Evergreen Solar - Interessantes Unternehmen

Rating-Update:

New York (aktiencheck.de AG) - Die Analysten von Cowen & Co stufen die Aktie von Evergreen Solar (ISIN US30033R1086/ WKN 578949) unverändert mit "outperform" ein. (14.05.2007/ac/a/u)
Analyse-Datum: 14.05.2007

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Nur die potentiellen Anleger scheinen das nicht zu wissen!  

Pressemeldung ESLR 15.05.07

Evergreen Solar, Inc. (Nasdaq:ESLR), a manufacturer of solar power products with its proprietary, low-cost String Ribbon(TM) wafer technology, today announced that it has filed a preliminary prospectus supplement to its existing shelf registration statement with the U.S. Securities and Exchange Commission relating to an underwritten public offering of 15,000,000 shares of its common stock. The underwriters will also have a 30-day option to purchase up to 2,250,000 additional shares of common stock from the Company in the event the underwriters sell more than 15,000,000 shares in the offering.


Lehman Brothers Inc. will act as sole book-running manager of the offering and Piper Jaffray, Cowen and Company and Pacific Growth Equities, LLC will act as co-managers. Copies of the preliminary prospectus supplement and related prospectus may be obtained from Lehman Brothers Inc., c/o Broadridge, Integrated Distribution Services, 1155 Long Island Avenue, Edgewood, NY 11717, by email: qiana.smith@broadridge.com, or fax: (631) 254-7268.

The shelf registration statement relating to the foregoing has previously been filed and declared effective by the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy the shares of common stock or any other securities, nor will there be any sale of the shares of common stock or any other securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.






 

... Cowen and Company fungiert als Co-Manager bei dieser Kapitalerhöhung und hat vorgestern noch ein Outperform für ESLR veröffentlicht!

Bald gibt's bei mir wieder Gelegenheit zum Verdoppeln der Stücke!

Ist das ne gute Idee oder macht sich ESLR mit ihren Verlusten selbst kaputt. Wachstum bzw. Expansion hin oder her. Momentan wird Alles auf dem Rücken der Aktionäre ausgetragen. Nicht gut, gar nicht gut.

Wir waren auch schon bei 2€ gewesen! Kurs ist jetzt schon von über 9€ fast 3€ runtergekommen und die Kapitalerhöhung steht noch aus! Böse, böse, böse!

Break-Even Ende 2007 / Anfang 2008 !!! Na ja, wer's denn glaubt! Mit all den Verschiebungen der letzten Jahre, könnte man auch hier frühestens mit dem Break-Even in 2009/2010 rechnen, wenn's nicht so glatt läuft!

Also, dann können wir uns ja für die nächsten Jahre wieder schlafen legen! Mal sehen, wo wir diesmal den Boden finden :(

Cu
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... bei 6,40€ angelangt sind. Noch ein Euro und wir haben das Tief von Anfang des Jahres wieder erreicht. Wenn die Aktien dann nicht dreht, dann sehen wir uns bei 2€ wieder und der Wert war Anfang 2005 noch bei 14€ gewesen!

Junge, Junge. Das nenn ich mal so ne richtig beschissene Solarkackaktie! Da gibt es doch weit bessere Ami-Solarfirmen, als ESLR! Mal sehen, ob die 15 Mio. Stück auch Ihren Abnehmer finden werden. Krass!

Cu
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DSiesmal gebe ich Dir uneingeschränkt Recht! Da werden wir die Aktien wohl einlagern müssen. Sollte die aber wirklich auf 2€ abkacken, dann kauf ich noch mal nach.
Beste Grüße!  

... Nachkauf in der Gegend um 7 USD rückt näher!

Cu
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NEW YORK, May 31 (newratings.com) - Analysts at Lazard Capital maintain their "buy" rating on Evergreen Solar Inc (ESLR.NAS). The target price has been reduced from $15 to $12.

In a research note published yesterday, the analysts mention that the long-term prospects of the solar industry appear bright. The analysts add, however, that the success of the industry in the longer term depends on sustained improvements in technology and a decline in ASPs to bring retail rates and solar electricity at par. This success of the industry would need each company in the solar industry to shift its focus from the maximization of near-term margins towards looking at the longer-term perspective, Lazard Capital adds.



Ich bleib dabei! Wenn der Kurs bei 5€ oder darunter seinen Boden findet, wird nachgeladen!

