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: Nächste Runde! Evergreen Solar und Quad Furnace...
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Evergreen Solar Breaks Ground on New Manufacturing Facility in Massachusetts Devens plant to substantially increase Company's employee base in the State
MARLBORO, Mass.--(BUSINESS WIRE)--
Joined by Massachusetts Energy and Environmental Affairs Secretary Ian A. Bowles, Evergreen Solar, Inc. (Nasdaq: ESLR), a manufacturer of solar power products with its proprietary, low-cost String Ribbon(TM) wafer technology, today broke ground for its new $165 million facility in Devens, Massachusetts. Other dignitaries included Greg Bialecki, Assistant Secretary of Housing and Economic Development, Robert Culver, President & CEO of MassDevelopment, and numerous state and local legislators.
The new manufacturing plant will increase Evergreen Solar's production capacity in Massachusetts by 75 megawatts and double its employee base in the state to more than 600. Evergreen currently operates its prototype production and manufacturing facility in Marlboro, Massachusetts.
"Over the last three years, we have shown that our string ribbon technology is scalable as we have increased annual sales fourfold to approximately $100 million in 2006 through our joint venture in Europe," said Richard M. Feldt, Chairman, President and Chief Executive Officer of Evergreen Solar. "Our new plant in Massachusetts is a natural evolution of this market penetration as we focus on the significant opportunities in the United States. Several states aggressively pursued our planned new facility. Governor Deval Patrick's vision for broad scale solar power adoption, through an innovative solar incentive program and the creative financial incentive programs that the Governor and the Legislature are expected to provide, were key factors in our decision to expand in Massachusetts."
"Governor Patrick is committed to making Massachusetts a global leader in clean energy technology, and having Evergreen Solar build its first large scale US manufacturing plant here is a big step in that direction," said Secretary Bowles. "Today, we are breaking ground not only on a factory, but on the Commonwealth's clean energy future."
Feldt noted that the new factory will use the Company's revolutionary Quad furnace technology with its state of the art automated ribbon cutting feature. This innovative wafer production process provides substantial opportunity to further increase yield, cell efficiency and labor productivity as well as to reduce the Company's already industry-leading silicon consumption.
The support program provided by the state includes $23 million in grants, up to $17.5 million in low-interest loans, and a low-cost 30-year lease of state-owned property in Devens. The new production facility is expected to start shipping product in the third quarter of 2008 and reach full capacity by late 2008 or early 2009.
About Evergreen Solar, Inc.
Evergreen Solar, Inc. develops, manufactures and markets solar power products using proprietary, low-cost manufacturing technologies. The Company's patented crystalline silicon technology, known as String Ribbon, uses significantly less silicon than conventional approaches. Evergreen Solar's products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the Company, please visit www.evergreensolar.com.
The company also announced its Devens, Mass. facility was progressing faster than expected, with management contending it will be able to deliver its first shipment of solar panels by the summer of 2008, a quarter ahead of its previous estimate.
Q-CELLS and REC (Billions in Market Cap) are two of the Largest Solar companies in Europe and the world. They both agree that String Ribbon is the way to go. Yes, even the Germans with their amazing engineering agree that our M.I.T. technology of String Ribbon is the way to go. That is strong confirmation from professionals willing to invest 100's of Millions into EverQ. Also, notice how the Ever comes before the Q in EverQ which stands for Evergreen.
If you're short this stock, you've already lost a tremendous amount of money and will soon lose several times that amount. The Longs now run the show on this stock and the short covering will only help.
I trade. I buy and sell stocks and options. However, I never trade ESLR. I always have my position because this stock has the potential to EXPLODE any minute.
This is just my opinion. Do you own DD.
I'll see you guys at $20, $30, $40,....and $100+ which is only a $10 Billion Market Cap.
