Evergreen Solar Inc. (Marlboro, MA), a developer, marketer and manufacturer of photovoltaic products, announced that it plans to offer shares of its common stock in a follow-on public offering of common stock, with expected gross proceeds of $60 million, pursuant to its universal shelf registration statement.
The company expects to grant an option to the underwriters to purchase up to an additional 15% of the shares offered solely to cover over-allotments. All of the shares are being sold by Evergreen Solar.
