Energy Conversion Devices - PPVX-Mitglied - 500 Beiträge pro Seite

[meinolf67]

Hi zusammen,

da der alte thread als "historisch" qualifiziert ist, mache ich einfach einen neuen auf.

ECD ist einer der Veteranen der aktuell sehr modischen a-SI Fertigung, hat aber offenbar Skalierungsprobleme.

Kurs ist in den letzten Monaten sehr stark zurückgekommen.

Aktuelles KBV nur 1,7; für einen Solarwert fast schreiend billig.

Werde hier regelmäßig News posten.

Gruß
Meinolf

[meinolf67]

United Solar Ovonic Signs Multi-Year Supply Agreement with EDF Energies Nouvelles for Supply of up to 30 MW of Photovoltaic Laminates
Monday September 17, 9:03 am ET
Agreement to expand sale of UNI-SOLAR(R) products in France

AUBURN HILLS, Mich., Sept. 17 /PRNewswire-FirstCall/ -- United Solar Ovonic LLC, a wholly owned subsidiary of Energy Conversion Devices, Inc. (Nasdaq: ENER - News), announced today that it has signed an 18-month agreement with EDF Energies Nouvelles (EDF EN) for the supply of 12 MW, with an option to buy an additional 18 MW, of UNI-SOLAR® thin-film photovoltaic (PV) laminates to be used for large-scale installations on industrial and commercial buildings.

ADVERTISEMENT
Headquartered in Paris, France, EDF EN will use UNI-SOLAR® laminates to develop its photovoltaic business especially in the building-integrated segment.

"This is another important illustration of the potential of UNI-SOLAR products in large-scale commercial installations," said Subhendu Guha, president and chief operating officer of United Solar Ovonic. "These installations benefit our customers, and they benefit the environment. We are pleased to help lead the growing movement toward the increased use of renewable sources of energy."

"This new agreement demonstrates the acceptance of our product in the European market. With the feed-in tariff recently approved in France, there is a preference for building-integrated photovoltaic installations. Our agreement with EDF EN follows our overall strategic plan to expand our presence in emerging markets like France," said Salama Naguib, vice president of global sales & marketing at United Solar Ovonic.

Unlike traditional crystalline technology, which typically uses heavy glass panels, UNI-SOLAR products are flexible, durable, lightweight, and easy to install. Because of these characteristics, UNI-SOLAR triple-junction products offer the ideal solution for both grid-connected and off-grid solar electric systems. Independent studies in Europe and elsewhere have shown that triple-junction products deliver more energy per rated power than the conventional crystalline products.

"The lightweight and flexible UNI-SOLAR products are ideal for integration with the roofs of industrial and commercial buildings. We are pleased to work with United Solar Ovonic to expand our market reach," said Paris Mouratoglou, Chairman of the Board of Directors of EDF Energies Nouvelles.

About United Solar Ovonic

United Solar Ovonic, building on technology invented and pioneered by ECD, is the world leader in thin-film amorphous photovoltaics. Because of characteristics unique to the United Solar Ovonic solar cell technology, such as lightweight, ruggedness and flexibility, it is ideal as building-integrated photovoltaic roofing systems for residential and industrial customers. ECD and United Solar Ovonic hold the basic patents covering the continuous roll- to-roll manufacturing of thin-film amorphous-silicon alloy multi-junction solar cells and related products. More information is available at www.uni-solar.com.

[TheSunpower]

@meinolf67

Im Gegensatz zu vielen anderen Unternehmen im Dünnschichtphotovoltaik-Bereich liegen die Probleme von ECD nicht in der Technologie oder der Skalierung.
Die Tochter Unisolar hatte bereits mit der ersten 25 MWp Pilotlinie die Profitabilität erreicht. Diese Technologie wird derzeit für die weiteren Fabriken mehrfach geklont. Das ist erwiesenermaßen die sicherste Art der Skalierung. Die wichtigsten Anlagen sind eigenes Know-How von ECD und werden auch selbst gebaut. Das Klonen bringt automatisch Kostenvorteile bei den weiteren Produktionslinien. Hinzu kommt ein fortgeschrittenes Programm (Tandem a-Si/µc-Si, VHF-Plasma), das bereits jetzt auf der Entwicklungslinie Wirkungsgrade und Fertigungsdurchsätze verbessert. In den künftigen Produktionslinien implementiert, wird das weitere sehr deutliche Kostensenkungen bewirken.
NREL-Studien kommen ja schließlich zu der Schlussfolgerung, dass bei weiterer Skalierung am Ende die Rolle-zu-Rolle-Fertigung von flexiblen Unisolar-Modulen noch kostengünstiger wird als die CdTe-Glasbeschichtungstechnologie von First Solar, dem jetzigen low-cost-leader.

Die ECD-Probleme sind ganz anderer und über viele Jahre gewachsener Natur. Mit einer gerade vollzogenen personellen Auffrischung im Management und unter dem Druck des Kapitalmarktes sollte aber eine Fokussierung auf eigene Stärken, auf die aussichtsreichsten Märkte, auf schnelles Wachstum und vor allem auf Profitabilität gelingen.

Eine funktionierende low-cost-Photovoltaiktechnologie ist eben nur EINE Voraussetzung für wirtschaftlichen Erfolg. Profitabilität auf Konzern-Level und folgerichtig Marktkapitalisierung sind genauso wichtig, um daraus eine selbstbestimmte Wachstumsstory zu machen.

Ich bleibe mittelfristig optimistisch für ECD. Wenn man die Firma richtig führt, dann hat sie im Solarbereich die Chance, zu einem der wenigen wirklich ganz großen Player im solaren Zeitalter zu werden. Diese Story hat noch gar nicht richtig begonnen. Wenn sie allerdings sichtbar wird, dann ist es für den Otto-Normal-Anleger schon zu spät für die ganz großen Renditen.

[zeibb]

Hat jemand eine Ahnung, warum es nur bergab geht.
Gibt es News ?

[tonycat]

Geht doch Bergauf, Nr. 1 diese Woche im Renix Index. Also, die Firma hat dem ersten Anschein nach sehr gute Produkte und wächst sehr stark (von 58 MW auf 178 MW im nächsten Jahr). Aufgrund der hohen Investitonen werden logischerweise fette Verluste gemacht (einfach www.sec.gov die Filings nachlesen). Außerdem ist Solar nur ein Bereich, es werden auch nach Batterien und Raumfahrtechnologie, Wasserstofftanks und mehr produziert und geforscht - es gibt viele Patente im Haus.
Also, beste Voraussetzungen - aber keine Garantie...

[meinolf67]

AP
Energy Conversion Gets Solar Contract
Friday October 5, 2:17 pm ET
Energy Conversion to Supply Enfinity With 21.15MW of Solar Devices for Installation in Europe

AUBURN HILLS, Mich. (AP) -- Alternative energy company Energy Conversion Devices Inc. said Friday it agreed to supply Enfinity Management BVBA with solar devices over three years.

The agreement includes devices with a total annual generating capacity of 21.15 megawatts. One megawatt of electricity powers 778 households per year, according to the Energy Department.

The companies did not release financial terms of the deal.

Energy Conversion subsidiary United Solar Ovonic LLC will supply Enfinity with products with 1.15 megawatts of annual capacity this year and 10 megawatts of annual capacity in both 2008 and 2009. Enfinity will use the lightweight, thin-film products for roof-top installations in Europe.

Energy Conversion shares rose 97 cents, or 3.7 percent, to $26.95 in midday trading.

[tonycat]

First Solar geht ab wie eine Rakete, aber Energy Conversion tritt auf der Stelle, neija, wenn man bedenkt, daß Energy Conversion mit der Kapazitätserweiterung in etwas ein Jahr hinter First Solar hinterherhinkt, dann können wir sehr gute Kursteigerungen in 2008 erwarten!

Was spricht ansonsten dagegen United Solar Ovonic LLC mit First Solar zu vergleichen?

[meinolf67]

Antwort auf Beitrag Nr.: 32.317.719 von tonycat am 06.11.07 23:12:01

United produziert auf Folie, keine Module.

Sie haben eine Geschichte von nicht eingehaltenen Vorhersagen.

Es sind a-Si Zellen, bei FSLR sind es CdTe => geringerer Wirkungsgrad.

ECD ist sehr viel mehr als nur United.


...

[tonycat]

Hallo Meinolf,

Kennst Du Anwendungen (Dachinstallationen) von United Modulen in Deutschland?

Erfahrungswerte von Betreibern von United Modulen?

(ich plane eine ca. 1500 qm große Solar-Dachinstallation auf einer Neubauhalle...in 2008, wenn die Grundstücke in logistisch günstiger Lage für uns nicht so teuer wären...).

Bei den aktuellen Dollarkursen juckt es mich ungemein, nicht 1-2 Container direkt vom Hersteller in den USA zu bestellen...

[tonycat]

Antwort auf Beitrag Nr.: 32.380.427 von meinolf67 am 11.11.07 12:23:48

Hier ist eine Liste von den ECD -> united solar Kunden:
The company's customers include Solar Integrated Technologies Inc. (SIT), Biohaus PV Handels GmbH (Biohaus), Alwitra Flachdach Systeme GmbH, Corus Bausysteme GmbH, Hoesch Contecna Systembau, Unimetal S.p.A., SunEdison, LLC, Advanced Green Technologies, Inc. (a unit of Advanced Roofing, Inc.) and Actus Lend Lease (a subsidiary of Lend Lease Corp. Ltd).

Die united Module -> nein, folien, sind spziell verwendbar für BIPV (gebäudeintegriete Solarsysteme), also müßte optimal sein für Neubauten!

