Evergreen Solar (ESLR): That 20% Pop Was Just The Beginning

Yesterday, Evergreen Solar (ESLR) had a banner day in which the company signed two long-term sales contracts and the stock shot up 20%. So now Jeffries gets extra bullish.

Jeffries believes concerns regarding capital needs are priced into the stock and that future growth prospects justify a higher valuation.

Jeffries maintains BUY, target from $10 to $16.

See Also:
We Love Evergreen Solar (ESLR) and SunPower (SPWR), But First Solar (FSLR) is a Dog
First Solar (FSLR), SunPower (SPWR), Evergreen (ESLR): Margins To Expand, Driving Stocks Higher

Evergreen Solar (ESLR) Hot; Akeena Solar (AKNS) Cool


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