CEO ACCESS INTERVIEW WITH MARK FARBER OF EVERGREEN SOLAR (NasdaqNM: ESLR)

Last month we profiled Evergreen Solar, Inc., in a feature called Here Comes the Sun (Click Here).  Last week, Evergreen had breaking technology news (Click Here) that StockUpTicks brought you as a follow-up. Today, we have an exclusive interview with the CEO of ESLR, Mark Farber. We have provided some general information about the company and a contact menu as well.

Looking for strong industry fundamentals? How about: An industry that has grown 20% annually for the past 20 years and 30% over the past 5 years. In the past 20 years there has never been a down year. 

Looking for a company within this strong industry? How about, Evergreen Solar, which grew third quarter revenues by 264% compared to the third quarter last year. For the first 9 months of this year, revenues have grown 181% over the previous year. ESLR is trading near cash value and at a deeply discounted 60% of book value. Now those are strong fundamentals. 

International business is booming with sales in Germany increasing fourfold in the quarter. Evergreen has developed strong sales growth internationally due to several key partnerships and distribution agreements with leading international companies including Kawasaki in Japan.  Looking forward, the company plans to increase capacity significantly while lowering its costs. With the market for solar power currently at around $3 billion, the future looks bright for this high growth company. 

Evergreen Solar certainly seems to be moving in the right direction. Evergreen is dedicated to cleaner, more abundant energy and we think you'll like what the CEO has to say about ESLR and its position in the worldwide market of solar power.
 

HIGHLIGHTS OF THE INTERVIEW

+Evergreen is a solar panel manufacturer with advanced technology to lower cost and improve products.

+Since initiating commercial manufacturing (Q1-01), sales are increasing, costs are decreasing and the company has six consecutive quarters of sales growth; a 10x increase in the last 6 quarters.

+Evergreen serves two market segments: Off-grid: most reliable and cost-effective solution if utility power is unavailable and On-grid:  the power of choice for those who want environmentally benign power, independence, reliability.

+Evergreen's proprietary, patented process for making solar panels, called String Ribbon, features less material waste, fewer steps and will eventually lower the cost of solar power.  Evergreen has 18 patents and 6 more patents are pending approval.

+The three founders (CEO, CFO, CTO) of Evergreen came from Mobil Oil’s solar company after they divested.
 

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*** ABOUT EVERGREEN SOLAR ***

The Company primarily sells photovoltaic (PV) modules - the engines of solar electric systems - used in remote power and emerging grid-connected markets. The PV modules produced by Evergreen Solar are distinctive in their appearance because they incorporate proprietary crystalline silicon technology known as String Ribbon. ESLR is also developing solar roofing tiles and other building-integrated solar power products that will accelerate the acceptance and penetration of  solar power products in the building industry. 

The Company's solar panels will be enhanced by its wrap-around solar cells, which are currently under development, to provide simplified interconnection procedures allowing greater range in solar panel design and a distinctive, attractive appearance for on-grid solar systems. The Company's current solar panels range from 47 to 110 watts. The Company's solar panels are certified to international standards for safety and quality.

To view the SEC filings for ESLR, Click Here

For a current quote and a list of recent press releases, Click Here
 

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