Zur Erinnerung:
http://www.evergreensolar.com/app/en/company/...ressreleases/item/282


Evergreen Solar to Build Major New Manufacturing Facility in Massachusetts

April 17, 2007
Company Will Double Its Massachusetts Workforce

MARLBORO, Mass.—Evergreen Solar, Inc. (Nasdaq: ESLR), a manufacturer of solar power products with its proprietary, low-cost String Ribbon™ wafer technology, today announced its intention to significantly expand its manufacturing operations with a new facility expected to be located on the campus of the Massachusetts Technology Collaborative (MTC) in Westborough, Massachusetts. The Company’s Board of Directors has approved the construction of a new $150 million facility that will increase Evergreen Solar’s production capacity in Massachusetts by 70 MW and double its employee base in the state to more than 600 employees. Evergreen Solar currently operates its prototype production and manufacturing facility in Marlboro, Massachusetts.

“Over the last three years, we have shown that our string ribbon technology is scalable as we have increased annual sales fourfold to approximately $100 million in 2006 through our joint venture in Europe,” said Richard M. Feldt, Chairman, President and Chief Executive Officer of Evergreen Solar. “Our new plant in Massachusetts is a natural evolution of this market penetration as we focus on the significant opportunities in the United States. Several states aggressively pursued our planned new facility. Governor Deval Patrick’s vision for broad scale solar power adoption through an innovative solar incentive program as well as the creative financial incentive programs that the Governor, the Legislature and the Town of Westborough are expected to provide were key factors in our decision to expand in Massachusetts.”

“Evergreen Solar is one of the companies that is going to help us get clean energy right,” said Governor Patrick. “I am proud that my economic development and energy and environmental affairs teams are able to help Evergreen Solar grow and thrive right here in Massachusetts, and give us a head start toward building a clean energy economy.”

The Commonwealth of Massachusetts support program is expected to include up to $23 million in grants, up to $17.5 million in low-interest loans and a low-cost, 30-year lease of MTC land. Construction of Evergreen Solar’s new facility is planned to begin in early fall 2007 with completion expected in late 2008.


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Lehman Brothers - Evergreen Solar Ersteinschätzung

16:12 18.06.07

Rating-Update:

New York (aktiencheck.de AG) - Die Analysten von Lehman Brothers stufen die Aktie von Evergreen Solar (ISIN US30033R1086/ WKN 578949) in einer Ersteinschätzung mit "equal weight" ein. Das Kursziel werde bei 11 USD gesehen. (18.06.2007/ac/a/u)


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http://www.inar.de/blog/finanzen/20070618/...k-in-sachsen-anhalt.html


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Rating-Update: New York (aktiencheck.de AG) - Die Analysten von Lehman Brothers stufen die Aktie von Evergreen Solar (ISIN US30033R1086/ WKN 578949) in einer Ersteinschätzung mit "equal weight" ein. Das Kursziel werde bei 11 USD gesehen. (18.06.2007/ac/a/u)  

...ich träume noch. Aber doppelt gemoppelt hält hoffentlich besser...  

http://www.evergreensolar.com/app/en/company/...ressreleases/item/340


Evergreen Solar Hosts International Business Summit

June 18, 2007
Marlboro, Massachusetts, June 18, 2007 – Evergreen Solar, Inc. (Nasdaq: ESLR), a leading manufacturer of solar power products with its proprietary String Ribbon™ wafer technology,
today held an “International Business Summit” in Leipzig, Germany. Evergreen customers from three continents joined members of the Company’s senior management team for the day-long event.

“Our Business Summit was a terrific success,” said Dr. Terry Bailey, Evergreen’s Senior Vice President of Marketing and Sales. “With our continued rapid expansion, Evergreen is now participating in an ever-growing number of solar markets around the world. Our recent summit provided a forum for participants to analyze those markets and discuss marketing strategies to ensure continued growth for our partners and Evergreen.”  

A primary focus of summit participants was Evergreen’s customer support program, launched earlier this year as part the Company’s extensive rebranding campaign. Evergreen, in close collaboration with its customers, developed the support program after reaching out to them, discussing their needs, and providing them with new and better tools.

“Our program is continually evolving as Evergreen maintains an ongoing dialogue with customers to improve our products, distribution network and marketing opportunities,” Dr. Bailey said. “During our summit discussions we were pleased to learn that they rank our support program as one of the very best in the solar industry.”

