Sharing Knowledge in Smallcaps

[timhyma]

Posted this on our Yahoo board, but thought I would get a prespective from the Ihubbers. Comments?

First profiled this on 10 Dec as a DEC-JAN watch @$2.59. Updated the numbers here, and think it is still worth checking out. I may buy some if it dips under $3, as the chart changed from oversold to overbought. These guys are grouped in the semiconductor sector, so not sure how that effects them. In the short term, I think $4.50- $5 is possible. Mid- term (12 months) I agree with the analyst that $7 is achievable. Long term I believe as the renewable industry grow, these guys will become profitable and the stock will flourish (price range $15-20 in 5 yrs- before splits).


ESLR
Evergreen Solar, Inc. develops, manufactures and markets solar power products that are capable of providing reliable and environmentally clean electric power throughout the world. In the Company's String Ribbon technique, strings are pulled vertically through a shallow pool of molten silicon, and the silicon solidifies between the strings to form a continuous ribbon of crystalline silicon. Once the ribbon has reached the desired length, it is cut and prepared for cell fabrication. If its development programs are successful, the Company expects to continue to increase the conversion efficiency and wattage of its solar panels as it expands manufacturing capacity and shifts from 5.6-centimeter-wide String Ribbon wafers to eight-centimeter-wide String Ribbon wafers in 2001. The Company is also developing frameless solar panels, solar roofing tiles and other building-integrated solar power products for the building industry.

. For the nine months ended 9/30/01, revenues fell 1% to $1.6 million. Net loss applicable to Common rose 66% to $8.7 million. Revenues reflect the completion of research contracts in early 2001. Higher losses also reflect higher cost of product revenues related to the expansion of the pilot manufacturing operations.

Recent Price $3.03
Book Value (mrq) $4.10
Total Cash (mrq) $30.0M
Market Capitalization $34.5M
Shares Outstanding 11.4M Float 4.40M
Shares Short 156.0K Percent of Float 3.5%
Insider and 5%+ Owners: 61%
Net Inst. Buying: 1.15M shares


Evergreen Solar, Inc., a micro-cap growth company in the energy sector, is expected to underperform the market over the next six months with very high risk
One or more analysts has modestly increased quarterly earnings estimates for ESLR. Positive
The price-to-sales multiple is significantly higher than the average for all stocks in the StockScouter universe. Negative for a small company like ESLR
• The most recent quarterly earnings report was significantly lower than analysts' consensus forecast. Negative
The price-to-earnings multiple is a negative number. No effect
Over the next 1-2 months, StockScouter forecasts that growth stocks will be in favor, micro-cap stocks will be in favor, and energy stocks will be neutral

Chart says- oversold Overbought
http://clearstation.etrade.com/cgi-bin/details?Symbol=eslr&Refer=http://clearsta tion.etrade.com/cgi-bin/delisted_symbol%3fSymbol%3dersl%26Event%3ddetails
BULLISH
Intermediate trend bullish, uptrend starting
Strong bullish 3 day chart pattern with Mild accumulation
Good bullish 1 day moneyflow at this price level
TARGET 1 Price: 4.3 Profit: 26.5%
POTENTIAL Good, there are 2 resistance areas on the way to Target
Stop Limit/Trailing Stop Limit: 2.76

BEARISH
at resistance

TARGET 1 Price: 1.51 Profit: 55.6%
POTENTIAL Good, there are 3 support areas on the way to Target
Cover Limit/Trailing Cover Limit: 3.8
12 Month Price Target Range
Consensus= $7