disconnect in valuation is incredible. Valuation does matter. Great to see strong US demand for solar from $TE. $CSIQ is expected to sell around doble $TE's amount in the US in 2026 (~3-4GWs vs ~6-7GWs for Canadian Solar), very positive to see additional confirmation. And we already saw confirmation of strong BESS demand from $FLNC last week. Excited for $CSIQ's earnings on Thursday.