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The Case For Canadian Solar: Why The Price Of Oil Does Not Matter

In my last article regarding Canadian Solar (NASDAQ:CSIQ) and the solar industry in general, I tried to show that CSIQ and First Solar (NASDAQ:FSLR) where the strongest solar companies in North America and that they were worth investing into. Since the time I wrote that article in May 2014, Canadian Solar's stock rose from $22 per share to $40 (nearly 100% upside) in just a few months. The stock price started to falter as oil prices began their historic decline from $105+ per barrel to below $50 per…