Evergreen Solar Plans $230M Secondary Offering

Rebecca Zacks2/4/08

Marlboro, MA’s Evergreen Solar (NASDAQ: ESLR) has registered for an underwritten public offering of up to 20 million shares of its common stock. The maker of solar-power products, a greentech success story that went public in 2000, expects to net $231.9 million in the deal, and up to $266.8 million if underwriters exercise a 3-million share over-allotment option.