The summit was held in conjunction with the June 19 opening of EverQ 2, the 60-MW manufacturing plant in nearby Thalheim, Germany, that manufactures Evergreen-branded solar panels exclusively. The new facility’s production capacity will nearly triple EverQ’s production of Evergreen-branded solar panels to approximately 100 MW. EverQ is an equal partnership of three global leaders in the solar power industry, including Evergreen Solar, Q-Cells AG (Germany), and Renewable Energy Corporation ASA (Norway).

Summit participants will join Evergreen for the opening of the new EverQ plant in Thalheim, where they will view the Company’s cutting-edge String Ribbon™ technology at work. Later this week, many summit attendees will travel with Evergreen to Intersolar 2007, the international solar exhibit in Freiburg, Germany.




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News 19.06.2007

Initiating Evergreen Solar At Equal Weight; Visibility May Remain Somewhat Limited Over Near-term - Lehman Brothers Comments

(RTTNews) - Monday, Lehman Brothers initiated coverage of Evergreen Solar, Inc. (ESLR) stock with Equal Weight rating and a price target of $11. The brokerage established its 2007 loss per share estimate of $0.22, and its 2008 loss estimate of $0.20.

Analyst Tim Luke said that he is impressed by ESLR's strategy in a high-growth market, notably with plans for 70MW, 100% owned MA Fab (supported by silicon deal w/ DC Chemical), which should enable robust top-line growth & the emergence of profitability, for the first time, in calendar 2009.

However, the analyst recognizes thru calendar 2008, profit may be limited by: start-up costs associated with ramping internal production, and high $200/kg poly prices atEverQ-2 thru 2008-second quarter. Thus, while the analyst is encouraged by wholly owned expansion strategy, he believes visibility may remain somewhat limited over the near-term.

Given ESLR's tech leadership & new wholly owned strategy, enabled by silicon supply deal with DC Chemical, the analyst believes the company has entered a new growth phase, with robust expansion potential in calendar 2009. Yet, with a number of potential near-term hurdles, the analyst looks for continued execution on: ramping internal capacity, & extending String Ribbon tech, before he would look to become more aggressive.

Currently, the stock is down $0.25 or 2.65% and trading at $9.17.

For comments and feedback: contact editorial@rttnews.com


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EverQ Opens Second Major Manufacturing Plant

June 19, 2007
Production at German site triples to nearly 100MW

Thalheim, Saxony-Anhalt, Germany, June 19, 2007 – EverQ, a manufacturer of Evergreen Solar-branded solar panels, today marked another milestone in its rapid growth with the opening of a second factory in Thalheim, Saxony-Anhalt, Germany. The new 60-MW facility began operations just one year after the opening of the first EverQ production plant at the same location.

The expansion increases the joint venture’s manufacturing capacity of 30MW by another 60 MW. By the end of the year, the workforce at the new plant will number 450, growing EverQ’s total employment to approximately 800. The public authorities – the Federal Republic of Germany, the federal state of Saxony-Anhalt and the EU – contributed of the EverQ’s investment costs. Previously, the German state of Saxony-Anhalt provided funding for construction, infrastructure and personnel costs.

EverQ is an equal partnership of three global leaders in the solar power industry: Evergreen Solar, Inc. (United States), Q-Cells AG (Germany), and Renewable Energy Corporation ASA (REC) of Norway. Evergreen develops, manufactures and markets solar power products using its proprietary String Ribbon™ technology. Q-Cells is the world's largest independent manufacturer of crystalline silicon solar cells. REC is the world's largest manufacturer of solar-grade silicon and multicrystalline wafers to the solar industry and also operates within solar cells and modules.

The partnership uses Evergreen Solar’s unique String Ribbon™ wafer technology to manufacture its high-quality products. Whereas many solar companies produce either wafers or cells or panels, EverQ produces all three under one roof. This gives the manufacturer total control over every step of the production process to ensure the highest-quality products. All of the panels produced by EverQ are Evergreen Solar-branded Spruce Line™ products, which Evergreen uses to supply its customers in Europe and around the globe.

“The opening of EverQ 2 keeps us on schedule with our joint venture’s aggressive expansion plan to increase production to 300 megawatts by 2010,” said Rick Feldt, President and CEO of Evergreen Solar. “The global market for solar power remains very strong. We’re pleased to have high quality products to provide our customers in markets throughout the world.”