Die Frage, die ich mir stelle:
First Solar billigster Wattpreis UND höchste Marge (3. Quartal 51%) sowie united: United Solar Ovonic LLC, is based principally on its technology for thin-film amorphous silicon PV modules and low-cost, roll-to-roll manufacturing.
Warum sind die Folien/Module eigentlich noch so teuer - nur, weil die Nachfrage so hoch ist und die Einspeisevergütung ebenso hoch... aber prinzipiell haben wir es mit den Dünnschichtmodulen um die idealen Stromerzeuger der Zukunft vor uns (und deswegen so explodierender Aktienkurs bei FSLR - und vielleicht - wenn das Management so gut ist wie der nette Engländer von Q-Cells) auch bei ECD...
Wenn ich Politiker wäre, würde ich einfach zwingend vorschreiben, daß bei Neubaudächter Solarthermie und/oder Solarzellen genutzt eingebaut werden müssen oder alternativ NULL-Energie-Haus durch gute Wärmedämmung, Wärmepumpe oder sonstwas, was anderes können wir uns nicht erlauben! (Öl ist viel zu schade zum Heizen und Autofahren -> Plastik...)

[meinolf67]

Transkript des Q1:



http://seekingalpha.com/article/53484-energy-conversion-devi…

[meinolf67]

Da das auf der ECD-Webseite steht, vermute ich mal, dass sie SIT beliefern...:

LONDON (Thomson Financial) - Solar Integrated Technologies Inc said it has won a 6.6 mln usd order for a building integrated photovoltaic (BIPV) roofing system to be owned and operated by Akuo Energy, a renewable energy project developer.

The BIPV system will be installed at a logistics facility currently under construction in Southern France and is planned for completion in 2008.

Montpellier, France-based Urbasolar, which is managing the BIPV project, expects to continue its partnership with Solar Integrated to sell and deploy BIPV projects in France, and is building a pipeline of additional projects.

France has a premium feed-in tariff of 0.55 eur per kilo-watt-hour for single layer BIPV systems, according to Solar Integrated chief executive Randall MacEwen.

Akuo Energy, which invests in and operates projects across all areas of renewable energy expects more such (BIPV) projects throughout Europe in the near future.

[meinolf67]

Probably the most intriguing and fascinating company in the world is Energy Conversion Devices (ENER), also known as ECD, also known as Ovonics. It has been a public company for more than forty years, yet few people know of its existence. Products using the technology developed by this company include the MIR space station, solar powered airplanes, and the batteries that enabled the development of the EV1 (electric car) and the Prius hybrid, all of which are based on the science of amorphous materials, which some decades ago many scientists dismissed as an uninteresting and almost useless area of science. The man that proved the value of these materials and science is the founder of the company, Stan Ovshinsky, who didn't attend college and is an autodidact. Stan and Dr. Iris Ovshinsky, together with many brilliant scientists and engineers (like Jeffrey Yang and S. Guha), have developed over the years one of the most valuable patent portfolios in the world (e.g. the company is included in the Ocean Tomo 300™ index). Yet, despite these amazing inventions, the company has yet to show an operating profit.

Why should someone invest in a company that has been unable to make an operating profit for more than forty years? Because many things have changed making the future look very bright for the company, and it looks like it will finally be able to construct the business after spending so many decades working on the R&D foundations.

Arguably, the most valuable division is Unisolar, which is the only large solar company offering flexible & lightweight thin-film solar panels. These panels have an important competitive advantage in that they are ideally suited for BIPV applications (building integrated PV). In other words, they not only produce energy, but serve as the roof too. Being lightweight and flexible reduces installation costs, and in some cases they are the only solar option some buildings can choose without having to reinforce the building structure (it is calculated that approximately 30% of buildings fall in this category). Unlike CdTe solar panels from First Solar that use toxic and scarce materials, Unisolar's solar panels use abundant materials that are environmentally benign. The company is currently producing approximately 58 MW per year, and is on track to increase production to almost 180 MW next year (the goal is 300 MW in 2010). Something that investors should be realizing (which judging from the pps is not the case) is that more than 50% of sales are exports (therefore the company benefits from a weak dollar), and margins are expected to increase significantly.

There are several forces driving margin expansion:

1) economies of scale

2) higher production yields

3) higher product efficiency

4) higher throughput per machine.

The company is targeting 25%+ gross margins (which seems to be conservative and considers ASP reductions). If ASPs fall to $2/watt by 2011, assuming 15% net profit margin and 300 MW production, the company would be looking to make 90 million dollars in 2011. A 30 p/e ratio would produce a 2.7 billion market cap, discounting to the present at a 15% rate would yield a net present value of almost 1.6 billion dollars. The company has enough cash to build capacity to at least 180 MW, and might be able to attain 300 MW using cash flows.

But that is not the end of the story. The company owns, on a fully diluted basis, about 1/3 of a little company called Ovonyx. This company has licensed its memory technology to semiconductor giants like Intel (which is a partner in Ovonyx), Samsung, Elpida, Hynix, Qimonda, and ST Microelectronics. The memory technology is based on chalcogenide materials,and is called PRAM, OUM, PCM, CRAM, and phase change memory. It is expected to replace NOR flash memory, and could also eventually replace DRAM and NAND flash. Samsung has announced production of a 512Mbit part in 2008, and Intel a 128Mbit part that could arrive as soon as the end of this year or early 2008 (Intel's part codename is Alverstone).

What's interesting for investors is that phase change memory could become a 40 billion+ market in a few years. The royalty rate is not known, but they usually tend to be around 25% of gross profits. Assuming 12% gross profits for semiconductor companies, the royalty rate should be around 3% (about 1% for ENER). To try to give a valuation to this part of the company I am going to assume a 40 billion phase change memory market in 2017, .7% royalty received by ENER (assuming a conservative 2.1% royalty rate), 25 p/e ratio, and will use a 20% discount rate. That results in a net present value of approximately 1.1 billion dollars (ENER has significant tax loss carry forwards).

The company also owns 50% of a JV called Cobasys that is the only North American manufacturer of NiMH batteries for hybrid vehicles. There is too much confidentiality and ambiguity around this JV, but hopefully it is worth something, especially with oil close to $100.

If these valuations are approximately correct, the company is selling today at less than half of its intrinsic value (a good margin of safety), and its wonderful technology promises to give the company a wide moat in the future, allowing it to obtain high returns on invested capital (therefore becoming more and more valuable as time goes by). The new CEO Mark Morelli seems to be very smart and very hard working; he comes for the Carrier division of United Technologies. There was some insider buying recently, and approximately 30% of the shares are shorted. With so much pessimism and such a bright outlook, don't be surprised if ENER becomes the stock of the century.

[meinolf67]

AUBURN HILLS, Mich., Dec 10, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- United Solar Ovonic LLC, a wholly owned subsidiary of Energy Conversion Devices, Inc. (Nasdaq: ENER) ("ECD"), announced today that it has entered into a supply agreement with Sun Edison LLC to supply up to 17 MW of its UNI-SOLAR(R) solar laminates in calendar year 2008. Under the terms of the agreement, SunEdison will purchase a minimum of 5 MW and up to an additional 12 MW of UNI-SOLAR laminates for use on large-scale rooftop installations on industrial and commercial buildings principally in the U.S.

"We are pleased to be working with SunEdison, one of North America's leading solar energy service providers," commented Mark Morelli, president and CEO of ECD. "This is the latest example of the momentum United Solar is building as customers are won over by the extensive benefits of our proven laminates, particularly for rooftop applications like those being targeted by SunEdison."

"The flexibility and lightweight characteristics of United Solar's laminates enable SunEdison to supply solar services to a broader range of customers, especially to deploy solar on rooftops which often cannot support a heavier load," said Thomas (Tom) Rainwater, CEO of SunEdison. "SunEdison is ideally positioned to leverage United Solar's unique thin-film products to deliver solar energy to our customers. Our agreements with United Solar and others help us to meet the needs of our customers to reduce energy costs and carbon footprint by generating sustainable, clean solar power."

UNI-SOLAR laminates offer superior cost-effective solutions for roofing applications because they are lightweight, durable, flexible, can be integrated directly with building materials, and generate more energy in real- world conditions. They are, for example, three to five times lighter than conventional solar modules (which use glass), offering an ideal solution for low-load bearing roof applications. UNI-SOLAR laminates can be installed without any structural changes or penetrations to the roof, and provide superior wind and seismic load performance compared with conventional solar modules.

[meinolf67]

12. Dezember 2007
Solar Integrated Wins $4.3 Million Order
Los Angeles, California [RenewableEnergyAccess.com]

Solar Integrated Technologies, Inc. (SIT) a provider of building integrated photovoltaic (BIPV) roofing systems, announced that it has won an order for $4.3 million to supply BIPV roofing systems to be installed on a new industrial complex in Girona, Spain.

"We are continuing to see strong levels of interest in Solar Integrated's product throughout the Spanish market."

--Jordi Giro, Managing Director, Master Renovables

The project, named Sol De Celrá, is believed to be the largest thin film BIPV project in Spain. It will be owned by a group of local companies. The general contractor for the project is Master Renovables, the Spanish engineering firm and solar integrator. The project is expected to be completed in 2008.
"We are continuing to see strong levels of interest in Solar Integrated's product throughout the Spanish market," said Jordi Giró, Managing Director of Master Renovables. "Their [Solar Integrated Technologies] integrated solar roofing systems meets our customers' energy, roofing and environmental needs."

[meinolf67]

Tellurium, one of the rarest elements on earth, was once not thought to be very useful. According to USGS and a Mining Journal Review article, half of its traditional use is as an alloying agent in iron and steel to improve machinability; 25% of it is in catalysts and chemical use; 10% of it in alloying with non-ferrous metals like copper and lead; 8% of it is in electronic application and the remaining 7% in other applications, including as pigment agent in ceramics.

Annual global tellurium production is about 170 tons to 200 tons, based on various different estimates. It's mainly produced from the anode slime accumulated during electrolytic process of copper refining. According to this detailed analysis, copper produced from different places contain vastly different tellurium content. Typically, one ton of copper contains 100 grams of tellurium and only 33 grams are extracted and produced using existing technology. That caps the current global tellurium production at no more than 400 tons, without major investment to improve the tellurium extraction efficiency, assuming globally 12.4 million tons of copper is produced using electrolytic process per year. Because of the low quantity and thin revenue of tellurium in comparison to the revenue from main copper product, copper refineries are UNLIKELY to invest money, time and effort to improve the tellurium extraction rate, unless tellurium price goes up a lot from here, approaching gold price levels.

