Today's stock selection:
ESLR Evergreen Solar
Reference: S&P's Outlook
Shares rose 10% on June 19 after
Evergreen landed two long-term sales
contracts, totaling $600 million, with
U.S.-based groSolar and Germanybased
Wagner & Co. Solartechnik.
This followed $1 billion of contracts
in May. Production at the
Massachusetts plant is slated to commence
in July. The cash needed for the
current expansion is likely to bring
one last dilutive deal, but we project
strong cash flow starting in 2010. We
still see a loss of $0.10 a share in
2008, but we raised our 2009 earnings
forecast by $0.10 to $0.65.
Evergreen Solar, Inc. develops, manufactures, and markets solar power products primarily in Europe and the United States. It utilizes its proprietary ?String Ribbon' technology process in manufacturing ribbons of crystalline silicon, which are then cut into wafers
http://www.socialpicks.com/astuk/
Good prospects for this stock
$9.85 (06/27/08)
