Evergreen Solar sees price declines in second half

U.S. solar company Evergreen Solar Inc (ESLR) said on Wednesday it expects to see some pricing pressure in the second half of 2010, following forecast incentive cuts in Germany, the world's No. 1 solar market.

The government there is set to reduce most of the mandated prices paid for electricity from German solar arrays starting in July, with proposed cuts of 16 percent for rooftop panels.

Speaking on a conference call with investors, executives at Evergreen Solar also said the company's project to expand operations in China is on track.

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Labels: ESLR, Evergreen Solar, Solar Stocks, Solar Technology

posted by Ertai at 10:02 AM