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Evergreen Solar posts $161.57 million net loss for Nov. 27-Dec. 31
By Caroline Salls
Pittsburgh, Feb. 1 - Evergreen Solar, Inc. reported a net loss of $161.57 million for the period of Nov. 27 to Dec. 31 on $4.17 million in net revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, the company posted a $7.91 million net loss on $516,913 of net revenues for the period of Oct. 30 to Nov. 26.
For the December period, the company reported cash and cash equivalents of $21.14 million, down from $25.3 million for the November period.
Evergreen Solar is a Marlboro, Mass.-based producer of solar power. The company filed for bankruptcy on Aug. 15 under Chapter 11 case number 11-12590.
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