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Evergreen Solar Q4 revenue up, shares rise
February 7, 2011 / 4:44 PM / 7 years ago

Evergreen Solar Q4 revenue up, shares rise

(Reuters) - Evergreen Solar’s quarterly revenue rose 3 percent on higher shipments, sending the solar maker’s shares up 6 percent.

<p>A worker lines up solar cells for a solar energy panel at Evergreen Solar's headquarters in Marlborough, Massachusetts May 28, 2008. REUTERS/Brian Snyder</p>

October-December revenue increased to $89.3 million as it shipped 47 megawatts during the quarter, 9 percent more than last year.

Analysts on average were looking for revenue of $98.6 million, according to Thomson Reuters I/B/E/S.

Marlborough, Massachusetts-based Evergreen’s shares, which rose to a high of $2.46, were trading up 2 percent at $2.37 on Monday on Nasdaq.

Reporting by Mayuresh Tungare in Bangalore; Editing by Sriraj Kalluvila

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