EVERGREEN SOLAR - 500 Beiträge pro Seite

[bbe]

@all

beobachte diese firma schon seit dem ipo, allerdings nut technisch.
fundamental hab ich noch nixx gesucht.
würde mich angesichts der aktuellen situ über meinungen und fundamentale
beiträge freuen.

hier der chart, der gasamte sektor scheint aufzuwachen.



grüße
bbe

[bbe]

Evergreen Solar, Inc. Reports Third Quarter 2000 Results

WALTHAM, Mass., Dec 15, 2000 (BUSINESS WIRE) -- Evergreen
Solar, Inc. (Nasdaq:ESLR), a developer, marketer, and manufacturer
of photovoltaic (solar power) panels for the worldwide market, today
announced results for the third quarter ending September 30, 2000.

Product revenues for the three months ended September 30, 2000
were $109,000, an increase of 173% from $40,000 for the same period
in 1999. Research revenues for the third quarter were $420,000, as
compared to $670,000 for the same period last year. On a pro forma
basis, net loss was $1.3 million, or $0.16 per share, for the third
quarter of 2000. Pro forma share information reflects the conversion of
all outstanding shares of the Company`s convertible preferred stock
into shares of common stock, which occurred upon the completion of
the Company`s initial public offering in November 2000, as if such
conversion had occurred as of September 30, 2000. The reported pro
forma per share loss amounts do not include shares issued in the
initial public offering. Net loss attributable to common stockholders for
the third quarter of 2000 was $2.1 million, or $2.45 per common share,
as compared with a net loss of $915,000, or $1.14 per common share,
for the third quarter of 1999.

For the nine months ended September 30, 2000, product revenues
were $206,000, a 70% increase from $121,000 for the same period a
year ago. Research revenues for the nine months ended September
30, 2000 were $1.4 million, as compared to $1.7 million for the first
nine months of 1999. On a pro forma basis, net loss for the nine
months ending September 30, 2000 was $3.2 million, or $0.40 per
share. Net loss attributable to common stockholders for the nine
months ended September 30, 2000 was $5.2 million, or $6.34 per common share, as
compared to $2.6 million, or $3.28 per common share, for the same period last year.

At September 30, 2000, cash, cash equivalents and short-term investments totaled $14.0
million. In November 2000, the Company completed the sale of 3,000,000 shares of its
common stock in its initial public offering, at a price to the public of $14 per share, resulting in
net proceeds to the Company of approximately $38 million.

"The third quarter reflected our continued dedication to build for the future," commented Mark
A. Farber, Chief Executive Officer of Evergreen Solar. "During the quarter, we saw a
significant increase in sales to Kawasaki Heavy Industries, our Japanese marketing partner,
which was supported by record production from our capacity-constrained pilot line. We
initiated construction of our new manufacturing and headquarters facility in Marlborough,
Massachusetts, where we expect to relocate in early 2001. We also made significant
progress on the development of our String Ribbon wafer manufacturing technology in
anticipation of a shift from 56mm to 80mm wide wafers next year."

"Our focus in 2000 is positioning for the move to our new Marlborough facility and commercial
scale-up in 2001," Mr. Farber added.

The Company will not hold a conference call to discuss the third quarter 2000 results. The
Company anticipates hosting its first earnings conference call as a public company following
the release of fourth quarter and full year 2000 results.

About Evergreen Solar, Inc.

Evergreen Solar, Inc. (http://www.evergreensolar.com) develops, manufactures, and markets
solar power products utilizing the Company`s patented solar power technologies. The
products provide reliable and environmentally clean electric power in global markets. Solar
power applications include wireless power for remote homes, water pumping, lighting, and
rural electrification, as well as complete power systems for electric utility customers choosing
to generate their own environmentally benign green power.

Evergreen Solar(R) is a registered trademark and String Ribbon(TM) is a trademark of
Evergreen Solar, Inc.

