DALLAS, Aug. 12, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Energy Conversion Devices Inc. (Nasdaq:ENER). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/ENER
Energy Conversion Devices Inc. (ENER), through its subsidiaries, commercializes materials, products and production processes for the alternative energy generation (primarily solar energy), energy storage and information technology markets. The Company designs, manufactures and sells photovoltaic (PV) products, known as PV or solar laminates that generate renewable energy by converting sunlight into electricity. ENER's products are particularly suitable for rooftop and building integrated photovoltaic (BIPV) applications, which are its target markets. The Company also receives fees and royalties from licensees of its nickel metal hydride (NiMH) battery technology, and sells nickel hydroxide used in NiMH batteries. ENER has two business segments: United Solar Ovonic and Ovonic Materials. In August 2009, ENER acquired Solar Integrated Technologies Inc. Subsequent to the fiscal year ended June 30, 2009, the Company completed the sale of its interest in Cobasys LLC, its former joint venture.
Message Board Search for ENER: http://www.boardcentral.com/boards/ENER
In the report, the analyst notes:
"Total revenues for the third quarter of fiscal 2010 were $72 million, an increase of nearly 10% from $66 million in the third quarter of fiscal 2009, and 36% from $53 million in the second quarter of fiscal 2010.
"ENER yesterday announced that it is realigning solar manufacturing capacity in its United Solar business in its existing facilities, as part of its overall cost reduction strategy. Effective this fall, the Company said it will shift certain final assembly operations from its Auburn Hills, Mich., campus to its Tijuana, Mexico, facility."
To read the entire report visit: www.microstockprofit.com/lp/ENER
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