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?


  1. hello
    1.backlog is 1.85B
    850M before the 1B contract, will supplie from germany partnership.
    1B will supplie from the new factory.
    2.the 1B contract is for a few years but will start from Q3 this year.
    3.they want to open another 2 factories,1 in u.s.a in 2-3 years, and another one in asia, they are targeting to be number 1.
    4.the cost :lower cost than regular manufacturers makes 50% less,this is from analysts.
    so you can target for a big profits in 2009 and much much more 2010

  2. yes certainly you can target for bigger profist in 2009 and 2010 .