This press release contains forward-looking statements made pursuant to the safe harbor
provisions of Section 21E of the Securities Exchange Act of 1934. The Company cautions
you that any statements contained in this press release which are not strictly historical
statements, including, but not limited to, statements regarding management`s expectations
regarding the relocation of the Company`s office and manufacturing facilities and plans and
objectives for future manufacturing scale-up, product plans and performance, future market
opportunities, and other business and technology strategies and intentions, constitute
forward-looking statements. These statements may be identified with such words as "we
expect", "we believe", "we anticipate" or similar indications of future expectations. These
statements are neither promises nor guarantees, and involve risks and uncertainties which
could cause actual results to differ materially from such forward-looking statements. Such
risks and uncertainties include, among other things, the following factors: the Company is at
an early stage of development and has only a limited operating history; the market for solar
power products is emerging and rapidly developing, and market demand for solar power
products such as the Company`s products is uncertain; the Company expects to derive a
substantial portion of its revenues in the future from sales of new solar power products and
technologies which are currently under development and not yet commercially available, and
the Company`s business and results of operations will suffer materially if it fails to
successfully develop these new solar power products and technologies; the Company has
limited experience manufacturing large volumes of solar power products on a commercial
basis at acceptable costs, which it will need to do in order to be successful; the Company`s
business and results of operations could be materially impaired if the Company fails to
successfully complete construction of and relocate to its new manufacturing facility in
Marlborough, Massachusetts on schedule; the Company`s future success depends
significantly upon the success of its strategic distribution and marketing relationship with
Kawasaki Heavy Industries Ltd. of Japan, which the Company expects to account for a
substantial portion of the Company`s product revenues for the foreseeable future; the
Company`s management team has only limited experience managing a rapidly growing
company on either a public or private basis; the Company faces intense competition from
other companies producing solar power and other distributed energy generation products; the
market for products such as the Company`s solar power products is heavily influenced by
federal, state, local and foreign government regulations and policies, as well as the availability
and size of government subsidies and economic incentives, over which the Company has little
control. In addition to the foregoing factors, the other economic, competitive, governmental,
technological and other factors identified in the Company`s Prospectus filed with the
Securities and Exchange Commission on November 2, 2000 (a copy of which may be
obtained at the SEC`s web site at: http://www.sec.gov) could impact the forward-looking
statements contained in this press release. Readers should not place undue reliance on any
such forward-looking statements, which speak only as of the date they are made. The
Company disclaims any obligation to publicly update or revise any such statements to reflect
any change in Company expectations, or in events, conditions, or circumstances on which
any such statements may be based, or that may affect the likelihood that actual results will
differ from those set forth in the forward-looking statements.

Evergreen Solar, Inc. (Nasdaq:ESLR)
Statements of Operations
(in thousands except share and per share data)
(Unaudited)
Three months ended Nine months ended
September 30, September 30,
1999 2000 1999 2000
Revenues:
Product revenues $40 $109 $121 $206
Research revenues 670 420 1,740 1,428
Total revenues 710 529 1,861 1,634
Operating expenses:
Cost of product revenues 159 683 606 1,653
Research and development expense 888 766 2,222 2,461
Selling, general and
administrative expenses 307 520 888 1,239
Stock-based compensation expense -- 110 -- 220
Total operating expenses 1,354 2,079 3,716 5,573
Operating income (loss) (644) (1,550) (1,855) (3,939)
Net interest income 34 231 133 746
Net income (loss) (610) (1,319) (1,722) (3,193)
Accretion of redeemable
convertible preferred stock 305 797 914 2,053
Net income (loss) attributable
to common stockholders $(915) $(2,116) $(2,636) $(5,246)
Net income (loss) per
common share
(basic and diluted) $(1.14) $(2.45) $(3.28) $(6.34)
Weighted average shares used
in computing basic and
diluted net income
(loss) per common share 803 864 803 827
Unaudited pro forma basic
and diluted net income
(loss) per common share $ (0.16) $(0.40)
Weighted average shares
used in computing
unaudited pro forma basic
and diluted net income
(loss) per common share 8,112 8,075

Evergreen Solar, Inc. (Nasdaq:ESLR)
Balance Sheets
(in thousands)

December 31, September 30,
1999 2000
(Unaudited)
Cash and cash equivalents $ 1,466 $ 3,295
Short-term investments 12,989 10,702
Accounts receivable 299 233
Unbilled grant receivable 96 43
Subscription receivable for
Series D preferred stock 400 --
Inventory 134 298
Other current assets 125 549
Total current assets 15,509 15,120
Restricted cash -- 464
Fixed assets, net 809 3,657
Total assets $ 16,318 $ 19,241

Total current liabilities $ 527 $ 954
Total redeemable convertible preferred stock 29,293 36,563
Total stockholders` equity (deficit) (13,502) (18,276)
Total liabilities, redeemable
convertible preferred stock and
stockholders` equity (deficit) $ 16,318 $ 19,241
CONTACT: Evergreen Solar, Inc.
Richard G. Chleboski, 781-890-7117
mailto:[e-mail]
URL: http://www.businesswire.com
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Copyright (C) 2000 Business Wire. All rights reserved.

-0-

KEYWORD: MASSACHUSETTS
INDUSTRY KEYWORD: ENERGY
UTILITIES
EARNINGS

[bbe]

gesamte , sorry, das jever von gestern....!

[Megapol]

Gibt es irgendwelche Einschätzungen zu Evergreen Solar. Inzwischen steht ja die 0 vorm Komma.