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Technology Stocks : ESLR - Evergreen Solar
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From: bob zagorin9/24/2008 4:48:53 PM
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S&P MAINTAINS HOLD OPINION ON SHARES OF EVERGREEN SOLAR (ESLR; 6.24):

Shares of ESLR and its peers are up sharply today, after Senate approves eight-year extension of solar energy tax breaks. House and Presidential approvals are still needed, but these are expected. Much of ESLR's planned production for the next few years is already contracted, but we think tax credit news should raise ESLR's valuation. We are hiking our target price by $2 to $6.50, or some 14 times our 2009 EPS estimate. But given tight financing markets, we would not add to positions. -M. Jaffe
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