Published: August 19, 2010
EVSO: Barclays Turns Bullish on Solar Stocks and Increases 2011 Solar Demand Estimates
THE WOODLANDS, Texas - (BUSINESS WIRE) - Evolution Solar (Pink Sheets: EVSO): Barclays raised its outlook for
solar stocks broadly Wednesday saying current discounting of stocks are
off from their estimate of true demand outlook. Barclays is estimating
solar demand for 2011 to be 16 gigawatts, up from the current industry
consensus of 13.7 gigawatts. Barclays further stated that their
expectations are for the solar industry to grow at a pace of 20%
annually.
Barclays stated that they expect "greater supply of low cost solar
panels, improving profitability of downstream players, additional cost
reduction potential of low cost supply and 'rush' to complete
installations ahead of subsidy cuts to drive demand upsides over the
next few quarters."
"We are also optimistic regarding solar demand in the coming year," said
Robert Hines, President of Evolution Solar. "Our solar demonstration
projects are beginning to come to fruition and we are positioning
Evolution Solar to benefit from increased future business in the solar
energy sector."
Evolution Solar is currently building a solar demonstration site in
partnership with Texas Southern University, to be located at the
University's Houston Campus. Evolution Solar has recently completed
construction on a solar demonstration project in the City of Brookshire,
Texas. These projects should help Evolution Solar acquire new business
in a sector that is growing to compete in the energy industry, which
includes BP (NYSE: BP), Duke Energy (NYSE: DUK), Penn West Energy (NYSE:
PWE) and Occidental Petroleum (NYSE: OXY).
About Evolution Solar Corporation
Evolution Solar Corporation, (EVSO), commercializes leading edge
alternative solar energy technologies and related photovoltaic
technologies, equipment and next generation appliances. Evolution Solar
is an emerging industry leader capitalizing on its understanding of
solar technology and supporting the development of alternative energy
plans for large corporations and government organizations. Evolution
Solar is also an expert consultant agency to organizations in their
strategic and procurement plans for alternative energy contracts with
public utilities.
For more information, visit http://www.evolutionsolar.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: This news release contains forward-looking information within
the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
including statements that include the words "believes," "expects,"
"anticipate" or similar expressions. Such forward-looking statements
involve known and unknown risks, uncertainties and other factors that
may cause the actual results, performance or achievements of the company
to differ materially from those expressed or implied by such
forward-looking statements. In addition, description of anyone's past
success, either financial or strategic, is no guarantee of future
success. This news release speaks as of the date first set forth above
and the company assumes no responsibility to update the information
included herein for events occurring after the date hereof.

Evolution Solar Corp.
Robert Hines, 281-362-2760
rhines@evolutionsolar.com
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