Anton Milner, Chief Executive Officer of Q-Cells AG, is also pleased with EverQ’s success. “Each partner’s unique expertise, technology and resources are what make our joint venture such an impressive achievement. The speed with which EverQ tripled its manufacturing capacity is remarkable. It makes our decision to locate in Germany – with its strong government support and a high-skilled workforce – the right choice.”

“EverQ has already achieved our common goal to manufacture high-quality products,” said Erik Thorsen, CEO of Renewable Energy Corporation ASA. “Our focus now is on harnessing our manufacturing efficiency and abundant supply of polysilicon to increase production rapidly. Further growth and focus on cost aim to make solar power ultimately competitive with retail electricity pricing.”



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EverQ Opens Second Major Manufacturing Plant

June 19, 2007
Production at German site triples to nearly 100MW

Thalheim, Saxony-Anhalt, Germany, June 19, 2007 – EverQ, a manufacturer of Evergreen Solar-branded solar panels, today marked another milestone in its rapid growth with the opening of a second factory in Thalheim, Saxony-Anhalt, Germany. The new 60-MW facility began operations just one year after the opening of the first EverQ production plant at the same location.

The expansion increases the joint venture’s manufacturing capacity of 30MW by another 60 MW. By the end of the year, the workforce at the new plant will number 450, growing EverQ’s total employment to approximately 800. The public authorities – the Federal Republic of Germany, the federal state of Saxony-Anhalt and the EU – contributed of the EverQ’s investment costs. Previously, the German state of Saxony-Anhalt provided funding for construction, infrastructure and personnel costs.

EverQ is an equal partnership of three global leaders in the solar power industry: Evergreen Solar, Inc. (United States), Q-Cells AG (Germany), and Renewable Energy Corporation ASA (REC) of Norway. Evergreen develops, manufactures and markets solar power products using its proprietary String Ribbon™ technology. Q-Cells is the world's largest independent manufacturer of crystalline silicon solar cells. REC is the world's largest manufacturer of solar-grade silicon and multicrystalline wafers to the solar industry and also operates within solar cells and modules.

The partnership uses Evergreen Solar’s unique String Ribbon™ wafer technology to manufacture its high-quality products. Whereas many solar companies produce either wafers or cells or panels, EverQ produces all three under one roof. This gives the manufacturer total control over every step of the production process to ensure the highest-quality products. All of the panels produced by EverQ are Evergreen Solar-branded Spruce Line™ products, which Evergreen uses to supply its customers in Europe and around the globe.

“The opening of EverQ 2 keeps us on schedule with our joint venture’s aggressive expansion plan to increase production to 300 megawatts by 2010,” said Rick Feldt, President and CEO of Evergreen Solar. “The global market for solar power remains very strong. We’re pleased to have high quality products to provide our customers in markets throughout the world.”

Anton Milner, Chief Executive Officer of Q-Cells AG, is also pleased with EverQ’s success. “Each partner’s unique expertise, technology and resources are what make our joint venture such an impressive achievement. The speed with which EverQ tripled its manufacturing capacity is remarkable. It makes our decision to locate in Germany – with its strong government support and a high-skilled workforce – the right choice.”

“EverQ has already achieved our common goal to manufacture high-quality products,” said Erik Thorsen, CEO of Renewable Energy Corporation ASA. “Our focus now is on harnessing our manufacturing efficiency and abundant supply of polysilicon to increase production rapidly. Further growth and focus on cost aim to make solar power ultimately competitive with retail electricity pricing.”





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... EverQ GmbH findet Erwähnung in der heute Sendung des ZDF's !!!

Link zur Sendung:
www.zdf.de/ZDFmediathek/inhalt/12/0,4070,5557164-5,00.html


Die Rede ist von der Sonnenallee und der neuen (2-ten) Produktionsstätte von EverQ und wie stark der Solarboom seit 2000 angezogen und was noch zu erwarten ist!


Interessant fand ich heute die Aussage, daß bei Q-Cells anfangs 4 Mitarbeiter tätig waren, heute 1000 und die Q-Cells ordentlich an der Börse bewertet ist und Anleger auch ordentlich Geld gemacht haben.

ESLR-Anleger dagegen gucken nachwievor in die Röhre, irgendwie passt da was nicht !!!

