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Article: MONEY BRIEFS.(MONEY)
- Article from:
- Telegram & Gazette (Worcester, MA)
- Article date:
- May 21, 2009
CopyrightCOPYRIGHT 2009 Worcester Telegram & Gazette. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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COLUMN: MONEY BRIEFS
Evergreen Solar grows
MARLBORO - Evergreen Solar Inc., a maker of solar power panels and products, is offering $60 million in common stock to raise money for operations in China and Michigan.
The company said yesterday it expects to grant Piper Jaffray & Co., the underwriter, a 30-day option to buy up to $9 million in additional common stock.
The company said proceeds from the offering will go to fund a wafer-manufacturing facility in Wuhan, China, assuming the Wuhan government provides or facilitates financing for two-thirds of the expansion. Money could also be used to buy equipment for a plant expansion in ...