Energy Conversion Devices Inc Com (NASDAQOTH:ENERQ)
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The Company commercializes materials, products and production processes for the alternative energy generation, energy storage and information technology markets.
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2 years ago clean energy was a fad. Now people are realizing that the middle east is too unpredictable to rely on for our energy. Watch this puppy climb. Also the short interest is really high. All the analyst are negative. They have to restructure their debt obligations. Cost per watt is decreasing. Everything is starting to turn for this company.
A turn around story is taking place here. A new power shingle combined with a new patented world record breaking efficiency for its solar panels going into production. Ener has enough cash to hold them over during this rough time with solar. Bank of America will be funding the largest rooftop solar installations in world history and Germany and Italy also are allowing rooftop solar as a pass with its new inflow tarrif. Ener also will be getting a new CEO which could be a huge positive for the company. At 1.09 Ener is a screaming buy.