Evergreen Solar (ESLR) To Finance New Plant With $60 Million Public Offering
Posted by adminJul 12
Evergreen Solar just announced a public offering of its common
stock, worth $60 million. Piper Jaffray and Co is the underwriter for
the offering, and Evergreen Solar intends to give them a 30-day option
to buy an additional $9 million worth of stock. Per a company press release, the money raised from the offering will be used to finance the plant Evergreen plans to build in Wuhan, China: Evergreen Solar intends to use the net proceeds from…
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