The last quarter of 2009 was a good quarter for solar cell manufacturer Evergreen Solar, led the $ 74,500,000 in sales. The positive results that bring solar energy company closer to the goal of $ 1.50 per watt of solar output and moving production to China.
Despite the fact that successful $ 74,500,000 in sales, said the $ 77,700,000 in the third quarter, Evergreen Solar, the gross margin has improved as well as other factors, in the last quarter.
Gross margin for Evergreen Solar has grown to 11.9 percent in the fourth quarter from 7.1 percent in the third quarter.
The fourth quarter saw a number of solar companies send 31.9 megawatts of solar energy products $ 2.32 per watt through its facilities in Devens, Massachusetts.
Evergreen Solar CEO Richard Feldt said that performance was important from its plant in Devens, because they help the company will meet its target of 2 million cost per watt.
Moving operations in China will also help reduce the cost per watt for solar products. Feldt said the plan to reduce the cost of $ 1.50 Devens Watt in 2011.
The operating loss for the fourth quarter was also a high floor: $ 21,100,000 compared to the third quarter of $ 6,000,000. The loss was non-cash charges of approximately U.S. $ 14,600,000 by the devaluation of the above causes the unit to cancellations resulting from the proposed transfer of the plant in Devens in China.
A management team of China was founded and is currently recruiting engineers and support staff at the headquarters of 100 megawatts.
Evergreen Solar is the manufacturer's own brand of String Ribbon solar cells. The company says it will be less on the polysilicon-wafer technology in traditional methods. Evergreen Solar has recently completed two investor conferences on 23 February and 24 introduced another in the fifth edition of the Piper Jaffray Clean Technology and Renewable Energies held in New York and the other at the Kaufman Bros., LP Second Annual Report The Green Technology in Boston, respectively. The achievements of the Company's business strategy and the latter were presented at the meeting. The papers presented can be accessed by investors on its website, www.evergreensolar.com.
It was also in February, when he helped Evergreen Solar Constellation Energy (NYSE: CEG) has (awarded AEE - DO) on two of the best energy projects in New England in 2010 by the Association of Energy Engineers New England Chapter. Solar plant to Constellation Energy named in Patriot Place, the project was the best renewable energy in New England, during the conservation program launched by the Energy Constellation Energy Bristol Community College to life at the top of the list of energy projects, the universities of New England. Evergreen Solar in Marlboro, Massachusetts, had more than 2,600 photovoltaic solar cells used to make the Patriot Place made 30 percent of its energy needs.
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