* U.S. solar co expects to have $115 mln cash before end Q4

* Accelerates strategy to outsource work in China

* Shares up 1.4 pct at $1.44 (Adds analyst comment, background, updates share movement)

LOS ANGELES, Nov 5 (Reuters) - U.S. solar company Evergreen Solar Inc (ESLR.O: Quote, Profile, Research) has "significant" cash to meet its operating needs, the company's chief financial officer said on Thursday on a conference call with investors, as the company's shares rose slightly in trading.

The Marlboro, Massachusetts-based company posted better than expected revenue on Wednesday and said it ended the third quarter with $91 million in cash. [ID:nN0444775]

"As you can see, we have significant cash to meet our operating needs," said Michael El-Hillow, the company's CFO.

Like other solar companies such as SunPower Corp (SPWRA.O: Quote, Profile, Research) and Suntech Power Holdings Co Ltd (STP.N: Quote, Profile, Research), Evergreen has been hit by a tumble in panel prices this year amid a lack of financing for new projects and a global oversupply.

Evergreen is accelerating its strategy to outsource solar work to China as the company, faced by stiff pricing competition from Chinese rivals, races to cut costs.

By the middle of 2010, the company will start moving panel assembly from its Devens, Massachusetts, plant to China, where it is building a 100 MW plant with Jiawei Solar. The company will continue to make wafers and cells in Devens.