Einen großen Einfluss auf den Kurs scheint die Eröffnung von EverQ-2 auch nicht gehabt zu haben und die Bilder sind auch noch veraltert! :(

Cu
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195W model expands the Company’s Spruce Line™ of solar panels

June 21, 2007

Marlboro, Massachusetts, June 21, 2007 – Evergreen Solar, Inc. (Nasdaq: ESLR), a leading manufacturer of solar power products with its proprietary String Ribbon™ wafer technology, today unveiled its latest and most powerful PV panel. The new 195W model, part of Evergreen’s Spruce Line™ of PV panels, was unveiled at Intersolar 2007 (Booth F4.1.31, Hall 4), the world’s largest solar industry exhibition in Freiburg, Germany.

A product of Evergreen’s cutting-edge String Ribbon™ manufacturing technology, the 195W panel has the best available power tolerance (-0 / +2.5%), guaranteeing 100% of rated power. The new panel is qualified to meet all major industry certifications and regulatory standards. And Evergreen’s extensive and wide range of mounting options makes installation fast and easy.

“Our 195W model provides installers and integrators with a powerful, versatile panel to meet the continued rapid growth in the number and size of solar power systems worldwide,” said Dr. Terry Bailey, Evergreen Solar senior vice president of marketing and sales. “In addition to its performance advantages, the 195W is the most environmentally-friendly PV panel on the solar market today.” He noted that Evergreen’s new panel has the smallest carbon footprint and the quickest energy payback time available – benefits that reduce global warming and contribute significantly to energy conservation.  

Whereas many solar companies produce either wafers or cells or panels, Evergreen is a single company that produces all three under one roof at each of its manufacturing facilities. This gives Evergreen total control over every step of the production process to ensure the highest-quality products in the industry.


www.evergreensolar.com


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... was Shareholdervalue anbetrifft oder was die Produkte angeht?

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Rating-Update:

 

New York (aktiencheck.de AG) - Die Analysten von Lehman Brothers stufen die Aktie von Evergreen Solar (ISIN US30033R1086/ WKN 578949) in einer Ersteinschätzung mit "equal weight" ein. Das Kursziel werde bei 11 USD gesehen. (18.06.2007/ac/a/u)

 

Offenlegung von möglichen Interessenskonflikten: Mögliche Interessenskonflikte können Sie auf der Site des Erstellers/ der Quelle der Analyse einsehen.

Quelle:www.worldofinvestment.com

 

195 Watt Modul erweitert Evergreen's Spruce Line™-Solarserie

21 Juni, 2007
Marlboro, Massachusetts, 21.06.2007 – Evergreen Solar, Inc. (Nasdaq: ESLR), Evergreen Solar Inc. (Nasdaq: ESLR), ein führender Hersteller von Solarenergieprodukten nach dem patentierten String Ribbon™-Verfahren, stellte heute sein neuestes und leistungsstärkstes PV-Modul vor. Das neue 195W-Modell, das zu Evergreens Spruce-Line™-PV-Modulreihe gehört, wurde auf der Intersolar 2007 (Stand F4.1.31, Halle 4) vorgestellt, der weltweit größten Fachmesse für Solartechnik in Freiburg, Deutschland.

Das 195W-Modul wird mit Hilfe des von Evergreen Solar entwickelten, innovativen String Ribbon™-Herstellungsverfahrens produziert. Durch seine sehr gute Fertigungstoleranz (-0/+2.5%) wird eine tatsächliche Leistung von 100% der Nennleistung garantiert. Das neue Modul ist auf alle wichtigen Industriezertifizierungen ausgerichtet und erfüllt sämtliche Regulierungsstandards. Und Evergreen Solars umfassende und breite Palette an Einbaumöglichkeiten garantiert eine einfache und schnelle Installation.

„Unser 195W-Modul bietet Installateuren und Monteuren ein leistungsstarkes, vielseitig verwendbares Modul, das dem anhaltenden rasanten Wachstum bezüglich Anzahl und Größe der Solarenergiesysteme weltweit gerecht wird“, sagt Dr. Terry Bailey, Senior Vice President für Marketing und Vertrieb bei Evergreen Solar. „Zusätzlich zu seinen Leistungsvorteilen ist das 195W zurzeit das umweltfreundlichste PV-Modul auf dem Solarmarkt.“ Er fügt hinzu, dass das neue Modul von Evergreen Solar verglichen mit der Konkurrenz über den geringsten CO2-Ausstoß und die schnellste Energieamortisationrate verfügt – Vorteile, die in bedeutendem Maße zur Energieeinsparung und zur Verringerung der globalen Erwärmung beitragen.

