Evergreen Solar (ESLR) announced the largest contract in it’s history an hour ago. It’s a long term contract of $1.2B with German based IBC Solar and extends through 2013 which brings the total contractual backlog to $3 billion with 5 different customers.
“We are very pleased to begin this significant long term relationship with IBC SOLAR, the largest PV distributor in the world”, said Richard M. Feldt, Evergreen Solar’s chairman, president and chief executive officer. … Read the rest
According to StreetInsider.com, Caris & Co have initiated coverage of a few solar names:
* Initiated coverage of First Solar (FSLR) with a buy and $350 price target
* Initiated coverage of MEMC Electronic (WFR) with Above Avg and $100 target
* Initiated coverage of SunPower (SPWR) with an Above Average and price target of $80
* Initiated coverage of Evergreen Solar (ESLR) with Above Average and price target of $11… Read the rest
Piper lowered their estimates on Evergreen Solar (ESLR) this morning for the 2nd half of 08 to reflect lower production at the company’s 15MW Marlboro R&D and production plant but believes the longer term growth story is still intact, so they maintain their buy rating with a $14 target.… Read the rest