Wednesday, March 9, 2011

Evergreen Solar (ESLR) Down After Hours on Fourth Quarter Financial Results

Revenues for the fourth quarter of 2010 were $89.3 million, up 3.2% sequentially compared to third quarter revenues of $86.5 million. Average selling price for the fourth quarter of 2010 was $1.90 per watt, down approximately 6% from $2.02 per watt recorded in the third quarter of 2010.

4 comments:

getyourselfconnected said...

First NFLX, now solars and wonders like JDSU! What's happening to our vaunted MOMO recovery?

CP said...

Well.. ESLR was never a high-flier.

But, yes, there has been a pretty big shift taking place in the "momentosphere".

LangoneRedStudyGroup said...

Considering the high flyer status these companies had a few years ago (at least FSLR), some of these have actually grown into their valuation decently. First Solar FPE Of 12, GT Solar FPE of 7.

They almost look like values here, but I'm concerned about electric prices being flat for a very long time (with NG prices at $4/MCF) and an awful lot of supply coming online in the next few years. This industry could be like the hard drive industry - lots of innovation but awful difficult to brand or differentiate..

CP said...

Yes, there are some big cap solar companies now that look to be survivors.

There are LOTS of industries that have changed the world and changed their shareholders' (and, sometimes, bondholders') pockets to empty.