Während viele Solarunternehmen entweder Wafer oder Zellen oder Module produzieren, stellt Evergreen Solar alle drei Produkte unter einem Dach her. Dadurch hat Evergreen Solar volle Kontrolle über jeden Schritt des Produktionsprozesses und kann so die qualitativ besten Produkte der Branche garantiere.  

Die Geschäfte der deutschen Solarunternehmen laufen auf Hochtouren. National, wie international, hat sich die Technologie "made in germany" durchgesetzt. In Zukunft könnte jedoch ein schlafender Riese geweckt werden und den direkten Blick zur Sonne verdecken. Solarkonzerne aus den USA sind auf dem Vormarsch. Experten rechnen damit, dass sie den deutschen Unternehmen einige Marktanteile in Zukunft abnehmen können. Nach dem Beitrag: Interview mit Philippe Welter, Hrsg. Photon-Magazin, 09.07.2007 15:45:00 (DAF)

Ein Film zu den News auf:

http://aktien.onvista.de/videos.html?ID_OSI=337478&ID_NEWS=50027693  

http://aktien.onvista.de/...WS_LANG=de&ID_OSI=337478&ID_NEWS=49816560  

Evergreen Solar, Inc. (Nasdaq:ESLR), a manufacturer of solar power products with its proprietary, low-cost String Ribbon(TM) wafer technology, today announced financial results for the second quarter ended June 30, 2007.

Click here to find out more!

Second Quarter 2007 Highlights:

-- Finalized the site selection and design of the new 75 MW Massachusetts facility which is expected to open on schedule in the second half of 2008

-- Completed the development of the Quad ribbon wafer furnace with automated ribbon cutting capability. This four-ribbon furnace will be used in the new Massachusetts facility

-- Raised over $170 million in equity

-- Began production at the second EverQ facility, Evergreen Solar's joint venture with Q-Cells AG and Renewable Energy Corporation ASA, which will increase EverQ capacity to a total of approximately 100 MW by the end of 2007

-- Achieved worldwide sales of String Ribbon product of $44.7 million, up 11% from the first quarter of 2007, including $31.3 million of sales generated by EverQ

Second Quarter 2007 Financial Results

Product sales were $13.4 million compared to $12.6 million in the first quarter of 2007 and $22.0 million in the second quarter of 2006, which included $10.7 million related to the sales of the EverQ joint venture, whose results were consolidated with Evergreen Solar until the ownership change in December 2006.

Total worldwide sales of String Ribbon product were $44.7 million in the second quarter, which includes $31.3 million of sales generated by EverQ. EverQ's new 60 MW facility had its first panel shipments late in the second quarter and is expected to reach full capacity by the end of 2007, as scheduled. Total worldwide sales of String Ribbon product were $40.2 million in the first quarter of 2007, including $27.6 million generated by EverQ.

Gross margin was $3.4 million, or 22.3%, including fees of $2.0 million related to the marketing and sale of EverQ panels by Evergreen Solar and royalty payments for Evergreen Solar's technology contribution to EverQ. In the first quarter of 2007, gross margin was $2.8 million or 20.1%, including EverQ fees of $1.5 million. In the second quarter of 2006, gross margin was $927,000, or 4.2%, which included EverQ factory start up costs.

Net loss was $7.5 million, or $0.09 per share, for the second quarter of 2007, including $1.6 million for Evergreen Solar's portion of EverQ's expected quarterly loss caused by start up costs of the second factory, most of which were incurred during the second quarter. In the first quarter of 2007, net loss was $6.2 million, or $0.09 per share, which included Evergreen Solar's share of EverQ's quarterly break-even results. In the second quarter of 2006, net loss was $7.5 million, or $0.11 per share.

"We are pleased with the progress we are making on our new 75 MW facility in Massachusetts. We expect to break ground in September, ship our first panels in the third quarter of 2008 and reach capacity by late 2008 or early 2009," said Richard M. Feldt, Chairman, President and Chief Executive Officer of Evergreen Solar. "This factory will use our revolutionary Quad furnace technology with its state of the art automated ribbon cutting technology. This innovative wafer production process provides substantial opportunity to further increase yield, cell efficiency and labor productivity as well as to reduce our already industry-leading silicon consumption."