According to USGS, tellurium price started 2004 at $10 a pound. By the year-end it reached $22.50 a pound. In 2005 the price quickly rallied to $130-$180 a pound in mid year, then flat down to $100-$130 a pound. In 2006, it once again ran up to $155 a pound and then settled for the year at $50-$75 a pound.

So what prompted the rapid price raise? First Solar's (FSLR) CdTe solar panel was one of the demand factors. FSLR produced 60 MW in 2006 and about 20 MW in 2005. At 8 grams of tellurium per panel and 60 watts per panel, that's 8 tons tellurium consumed in 2006 and 2.7 tons in 2005. That's barely 4% and 1.4% of the supply. It's a factor in demand increase, but not the major factor.

The main Te demand increase was from other applications. CD-RW discs use tellurium, as do DVD-RW discs. And even later, ReWritable Blu-Ray DVD discs were developed by Panasonic, using a material called tellurium-suboxide-palladium.

Recently, Intel (INTC) announced a new type of phase change memory chips to start mass production in later 2007. This also uses tellurium. To understand the background of this break through, you need to read an old article: A 30-year memory problem solved?

All those electronic applications mentioned above, CD, DVD and memory chips, relate to the same phase change material called chalcogenide, which contains tellurium. Chalcogenide, the material used in ovonics, is really the cultimation of decades of scientific research on amorphous materials, which was once considered of very little practical use, but of academic interest only.

I originally connected these dots from an article I read entitled "Is There a Tellurium Rush in the Making?". Kudos to Sergio Garcia de Alba for submitting the article Energy Conversion Devices: An Amorphous Gem, which finally allowed me to connect the dots. It's all related to tellurium. Energy Conversion Devices Inc. (ENER) was funded by Stanford Ovshinsky, who invented the amorphous semiconductor materials and coined the name Ovonics. He has numerous important inventions. Chalcogenide, which is a tellurium containing material, is one of them.

Today, after many decades of quiet research and perfection, chalcogenide has suddenly become a very very useful material, having revolutionized and is continuely revolutionizing the whole electronic industry. I like to compare the precious element tellurium to a supernova. It's been quiet and ignored for so long, but all of a sudden it erupts into an extremely bright superstar. The tellurium supernova shines so brightly that it could KILL.

Let's follow the ENER article a little bit:

...a little company called Ovonyx...licensed its memory technology to semiconductor giants like Intel (which is a partner in Ovonyx), Samsung, Elpida, Hynix, Qimonda, and ST Microelectronics. The memory technology is based on chalcogenidephase change memory. It is expected to replace NOR flash memory, and could also eventually replace DRAM and NAND flash. Samsung has announced production of a 512Mbit part in 2008, and Intel a 128Mbit part that could arrive as soon as the end of this year or early 2008 (Intel's part codename is Alverstone). ...What's interesting for investors is that phase change memory could become a $40 billion+ market in a few years.

This phase change material thing is really HUGE! $40B+ market just in memory chips and we have not even included all the rewritable CDs, DVDs and Blu-Ray DVDs. And it ultimately could also replace the hard disk drives so future computers would no longer need a hard disk drive.

If you are not shocked so far, then read this article about phase change memory. Let me quote from page 2:

A person using a computer with PRAM could turn it off and back on and pick up right where he left off -- and he could do so immediately or 10 years later. Such computers would not lose critical data in a system crash or when the power went out unexpectedly. 'Instant-on' would become a reality, and users would no longer have to wait for a system to boot up and load DRAM. PRAM memory could also significantly increase battery life for portable devices.

How wonderful it would be!

Needless to say, this whole new chalcogenide based electronic industry will consume a lot of tellurium, probably all the global tellurium production and then some more. It will drive the price of tellurium to a crazily high level, maybe at gold price, maybe at platinum price, and in doing so, it will kill a lot of trivial, low added value industry users of tellurium.

The kill of this tellurium supernova will probably include FSLR. This company is most vulnerable because it uses a lot of tellurium in its solar panels, any dramatic tellurium price will increase its cost to the level that it can no longer have a profit margin. When a business no longer has a profit margin, it cannot survive. But the tellurium kill probably will go behind that. Tellurium as an alloying agent will probably have to end, as will tellurium used in portable electronic beverage coolers.

My advice to people would be to buy and hoard some tellurium metal ingots if you can still find anything at decent price. If you have FSLR long positions, I recommend that you sell them before it is too late. Tellurium, such a scarce and precious natural resource, is one of nature's best gifts to human kind, and it was never meant to be used on trivial things like generating a few watts of solar electricity; rather, it should only be used in high value added and far more useful things like advanced computer memory chips.

FSLR started on the wrong technology using the wrong material, the extremely toxic cadmium plus the extremely rare tellurium, a deadly combination leading this otherwise aggressively growing company onto a death march. It's a tragedy of nature's making, not the management's fault. But the FSLR management really need to wise up and realize that their sole CdTe product will lead them to nowhere. They must diversify into other technologies, or they may have to shut down business just a few years down the road.

Full disclosure: I currently do not have any ENER position but is looking for opportunity to buy some. I have short positions in FSLR and am planning to short more when it starts the eventual collapse. I am also actively buying physical tellurium metal ingots as investment.

[meinolf67]

DETROIT (ResourceInvestor.com) -- The world has had many gold rushes, two uranium rushes, so far that I can remember, and now, I think we’re on the verge of a tellurium rush. What’s that all about?

It’s about the time lag between the discovery of a chemical element and the discovery of a use for it. Briefly, until the last quarter of the 18th century there was no glimmer of a modern theory of the chemical constitution of nature.
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The “elements” as defined by the ancient Greeks, earth, air, fire and water were pretty much accepted as the fundamental constituents of the material world. Between the renaissance and the American Revolution, though, alchemists were evolving into chemists and metallurgists as it was discovered that earth and air could be broken down into many distinct metals and airs. This came about because the alchemists defined themselves by their single minded agenda: the “creation” of gold from “baser” substances.

This phrase is commonly misunderstood by Hollywood film makers to mean the creation of a valuable substance, gold, from less valuable substances, dirt, bat’s wings, “common” metals, such as lead and so forth. Actually the alchemists were saying that gold was nature’s perfect, immutable, end product of construction, and they believed that they could find the “constituents” of gold in other, more common, substances and build gold from them.

A great deal of work was done in furtherance of the above goal, and in the process, modern chemistry and metallurgy were born from the attempt to discover the building blocks of nature. The nineteenth century was, for chemistry, among other things, the great age of the discovery of the chemical elements.

Unlike all previous periods the investigations were not carried out because there was a preconceived “use” for the new elements, but as a great intellectual crusade to break nature down into understandable segments, such as chemistry, physics, metallurgy, biology, etc., and to find patterns in nature, i.e., physical laws, to understand how the world functioned.

The “elements” of the ancients were joined by oxygen just over 200 years ago. By 100 years later a pattern, the periodic table of the elements had been discovered that led chemists to realize that oxygen was in a family of elements that included sulphur, known from ancient times, and two newly discovered - in the nineteenth century - siblings called selenium and tellurium. At the very end of the nineteenth century the last of the great intuitive chemists, Marie Skladowska Curie, would add polonium, a radioactive element, to oxygen’s family.

Investors now take note. The reason that some elements are so hard to find in nature is that they are by products, they are always found in conjunction of other, more common, elements. Frequently they are chemically combined with the more common element or metallurgically alloyed with them, or a combination of both.

To cut to the chase: Native gold comes in many colours, because of the presence of additional elements dissolved in (i.e., naturally alloyed) or actually chemically combined with it. Copper, for example, can give us rose shades of gold, platinum gives “whites,” aluminium gives a beautiful purple colour, and, you probably already guessed, tellurium combined with gold gives it a black colour. This black material, found as an ore called calverite, is the second most common form of gold found in North America. Wikipedia has a nice compact article on tellurium, which contains more technical information on tellurium bearing minerals for those interested.

Prospectors in the nineteenth century probably glommed onto the gold in gold telluride, calverite, after noting that if they used the heavy black mineral they often found with native gold, to douse a fire or build a support for a fire that it would occasionally catch fire giving off an awful stench of garlic, but the cold embers might have a fleck or two of gold remaining after the tellurium had burned away as volatile tellurium oxide. The chemists were thrilled to have a source of tellurium and some, very few, miners had found a source of more gold, albeit at the cost of needing some complex chemical processing to get rid of the tellurium.

As most of RI readers already know, gold is today recovered in substantial quantities as a byproduct of copper refining, and visa versa. The gold that is dissolved in the copper, naturally, is released when copper is electro refined, and is collected in filter bags of anode ‘slimes.” Other common byproducts of copper separated by electro refining are silver, platinum, selenium and tellurium.

There is no primary tellurium mine in the United States or anywhere else. Tellurium and selenium are recovered mainly from copper ores mainly because they must be removed for the most common applications to be feasible. Their presence can cause the copper to be brittle. Some Mexican copper ore is less valuable for wire drawing than its American counterparts, because of its high selenium content. American domestic lead ores frequently also contain tellurium as a byproduct. Perhaps the best survey of tellurium sourcing and availability is that of the USGS.

Tellurium was almost universally left in the tailings until just after World War II; it had almost no commercial uses.

The discovery of solid-state electronics changed that forever. The first solid-state electronic devices depended on a property discovered in the very common element, silicon. When silicon was ultrapurifed and also prepared in a single crystalline form, i.e., the entire sample with which one was working was one crystal, it did not conduct electricity, but with the addition of a tiny amount of another element from a particular group it could be made to conduct electricity. The man made semiconductor had been born-in the U.S., of course-and the second industrial revolution was underway. That was 60 years ago.

A flood of investigations of the electronic properties of materials ensued between this first discovery of man made, designer, so to speak, semiconductors and the present day. It has been the modern equivalent of the nineteenth century’s search for chemical elements, but with a key difference. Investigators are looking not only to expand knowledge but for specific properties, which can be commercialized.

