News

Evergreen Solar Announces Public Offering of Common Stock

May 16, 2007 by Jeff Shepard

Evergreen Solar, Inc. announced that it has filed a preliminary prospectus supplement to its existing shelf registration statement with the U.S. Securities and Exchange Commission relating to an underwritten public offering of 15,000,000 shares of its common stock. The underwriters will also have a 30-day option to purchase up to 2,250,000 additional shares of common stock from the company in the event the underwriters sell more than 15,000,000 shares in the offering.

Lehman Brothers Inc. will act as sole book-running manager of the offering and Piper Jaffray, Cowen and Company and Pacific Growth Equities, LLC will act as co-managers. The shelf registration statement relating to the foregoing has previously been filed and declared effective by the Securities and Exchange Commission.