"EverQ opened its second factory in mid June and began shipping panels late in the quarter. We expect the second facility to achieve its maximum annual capacity of 60 MW by the end of 2007, bringing EverQ's total capacity to approximately 100 MW," said Feldt.

Guidance for Third Quarter 2007

Product revenue is expected to be in the range of $13.5 million to $14.5 million and joint venture fees are expected to be in the range of $3.0 million to $3.25 million. Gross margin is expected to be in the range of 22.0% to 24.0%.

Operating expenses are expected to be in the range of $10.5 million to $11.0 million, including research and development costs of $5.1 million to $5.3 million and factory start-up costs of approximately $250,000.

Operating loss is expected to be in the range of $6.75 million to $7.0 million and net loss is expected to be in the range of $5.75 million to $6.2 million, or $0.06 per share, including approximately $750,000 to $1 million of non-operating income and essentially breakeven operations in the quarter from EverQ.

About Evergreen Solar, Inc.

Evergreen Solar, Inc. develops, manufactures and markets solar power products using proprietary, low-cost manufacturing technologies. The Company's patented crystalline silicon technology, known as String Ribbon, uses significantly less silicon than conventional approaches. Evergreen Solar's products provide reliable and environmentally clean electric power for residential and commercial applications globally. For more information about the Company, please visit www.evergreensolar.com. Evergreen Solar(R) is a registered trademark and String Ribbon(TM) is a trademark of Evergreen Solar, Inc.

Conference Call Information

Evergreen Solar's management will conduct a conference call at 5:00 p.m. (ET) today to review the Company's second-quarter financial results. The conference call will be webcast live over the Internet. The webcast can be accessed by logging on to the "Investors" section of Evergreen Solar's website, www.evergreensolar.com, prior to the event. The call also can be accessed by dialing (866) 575-6537 or (913) 312-1241 prior to the start of the call. For those unable to join the live conference call, a replay will be available from 8:00 p.m. (ET) today through midnight (ET) on August 1. To access the replay, dial (888) 203-1112 or (719) 457-0820 and refer to confirmation code 1169441. The webcast also will be archived on the Company's website.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of federal securities laws. Evergreen Solar cautions you that any statements contained in this press release that are not strictly historical statements constitute forward-looking statements. Such forward-looking statements include, but are not limited to: the Company's guidance for the third quarter of 2007, including the Company's expectations regarding future revenue growth, earnings and gross margin performance; the Company's ability to design, construct, open and commence operation of its 75MW facility as scheduled, utilize its Quad technology platform and realize its yield, efficiency and silicon usage potential, the Company's expectations regarding the capacity of the second EverQ facility and the Company's expectations regarding the market penetration and growth of its technologies. These statements are neither promises nor guarantees, and involve risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Such risks and uncertainties include, among other things, the following factors: the Company's business and results of operations could be materially impaired as a result of poor manufacturing or product performance; the market for solar power products is emerging and rapidly developing and market demand for solar power products such as the Company's products is uncertain; the Company has limited experience manufacturing large volumes of solar power products on a commercial basis at acceptable costs, which it will need to do in order to be successful; the Company faces intense competition from other companies producing solar power and other distributed energy generation products; the risk that the Company may fail to bring to market new products under development or that any such products may not achieve commercial acceptance; the risk that technological changes in the solar industry could render its solar products uncompetitive or obsolete; the Company sells via a small number of reseller partners, and the Company's relationships with current or prospective marketing or strategic partners may be affected by adverse developments in the Company's business, the business of the Company's strategic partners, competitive factors, solar power market conditions, or financial market conditions; the market for products such as the Company's solar power products is heavily influenced by federal, state, local and foreign government regulations and policies, as well as the availability and size of government subsidies and economic incentives, over which the Company has little control; and the Company is susceptible to shortages of specialized silicon that the Company uses in the manufacture of its products. In addition to the foregoing factors, the risk factors identified in the Company's filings with the Securities and Exchange Commission - including the Company's Annual Report on Form 10-K filed with the SEC on February 27, 2007, as amended on Form 10-K/A on April 30, 2007, the Quarterly Report on Form 10-Q filed with the SEC on May 10, 2007, and the Form S-3 filed with the SEC on May 16, 2007 (copies of which may be obtained at the SEC's website at: http://www.sec.gov) - could impact the forward-looking statements contained in this press release. Readers should not place undue reliance on any such forward-looking statements, which speak only as of the date they are made. The Company disclaims any obligation to publicly update or revise any such statements to reflect any change in Company expectations, or in events, conditions or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements.

