November 4, 2009 ndash; Analyst Comments ndash; Cowenrsquo;s Robert Stone weighed in this morning on Evergreen Solar (Nasdaq:ESLR) noting that the company may report a narrower loss than he had modeled, citing strong demand in Europenbsp; and possible upside to shipments. He maintains a NEUTRAL rating on the stock. Key Takeaways middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Still sees pressure on ASPs in 2010 which may make conversion costs uncompetitive ($1.65 at Devens and $1.17 at Wuhan while vertically integrated competitors in China are close to $0.80) middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Targeting cost/watt of $2 in Devens (Q4:09 if fully ramped) and $1.50 in Wuhan (by year-end 2010); long-term cost/watt target of $1 in 2012 middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Sees potential upside to model of $.10 loss on $73.8M in revenue due to better results at Sovello middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Believes risk/reward remains unfavorable and maintains a NEUTRAL rating on the stock