Solid state electronics, based on crystalline silicon and germanium, originally discovered in a rare mineral and only produced at first as a tiny byproduct of coal (ash), soon did away with essentially all of vacuum tube electronics. Before that first revolutionary changeover was completed some researchers at Bell Telephone Laboratories (the place where the first transistor was made in 1947) had looked at and discovered semiconducting properties in non-silicate (i.e., non ordinary window) glasses. The disordered solids, described as glassy or “amorphous,” made from, for example, germanium, arsenic and tellurium, could be formulated so that they could be used as electronic switches or memory devices as long as very small currents were involved. This was in the 1950s.

In the early 1960s an intuitive genius from Akron, Ohio, Stanford R. Ovshinsky, decided that amorphous semiconductors could be made that would switch and conduct large(r) currents and could be made much more cheaply than single crystal silicon or germanium devices. He also did extensive research on the use of amorphous materials as non-volatile computer memories. They caught the industry’s attention early on, because hey could be made to “remember” their setting even with the power “off.”

It has been 44 years since I made, in a cobbled together vacuum coater, at the inventor’s Stan Ovshinsky’s direction, a layered thin film of tellurium, arsenic, germanium, arsenic, and tellurium. After we figured out how to make non-destructive electrical contacts to the thin film I watched as Stan cranked up the voltage, by hand, until suddenly the oscilloscope showed that after a threshold voltage had been passed the film conducted electricity and then when the voltage was reduced the film stopped conducting electricity. I well remember the stench of burning tellurium in the air that day.

The crystalline semiconductor revolution continued in full swing for many years after that day, but slowly the properties of tellurium based glasses became useful. I remember also the very day that Stan said, looking at some crystalline dots we had created with a laser in an otherwise amorphous film under a microscope, “Isn’t that what a recording does?” It was, and the recordable CD and DVD were both direct results of that discovery as their pioneering Japanese manufacturers will tell you.

But it is just now in 2007, nearly 40 years after the above observation, that Stan Ovshinsky’s discovery of what others call phase change memory and what he calls the Ovonic effect may well explode in unpredictable ways and drive the demand for the very rare element tellurium through the roof.

Intel and Samsung both will, this fall, introduce flash memory replacements made from non-volatile amorphous technology that can be used, erased, and used again indefinitely, but, rather than being crystalline silicon technology based, are made from tellurium based glasses composed of germanium, antimony, and tellurium. These amorphous technology flash memory successors will replace some magnetic hard drive uses, but their (unpredictable) explosive growth could be in inexpensive, reliable, smart cell phones, kids’ toys, improved RFID chips and as many other applications, some of them undoubtedly new, that electronic engineers can think up.

Here is an announcement by Intel and a brief retrospective of the technology’s previous false starts in a recent, yesterday, in fact, trade journal’s comment:

“Phase change memory consumes little power, lasts far longer than conventional memory, and can hold large amounts of data in a small space. The bits also can't flip or get corrupted easily. The real challenge has come in manufacturing and reliability. Switching a bit from crystalline to amorphous requires pulsing it with an electronic charge or heating it up rapidly to 600 degrees Celsius without flipping the neighboring bits.”

Read the whole article. It is mostly non technical, and very illuminating about a technology now coming into its own, finally.

A uniquely tellurium-based vehicle for investors is not yet here. Look for copper producers to now “discover” that they are tellurium producers. This will be funny, because many copper producers until just a very few years ago didn’t even care about molybdenum.

Perhaps a hedge fund will buy up all the physical tellurium it can find and create an immediate run up in the price. Note that this could put a damper on tellurium glass based electronics. Even if a fund tried this, the price would crash as soon as Intel or Samsung announced they could no longer get material. Perhaps then someone will create a tellurium ETF.

In any case, I’m going to try and find out who is producing tellurium in the U.S. right now. If you know, please comment. The USGS does not identify the major producers; it just says that they are doing so.

Next week I’m going to tell you about the military’s use of tellurium and selenium and their use in solar energy conversion. Tellurium and selenium chemical compounds are sensitive to light over a large range of wavelengths. Their electronic properties can be changed by sunlight or by infrared (heat) light. Glasses made from these elements can even focus infrared light.

Next time you’re at an air show or reading about heat-seeking missiles, just take a look at the dome on the front of such a missile. That’s a lot of selenium/tellurium glass.

Did I tell you, by the way, that my technical supervisor when I worked at ITT Advanced ElectroOpical Laboratory in San Fernando, California in the 1960s was Doctor Richard Orthuber, who, in 1937, invented the technology for the heat seeking guided missile? It was based on cadmium sulphide and cadmium telluride’s ability to change its electrical properties when heat from an object such as the exhaust of an aircraft engine was focused upon a device made from it.

Tellurium has been around a long time, but it’s just now breaking its way into the public’s awareness. I don’t think it will take nearly as long for tellurium to become a good investment as it took for the phase change memory to be mass marketed.

[meinolf67]

Researchers at Royal Philips Electronics say they have devised a material that could replace existing types of computer memory through a technique that has been studied for years.

The material, a thin layer of antimony and tellurium, could be used to create phase change memory, which largely works the same way CD and DVD discs do. A laser is directed to a microscopic point on a layer of the material to obtain a reflection. The reflection will differ, depending on whether the molecules at that particular point are amorphous or arranged in a crystal. The two types of reflections then become the ones and zeros of data.
measuring memory

If the material can be used commercially, chips made of it could potentially replace DRAM (the memory used inside computers to store data on a temporary basis), flash memory (employed in cell phones for temporary and permanent storage) or hard drives, depending on how the final device works and gets incorporated into computers.

The challenge, however, has been in changing an amorphous bit to a crystalline one. Typically, phase change materials need to be heated to several hundred degrees Celsius in a few nanoseconds--an operation that requires a lot of electrical energy--while preventing any excess energy from changing an adjacent memory cell. IBM's Millipede, for example, writes data by heating thousands of microscopic spikes to 300 degrees Celsius.

Elpida Memory and Intel, among others, have been experimenting with Ovonic Unified Memory, another type of phase change memory, for years.

Back in 1970, Gordon Moore, the man behind Moore's Law, predicted a strong future for the technology, but no one has commercially mass-produced Ovonic memory yet.
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Philips says its doped antimony-tellurium material can switch phases with 0.7 volts, a fairly low voltage, compared with silicon. Phase changes occur extremely quickly, typically within 30 nanoseconds on the prototype.

Researchers around the globe are searching for materials and structures that will enable their companies to get off the hamster wheel of Moore's Law. By switching from making chips out of silicon, companies hope to reduce their manufacturing costs while devising chips that will be faster, consume less energy and fit into smaller spaces.

Chips made of these new types of materials are expected to come out over the next two decades; still, there is no guarantee that any of them will work in mass production.

Further details will be published in the April issue of Nature Materials.

[meinolf67]

8. Januar 2008
Solar Integrated Wins Four Projects
Los Angeles, California [RenewableEnergyAccess.com]

Solar Integrated Technologies, Inc. announced today that it has been selected by a leading global retailer of home furnishings to supply building integrated photovoltaic (BIPV) roofing systems for four initial trial projects at stores located in Belgium, Germany, Spain and the United States. The projects are expected to be completed in 2008.

"We are increasingly seeing global retail companies with large building portfolios view solar roofing as an important part of their long-term sustainability programs."

--Robert Campbell, Executive VP of Sales & Marketing, Solar Integrated Technologies

Solar Integrated also has contracts with other retailers in Europe including Carrefour, Metro and Tesco, the number two, three and frou global retailers respectively.
"The retail sector is an attractive market segment for our products and our strategy to target this market is really paying off," said Robert Campbell, executive vice president of sales and marketing for Solar Integrated. "We are increasingly seeing global retail companies with large building portfolios view solar roofing as an important part of their long-term sustainability programs."

[meinolf67]

ROCHESTER HILLS, Mich., Jan 23, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- United Solar Ovonic LLC, a wholly owned subsidiary of Energy Conversion Devices, Inc. (Nasdaq: ENER) (ECD), announced today that it has entered into an agreement with South Korea's AirTec System Co., Ltd. (AirTec) for 25MW of UNI-SOLAR(R) brand thin-film laminates for integration into large-scale power projects. Under the terms of the agreement, AirTec will take delivery of the UNI-SOLAR laminates during calendar years 2008 and 2009 primarily for medium- to large- scale ground-mounted solar power plants and large-scale rooftop and building- integrated applications in a number of recently awarded projects in South Korea. The agreement with AirTec is structured on a "take-or-pay" basis.

"We continue to increase our presence in the South Korean solar market, one of the fastest growing photovoltaic markets in the world," commented Mark Morelli, ECD's president and CEO. "The Korean market clearly endorses the unique value proposition offered by our UNI-SOLAR products for rooftop systems where our product features a cost-effective solution."

UNI-SOLAR laminates offer superior cost-effective solutions for roofing applications because they are lightweight, durable, flexible, can be integrated directly with building materials, and generate more energy in real- world conditions. They are, for example, three to five times lighter than conventional solar modules (which use glass), offering an ideal solution for low-load bearing roof applications. UNI-SOLAR laminates can be installed without any structural changes or penetrations to the roof, and provide superior wind and seismic load performance compared with conventional solar modules. UNI-SOLAR laminates do not require polysilicon, a key raw material for conventional PV products.

[meinolf67]

ROCHESTER HILLS, Mich., Jan. 24, 2008 (PRIME NEWSWIRE) -- Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER) will report financial results for the second quarter fiscal year 2008 on Thursday, February 7, 2008 before the market opens.

In conjunction with the release, management will host a conference call at 10:00 a.m. EST on February 7 to review the financial results. To participate in the conference call, please dial 877-858-2512 or 706-634-1291 (international) at least 10 minutes prior to the start of the call. Callers will need to reference conference ID 32008676.

The conference call will be webcast live over the Internet and can be accessed in the Investor Relations - Conference Calls - section of the company's website at www.ovonic.com.