Rating-Update: St. Petersburg (aktiencheck.de AG) - Die Analysten von Raymond James stufen die Aktie von Evergreen Solar (ISIN US30033R1086/ WKN 578949) in einer Ersteinschätzung mit "outperform" ein. Das Kursziel werde bei 22 USD gesehen. (07.01.2008/ac/a/u)
Also gaining in the early session were shares of Evergreen Solar Inc., which was named a "Top Pick" for 2008 by ThinkEquity Partners.
Analyst Jonathan Hoopes kept a "Buy" and raised his price target on the Marlboro, Mass., solar power developer to $30 from $20, implying he expects the stock to rise nearly 79 percent in the next year, from its close Friday at $16.76.
Hoopes based the move on a 10-year supply contract Evergreen signed last month, citing it as a "sign of confidence" in Evergreen's technology. He also noted the deal means Evergreen has enough polysilicon available to meet its sales growth goals.
Shares gained 76 cents, or 4.5 percent, to $17.52 premarket.
Think Equity Partners - Evergreen Solar neues Kursziel
Click here to find out more! San Francisco (aktiencheck.de AG) - Die Analysten von Think Equity Partners stufen die Aktie von Evergreen Solar (ISIN US30033R1086/ WKN 578949) unverändert mit "buy" ein. Das Kursziel werde von 20 auf 30 USD angehoben. (08.01.2008/ac/a/u)
Rückblick: Die EVERGREEN SOLAR Aktie vollzog im Herbst die angekündigte, steile Kursrallye und erreichte das erste Ziel bei 17,50 $, wo sie deutlich nach unten hin abprallte. Im Zuge der heftigen Abwärtskorrektur rutschte die Aktie auch unter den Ausbruchsbereich bei 12,84 - 13,20 $ zurück und fiel fast bis an den EMA50 zurück. Schließlich konnte sich die Aktie aber oberhalb von 12,00 $ stabilisieren und erreichte vergangene Woche erneut die 17,50 $ Marke. Das Chartbild hat auf sämtlichen Zeitebenen bullische Tendenzen.
Charttechnischer Ausblick: Die EVERGREEN SOLAR Aktie sollte die laufende Kursrallye in den kommenden Wochen und Monaten weiter fortsetzen. Bedingung für einen weiteren Kurssprung ist aber ein nachhaltiger Anstieg über 17,50 $. Gelingt dieser, sollte weiterer Kaufdruck aufkommen und Kapital in die Aktie fließen. Kursgewinne bis zum AllTimeHigh bei 20,75 und darüber ca. 30,00 $ sollten dann möglich werden. Unter 12,84 $ sollte die Aktie jetzt aber möglichst nicht mehr zurückfallen. Kurzfristiger Abgabedruck würde aber erst unter 12,00 $ aufkommen, ein Kursrutsch bis zunächst 10,49 - 10,70 $ sollten dann die unmittelbare Folge sein.
Kursverlauf vom 09.01.2005 bis 17.12.2007 (log. Kerzenchartdarstellung / 1 Kerze = 1 Woche)
: Rating-Update von MarketPerform auf BUY...
Evergreen Solar Shares Rise on Upgrade
Tuesday January 29, 1:54 pm ET Evergreen Solar Stock Rises As Analyst Upgrades to 'Buy' on Share Price, Expansion Plans
NEW YORK (AP) -- Shares of Evergreen Solar Inc. rose Tuesday after an analyst upgraded the company to "Buy" following a recent decline in stock price. The solar-power product maker's stock gained 43 cents, or 3.6 percent, to $12.23 in afternoon trading. Its stock has fallen about 30 percent so far this year as investors fled the solar-power sector for traditionally safer investments amid recession fears.
Janco Partners analyst Vijay Singh upgraded Evergreen from "Market Perform" in a note Tuesday, saying its fundamentals are largely the same, but its current share price provides an attractive entry point.
He noted that Evergreen is constructing its first commercial production facility in Devens, Mass., has outlined its expansion plans and has entered fixed-price contracts for polysilicon to increase its capacity at a reasonable cost.
