Evergreen Solar Saga Continues With Announced Plant Shut Down

Wed, 01/12/2011 - 06:58 EDT - Seeking Alpha

Greentech Media submits: We've followed the travails of Evergreen Solar (NasdaqCM: ESLRD) over the last year and it hasn't been pretty. The company has had warnings from Nasdaq over delisting, painful debt restructuring plans and numerous successive money losing quarters. The firm has lost $54 million through the first nine months of 2010. The firm does have an innovative "string-ribbon" silicon technology that significantly reduces the amount of silicon used in a solar panel. It's a formidable technology but it has been deployed in Massachusetts, a state with formidably high labor, energy and material costs. It's just about impossible to compete against China's silicon solar dragons like LDK, Yingli (YGE), JK Solar, SolarFun (SOLF) and Suntech (STP) from a module factory in New England.Complete Story »

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Evergreen Solar Saga Continues With Announced Plant Shut Down

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