Sunday, June 15, 2008

An Ulternative Energy Play in my book (ENER)

Energy Conversion Devices (ENER): This is not a hidden gem and looking at its daily volume, its certainly not an unnoticed company which could be bad AND good at the same time. I am not into new discovery so its good in a sense that I can see some real interest in this stock, I am going to bet my money down that this enthusiasm could go for sometime longer (and hopefully I can benefit from that). The bad news is, .. Can't think of any ;-) ok maybe its hard to take a position on a stock which is doubled in the past 2 months, and thats not even so bad .. According to Yahoo finance profile on this company: "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, develops, manufactures, and sells proprietary thin-film solar (photovoltaic or PV) modules, which are lightweight, thin, flexible, and durable products for converting sunlight into electricity. It sells these PV modules to commercial roofing materials manufacturers, builders and building contractors, and solar power installers/integrators, who incorporate these PV modules into their products and services for commercial sale." The company also earns 1 cent per share for its fiscal year ending June 08, analyst expect $1.53 for the next fiscal year. I would wait for 2 or 3 points pull back to get an entry point. IBD (Investor's Business Daily) gives this stock: a 94 (A) Overall rating. Industry group Relative strength A+) and Acc./Dist. A+. Relative Price strength 99/100 and low marks on EPS rating (44) and profit margin.


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