The one setback Evergreen may face would be further construction delays at its plant, according to Singh. The Marlboro, Mass.-based company faced some construction glitches due to bad weather, but the project "appears to be on track" for completion in June, Singh said.
Evergreen Solar Announces Fourth Quarter 2007 Profitable Results
January 30, 2008
Worldwide String Ribbon Quarterly Sales Exceed $100 million
MARLBORO, Massachusetts, January 30, 2008--Evergreen Solar, Inc. (Nasdaq: ESLR), a manufacturer of solar power products using its proprietary, low-cost String Ribbon? wafer technology, today announced financial results for the fourth quarter and full year ended December 31, 2007.
For the fourth quarter of 2007, Evergreen Solar had revenue of $22.2 million, including $5.3 million of fees from its EverQ joint venture, and net income of $788,000, or $0.01 per share, compared with revenue of $18.2 million, including $2.8 million of joint venture fees, and a net loss of $3.7 million, or ($0.04) per share for the third quarter of 2007.
?The past year was marked by significant accomplishments for Evergreen Solar,? said Richard M. Feldt, Chairman, CEO and President. ?We began our first major factory expansion in Massachusetts and signed five polysilicon supply agreements, including two agreements with DC Chemical Co., Ltd., the second of which was finalized this morning, providing us with 100% of silicon required to both accelerate and increase our annual production to approximately 125 MW in 2009, 300 MW in 2010, 600 MW in 2011 and 850 MW in 2012.?
2007 Full Year Highlights
* Raised approximately $170 million in equity and began the construction on our Devens factory. Phase 1 will be completed by mid 2008 and Phase 2 in early 2009, with a combined annual capacity of approximately 160 MW by early 2010. * Secured long-term polysilicon supply agreements with DC Chemical, Nitol, Wacker and Silpro, providing 100% of our silicon requirements through 2012 and approximately 12,500 metric tons of silicon through 2019. * Completed development of the Quad ribbon wafer furnace with automated ribbon cutting which will be used in all future string ribbon facilities beginning with the Company?s Devens location and EverQ?s third factory. * Opened the second EverQ factory, a 60 MW facility, began the construction of the third EverQ factory, an 80 MW facility, with an expected completion date in early 2009 and announced the expansion of EverQ to 600 MW over the next 5 years.
?Our EverQ joint venture continues to show the impressive financial performance that we anticipated when we formed the JV in 2005, achieving sales of EUR 60 million and operating income of approximately 17% in the fourth quarter. EverQ?s strong fourth quarter financial results clearly demonstrate the compelling economics of our String Ribbon technology and provided the catalyst for Evergreen to achieve profitability for the quarter. During 2008, we will continue our significant capacity expansion and will incur substantial factory start up costs, impacting profitability in 2008. As we have continuously stated, we expect that Evergreen will achieve profitability when Phase 1 of our Devens factory approaches full capacity, which is expected in early 2009?, continued Mr. Feldt.
Fourth Quarter 2007 Financial Results
Revenues for the fourth quarter of 2007 were $22.2 million, including $5.3 million of fees from EverQ compared to $18.2 million for the third quarter of 2007, which included $2.8 million of fees.
Worldwide sales of product using our String Ribbon technology, which includes revenues of our Marlboro facility and EverQ, were $104.1 million for the fourth quarter of 2007 compared to $62.9 million in the third quarter and $37.2 million for the same period in 2006. Evergreen Solar reports worldwide sales of product manufactured with its String Ribbon technology as the Company believes it is useful to investors since it provides an indication of the full market penetration and growth of its technology.
Gross margin for the fourth quarter was 28.1% compared to 24.9% for the third quarter of 2007.
Net income for the fourth quarter was $788,000, or $0.01 per share, and includes $3.4 million in equity income from EverQ, representing Evergreen Solar's one-third share of EverQ's net income for the quarter. Net loss for the third quarter of 2007 was $3.7 million, or ($0.04) per share, and included $404,000 of equity income.
