Evergreen Solar extends sales agreement from $200m to $510m

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Evergreen Solar is on a big sales roll. They have just increased their sales agreement with Sun Edison by more than 2 and a half times to $510m - and this boosts the total value of Evergreen sales agreements announced in the past 16 months to more than $1 billion.

Since my last post on their disappointing Q4 results, the stock has picked up quite a bit. But the longer term trend since 2003 as I wrote in an earlier post is clearly in the right direction.

What I think is particularly smart about Evergreen is not so much their string ribbon technology, but their partnerships with 2 of the largest silicon producers in the world, Q-Cells and REC - said Evergreen's President, Richard M. Feldt on the relationship;

"The ongoing expansion of EverQ - our partnership with Q-Cells and Renewable Energy Corporation - and a secure, long-term supply of refined silicon enable us to forge long-term customer agreements with solar industry leaders."

Amen to that !

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