Evergreen Solar  Symbol: ESLR

Chosen At $11.07 A Share

Stop - Loss $10.50 - Hit On Earning Disappointment 4/17/08

Target of $18.00

Solar Sector Still Good Long Term Investment

Evergreen Solar, INC. develops, manufactures, and markets solar power products primarily in Europe and the United States. The company has developed proprietary techniques developing the solar panels called the "Sting Ribbon" Process. This process involves manufacturing ribbons of crystalline silicon, which are then cut into wafers. These silicon wafers are the primary component of the photovoltaic cells that are used to produce solar energy.

The companies primary product is the actual solar wafer, which is a flat piece of crystalline silicon that can be processed and assembled into a solar cell. The solar cell is the mechanism by which the silicon wafer converts sunlight into electricity. The actual definition of a solar panel is the assembly of multiple solar cells that are electrically interconnected and laminated for electric power generation on a large scale.

Evergreen Solar sells its products through distributors, system integrators, and value-added resellers. It has a strategic partnership with Q-Cells AG. The company was founded in 1994, and is headquartered in the "Silicon Valley of the East" also known as Massachusetts, and specifically located in the state within the city of Marlborough.

Market Cap (Intraday): 1.38B

Enterprise Value (8-Apr-08): 1.30B

Price/Sales (ttm): 18.79

Price/Book (mrq): 2.82

Enterprise Value/Revenue (ttm): 18.65

Enterprise Value/EBITDA (tth): -71.752

Share Statistics

Average Volume (3 Month): 5,686,710

Average Volume (10 Day): 7,336,110

Shares Outstanding: 120.99M

Float: 103.21M

Percent Held By Insiders: 14.92

Percent Held By Institutions: 57.50

Shares Short (as of 11-Mar-08): 16.87M

Short Ratio (as of 11-Mar-08): 4

Short Percent Of Float (as of 11-Mar-08): 14.20

Shares Short (prior month): 14.61

Company Website is EvergreenSolar.com

REASON FOR PICK

With global warming a key factor in the upcoming Presidential election, solar panel makers or any company having to do with alternative energy is a winner.

The democratic candidate is likely to get elected in the general election, and will be giving huge tax breaks, and benefits to United States based solar companies.

The recent pull back in the solar sector has created buying opportunities.

The recent three month slide after reaching a 52 week high of $18.85 has technically been broken along with a clear break up through its 50 and 200 day moving averages.

The company has recently signed a 6 and 10 year contract, and is expanding it's current US plant to try and supply the growing demand.

The Wall Street Journal says that Washington Mutual is in talks with private equity firm TPG, INC about a possible five billion dollar investment into the solar sector.

Washington Mutual just secured seven billion dollars from a group of investors led by David Bonderman's TPG, INC. after losses on subprime loans ate up capital and erased seventy four percent of its market value.

BUY: ESLR $11.07 - TARGET: $18.00 - STOP LOSS $10.50