ENER Energy Conversion Devices, Inc. featured news, full reports, and detailed charts
Energy Conversion Devices, Inc. (ENER) Wrap Up:
Energy Conversion Devices, Inc. commercializes materials, products, and production processes for the alternative energy generation, energy storage, and information technology markets. The company operates in two segments: United Solar Ovonic and Ovonic Materials. The United Solar Ovonic segment designs, manufactures, and sells proprietary thin-film solar (photovoltaic or PV) modules for converting sunlight into electricity. It sells these PV modules to commercial roofing materials manufacturers, builders and building contractors, and solar power installers/integrators. The Ovonic Materials segment invents, designs, and develops materials and products based on its materials science technology...Energy Conversion Devices, Inc. (ENER:NASDAQ)
Snapshot of Energy Conversion Devices, Inc. (ENER)
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OPEN
$10.53
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PREVIOUS CLOSE
$10.53
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DAY HIGH
$10.75
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DAY LOW
$10.48
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52 WEEK HIGH
02/10/09 - $30.45
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52 WEEK LOW
09/3/09 - $10.14
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MARKET CAP
483.5M
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AVERAGE VOLUME 3 mo
1.7M
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DILUTED EPS TTM
$-0.02
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SHARES OUTSTANDING
45.7M
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ENER Does Not Pay Dividends
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P/E TTM
NM
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related news
ENER Top Compensated Officers
Executives, Board Directors
Key developments for Energy Conversion Devices, Inc. (ENER)
Energy Conversion Devices Inc. introduced its new UNI-SOLAR PowerTilt(TM) Solar Roof system-the lightest rack-mounted solar system available. UNI-SOLAR PowerTilt solar rooftop systems are manufactured for the Building Applied Photovoltaic (BAPV) market. The new UNI-SOLAR PowerTilt product will be available in 136 or 144 watts per panel, and offers unique features and benefits to the rooftop solar buyer. UNI-SOLAR PowerTilt is ideal for low-load bearing roofs, can be installed without costly structural roof reinforcements, is glass-free and encapsulated in UV-stabilized, weather-resistant polymers. The UNI-SOLAR PowerTilt assembly is also easy to remove for re-roofing. The integrated mounting frame of the UNI-SOLAR PowerTilt installs without roofing penetrations. The UNI-SOLAR PowerTilt rooftop solar system is the newest member of United Solar's PowerLine of products. The UNI-SOLAR PowerTilt is on display at 2009 Solar Power International at the company's booth 1111, and will be available for purchase in January 2010.
Energy Conversion Devices Inc. announced that its UNI-SOLAR® laminates will be used to power a 136-kW solar photovoltaic rooftop system at the Austin Water Utility's Glen Bell Service Center in Austin, Texas. On September 24, the Austin City Council granted approval for Austin Energy-to build the city's solar rooftop installation using lightweight and flexible UNI-SOLAR laminates. Beginning November 1, approximately 1,000 laminates covering 23,250 square feet of roof space will be installed on the Service Center. When complete, the 136-kW system will have a peak electrical output of 105 kW, with a capacity factor of about 18%. It is expected to reduce the Service Center's peak demand by about 24 kW and save 167,605 kWh annually, or enough power to provide electricity to 17 average-sized homes in Austin for an entire year.
Energy Conversion Devices Inc. announced it has been selected by Recurrent Energy to deliver 4.8MWp of solar generating systems for eight separate building rooftops at ProLogis Park Sant Boi in Barcelona and ProLogis Park Alcala in Madrid, Spain. ECD will be supplying its UNI-SOLAR photovoltaic (PV) laminates and providing development resources through its Solar Integrated subsidiary. The solar power systems will be owned by Recurrent Energy, a distributed power company and a leading provider of solar energy, and installed on rooftops leased by Recurrent Energy from ProLogis, a leading global provider of distribution facilities. Construction on the project is expected to start in October 2009. For this project, Solar Integrated will engineer, procure, and construct the solar PV systems totaling 4.8 megawatts for Recurrent Energy. The PV systems will consist of UNI-SOLAR laminates combined with the SOPRASOLAR complex-a bituminous waterproofing system, and will be applied directly on the roofs. Installation will be done by Soprema's local installer Master Renovables.
ENER Competitors
| Company | Last | Change |
| Ascent Solar Technologies Inc | $4.82 USD | -0.01 |
| Evergreen Solar Inc | $1.47 USD | -0.01 |
| Maxwell Technologies Inc | $17.44 USD | +0.07 |
| Nippon Chemi-Con Corporation | ¥265.00 JPY | +19.00 |
| Quantum Fuel Systems Tech Wrldwd Inc | $1.20 USD | +0.02 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | ENER | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.7x |
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| Price/Book | 0.7x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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ENER |
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ENER transactions
| Type Date |
Target |
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Merger/Acquisition
July 21, 2009 |
Solar Integrated Technologies |
More Recent News About Energy Conversion Devices, Inc.
