(EMAILWIRE.COM, May 24, 2008 ) BeaconEquity.com announces the publication of “Evergreen Solar Inc. (ESLR) Enters Supply Agreements worth Almost $1 Billion”
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Evergreen Solar Inc. (ESLR) Enters Supply Agreements worth Almost $1 Billion
"The increasing demand for energy, coupled with rising environmental concerns, triggered energy companies to find alternative sources of energy, causing increases in solar energy demand. Solar or photovoltaic cells, used to convert sunlight into energy, are also constantly increasing in demand. Among the common uses of PV cells are calculators, sidewalk lighting systems, and along side freeways to power phones for stranded motorists.
“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.
“Evergreen Solar shares surged 20 percent in yesterday's trading after it announced two long-term sales contracts worth nearly $1 billion. The first contract is worth $750 million with Germany-based Ralos Vertriebs GmbH for panel deliveries starting this year through 2013. Another deal, worth about $250 million…”
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Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
press@beaconequity.com
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Beacon Equity Research
Jeff Bishop
(469)-252-3505
press@beaconequity.com
