Evergreen Solar (ESLR)

Add a New Bears Reason Company: Evergreen Solar (ESLR) Current price: Headline: (100 character max) Analysis: Cancel 0% agree 2 votes   Germany reduces incentives Top Contributor: David Hu | Created when NASDAQ:ESLR was $0.68 | Edit | History Homes or businesses that generate solar electricity with roof-mounted panels may sell it back to the grid for a payment known as a feed-in tariff. Germany, a major market for solar power, is planning to reduce these feed-in tariffs, proposing cuts of up to 16%. Evergreen believes this reduction could lower panel prices. [1] (100 character max) Cancel 25% agree 8 votes   Financing plan means dilution Top Contributor: Jack Bass | Created when NASDAQ:ESLR was $9.72 | Edit | History Marlboro, Mass.-based Evergreen Solar announced the pricing of a secondary public offering of $325.0 million in senior convertible notes, due in five years, to raise equity for the solar-power-panel plant in Devens, Mass. The notes will pay 4.0% interest. Investors, concerned about a potential dilutive effect to their shareholdings, knocked the stock down 7.6%, or 82 cents, to $10.01, in late- afternoon trading in New York - June 27th Evergreen granted underwriters a 30-day option to purchase up to an additional $48.8 million worth of notes if the offering is oversold. (100 character max) Cancel

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.