2007 Full Year Financial Results
Revenues for 2007 were $69.9 million, compared to $102.3 million for 2006 which included $57.3 million in consolidated EverQ revenue. Until December 19, 2006, the date when EverQ?s three partners each became one-third owners, Evergreen Solar consolidated the financial results of EverQ. Since the ownership change, Evergreen Solar has accounted for its investment in EverQ under the equity method.
Worldwide sales of product manufactured with Evergreen Solar's String Ribbon technology, which includes revenues of EverQ, were approximately $252.0 million for 2007 compared to $107.1 million for 2006.
Gross margin for 2007 was 24.4% compared to 11.7% for 2006.
Net loss for 2007 was $16.6 million, or ($0.19) per share, compared to $26.7 million, or ($0.41) per share for 2006.
Guidance for First Quarter 2008
Revenues for the first quarter of 2008 are expected to be approximately $21.5 million to $22.0 million, including approximately $5.0 million of selling fees and royalty payments from EverQ, compared to the $22.2 million reported in the fourth quarter of 2007, which included $5.3 million of fees from EverQ.
Gross margin is expected to be in the range of 24.0% to 28.0%. Operating expenses are expected to be in the range of $10.5 million to $11.5 million excluding factory startup costs which are expected to be in the range of $5.0 million to $5.5 million. Operating loss is expected to be in the range of $10.0 million to $11.0 million and net loss is expected to be in the range of $7.0 million to $8.0 million.
ich verfolge schon seit längerem deine beiträge. sehr interessant wie du evergreen solar einschätzt. ich habe seit längerem ballard power im depot - wie ich finde könnte auch diese aktie in zukunft gute gewinne erzielen.
welche aktien hast du im focus und was hältst du ballard?
: ESLR and DCC Announce 2nd PolySilicon S. Agreement
Evergreen Solar, Inc. (Nasdaq:ESLR), a manufacturer of solar power products with its proprietary, low-cost String Ribbon? wafer technology, announced today that it has signed a second polysilicon supply agreement with DC Chemical Co., Ltd, with shipments beginning in early 2009 and continuing through 2015.
Click here to find out more!
?While polysilicon continues in short supply, this second major supply agreement with DC Chemical reinforces the importance of our relationship with this key supplier and significant Evergreen stockholder,? said Richard M. Feldt, Chairman, President and Chief Executive Officer of Evergreen Solar. ?Construction of our 80 MW Devens, Massachusetts facility remains on schedule. We expect first panel shipments in mid-2008 and to reach full capacity by early 2009. The additional polysilicon from DC Chemical in 2009 under this second supply agreement enables us to begin the further expansion of our Devens site this spring and have additional capacity in place by early 2009. By early 2010, the Devens site should have annual capacity of approximately 160 MW.
?We now have sufficient silicon under contract to reach annual production levels of approximately 125 MW in 2009, 300 MW in 2010, 600 MW in 2011 and 850 MW in 2012 and we plan to expand our manufacturing operations at an accelerated pace,? continued Mr. Feldt. ?At less than 5 grams per watt today, we believe we are the clear industry leader in efficient polysilicon usage. Our new Quad ribbon technology and continuing efforts to enhance that technology are expected to further reduce our polysilicon consumption to approximately 2.5 grams per watt over the next few years.
Rating-Update: Toronto (aktiencheck.de AG) - Die Analysten von RBC Capital Markets stufen die Aktie von Evergreen Solar (ISIN US30033R1086/ WKN 578949) unverändert mit "underperform" ein. Das Kursziel werde von 7,00 auf 9,00 USD angehoben. (31.01.2008/ac/a/u)
* Deutsche Bank Real-Time Indikationen basieren auf Preisen von der Deutschen Bank emittierten Produkten. Diese Produkte versuchen, den jeweiligen Index 1:1 zu tracken.
Die Preisstellung erfolgt börsentäglich zwischen 09:15 und 17:15.