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Tuesday, April 03, 2007

Evergreen Solar, Inc - technical indicator and news increase share price

Bullish 50/200-day MA Crossovers (NASDAQ)
Evergreen Solar, Inc (ESLR)
In addition to todays news - the company showed a technical indicator bullish break out on stockcharts.com
todays news adds to the momentum or maybe was anticipated- the stock is currently up on the day -. 62 at time of this posting

Evergreen Solar, Inc. (Nasdaq: ESLR ) a manufacturer of solar power products with its proprietary, low-cost String Ribbon(TM) wafer technology, today announced a major extension of its sales agreement with SunEdison. The extension increases the total value of the contract to over $510 million, boosting the total value of Evergreen sales agreements announced in the past 16 months to more than $1 billion.

The initial $200 million agreement was announced in July 2006. Under the terms of the contract extension, Evergreen Solar will ship an additional $316 million of photovoltaic (PV) modules to SunEdison through 2011.

Note- this is not a recommendation to buy or sell this stock

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