An audio replay of the call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until 11:59 p.m. February 9, 2008 and can be accessed by dialing [phone] or [phone] (international). Callers will need conference ID 32008676. The webcast will be archived on the Company's website.

[spoon79]

Habe den Verlauf mal betrachtet. Die wurden ja heftigst runtergeprügelt! Hast du eine Ahnung warum?

[meinolf67]

February 5 2008

Energy Conversion Devices and United Solar Ovonic Enter Into New $55 Million Secured Credit Facility Agreements


ROCHESTER HILLS, Mich., Feb 05, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER) announced today that its wholly owned subsidiaries, United Solar Ovonic LLC and United Solar Ovonic Corporation, have entered into a new secured revolving credit facility, with an aggregate commitment of up to $55 million, pursuant to a Credit Agreement and a separate Fast Track Export Loan Agreement, each with JPMorgan Chase Bank, N.A. The new credit facility consists of two separate lines of credit, a $30 million revolving line, with availability determined by reference to a borrowing base comprised of domestic inventory and receivables, and a separate $25 million revolving line, which is provided under the United States Export-Import Bank's fast track guarantee program, with availability determined by reference to a borrowing base comprised of foreign inventory and receivables. The Export- Import line has a three-year term. The domestic line has a five-year term, which will be reduced to three years in the event that the Export-Import line is not extended for an additional two-year term on or before July 5, 2010. The facilities contain an aggregate $10 million sub-limit for standby letters of credit. Both lines are secured by, among other assets, all inventory and receivables of United Solar Ovonic. ECD will guarantee the loans on an unsecured basis, and JPMorgan Chase will serve as Administrative Agent.

[wiwifant]

07.02.2008 13:07
Energy Conversion Devices Reports Second Quarter 2008 Results


Revenues in the second quarter of fiscal 2008 were $56.4 million, up 20 percent from first quarter revenues of $47.0 million and up 146 percent from $22.9 million in the second quarter of fiscal 2007. Revenues from the company's solar business were $51.7 million, or 92 percent of total revenues. Second quarter solar revenues represented a 23 percent sequential increase and a 169 percent increase over the prior-year quarter. Gross margins in the solar business were 19.2 percent.

ECD reported a net loss for the quarter of $5.4 million, or $0.14 per share, compared to a net loss of $7.6 million, or $0.19 per share, in the first quarter of fiscal 2008, and a net loss of $2.9 million, or $0.07 per share, in the year-ago period. Second quarter results included $2.5 million, or $0.06 per share, of restructuring charges principally for severance and other costs associated with corporate staff reductions and management transition. Results in the quarter were also impacted by approximately $2.3 million, or $0.06 per share, of preproduction costs.

For the first six months of fiscal 2008, total revenues were $103.5 million compared with $50.1 million for the first six months of fiscal 2007, an increase of 106 percent. Revenues from the solar business totaled $93.6 million in the first six months of fiscal 2008, a 118 percent increase compared with $43.0 million last year.

For the six-month period, the company reported a net loss of $13.0 million, or $0.33 per share, compared with the previous year's net loss of $5.2 million, or $0.13 per share. Restructuring costs for the first six months of fiscal 2008 amounted to $5.1 million, or $0.13 per share. Preproduction costs for the period were $4.8 million, or $0.12 per share.

Mark Morelli, ECD's president and CEO, commented, "We are excited with the progress we are making in growing revenues and reinventing the company around operational excellence. During the quarter, our production of thin-film solar laminates expanded by 50 percent over the first quarter, and tripled over last year's second quarter. At the same time, our sales pipeline continues to run ahead of production capacity as new and repeat customers in key markets around the world have come to recognize the significant advantages and attractive return on investment of our UNI-SOLAR laminates. As a result, we remain confident that we will reach sustainable profitability by the fiscal fourth quarter."

The company's manufacturing ramp continues on schedule, and United Solar Ovonic produced 15.4 MW in the quarter and 25.8 MW for the first half of the fiscal year. No polysilicon is required for the manufacturing of UNI-SOLAR laminates; therefore, production is not affected by polysilicon supply. Nameplate capacity currently stands at 118 MW.

Sanjeev Kumar, ECD's CFO, said, "United Solar's gross margin of 19.2 percent for the quarter exceeded our forecast of 15 to 16 percent due to improved production ramp and operational efficiencies. We continue to see excellent top-line momentum going forward, which will begin to appear below the line in the coming quarters as we complete our restructuring and management transition."

"As a result of our significant cost reductions in R&D, Ovonic Materials has reached breakeven, and we expect it to remain so going forward. Second quarter, consolidated SG&A costs increased about $6 million from the second quarter last year as a result of investments we are making in the right staff and expertise to grow our solar business. The key takeaway is that these costs are increasing at a much slower rate than our overall sales and productivity. These line items now constitute about 23% of revenues and will continue to decline as a percentage of revenues over time as we successfully scale our operations," Kumar added.

Key Developments

-- A multiple-year supply agreement to sell up to 21.15 MW of UNI-SOLAR
laminates to Enfinity Management, one of Europe's largest investors in
solar PV installations. Enfinity will use the UNI-SOLAR products for
rooftop installations in Europe.
-- An agreement with SunEdison, North America's largest solar energy
service provider, to provide up to 17 MW of UNI-SOLAR laminates for use
on large-scale rooftop installations on industrial and commercial
buildings, principally in the US.
-- The hiring of key senior management, including Marcelino Susas, Vice
President, Strategic Marketing; Corby Whitaker, Vice President, Global
Sales; Joseph Conroy, Vice President, Operations; and Tom Schultz, Vice
President, Human Resources - United Solar Ovonic Operations.
-- The signing of several sales agreements in South Korea, one of the
world's fastest growing solar markets, including a take-or-pay
commitment from AirTec for 25 MW in calendar 2008 and 2009.
-- The completion of a $55 million credit facility. In addition, the
company had approximately $155 million in cash and cash equivalents at
the end of the quarter.

Narrowing Full-Year Revenue Guidance; Reiterating Sustainable Profitability in Fiscal Q4

The company narrowed its prior revenue guidance provided at the end of the fiscal first quarter. Fiscal year 2008 consolidated revenues are now expected to be $235 to $245 million versus prior guidance of $220 to $245 million. Fiscal year United Solar product sales are expected to be $215 to $225 million versus prior guidance of $205 to $225 million. Anticipated full-year preproduction costs are in the range of $8 to $9 million. Restructuring costs for fiscal year 2008 are expected to be $7.0 to $8.0 million versus prior guidance of $3 to $5 million due to additional staff reductions and other cost-saving initiatives. The company is reiterating its expectation that it will reach sustainable profitability in the fiscal fourth quarter.

For the fiscal third quarter ending March 31, 2008, total consolidated revenues are expected to be between $65 to $70 million, of which solar product sales are expected to be $60 to $65 million. Gross margins on solar product sales for the fiscal third quarter are expected to be approximately 21 to 23 percent, reflecting further improvement in operational performance and the ramp up of the company's first Greenville manufacturing facility. Restructuring costs for the third quarter are expected to be in the range of $2.0 to $3.0 million. The company anticipates preproduction costs of approximately $1.5 to $2.5 million in the quarter.

Additionally, the company is increasing its guidance on United Solar gross margins for the fiscal fourth quarter to approximately 23 to 25 percent.

Conference Call / Webcast Details

Management of Energy Conversion Devices will host a conference call today at 10:00 a.m. EST to review the financial results. The dial-in number for the live audio call is 877-858-2512 or 706-634-1291 (international) with conference ID number 32008676. The conference call will be webcast live over the Internet and can be accessed in the Investor Relations - Conference Calls - section of the company's website at http://www.ovonic.com/.

[tonycat]

Antwort auf Beitrag Nr.: 33.295.741 von wiwifant am 07.02.08 14:12:46

Na, endlich bekommen die die Kurve, also nix mehr mit den billigen Einstiegskursen demnächst...

[meinolf67]

A 2nd Look: Energy Conversion Rises More
Friday February 8, 11:55 am ET
Energy Conversion Devices Shares Keep Rising on Outlook for Better Margins, Solar Ramp

NEW YORK (AP) -- Energy Conversion Devices Inc. shares continued to rise Friday, with investors focused on its forecast for better margins as the alternative-energy company sails toward profitability.

ADVERTISEMENT
The Rochester Hills, Mich.-based company's stock rose 46 cents to $27.13 in morning trading. It rose $2.77, or 11.6 percent, to $26.67 on Thursday after the company issued its outlook with its fiscal second-quarter earnings report.

Cowen & Co. analyst Rob Stone upgraded Energy Conversion's stock to "Outperform" from "Perform" in a note Friday, saying management's plans to further cut costs and ramp its solar business will provide for more valuable shares.

Chief Executive Mark Morelli "appears to be transforming Energy Conversion along the lines of a solid manufacturing and sales culture," Stone wrote.

Oppenheimer & Co. analyst Adam Hinckley also said Morelli is "demonstrating a clear path to profitability" in a note Friday. The CEO predicted Thursday that Energy Conversion will achieve "sustainable profitability" by this summer. The company is not now profitable because it has been developing and expanding its solar business while ridding itself of other noncore businesses.

It posted a fiscal second-quarter loss on Thursday, but said revenue had doubled and profit margins improved on gains from its solar business.

Banc of America Securities analyst Eric Brown said its solar segment will experience "sufficient demand" for niche applications that require the flexible type of solar products it makes. However, "longer-term, we expect substantial competition from thin film start-ups," he wrote.

[meinolf67]

14.02.2008 08:46
Solar Integrated wins 3 mln usd French CEMOI Chocolatier contract

LONDON (Thomson Financial) - Solar Integrated Technologies Inc (News) said it has won a 3 mln usd order for a building integrated photovoltaic (BIPV) roofing system to be installed on a new CEMOI Chocolatier building in Perpignan, France.

The company said the BIPV project is being managed by Urbasolar, a turn-key PV engineering company based in Montpellier and Solar Integrated's distribution partner in France. The project is planned for completion in 2008.

