Evergreen Solar, Inc. (ESLR)

Evergreen Solar, Inc. (Nasdaq: ESLR), incorporated in August 1994, develops, manufactures and markets solar power products enabled by its own process for manufacturing crystalline silicon wafers, which are the primary components of photovoltaic cells.

Evergreen solar is along with Daystar technologies, one of the worst performers of the whole group of solar technology stocks. But that may change soon, with not only Crude Oil going higher but with speculative future results of solar technology as a whole and Evergreen Solar in particular.

The downtrend on this stock is getting weaker, and harder to make new lows. Recent upgrades and the recent rise on the whole industry could make this company very attractive to the technical investors/traders.
Rising above $10 could bring some momentum in this stock, as the whole solar industry sector is being reevaluated, and if ESLR turns out to be the most undervalued stock in the group.



Evergreen Solar has a rising Gross profit in the latest quarters, and a steady net income this year, going into black probably in the next 6 to 12 months.

Probably not the most attractive solar stock in terms of fundamental analysis, but the most promising on a possible technical reversal in the next year if it breaks above the $10 barrier.

Zacks analyst recently upgraded Evergreen solar to $9.75

There is a more detailed financial statement in Google finance

You can check more information on Evergreen Solar's homesite.

Solar Stocks Blog will be analyzing these solar tech stocks in the next days:
Spire Corp. (SPIR), MEMC Electronics (WFR), Energy Conversion Devices (ENER), SunPower Corp (SPWR), SunTech Power (STP), Daystart Tech. (DSTI)

posted by IntoBlogs at 7:34 PM