The SMID Point

Latest edition · June 30, 2026

Citi The SMID Point Tuesday, 30 June 2026

This report provides updates on SMID-cap companies in the energy, healthcare, and packaging sectors. It covers recent management meetings, M&A activity, and sector-specific market trends.

The 'SMID Point' roundup analyzes developments across several mid-market companies. Canadian Solar is expanding U.S. manufacturing, Enphase Energy faces a challenging fundamental backdrop in the U.S. while targeting the data center market, H.B. Fuller deals with integration concerns following an acquisition, and Zymeworks reports on a disciplined asset-aggregation deal for TBPH. Additionally, the report includes Citi's quantitative crowding scores for the paper and packaging industry.

Key takeaways from the latest edition

• 1.Canadian Solar is ramping its Mesquite facility to 10GW, potentially recognizing ~$700mm in 45X module assembly credits.
• 2.Enphase Energy reports a soft U.S. solar market, with 1Q representing a trough for sell-through.
• 3.Zymeworks acquired TBPH, adding a durable COPD cash flow engine while maintaining a disciplined capital approach.

What this series covers

• Company
• Industry

Edition archive

• Citi The SMID Point Tuesday, 30 June 2026

  June 30, 2026

• Citi The SMID Point Tuesday, 16 June 2026

  June 16, 2026

• Citi The SMID Point Thursday, 11 June 2026

  June 11, 2026

• Citi The SMID Point Tuesday, 09 June 2026

  June 10, 2026

• Citi The SMID Point Thursday, 28 May 2026

  May 29, 2026

• Citi The SMID Point Thursday, 21 May 2026

  May 21, 2026