| IPO Company Profile © ipodata.com |
| Message Board | Quote | Chart | News | SEC Filings | Peer IPO Companies |
| Evergreen Solar, Inc. |
| 211 Second Avenue, Waltham, MA 02451 * (781) 890-7117 |
| Business Description | The company develops, manufactures and markets solar power cells, panels and systems that provide reliable and environmentally clean electric power throughout the world. |
| Offering Information Company has | |||
| Trading As | ESLR (NASNTL) | Industry | High-Tech (SIC 3674) |
| Type of Stock Offered | Common Shares | Filing Date | 8/4/00 |
| Domestic Shares Offered | 3,000,000 | Offer Date | 11/1/00 |
| Foreign Shares Offered | 0 | Filing Range | $13.00 - $15.00 |
| Company Shares | 3,000,000 | Offer Price | $14.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.980 |
| Gross Proceeds | $42,000,000 | Selling | $0.550 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 11,057,705 | Employees | - - |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| Banc of America Securities LLC | Lead Manager | (415) 627-2100 |
| CIBC World Markets | Co-manager | (212) 667-7400 |
| FAC/Equities | Co-manager | (518) 447-8641 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 6 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/97 | 12/31/98 | 12/31/99 | 6/30/99 | 6/30/00 | ||
| Revenues | - | - | 0.709 | 1.558 | 2.302 | 1.151 | 1.105 |
| Income from Oper. | - | - | -3.158 | -2.687 | -3.095 | -1.211 | -2.390 |
| Net Income | - | - | -3.056 | -2.522 | -2.932 | -1.113 | -1.875 |
| E.P.S | - | - | -2.070 | -2.000 | -2.400 | -0.990 | -1.790 |
| Revenue Growth (%) | - | - | 119.75 | 47.754 | -4.00 | ||
| Net Income Growth (%) | - | - | - | - | - | ||
| Oper. Profit Margin (%) | - | - | - | - | - | - | - |
| Net Profit Margin (%) | - | - | - | - | - | - | - |
| Cash Flow - Oper. | -2.63 | -1.15 | -2.50 | ||||
| Cash Flow - Inv. | -8.71 | 1.72 | -1.49 | ||||
| Cash Flow - Fin. | 12.65 | - | 5.62 | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 6/30/00 | Financial Ratios | ||||
| Total Assets | 19.52 | Current Assets | 17.06 | Current Ratio | 95.30 |
| Total Liab. | 35.95 | Current Liab. | 0.18 | Debt Ratio | 184.13% |
| Total Equity | -16.42 | Working Cap. | 16.88 | Debt to Equity Ratio | - |
| Cash | 3.10 | Return on Assets | - | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used for expansion of manufacturing operations and distribution network, finance research and development activities, fund operating losses, and provide working capital and general corporate purposes. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Testa, Hurwitz & Thibeault |
| Bank's Law Firm | Goodwin Procter & Hoar |
| Auditor | Pricewaterhouse Coopers LLC |
| Send us feedback if you would like to request that we hyperlink a firm on this page | |
| Principal Shareholders | ||
| Name of Shareholder | % Owned Before | % Owned After |
| Arete Entities | 26.30 | |
| Zero Stage Capital Entities | 15.60 | |
| Nth Power Technologies Fund I, L.P. | 12.30 | |
| Kawasaki Heavy Industries, Ltd. | 11.50 | |
| Swiss Reinsurance Company | 8.50 | |
| Note: represents ownership of 5% or more prior to the offering. | ||