Upon completion, the CEMOI Chocolatier installation is expected to generate 650,000 kilowatt hours (kWh) per year at 0.55 eur a kWh over 20 years, while saving 1,740 tons of carbondioxide, the company added.

[meinolf67]

February 19 2008

United Solar Ovonic Announces Multi-Year Agreement with ITOCHU to Supply Photovoltaic Laminates for Large-Scale Rooftop Applications


ROCHESTER HILLS, Mich., Feb 19, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- United Solar Ovonic LLC, a wholly owned subsidiary of Energy Conversion Devices, Inc. (Nasdaq: ENER) ("ECD"), announced today that it has entered into a multi-year agreement to supply its UNI-SOLAR(R) brand solar laminates to ITOCHU Corporation for use on large-scale rooftop installations on industrial and commercial buildings worldwide.

"The agreement with ITOCHU underscores our significant and growing presence in the global solar market," said Mark Morelli, president and CEO of ECD. "We applaud ITOCHU for recognizing both the economic and environmental benefits of UNI-SOLAR's lightweight, durable, and flexible thin-film PV laminates for rooftop installations."

"Since 2005, ITOCHU has been committed to growing our solar business as part of a broader commitment to environmental conservation and the development of alternative energy sources. Our agreement with UNI-SOLAR will help us further develop our solar energy business following our acquisition of California-based systems integrator and distributor Solar Depot in 2006. UNI-SOLAR laminates are a natural fit for us, because they can be integrated directly into roofing materials and provide a faster return on investment than competitive solar products," said Yutaka Kato, Chief Operating Officer of Industrial Machinery and Solution Division of ITOCHU Corporation.

UNI-SOLAR laminates offer superior cost-effective solutions for roofing applications because they are lightweight, durable, flexible, can be integrated directly with building materials, and generate more energy in real-world conditions. They are generally three-to-five times lighter than conventional solar modules (which use glass), offering an ideal solution for low-load bearing roof applications. UNI-SOLAR laminates can be installed without any structural changes or penetrations to the roof, and provide superior wind and seismic load performance compared with conventional solar modules.

About Energy Conversion Devices

Energy Conversion Devices, Inc. (Nasdaq: ENER) manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. Distributed globally under the UNI-SOLAR(R) brand, the company's products are ideally suited for cost-effective solar roofing solutions because they are lightweight, durable, flexible, can be integrated directly with building materials, and generate more energy in real-world conditions. ECD also pioneers other alternative technologies, including a new type of non-volatile digital memory that is significantly faster and less expensive, and is ideal for a variety of applications including cell phones, digital cameras and personal computers. For more information, please visit www.ovonic.com.

About ITOCHU

ITOCHU Corporation engages in domestic trading, import/export, and overseas trading of various products such as textiles, machinery, information and communications-related products, metals, products related to oil and other energy sources, general merchandise, chemicals, and provisions and food. Revenues for fiscal year 2007 were $22.4 billion and total trading transactions were $98.1 billion. Operations of ITOCHU's Machinery Company extend from large-scale plants for the chemical and power generation industries, bridges, highways, railways and other public infrastructure, to automobiles, ships, industrial machinery and other individual items. It is actively engaged in diverse businesses in Japan and overseas. These include gas and power projects, other resource development, environmental projects, and new businesses in the fields of solar energy, innovative technologies and operation & maintenance services, contributing to the growth of economies around the world. For more information about ITOCHU, please visit www.itochu.co.jp. The company headquarters is located in Tokyo, Japan.

[petervale2002]

Antwort auf Beitrag Nr.: 33.486.667 von meinolf67 am 27.02.08 08:09:12

Nichts über den Umfang?

[meinolf67]

March 6 2008

Michigan Governor Granholm Tours United Solar Ovonic's State-Of-The-Art Manufacturing Facility in Promoting State's Emerging Leadership in Alternative Energy

Rapidly Growing Thin Film Solar Laminate Company an Example of What Michigan's Economic Future May Hold

AUBURN HILLS, Mich., March 6, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Michigan Governor Jennifer M. Granholm today visited United Solar Ovonic's Greenville manufacturing facility as part of her Alternative Energy Tour highlighting the state's growing emphasis on renewable energy initiatives. United Solar Ovonic, a wholly owned subsidiary of Energy Conversion Devices, Inc. (Nasdaq: ENER), is a leading producer of lightweight and flexible solar panels, branded under the UNI-SOLAR(R) name.

The first phase of the United Solar Greenville site is a 203,000 square-foot facility that commenced operations in November 2007 and currently employs 185 people. When fully ramped in 2009, the two facilities will employ more than 400 people and have an annual production capacity of 120 megawatts of solar laminates, enough electricity to power 48,000 homes.

"United Solar Ovonic is a great example of the type of investment needed to ensure Michigan's economic success in the 21st century," said Governor Jennifer M. Granholm. "The company is a strong anchor for Michigan's alternative energy industry -- and they are taking full advantage of Michigan's exceptional workforce, first-tier engineering, R & D talents and a business climate tuned to growing emerging businesses."

"We applaud Governor Granholm for her support in fostering opportunities for Michigan to play a leadership role in the rapidly growing global alternative energy industry," stated Mark Morelli, president and chief executive officer of Energy Conversion Devices, Inc. (ECD). We have been pleased with the partnership we have forged with Governor Granholm and the Michigan Economic Development Corporation to make it possible for us to build new facilities and create additional jobs right here in Michigan. We look forward to continuing to strengthen this relationship."

In addition to its Greenville operations, United Solar has two manufacturing facilities in Auburn Hills, Michigan with annual production capacities of 28 and 30 megawatts, respectively. United Solar expects to expand its annual manufacturing capacity to 300 megawatts by 2010. United Solar Ovonic currently employs 883 people in Michigan and more than 1350 people worldwide.

As part of her Alternative Energy Development plan for Michigan, Governor Granholm will soon present a proposal to the state Legislature to establish a Renewable Portfolio Standards (RPS) for its statewide electricity production. The proposal would require 10% of Michigan's electricity generation to come from clean, renewable sources like wind, solar and biofuels by 2015. Once that standard has been set, a second phase would expand the RPS to a full 25% of the state's electrical energy by 2025.

[meinolf67]

...zu meinen bisher 4 Stk. 96 dazu gekauft.

Mal schauen, ob sie es diese Jahr ins Grüne schaffen....

[meinolf67]

schöner Anstieg gestern.

[meinolf67]

Energy Conversion Devices Climbs To 3-Month High [ENER]

4/2/2008 10:39:09 AM Energy Conversion Devices (ENER) has risen steadily throughout the last hour of trading. The stock is extending an upswing that began in late March and is at its highest level since early January, up $1.98 at $33.08.

[tonycat]

Genau, etwas später aber irgendjemand (oder ein ECDler) in Amiland muß wohl positives gesagt haben, plus 8% endlich mal wieder 36 Dollar gesehen. First Solar könnte auch wieder Anlauf auf 300 US-Dollar nehmen...

[meinolf67]

May 8 2008

Energy Conversion Devices Reports Net Income of $0.17 Per Share on Revenues of $70 Million for Third Quarter Fiscal 2008

- Company Reaches Profitability
- Solar Gross Margin Exceeds 30 Percent
- Internal Funding for Next 120MW Expansion

ROCHESTER HILLS, Mich., May 8, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced financial results for the third quarter and nine-month period ended March 31, 2008.

Total consolidated revenues for the quarter were $70 million, up 24 percent from second quarter revenues of $56.4 million, and 155 percent higher than third quarter fiscal 2007 revenues of $27.4 million. Solar product sales were $64.9 million, a 31 percent sequential increase and a 193 percent increase over the prior-year quarter.

Net income for the third quarter was $7.0 million, or $0.17 per share, compared to a net loss of $5.4 million, or $0.14 per share, in the second quarter of fiscal 2008, and a net loss of $6.9 million, or $0.17 per share, in the year-ago period. Third quarter results include preproduction costs of approximately $751,000 and restructuring charges of $2.4 million, representing $0.08 per share in the aggregate.

Gross margin on product sales in the solar business was 30.7 percent in the third quarter, compared with 19.2 percent in the second quarter. The gross margin improvement was driven by better factory utilization and yield, and favorable customer/product mix.

Mark Morelli, ECD's president and chief executive officer, commented, "I'm pleased to report that we've reached profitability, and we've done so through sustainable changes to our business. This is a key milestone in our company's history, and a testament to the commitment and hard work of our colleagues."

United Solar Ovonic produced 21.6 MWs in the third quarter and 47.4 MWs for the first nine months of the fiscal year. The company confirmed its plans to expand and add 120MWs of additional nameplate capacity to its existing Greenville facilities. ECD will be able to internally fund this expansion through available funds and cash flow from operations. This previously announced expansion will increase the company's nameplate capacity to approximately 300MWs by the end of fiscal year 2010.

"Our focused efforts are achieving tangible results. These include profitability driven by operational improvements, a substantial increase in sustainable gross margin, and $6 million in positive operating cash flow for the fiscal third quarter. Demand for our products continues to exceed available supply, and we are emphasizing take-or-pay agreements which give us better forward visibility, while ensuring supply to our strategic channel partners. These changes have strengthened our current financial position, positioned us for future profitable growth and give us the flexibility to internally fund our new 120MW expansion," added Mr. Morelli.

Nine Months Results

For the first nine months of fiscal 2008, total consolidated revenues were $173.5 million compared with $77.6 million for the first nine months of fiscal 2007, an increase of 124 percent. Solar product sales totaled $154.5 million in the first nine months of fiscal 2008, a 150 percent increase compared with $61.7 million last year.

For the nine-month period, the company reported a net loss of $6 million, or $0.15 per share, compared with the previous nine month's net loss of $12.1 million, or $0.31 per share. Restructuring costs for the first nine months of fiscal 2008 were $7.5 million. Preproduction costs for the year-to-date period were $5.6 million.

