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Evergreen Solar Analyst Day Can Stem the Tide of Losses

Evergreen Solar Inc. (ESLR) is down about 24% since it hit a May 22 high of $12.12 on the back of a slew of solar panel contracts, though there is one thing that could stem the tide of losses; the solar power product manufacturer is holding an analyst day next Thursday. Evergreen Solar Chairman and CEO Richard Feldt, CFO Michael El-Hillow and other members of the executive team are expected to provide a strategic overview of the company’s business through a series of presentations followed by a factory tour of the company’s new wafer, cell and string ribbon solar panel manufacturing facility. These events are typically meant to drum up support in the investment community with the objective of getting the analysts to become firm believers in the company’s business plan - it’s also noteworthy to mention that this will be webcasted, a great move by the investor relations department to reach the investing public. And it’s usually a successful tactic because often following a meeting, an analyst will publish a positive note reiterating a bullish forecast, for instance, because of renewed confidence in the management team.

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