Tag Archives: evergreen
Suntech Closes Arizona Factory
Suntech, on the heels of several losing quarters and a boardroom bloodbath involving the removal of its wealthy founder as chairman, is closing its 50-megawatt Goodyear, Arizona solar panel factory. This was a factory once heralded by Suntech (and its former CCO Andrew Beebe), as a sure sign that Suntech was committed to building PV [...]
DOE Tries to Stop Sale of Evergreen Ribbon Patents $ESLRA
I previously wrote about the patents for sale as a result of the bankruptcy of Massachusetts PV company Evergreen Solar. Those patents include U.S. Patents Nos. 6,814,802, 7,022,180 and 7,507,291, each entitled “Method and apparatus for growing multiple crystalline ribbons from a single crucible” (collectively “Ribbon Patents”). The Ribbon Patents cover Evergreen’s core innovation, a PV manufacturing process known [...]
Evergreen’s String Ribbon Patents for Sale $ESLR
Evergreen Solar (Evergreen), a Massachusetts silicon PV maker, recently announced that it filed for Chapter 11 bankruptcy and would try to sell its assets under the reorganization. According to the Greentech Media report, those assets include “the String Ribbon technology that is at the core of Evergreen’s existence.” Without String Ribbon, Michael Kanellos wrote, “Evergreen’s assets are [...]
Recapitalization Plan Sinks Evergreen Solar $ESLR
EvergreenSolar’s balance sheet is a common concern in nearly every earningsconference call. After reviewing earnings on November 4, I concludedthat Evergreen Solar (ESLR) “remains a very speculative bet on survival.” After Monday’s announcement of a major recapitalization plan, it is clear that ESLR’s balance sheet remains in precarious shape. The recapitalization plan is complex but [...]
Evergreen Solar Tanks 16% $ESLR
Evergreen Solar Inc. (NASDAQ: ESLR) yesterday announced the approval of its recapitalization plan designedto align the company’s capital structure with its current business model and to improve its position for future growth. The restructuringstrategy starts with efforts to reduce the company’s outstandingindebtedness and annual interest expense. To execute this plan,Evergreen will exchange a “substantial portion” [...]
Evergreen Solar announces recapitalization plan $ESLR
Evergreen Solar Inc., a manufacturer of String Ribbon solar powerproducts with its proprietary, low-cost silicon wafer technology,announced that its Board of Directors has approved a comprehensiverecapitalization plan to align the company’s capital structure with itscurrent business model and to better position Evergreen Solar for future growth. The recapitalization plan, if fully executed, will:* Substantially reduce [...]
Evergreen Solar Introduces New ES-E Series Solar Module $ESLR
Evergreen Solar Inc., a manufacturer of String Ribbon solar panels withits proprietary silicon wafer technology, has launched the new ES-ESeries String Ribbon solar panels. These new panels feature ahigher voltage than previous models, making them compatible withmicro-inverters for residential installations, the company says. Theyare also IEC 61701 salt-mist-certified, making them suitable forinstallations in coastal regions. [...]
Will Evergreen Solar Survive? $ESLR
Evergreen Solar’s sudden resurgence in October remains a mystery to me. Nothing in the recent third quarter earningsreport explains the sudden return of enthusiasm to the stock. On theother hand, there was just enough reassurance in the report to onceagain suspend fears of the worst outcomes. ESLR remains a speculativeplay on the company’s survival through [...]
The Evergreen Solar Rollercoaster Continues $ESLR
Evergreen Solar , a silicon wafer manufacturer, just announced financial results for the third quarter. Good News Record shipments of 42.6 megawatts compared with 39.8 megawatts in the second quarter 2010, up 7.2 percent. Total manufacturing cost at their Devens facility decreased 3.1percent to $1.88 per watt from $1.94 per watt in the second quarter [...]