Saturday, April 30, 2011

Waiting for News from Evergreen Solar (ESLR)

I was a bit surprised that Evergreen Solar did not announce any kind of debt exchange offer or restructuring plan on Friday after hours, which would have given investors the weekend to think about it.

Based on their preannouncement this week, it seems clear that some kind of deleveraging will have to take place, and there is no sense delaying it. Maybe they are waiting until Q1 financials are finished before announcing another offer?

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