Evergreen Solar Plans $230M Secondary Offering

Marlboro, MA’s Evergreen Solar (NASDAQ: [[ticker:ESLR]]) has registered for an underwritten public offering of up to 20 million shares of its common stock. The maker of solar-power products, a greentech success story that went public in 2000, expects to net $231.9 million in the deal, and up to $266.8 million if underwriters exercise a 3-million share over-allotment option.

Author: Rebecca Zacks

Rebecca is Xconomy's co-founder. She was previously the managing editor of Physician's First Watch, a daily e-newsletter from the publishers of New England Journal of Medicine. Before helping launch First Watch, she spent a decade covering innovation for Technology Review, Scientific American, and Discover Magazine's TV show. In 2005-2006 she was a Knight Science Journalism Fellow at MIT. Rebecca holds a bachelor's degree in biology from Brown University and a master's in science journalism from Boston University.