Evergreen Solar and Q-Cells Announce Partnership with REC

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evergreen_logo.gifEvergreen Solar Inc (ESLR) and Q-Cells AG (QCE.DE), the world’s largest independent manufacturer of crystalline silicon solar cells, today announced a partnership with Renewable Energy Corporation ASA (REC), based in Hovik, Norway. The world’s largest manufacturer of solar-grade silicon and multicrystalline wafers, REC is joining EverQ, a strategic partnership between Evergreen Solar and Q-Cells that is currently building a 30-megawatt solar wafer, cell and module manufacturing plant in Thalheim, Germany. [ more ] This is another piece of good news and the market seems to think so as well. Shares of ESLR are trading up almost 3% this morning compared to the market which is trading down on the day. I have been waiting to purchase Evergreen for the mutual fund on any sign of a pullback. That pullback just hasn’t materialized and now I’m thinking I should just jump on board with a 1/3 position.

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