Evergreen Solar (ESLR) NewsBite - ESLR Upgraded By Citigroup

Wednesday, September 17, 2008 1:05 PM EDT

Evergreen Solar (ESLR) was upgraded today by analysts at Citigroup and the stock is now at $4.91, up $0.52 (11.82%) on volume of 18,111,690 shares traded. The broker upgraded ESLR to "Hold" from "Sell." Over the last 52 weeks the stock has ranged from a low of $3.30 to a high of $18.85. Evergreen Solar stock has been showing support around $2.88 and resistance in the $5.24 range. Technical indicators for the stock are neutral and S&P gives ESLR a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ESLR the stock seems like it could be a candidate for a January covered call above the 5 range. [ABR-Seven Summits Strategic Investments NewsBite]

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