Evergreen Solar (ESLR) first indicated back in June that it was pursuing a reverse stock split in hopes of keeping from a delisting by the Nasdaq. After a big surge in October the stock was able to get back above the buck level but has since returned to the abyss. The company remains on life support and while there are some positive developments such as the beginning of their China manufacturing operations, the company has it’s work cut out for it. The stock begins trading today after a 1:6 reverse split under the ticker ESLRD where it will remain for 20 trading days then revert back to ESLR.
====> Click Here For Your FREE Daily Evergreen Solar Analysis
What about people, like me, that today still have ESLR stocks?
The question should be asked as to why you had any of their stock to begin with? Solar has long been in decline and this company has never been viable. Now they stiff the stte of MA with 60$ in grants to go to China. Hopefully everyone investing in the green nonsense loses all they have invested. Too expensive for so little return on the extra money you pay for the so-called green.
Go into mutuals and stay away from one stock picks unless you are loaded.
I think there are quite a few out there that would argue that green energy solutions are far from non sense Joe. ESLR is an exception and not indicative of the kind of returns that have been generated in green energy stocks.. look at China solar stocks and LED stocks in particular.
or splurge on FSLR and ride that behemoth…