                   Evergreen Solar, Inc. (Nasdaq:
            ESLR) Condensed Consolidated Balance Sheets
                 (in thousands, except share data)


                                           December 31,   June 30,
                                               2006         2007
                                          ---------------------------
Assets
Current assets:
 Cash and cash equivalents                $       6,828 $    133,484
 Marketable securities                           42,593       35,605
 Restricted cash                                      -       41,000
 Accounts receivable, net of allowances
  for doubtful accounts                          20,249       11,486
 Inventory                                        4,767        4,982
 Interest receivable                                675        1,099
 Other current assets                             6,882        7,146
                                          ---------------------------
   Total current assets                          81,994      234,802

Investment in and advances to EverQ               70,460       69,045
Deposits                                           1,433        2,087
Restricted cash                                      414          414
Deferred financing costs                           2,434        2,213
Prepaid cost of inventory                              -      119,914
Fixed assets, net                                 50,516       59,691
                                          ---------------------------

Total assets                               $     207,251 $    488,166
                                          ===========================

Liabilities and stockholders' equity
Current liabilities:
 Accounts payable                         $      18,465 $     14,963
 Accrued employee compensation                    2,791        2,993
 Accrued interest                                     -        1,968
 Accrued warranty                                   705          705
 Other accrued expenses                           2,443        3,326
                                          ---------------------------
   Total current liabilities                     24,404       23,955

 Subordinated convertible notes                  90,000       90,000
                                          ---------------------------
   Total liabilities                            114,404      113,955
Commitments and contingencies

Stockholders' equity:
Common stock, $0.01 par value, 150,000,000
shares authorized, 68,066,204 and
100,664,378 issued and outstanding at
December 31, 2006 and June 30, 2007,
respectively                                        681        1,007
Additional paid-in capital                       211,053      505,292
Accumulated deficit                             (119,678)    (133,405)
Accumulated other comprehensive income               791        1,317
                                          ---------------------------

   Total stockholders' equity                    92,847      374,211
                                          ---------------------------

Total liabilities and stockholders' equity $     207,251 $    488,166
                                          ===========================

                Evergreen Solar, Inc. (Nasdaq:ESLR)
          Condensed Consolidated Statements of Operations
               (in thousands, except per share data)


                                 Quarter Ended    Year-to-Date Period
                                                         Ended
                               July 1,   June 30,  July 1,  June 30,
                                 2006      2007     2006      2007
                              ---------- -------- --------- ---------

Revenues                       $  22,048  $15,392  $ 33,614  $ 29,490
Cost of revenue                   21,121   11,952    34,129    23,221
                              ---------- -------- --------- ---------
Gross profit (loss)                  927    3,440      (515)    6,269
                              ---------- -------- --------- ---------
Operating expenses:
 Research and development         3,800    5,233     7,809    10,368
 Selling, general and
  administrative                  6,554    5,447    11,138    10,276
                              ---------- -------- --------- ---------
Total operating expenses          10,354   10,680    18,947    20,644
                              ---------- -------- --------- ---------

Operating loss                    (9,427)  (7,240)  (19,462)  (14,375)

Other income (expense):
 Foreign exchange gains, net      1,419      145     1,959       744
 Interest income                  1,264    2,160     2,602     3,410
 Interest expense                (1,650)    (927)   (3,110)   (1,836)
                              ---------- -------- --------- ---------
 Other income, net                1,033    1,378     1,451     2,318
                              ---------- -------- --------- ---------
Loss before minority interest
and equity loss                  (8,394)  (5,862)  (18,011)  (12,057)
 Minority interest in EverQ         929        -     2,412         -
 Equity loss from interest in
  EverQ                               -   (1,646)        -    (1,670)
                              ---------- -------- --------- ---------
Net loss                       $  (7,465) $(7,508) $(15,599) $(13,727)
                              ========== ======== ========= =========

Net loss per share (basic and
diluted)                      $   (0.11) $ (0.09) $  (0.24) $  (0.18)

Weighted average shares used in
computing basic and diluted
net loss per share               65,789   82,562    64,780    74,824

Evergreen Solar, Inc.
Michael El-Hillow, 508-357-2221 x7708
Chief Financial Officer
investors@evergreensolar.com