Fourth Quarter/Fiscal Year 2008 Updated Guidance

Total consolidated revenues are expected to be between $73 and $78 million for the fiscal fourth quarter ending June 30, 2008 and between $246 and $251 million for fiscal 2008. Solar product sales for the fourth quarter are expected to be $68 to $73 million, and $222 to $227 million for fiscal 2008. For the fourth quarter, ECD expects it will maintain the 30 to 31 percent gross margin it achieved in the third quarter. Restructuring costs are expected to be between $2 to $3 million for the fourth quarter and $10 to $11 million for fiscal 2008. Preproduction costs are expected to be approximately $1.5 to $2 million for the fourth quarter and between $7 and $8 million for fiscal 2008.

Conference Call / Webcast Details

Management of Energy Conversion Devices will review these financial results on a conference call on Thursday, May 8, 2008 at 10:00 a.m. ET. The dial-in number for the live audio call is 877-858-2512 or 706-634-6076 (international) with conference ID number 44703161. The conference call will be webcast live over the Internet and can be accessed in the Investor Relations -- Conference Calls -- section of the company's website at www.ovonic.com.

An audio replay of the call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until 11:59 p.m., May 10, 2008, and can be accessed by dialing [phone] or [phone] (international), with conference ID number 44703161. The webcast will also be archived on the company's website.

About Energy Conversion Devices

Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER) is the leader in building integrated and commercial rooftop photovoltaics, one of the fastest growing segments of the solar power industry. The company manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR(R) brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. ECD also pioneers other alternative technologies, including a new type of nonvolatile digital memory technology that is significantly faster, less expensive, and ideal for use in a variety of applications including cell phones, digital cameras and personal computers. For more information, please visit www.ovonic.com.

This release contains forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning our plans, xobjectives, goals, strategies, future events, future net sales or performance, capital expenditures, financing needs, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Risks that could cause such results to differ include: our ability to achieve sustainable profitability; our ability to maintain our customer relationships; our ability to expand our manufacturing capacity in a timely and cost-effective manner; the worldwide demand for electricity and the market for solar energy; the supply and price of components and raw materials for our products; and the resolution of pending legal disputes. The risk factors identified in the ECD filings with the Securities and Exchange Commission, including the company's most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q, could impact any forward-looking statements contained in this release.


ENERGY CONVERSION DEVICES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In Thousands, Except Per Share Data)
(Unaudited)

Three Months Ended Nine Months Ended
March 31, March 31,
2008 2007 2008 2007
Revenues
Product Sales $65,366 $23,206 $159,391 $64,731
Royalties 1,537 769 4,044 2,397
Revenue from Product
Development Agreements 2,691 2,887 8,490 8,750
Revenue from License
Agreements 264 238 1,015 734
Other 124 329 533 947
Total Revenues 69,982 27,429 173,473 77,559

Expenses
Cost of Product Sales 45,296 19,787 122,109 54,122
Cost of Revenues from Product
Development Agreements 1,863 2,012 5,391 5,726
Product Development and
Research 1,653 5,671 7,698 15,338
Preproduction Costs 751 491 5,575 1,595
Operating, Selling, General
and Administrative (Net)
(Including Patents) 12,461 10,448 37,082 26,977
Restructuring Charges 2,386 - 7,457 -

Total Expenses 64,410 38,409 185,312 103,758
Income (Loss) from Operations 5,572 (10,980) (11,839) (26,199)
Total Other Income 1,439 4,109 5,914 14,113
Net Income (Loss) before Income
Taxes 7,011 (6,871) (5,925) (12,086)
Income Taxes 37 - 94 -

Net Income (Loss) $6,974 $(6,871) $(6,019) $(12,086)
Basic Net Income (Loss) Per
Share $.17 $(.17) $(.15) $(.31)
Diluted Net Income (Loss) Per
Share $.17 $(.17) $(.15) $(.31)
Shares Used In Calculation of
Net Loss Per Share
Basic 40,317 39,517 40,100 39,295
Diluted 40,719 39,517 40,100 39,295



Non-GAAP Financial Measures

To supplement its financial statements presented in accordance with
Generally Accepted Accounting Principles (GAAP) ECD uses the following
measures (unaudited) as defined by the Securities and Exchange Commission as
non-GAAP measures:

Three Months Ended Nine Months Ended
March 31, March 31,
2008 2007 2008 2007
(In Thousands Except Per Share Data)

Net Income (Loss) $6,974 $(6,871) $(6,019) $(12,086)
Add:
- Preproduction Costs 751 491 5,575 1,595
- Restructuring Charges 2,386 - 7,457 -

Net Income (Loss) as Adjusted
(Non-GAAP) $10,111 $(6,380) $7,013 $(10,491)
Net Income (Loss) (Basic and
Fully Diluted) Per Share as
Reported $.17 $(.17) $(.15) $(.31)
Net Income (Loss) (Basic and
Fully Diluted) Per Share as
Adjusted (Non-GAAP) $.25 $(.16) $.17 $(.27)



ENERGY CONVERSION DEVICES INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In Thousands)

March 31, 2008 June 30, 2007
(Unaudited)
ASSETS
Cash and Cash Equivalents $80,690 $80,770
Restricted Investments 5,659 -
Short-Term Investments 14,963 125,004
Accounts Receivable (Net) 44,204 36,498
Inventories 32,232 38,692
Assets Held for Sale 1,539 1,524
Property, Plant and Equipment (Net) 384,583 311,369
Other 41,274 6,822
TOTAL ASSETS $605,144 $600,679

LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts Payable and Other Liabilities $47,166 $42,940
Long-Term Liabilities 31,499 32,232
TOTAL LIABILITIES 78,665 75,172
STOCKHOLDERS' EQUITY 526,479 525,507
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $605,144 $600,679



ENERGY CONVERSION DEVICES INC. AND SUBSIDIARIES
CONDENSED STATEMENTS OF CASH FLOWS
(In Thousands)
(Unaudited)

Nine Months Ended
March 31,
2008 2007
OPERATING ACTIVITIES:
Net Loss $(6,019) $(12,086)
Adjustments to Reconcile Net Loss to Net Cash
Provided By (Used In) Operating Activities:
Depreciation and Amortization 15,059 8,258
Bad Debt and Other Expenses 734 (55)
Amortization of Premium (Discount) on
Investments - (146)
Allowance for Slow-Moving Inventory 1,793 1,421
Restructuring Charge 1,019 -
Stock and Stock Options Issued for
Services Rendered 1,506 1,455
Other (359) (1,478)
Changes in Working Capital (1,064) 1,299
NET CASH PROVIDED BY (USED IN) OPERATING
ACTIVITIES 12,669 (1,332)

INVESTING ACTIVITIES:
Increase in Restricted Investment (5,659) -
Purchases of Property, Plant and Equipment
(Including Construction in Progress) (Net) (88,375) (139,420)
Proceeds from Sale of Investments 75,379 21,504
Payment to Ovonyx - (200)
NET CASH USED IN INVESTING ACTIVITIES (18,655) (118,116)
NET CASH PROVIDED BY FINANCING ACTIVITIES 5,971 8,308
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND
CASH EQUIVALENTS (65) (18)
NET CASH FLOW (80) (111,158)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 80,770 164,962
CASH AND CASH EQUIVALENTS AT END OF PERIOD $80,690 $53,804



ENERGY CONVERSION DEVICES INC. AND SUBSIDIARIES
SEGMENT REVENUE AND OPERATING INCOME/(LOSS)
(In Thousands)
(Unaudited)

Three Months Ended March 31,
2008 2007 2008 2007
Revenues Income (Loss)
from Operations

United Solar Ovonic $66,736 $23,841 $13,735 $518
Ovonic Materials 3,178 3,442 940 (4,185)
Corporate Activities 253 291 (9,175) (6,796)
Consolidating Entries (185) (145) 72 (517)
Consolidated $69,982 $27,429 $5,572 $(10,980)

Nine Months Ended March 31,
2008 2007 2008 2007
Revenues Income (Loss)
from Operations

United Solar Ovonic $160,343 $66,895 $15,352 $2,870
Ovonic Materials 12,840 10,263 639 (10,957)
Corporate Activities 797 890 (27,983) (16,527)
Consolidating Entries (507) (489) 154 (1,585)
Consolidated $173,473 $77,559 $(11,838) $(26,199)



Segment Operations - United Solar Ovonic
(In Thousands)
(Unaudited)

Three Months Ended Nine Months Ended
March 31, March 31,
2008 2007 2008 2007

PV Product Sales $64,941 $22,143 $154,538 $61,715
Megawatts Produced 21.6 8.8 47.4 21.8
Megawatts Shipped 21.5 7.4 51.4 19.2
Cost of Product Sales $45,021 $18,303 $117,846 $50,298
Gross Margin $19,920 $3,840 $36,692 $11,417
Gross Margin % 30.7% 17.3% 23.7% 18.5%
Other Revenues:
Research and Development $1,795 $1,696 $5,805 $5,174
Other Operating Revenues - 2 - 6
Other Revenues Total 1,795 1,698 5,805 5,180
Total Revenues 66,736 23,841 160,343 66,895
Other Expenses:
Research and Development 1,943 1,945 6,314 4,793
Preproduction 751 491 5,574 1,595
Operating, Selling, General
and Administrative Expenses 5,286 2,584 15,257 7,339
Total Other Expenses 7,980 5,020 27,145 13,727
Income from Operations $13,735 $518 $15,352 $2,870



Segment Operations - Ovonic Materials
(In Thousands)
(Unaudited)

Three Months Ended Nine Months Ended
March 31, March 31,
2008 2007 2008 2007

Product Sales $425 $1,063 $4,872 $3,016
Cost of Product Sales 356 1,098 4,519 2,674
Other Revenues:
Royalties 1,537 769 4,044 2,397
Research and Development 896 1,194 2,684 3,596
Licenses 264 238 1,015 734
Other Operating Revenues 56 178 225 520
Other Revenues Total 2,753 2,379 7,968 7,247
Total Revenues 3,178 3,442 12,840 10,263
Other Expenses:
Research and Development 1,573 5,740 6,776 16,289
Operating, General and
Administrative Expenses 309 789 906 2,257
Total Other Expenses 1,882 6,529 7,682 18,546
Income (Loss) from Operations $940 $(4,185) $639 $(10,957)



Segment Operations - Corporate Activities
(In Thousands)
(Unaudited)

Three Months Ended Nine Months Ended
March 31, March 31,
2008 2007 2008 2007

Other Operating Revenues $253 $291 $797 $890
Other Expenses:
Restructuring 2,386 - 7,457 -
Operating, General and
Administrative Expenses 7,042 7,087 21,323 17,417
Total Expenses 9,428 7,087 28,780 17,417
Loss from Operations $(9,175) $(6,796) $(27,983) $(16,527)

[insanetrader]

Eigentlich bin ich schon länger von ENER überzeugt - habe aber leider nur einen kleinen Betrag investiert. Mit Bekanntgabe der Q3/08-Zahlen geht es ja ganz schön bergauf - aktuell liegen in München Bid/Ask über 27 EUR! Sollten sich die Erwartungen erfüllen, dürfte es in den nächsten Jahren ordentlich nach oben gehen.

