Ahead of the Bell: Evergreen Solar

Citi Investment Research analyst Timothy M. Arcuri, who rates the stock "Sell," said news on the next phase of construction for production capacity is possible, with the plant likely located in Asia.

"Lower costs could be earnings accretive depending on the timing of construction relative to our estimates, and a larger scale plant might also have a positive impact, were it to be paired with lower capital costs," Arcuri wrote in a client note.

Arcuri also said the company may discuss what impact new contracts have had on average selling prices, which may be a "mild" positive for the stock.

Arcuri said the company in May said it signed $1 billion in new contracts, which likely boosted average selling prices in 2008 through 2013. On Wednesday, Evergreen said it signed two sales contracts extending through 2012 with a combined value of about $600 million.

Still, Arcuri said the bottom line is that the company still needs to raise just under $1 billion to fund its $2.2 billion capacity expansion plans in 2008 to 2012.

Shares of the company have declined 40.8 percent so far this year.