ITEM 6. SELECTED FINANCIAL DATA.

     You should read the data set forth below in conjunction with our financial statements and related notes and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” appearing elsewhere in this filing. The statement of operations data presented below for the fiscal years ended December 31, 2007, 2008, and 2009 and the balance sheet data at December 31, 2008 and 2009 have been derived from our audited financial statements which appear elsewhere in this filing. The statement of operations data presented below for the years ended December 31, 2005 and 2006, and the balance sheet data at December 31, 2005, 2006 and 2007 have been derived from our audited financial statements, which are not included in this filing. As of December 31, 2005 we owned 64% of Sovello. On December 19, 2006 we reduced our interest to one-third. As a result of our reduction in ownership to one-third, effective December 20, 2006, we account for our ownership interest in Sovello using the equity method of accounting. Under the equity method of accounting, we report our one-third share of Sovello’s net income or loss as a single line item in our income statement and our investment in Sovello as a single line item on our balance sheet. Prior to December 20, 2006, we consolidated Sovello’s results of operations into our results of operations. Therefore, our results of operations from prior periods are not comparable with our results of operations since December 20, 2006. Under our sales agreement with Sovello, until December 31, 2008 we marketed and sold all solar panels manufactured by Sovello under the Evergreen Solar brand, as well as managed customer relationships and contracts related to those sales for which we receive fees. We do not report product revenue or cost of revenue for the sale of Sovello manufactured panels. We also receive royalty payments pursuant to our technology license agreement with Sovello.

     Effective January 1, 2009 we adopted the new guidance included in the Consolidation and Debt Conversion and Other topics of the FASB codification; and effective January 1, 2010 we adopted the new guidance relating to own-share lending arrangements included in the Debt topic of the FASB codification. The impact of these accounting standards, which required retrospective application, is included in the table below.

		Year Ended December 31,
		2005				2006				2007				2008				2009
STATEMENT OF OPERATIONS DATA:
Revenues:
Product		$	43,627			$	102,252			$	58,334			$	95,245			$	267,112
Royalty and fee			—				—				11,532				16,714				4,736
Total Revenues			43,627				102,252				69,866				111,959				271,848
Cost of revenues			39,954				90,310				52,838				93,073				253,484
Gross profit (loss)			3,673				11,942				17,028				18,886				18,364
Operating Expenses:
Research and development			10,622				18,390				20,594				22,039				18,058
Selling, general and administrative			12,708				21,890				20,608				23,868				26,260
Write-off of loan receivable from silicon supplier			—				—				—				—				43,882
Equipment write-offs			—				1,526				—				8,034				6,008
Facility start-up			—				—				1,404				30,623				10,107
Restructuring charges			—				—				—				30,413				11,940
Total operating expenses			23,330				41,806				42,606				114,977				116,255
Operating loss			(19,657	)			(29,864	)			(25,578	)			(96,091	)			(97,891	)
Other income (expense), net			1,146				1,851				6,806				(140,963	)			(20,614	)
Loss before noncontrolling interest, equity income (loss) from interest in Sovello AG, impairment of equity investment and income tax benefit			(18,511	)			(28,013	)			(18,772	)			(237,054	)			(118,505	)
Equity income (loss) from interest in Sovello AG							495				2,170				8,435				(29,748	)
Impairment and other charges associated with equity investment in Sovello AG			—				—				—				—				(126,057	)
Income tax benefit			—				—				—				—				(8,090	)
Net loss including noncontrolling interest			(18,511	)			(27,518	)			(16,602	)			(228,619	)			(266,220	)
Net loss attributable to noncontrolling interest			1,195				849				—				—				—
Net loss attributable to Evergreen Solar, Inc.		$	(17,316	)		$	(26,669	)		$	(16,602	)		$	(228,619	)		$	(266,220	)
Net loss per share attributable to Evergreen Solar, Inc. (basic and diluted)		$	(0.29	)		$	(0.41	)		$	(0.19	)		$	(1.75	)		$	(1.42	)
Weighted average shares used in computing basic and diluted net loss per share			59,631				65,662				86,799				130,675				187,777

		As of December 31,
		2005				2006				2007				2008				2009
BALANCE SHEET DATA:
Cash, cash equivalents and marketable securities *		$	116,207			$	49,421			$	140,703			$	177,509			$	112,368
Investment in and advances to Sovello AG			—				70,460				87,894				115,553				—
Working capital			124,404				57,590				112,228				157,802				172,015
Total assets			228,959				207,251				553,255				1,008,511				827,633
Subordinated convertible notes			90,000				90,000				90,000				—				—
Senior convertible notes, net of discount			—				—				—				311,531				323,276
Total stockholders’ equity			98,673				92,847				393,293				587,638				399,186