TEMPE, Ariz.--(BUSINESS WIRE)--Evolution Solar Corp.'s (Pink Sheets: EVSO) stock price goes green, moving up 20% from its low on Oct. 10, 2008, on increased volume. "The stock price retreated on fears of both credit woes and the possible end of the solar tax credits. With news of renewed and enhanced tax credits for both consumers and utilities, the easing on interest rates and the freeing up of commercial credit, solar stock prices quickly turned green," stated Robert Kaapke, CEO of Evolution Solar Corporation. First Solar (NASDAQ:FSLR) is up 36% from its recent low. SunPower Corp. (NASDAQ:SPWRA) moved from $37.10 to $51.13 in early morning trading on Monday. Evolution Solar goes green again by announcing the addition of a second China office. The new office will be staffed with an additional 10 employees, all of whom will be directly involved with product procurement and development for the alternative energy industry. "We are excited to expand our reach further into the Chinese markets, procuring and developing green products for export worldwide," remarked Michael Franklin, President of Asian operations for Evolution Solar. Mr. Franklin continued by saying, "The new office will be located in Xiaman, and will complement our existing office and employees in Shanghai." Robert Kaapke, the CEO of Evolution Solar, will attend Solar Power International 2008, being held at the San Diego Convention Center located at 111 West Harbor Dr. San Diego, CA 92101. Some of the sponsors include Kyocera (NYSE:KYO), JASolar (NASDAQ:JASO), Conergy, and many more. "We once again look forward to meeting with the giants of our industry to discuss future strategic alliances where our procurement abilities can be utilized," stated Robert Kaapke, CEO of Evolution Solar.
