Finally a USA based Solar besides FSLR that makes Billion dollar news.
Evergreen Solar signs sales contracts worth $1B
Thursday May 22, 9:03 am ET
Evergreen Solar signs sales contracts worth nearly $1 billion
MARLBORO, Mass. (AP) -- Solar panel producer Evergreen Solar Inc. said Thursday it received two long-term sales contracts worth nearly $1 billion.
The company received a $750 million deal with Germany-based Ralos Vertriebs GmbH for panel deliveries starting this year through 2013 and another deal with an unspecified U.S.-based installer.
Evergreen Solar said it will make the panels at its plant in Devens, Mass.
"We will enter into selective long-term supply agreements with additional companies that also bring differentiated value to their customers and serve markets that are at the forefront of solar growth," Richard M. Feldt, Evergreen Solar's president and chief executive, said in a statement.
Shares of the company soared $1.43, or 16 percent, to $10.53 in premarket trading. The stock, which is down 47 percent in the year to date, closed Wednesday at $9.10.