Evergreen Solar Looking to Generate $65M

Evergreen Solar, a company in the solar panel industry that makes and markets silicon wafers, has announced that they are selling more than $65 million worth of common stock. In total, Evergreen Solar will make 37 million shares available at a price tag of $1.80 per share.
The company said that part of the money will be used for many purpose. First, part of the money will be used to purchase equipment in their Midland, Michigan factory. Second, the money could go toward paying money to a joint venture. Next, the money is intended to be used to build a wafer …read more