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  Future of ESLR???
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From: nkatta...@gmail.com - view profile
Date: Thurs, Jul 24 2008 2:16 pm
Email: nkatta...@gmail.com
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Hi all,
I recently bought some shares of ESLR at around $10.  Since then the
stock has gone down.  I'll be honest in saying I have not done any
research nor read any balance sheets, etc.  Bad move, yes I know.  Can
anyone please offer any insight as to where they "see" ESLR in the
next 6-12 months.  It would be great if people could back up their
numbers with actual data (recent news, etc).
Thanks!

From: E.Duesterh...@gmail.com - view profile
Date: Thurs, Jul 24 2008 5:52 pm
Email: E.Duesterh...@gmail.com
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From: mark.mcdonald@gmail.com - view profile
Date: Thurs, Jul 24 2008 7:06 pm
Email: "mark.mcdon...@gmail.com" <mark.mcdon...@gmail.com>
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We expect total revenues to increase 67% in
2008, followed by a ***277% rise in 2009***.We see
these forecasted gains driven by sales from
ESLR's second (expected to start up in the summer
of 2008) and third U.S. plants (start-up expected
in early 2009).

In July 2008, ESLR signed a $1.2 billion sales
contract with Germany-based IBC Solar AG, extending
through 2013, and bringing Evergreen's
backlog to about $3 billion with five customers.
The other contracts include deals (extending
through 2012) with U.S-based groSolar and Germany-
basedWagner & Co Solartechnik, signed
in June 2008 and valued at a total of $600 million,
and two agreements signed in May, for the
delivery of a total of $1 billion of solar panels
through 2013.

We think ESLR's future prospects are very favorable.
Beyond its nearly $3 billion of longterm
solar panel sales contracts reached since
May 2008, we think the company's business will
expand substantially over the next few years.
We think those factors far outweigh the execution
risk of Evergreen getting its new production
plants up and running efficiently. Based on
these factors and our relative analysis, we consider
ESLR shares highly undervalued.

-S&P's Michael W. Jaffe on July 22, 2008

------------------

$16 price target = 25x 2009 PE

FSLR trades at 100x PE

***ESLR at 50x 2009 PE = $32, that being just under a 300% advance
from mid-2008's share price**** Other than a weak market, a forecast
for weak margins, and $19, there isn't much in the way of this 300%
price rise over the next 18 months or so...

------------------

Wall Street Consensus vs. Performance

For fiscal year 2008, analysts estimate that ESLR
will earn $-0.24. For fiscal year 2009, analysts
estimate that ESLR's earnings per share will grow
by 296% to $0.47.

-------------------

Thomson Consensus

Sell = 1
Underperform = 1
Hold = 9
Buy = 11
Strong Buy = 7

-------------------

Some other analysts, not sure if I got 'em all...

Janco Partners, Buy, $12 target
Wedbush Morgan, Buy
Caris & Company, Above Average, $11 target
Lehman Brothers, Equal Weight, $15 target
Jefferies & Co, Buy, $16 target
Stanford Financial, Buy, $12.50 target
Kaufman Brothers, Buy, $18 target
Ardour Capital, Accumulate, $12 target
Merriman Curhan Ford, Buy
UBS, Buy
Lazard Capital, Buy
Citigroup, Sell, $8 target

----------------------

Note that other than Citigroup's $8 target, there isn't much downside
to this stock at current levels, according to the analysts.

----------------------

Hope this reassures some worried investors.


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