More news for ENER
Energy Conversion downgraded by JP Morgan and Citigroup
DateResearch FirmActionFromTo10-Nov-09CitigroupDowngradeHoldSell10-Nov-09JP MorganDowngradeOverweightNeutral21-Aug-09Jefferies & CoDowngradeHoldUnderperform6-Aug-09Piper JaffrayDowngradeNeutralUnderweight2-Jul-09JP MorganInitiatedOverweight12-May-09CitigroupUpgradeSellHold12-May-09Credit SuisseDowngradeOutperformNeutral10-Feb-09Piper JaffrayUpgradeNeutralBuy10-Feb-09Ardour CapitalUpgradeHoldBuy10-Feb-09Janco PartnersUpgradeAccumulateBuy5-Dec-08Barclays CapitalDowngradeEqual WeightUnderweight10-Nov-08Deutsche SecuritiesDowngradeBuyHold30-Oct-08CitigroupInitiatedSell28-Oct-08UBSDowngradeBuyNeutral7-Oct-08Wedbush MorganInitiatedBuy29-Aug-08Piper JaffrayDowngradeBuyNeutral11-Aug-08UBSUpgradeNeutralBuy29-Jul-08Credit SuisseInitiatedOutperform7-Jul-08Broadpoint CapitalUpgradeNeutralBuy18-Jun-08Stanford ResearchInitiatedHold18-Jun-08Janco PartnersInitiatedMkt Perform4-Jun-08Ardour CapitalInitiatedHold2-Jun-08Lehman BrothersInitiatedEqual-Weight9-May-08Broadpoint CapitalDowngradeBuyNeutral15-Jan-08Broadpoint CapitalInitiatedBuy14-Sep-07Jefferies & CoInitiatedBuy27-Mar-07Banc of America SecInitiatedNeutral15-Mar-07Lazard CapitalInitiatedBuy9-Feb-07CIBC Wrld MktsDowngradeSector OutperformSector Perform9-Feb-07Cowen & CoDowngradeOutperformNeutral23-Oct-06Goldman SachsInitiatedNeutral18-Oct-06CitigroupInitiatedHold4-Oct-06Deutsche Securitie...Click here to read the whole Article (external link)
William Smith Special Opportunities Research Fund Finds Long Term Alternative Energy Stock Winners
67 WALL STREET, New York - November 10, 2009 - The Wall Street Transcript has just published its Alternative Energy/Clean Energy/Power Generation/Utilities Report offering a timely review of the sector to serious investors and industry executives. This 98 page feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online. Topics covered: Long Term Perspective on Alternative Energy Industry -- Leading Indicators for Alternative Energy Components Companies -- Mergers and Acquisitions in the Alternative Energy Industry -- Break Even Business Fundamentals for Carbon Free Energy Providers -- Development of Carbon Free Energy Production Infrastructure -- NAT GAS Act -- New Players in the Alternative Energy Industry -- Solar Power Cell Manufacturers Market Strategy -- Demand Response for Raw Materials for Solar Cell Production -- Alternative Energy Investment Opportunities -- Multiple Stock Winners in Carbon Free Production Industry -- Government Funding of Alternative Energy Power Providers -- Chinese Solar Energy Companies -- Alternative Energy Hedge Fund Investors -- Commodity Cycles -- Determinants of Market Valuations in the Alternative Energy Production Industry -- Carbon Emissions Statistics -- Energy Efficiency Statistics -- Innovations in Solar and Wind Power Generation -- Business Economics for Methane Based Power Generation -- Electric Vehicles Projections and Statistics-- Cap and Trade Projections and Statistics -- Development of Battery Technology ...Click here to read the whole Article (external link)
Energy Conversion Devices Announces Final Results of Its Tender Offer
ROCHESTER HILLS, Mich., Nov. 11 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER - News), a leading global manufacturer of thin-film flexible solar laminate products for the building-integrated and commercial rooftop markets, today announced the final results of its tender offer (the "Offer"), which expired at 12:00 midnight ET on Tuesday, November 10, 2009. Under the terms of the Offer, which commenced on October 14, 2009, employees were given the opportunity to exchange an aggregate of 97,724 outstanding restricted stock units granted to them in 2008 under ECD's 2006 Stock Incentive Plan (the "Plan") that were subject to the achievement of performance goals based on nameplate capacity expansion goals to be achieved by the end of fiscal 2012, along with associated gross margin goals (the "2012 RSUs"). The 2012 RSUs were convertible, on a one-for-one basis, into shares of ECD common stock, $0.01 par value.A total of 62 employees participated in the Offer. Pursuant to the Offer, the Company has accepted for exchange 95,234 2012 RSUs, representing 97% of the total 2012 RSUs eligible for exchange in the Offer. The Company granted, under the Plan, new RSUs in exchange for the eligible RSUs tendered and accepted pursuant to the Offer. The new RSUs will remain substantially the same as the 2012 RSUs with shares vesting 100% on November 12, 2012, subject to continued employment with the company at such time. With the exception of the vesting conditions, the new RSUs will have other terms and conditions ...Click here to read the whole Article (external link)
Energy Conversion completes tender offer
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
ENERGY CONVERSION DEVICES INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue42,944 51,414 66,007 103,107 Cost of Revenue31,114 48,943 45,144 65,966 Gross Profit11,830 2,471 20,863 37,141 Operating ExpensesResearch Development2,245 2,418 2,424 1,954 Selling General and Administrative16,212 10,027 13,393 21,048 Non Recurring677 2,858 1,225 (1,786)Others - - - - Total Operating Expenses - - - - Operating Income or Loss(8,278)(12,832)3,821 15,925 Income from Continuing OperationsTotal Other Income/Expenses Net1,512 717 322 1,391 Earnings Before Interest And Taxes(5,792)(12,115)4,143 17,316 Interest Expense6,963 3,003 2,268 2,860 Income Before Tax(12,755)(15,118)1,875 14,456 Income Tax Expense(915)653 549 216 Minority Interest74 - - - Net Income From Continuing Ops(11,766)(15,771)1,326 14,240 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - - O...Click here to read the whole Article (external link)