February 15, 2007
Evergreen Solar projects first-quarter loss
By Christina Davis
Marlboro-based Evergreen Solar Inc. forecast a first-quarter net loss of $7 million to $7.5 million, as it incurs startup costs at a joint venture factory.
That compares with the $5.5 million net loss Evergreen Solar reported for the fourth quarter. The company said it expects a loss of about $600,000 for its share of joint venture EverQ's first-quarter loss.
Evergreen Solar sees total first-quarter revenue at $13.3 million to $14 million, including $12 million to $12.5 million in product revenue.
For 2006, Evergreen Solar incurred a net loss of $26.7 million on $103.1 million in revenues.
That compares with the $5.5 million net loss Evergreen Solar reported for the fourth quarter. The company said it expects a loss of about $600,000 for its share of joint venture EverQ's first-quarter loss.
Evergreen Solar sees total first-quarter revenue at $13.3 million to $14 million, including $12 million to $12.5 million in product revenue.
For 2006, Evergreen Solar incurred a net loss of $26.7 million on $103.1 million in revenues.
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