Tuesday, June 17, 2008

Will Evergreen Solar Fly High On Investor Day?

"Once we get into the first quarter of next year we should start making money. We should go into the black and hopefully stay there," Chief Executive of Evergreen Solar Richard Feldt.

(ESLR) has only a 1.24 billion dollar market cap, a strong connection in Germany and a 1.85 billion dollar sales backlog as of the middle of May 2008, this company's stock is certainly worth taking a look at.

The Marlboro, Massachusetts-based company reported a first-quarter net loss of $25,000, or break-even on a per share basis, compared with a loss of $6.2 million, or 9 cents per share, in the year-earlier quarter.

Their new Devens plant opens this month and will be capable of producing 80 megawatts of wafer cells and panels a year based on Evergreen Solar's estimates.

Here is what you can expect on Thursday, June 18, 2008 from the press release...

Evergreen Solar Chairman and CEO Richard M. Feldt, Chief Financial Officer Michael El-Hillow and other members of the executive team will provide a strategic overview of the Company's business through a series of presentations. The meeting will be followed by a factory tour of the company’s new state-of the-art wafer, cell and String Ribbon™ solar panel manufacturing facility.

Just like Energy Conversion Devices (ENER), this stock could easily make a substantial move upwards once it begins consistently breaking into the black. I think it will even make a nice move on Thursday, as they show off their superior manufacturing capabilities during investor's day.

Now, I am not one for charts but you can obviously see the double top below, if you follow the company though, you would know that financial are in a much better position then they were even a year ago. Not only that, their recent stock offering which dilutes the shares artificially, have kept the share range bound. This dilution also makes it harder for any stock to go up in value initially.

Evergreen Solar looks to me like it is poised for a breakout, and this investor day could easily trigger it. Then again, I am a bit bias since Evergreen Solar has been one of my favorite long term stock picks...
What do you think of Evergreen Solar's stock?

Thursday, June 12, 2008

Yahoo Seals The Deal With Google

It is final, Google (goog) has official one the search engine race. Some people might think they had already won it, but with the announcement from Yahoo today that it will begin running even more Google ads with it search results, it's over. This will certainly be good for Google's stock price, which has lost a bit of steam after even it's last earnings jump. Obviously, the test that Yahoo was running with Google went well and this should be a win-win for both companies. They have also decided to link up their instant messages services, in another sign that they plan on becoming even tighter in the future. Sorry Microsoft! Here is the press release...

Google (Nasdaq: GOOG) today announced that it has reached an agreement that gives Yahoo! the ability to use Google's search and contextual advertising technology through its AdSense™ for Search and AdSense for Content advertising programs. Under the agreement, Yahoo! has the option to display Google ads alongside its own natural search results in the U.S. and Canada. In addition, Yahoo! can serve contextually targeted ads on its U.S. and Canadian web properties as well as on its current publisher partner sites. Yahoo will continue to operate its own search engine, web properties and advertising services.

In addition, Yahoo! and Google agreed to enable interoperability between their respective instant messaging services bringing easier and broader communication to users.

"This commercial agreement provides Yahoo! with the opportunity to deliver more relevant ads to users and provide advertisers and publishers with better advertising technology to help them succeed in their own businesses," said Eric Schmidt, Chairman and CEO of Google. "This agreement will preserve the competitive and dynamic online advertising space."

As a result of the agreement, Yahoo! will be able to complement its own advertising program with Google’s advertising technology. As a result, advertisers will be able to better reach consumers, and Yahoo! and its current publisher partners can generate more revenue. Yahoo can use Google's advertising technology on as many or as few of its search results and content pages as it chooses.

This non-exclusive agreement allows Yahoo! to enter into similar agreements with other advertising providers. In addition, Yahoo! will maintain relationships with its own advertising customers and will continue to rely exclusively on its own advertising program outside of the U.S. and Canada. The agreement has a term of up to ten years: a 4-year initial term and two 3-year renewals at Yahoo!’s option. Financial terms between the two companies were not disclosed.

Although Google and Yahoo are not required to receive regulatory approval of the arrangement before implementing it, the companies have voluntarily agreed to delay implementation for up to three and a half months to give the U.S. Department of Justice time to review the arrangement.

Take a look back at all our Google posts here!