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Evergreen Solar information


Evergreen Solar
Company typePublic OTC Pink: ESLRQ
IndustryRenewable Energy
HeadquartersMarlborough, Massachusetts; United States
ProductsSolar Cells
RevenueIncrease US$112 Million (FY 2008)[1]
Operating income
Decrease US$-75.0 Million (FY 2008)[1]
Net income
Decrease US$-84.9 Million (FY 2008)[1]
Total assetsIncrease US$1.00 Billion (FY 2008) [2]
Total equityIncrease US$520 Million (FY 2008)[2]
Websitewww.evergreensolar.com

Evergreen Solar, Inc. was "a fully integrated manufacturer of solar panels producing wafers, cells and panels."[3] On August 15, 2011, the company filed for Chapter 11 reorganization with the intent of selling its assets.[4][5][6]

Evergreen Solar was founded in 1994 and until bankruptcy traded on the NASDAQ exchange.[7] Evergreen produced proprietary "String Ribbon" solar cells for the photovoltaics industry. The company announced plans to close its main American factory and lay off the 800 workers there by March 2011. Evergreen is shifting production to China where it has a joint venture. The company received $21 million from Massachusetts, covering part of the cost of the Devens factory.[8]

  1. ^ a b c Evergreen Solar (ESLR) annual SEC income statement filing via Wikinvest
  2. ^ a b Evergreen Solar (ESLR) annual SEC balance sheet filing via Wikinvest
  3. ^ "Unbiased Home Solar Panel Advice - National Council for Solar Growth". evergreensolar.com. Archived from the original on 2017-01-12. Retrieved 2018-07-20.
  4. ^ Greentechmedia. "Evergreen Files for Chapter 11 Plans to Sell Assets."
  5. ^ "Evergreen Solar Seeks Bankruptcy With Plans to Sell Itself". Bloomberg.com. Retrieved 2018-07-20.
  6. ^ "Technology | Boston Herald". www.bostonherald.com. Retrieved 2018-07-20.
  7. ^ "Evergreen Solar Key Facts". Archived from the original on 2007-06-26. Retrieved 2007-05-29.
  8. ^ Bradsher, Keith (15 January 2011). "Solar Panel Maker Moves Work to China". The New York Times. Retrieved 2018-07-20.

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