Piper Sees More Upside For Evergreen Solar (ESLR) Too

Jeffries thinks Evergreen Solar (ESLR) is going to $16 and Piper Jaffray agrees.

After ESLR’s analyst day (and $600 million in new contracts), Piper saw two principal reasons to get more buliish:

  • Piper believes the company’s cost advantage is sustainable through 2010.
  • The firm anticipates production upside with another capacity expansion announcement.

Piper reiterates BUY on Evergreen Solar (ESLR), target price to $16.

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

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