Evergreen Solar (NASDAQ:[[ticker:ESLR]]), a manufacturer of low-cost silicon-based solar power products, will offer $60 million in common stock, the Marlboro, MA-based company announced today. Proceeds from the offering are intended for the construction of a new factory in Wuhan, China, and the expansion of a facility in Midland, Michigan. Last year Evergreen closed its Marlboro, MA, facility and opened a factory in Devens, MA. The company posted a net loss of $64.3 million for the first quarter of 2009.
Author: Roxanne Palmer
Roxanne Palmer is interning at Xconomy's Boston office this summer. She is currently pursuing a master's degree in science and medical Journalism at Boston University after graduating from Brown in 2008 with a degree in English. Her thesis was on Herman Melville's Civil War poetry.
When not chronicling the ups and downs of Boston's tech industry, Roxanne enjoys drawing, swimming, and birdwatching.
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