SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : ESLR - Evergreen Solar
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: bob zagorin9/17/2008 9:14:11 AM
1 Recommendation   of 112
 
Citi Upgrades Evergreen Solar (ESLR) to Hold
Citi upgrades Evergreen Solar (Nasdaq: ESLR) from Sell to Hold.
Citi analyst says, "With ESLR more clearly defining its exposure to a Lehman
Bros. (NYSE: LEH) bankruptcy, the worst-case scenario is now well defined. The
primary issue is dilution as ESLR might not recover funds on the issuance of
~30MM shares to LEH as part of a share lending agreement. Although ESLR may also
be out the ~$40MM it has paid so far as part of an additional capped call
arrangement with LEH, there is no additional financial obligation...While we
continue to think the time is now to license string ribbon and feel the balance
sheet adds risk to the expansion, these issues appear much better discounted at
current levels."
Evergreen Solar, Inc. develops, manufactures and markets solar power products
enabled by its String Ribbon technology.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News