Evergreen Solar (ESLR) Analysis

I have been watching ESLR very closely here. Zachs.com has some interesting thoughts on their progress.

The growth potential of the solar industry as a whole, and Evergreen Solar ESLR in particular with a geographically diversified contractual backlog, remains a compelling story. Positive factors include ongoing expansion programs over the next few years, improving operating efficiencies, and technological upgrades. However, continuing near-term earnings losses due to high start-up costs, significant capital expenditures, oversupply of solar modules, absence of deep pockets unlike its peers, and earnings dilutive stock issuances may present risks to the near-term share price upside potential.

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From 2003 through 2008, as the company recorded net earnings losses since inception, stockholders suffered from negative annual returns-on-equity (ROE).

The Trend Analysis which is FREE HERE indicates the presence of a very strong trend that is being driven by strong forces and insiders.

Historically, year-over-year, operating profit margins remained volatile, and negative, while sales per dollar of assets and financial leverage exhibited relatively high volatility from one year to the next, where the company’s cost of debt remained within a relatively narrow range of 8.9% to 10.1% over this multi-year period. Continue Reading after you get your free analysis below.

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