Evergreen Solar signs sales contracts worth $1B

Evergreen Solar (ESLR) closed yesterday with a 20% move up, after being revealed the latest contracts won by the solar company.

NEW YORK (Associated Press) - Solar panel producer Evergreen Solar Inc. said Thursday it received two long-term sales contracts worth nearly $1 billion.

The company received a $750 million deal with Germany-based Ralos Vertriebs GmbH for panel deliveries starting this year through 2013 and another deal with an unspecified U.S.-based installer.

Evergreen Solar was one of the laggards, in the solar niche, but seems to be catching up nicely with this move.



ESLR is up 2.5% in the pre-market but expect some resistance in the $12 area.

Labels: ESLR, Evergreen Solar, Solar Contracts, solarstocks

posted by Ertai at 9:32 AM