[meinolf67]

08.05.2008 15:44
Energy Conversion Devices climbs 29% in premarket following strong 3Q results

BOSTON (Thomson Financial) - Shares of Energy Conversion Devices Inc. (News) rose in premarket trading Thursday after the Rochester Hills, Mich.-based alternative energy company posted better-than-expected results for the fiscal third quarter.

The stock rose more than 29% to $34.81 on volume of 669,102 shares. The issue's 30-day average volume is about 1.3 million shares.

Energy Conversion Devices said it swung to a third-quarter profit of $7 million, or 17 cents a share, from a year-earlier loss of $6.9 million, or 17 cents a share. Revenue more than doubled to $70 million from $27.4 million.

Analysts polled by Thomson Reuters, on average, had expected a third-quarter loss of 6 cents a share on revenue of $66.7 million.

For the fiscal fourth quarter, Energy Conversion Devices forecast revenue of $73 million to $78 million, compared with the consensus analyst estimate of $73.1 million.

The company expects fiscal 2008 revenue of $246 million to $251 million. Analysts, on average, are looking for revenue of $243.4 million.

[meinolf67]

http://www.sgip-ca.com/

[meinolf67]

Aktueller Wirkungsgrad 8,0-8,5%!

[meinolf67]

May 8 (Reuters) - Energy Conversion Devices Inc (ENER.O: Quote, Profile, Research) swung to a quarterly profit, beating Wall Street view, due to higher demand for its solar products, and forecast a fourth-quarter revenue range whose lower end was in line with market expectations, sending its shares to a new year-high.

For the third quarter, the alternative energy technology company, earned $7 million, or 17 cents a share, compared with a net loss of $6.9 million, or 17 cents a share, a year ago.

Total consolidated revenue more than doubled to $70 million, while that of its solar products rose 193 percent to $64.9 million.

Analysts, on average, expected the company to breakeven during the quarter, excluding items, on revenue of $66.7 million, according to Reuters Estimates.

"Demand for our products continues to exceed available supply, and we are emphasizing take-or-pay agreements which give us better forward visibility, while ensuring supply to our strategic channel partners," Chief Executive Mark Morelli said in a statement.

The company said it expects fourth-quarter revenue of $73 million to $78 million.

Analysts are expecting fourth-quarter revenue of $73.0 million, according to Reuters Estimates.

[meinolf67]

posted on: May 09, 2008 | about stocks: ENER

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Energy Conversion Devices (ENER) is an interesting tale - this has been for many many years a "hope" stock i.e. more promise than execution - I remember the hoopla surrounding it at the turn of the century ... the last time people were all hyped up about alternative energies (at the time the big fuss was about new wave car batteries and the like).

his company has morphed over the years with a confusing array of business lines (trying to decide what it wanted to "be"), but recently has added a newer and more-business savvy executive team, and while they still have a few business lines .... the excitement is their solar business, which has turned into the dominant line at the company.

Much like First Solar (FSLR), ENER has a thin film process, so by staying away from the polysilicon shortage issue they have some potential to sidestep some issues currently facing the rest of the industry. The company is out with earnings and put in a surprising act, instead of a 6 cent loss, we have a 17 cent gain. So perhaps the long-awaited and promised turnaround is finally here.

We'd like to see another quarter or so of this to call this a confirmed turnaround but speculators could care less about that... the stock is up 26% in premarket. This is a name I've been keeping 1 eye on, but with results like this it's time to put both eyes here.... another quarter like this and you'll get Cramer talking about how this is the next First Solar.

Revenue growth in solar was fantastic and gross margin exploded 11% higher... that's a heck of an achievement. As one of the great philosopher's of our time would say... "That's hot." I have to do some homework with the guidance, but on first glance the 2008 full year loss estimate and 2009 profit look like they vastly understate profit potential; which is my favorite type of story. We'll be interested on a pullback, although the hype on a name like this could carry this one very far in a quick time.

* Total consolidated revenues for the quarter were $70 million, up 24 percent from second quarter revenues of $56.4 million, and 155 percent higher than third quarter fiscal 2007 revenues of $27.4 million. Solar product sales were $64.9 million, a 31 percent sequential increase and a 193 percent increase over the prior-year quarter.
* Net income for the third quarter was $7.0 million, or $0.17 per share, compared to a net loss of $5.4 million, or $0.14 per share, in the second quarter of fiscal 2008, and a net loss of $6.9 million, or $0.17 per share, in the year-ago period. Third quarter results include preproduction costs of approximately $751,000 and restructuring charges of $2.4 million, representing $0.08 per share in the aggregate.
* Gross margin on product sales in the solar business was 30.7 percent in the third quarter, compared with 19.2 percent in the second quarter. The gross margin improvement was driven by better factory utilization and yield, and favorable customer/product mix.
* United Solar Ovonic produced 21.6 MWs in the third quarter and 47.4 MWs for the first nine months of the fiscal year. The company confirmed its plans to expand and add 120MWs of additional nameplate capacity to its existing Greenville facilities. ECD will be able to internally fund this expansion through available funds and cash flow from operations. This previously announced expansion will increase the company's nameplate capacity to approximately 300MWs by the end of fiscal year 2010.

Guidance

* Total consolidated revenues are expected to be between $73 and $78 million for the fiscal fourth quarter ending June 30, 2008 and between $246 and $251 million for fiscal 2008. Solar product sales for the fourth quarter are expected to be $68 to $73 million, and $222 to $227 million for fiscal 2008. For the fourth quarter, ECD expects it will maintain the 30 to 31 percent gross margin it achieved in the third quarter. Restructuring costs are expected to be between $2 to $3 million for the fourth quarter and $10 to $11 million for fiscal 2008. Preproduction costs are expected to be approximately $1.5 to $2 million for the fourth quarter and between $7 and $8 million for fiscal 2008.

[meinolf67]

12.05.2008 11:21
Solar Integrated signs multi-year supply agreement with United Solar Ovonic

LONDON (Thomson Financial) - Solar Integrated Technologies Inc., (News) a building integrated photovoltaic (BIPV) roofing systems provider, said it has entered into a new multi-year supply and cooperation agreement with United Solar Ovonic LLC, a unit of Energy Conversion Devices, Inc.

United Solar has been supplying flexible thin-film amorphous photovoltaic laminates to Solar Integrated under a supply agreement signed in 2006 that contemplated the purchase of up to 100 MW of UNI-SOLARA photovoltaic laminates through 2010, the company said.

The new supply agreement expands the scope and supply of UNI-SOLARA photovoltaic laminates significantly beyond 100 MW and extends the term through Dec. 31, 2012, on a 'take or pay' basis, Solar Integrated said.

Under the agreement, Solar Integrated said it retains certain limited exclusivity rights in the North American market for its BIPV application.

[meinolf67]

Optimistic on Energy Conversion
Thursday May 22, 9:52 am ET
By Jon Kolb

We remain optimistic about Energy Conversion Devices, Inc.'s (NasdaqGS: ENER - News) long-term potential success in the high growth alternative energy industry, given increased activity in solar power projects. The maker of thin-film flexible solar laminate products achieved profitability for the first time in the third quarter since it went public in 1969. The company is also developing and expanding its solar business while exiting other non-core businesses.

High and volatile global energy prices, in combination with declining technology costs, have renewed interest in alternative energy stocks, thereby pushing many valuations higher in volatile markets. With the company achieving break-even profitability during the second-half of fiscal 2008, and expected continued positive EPS through 2008-09, the stock is expected to trade at much attractive P/E multiples through 2008.

Nevertheless, we note the stock is highly volatile, pending the sale of its Cobasys joint venture. Additionally, despite increasing product revenue, the internal restructuring processes and several recent contracts, we question the profitability potential of licensing royalties.

Moreover, a history of negative profit margins and operating income without meaningful valuation metrics collectively show potential for moderate-to-high returns, but with high risk. Accordingly, we maintain a speculative Buy recommendation and a six-month target price of $74 on the stock.

[meinolf67]

23.05.2008 10:51
Solar Integrated wins two roofing system orders worth $7 mln from UPC Energy

LONDON (Thomson Financial) - Solar Integrated Technologies Inc. (News) said it has won two orders worth $7 million from UPC Energy Management for its building integrated photovoltaic (BIPV) roofing systems.

The solar roof systems provider said these systems, to be installed by Istor, a commercial roofing specialist in Greece, are expected to be completed in 2008.

The systems will be installed at two bottling plants in Greece owned by one of the world's largest bottlers of non-alcoholic beverages and will be owned and operated by UPC Energy under a long-term joint development agreement with the bottling company, it added.

[hsl333]

ENERGY CONVERSION - Das ist schon sehr extrem
Datum 13.05.2008 - Uhrzeit 14:59 (© BörseGo AG 2007, Autor: Rain André, Technischer Analyst, © GodmodeTrader - http://www.godmode-trader.de/)
WKN: 858643 | ISIN: US2926591098 | Intradaykurs:

nergy Conversion Devices - Kürzel: ENER - ISIN: US2926591098

Börse: Nasdaq in USD / Kursstand: 53,82 $

Kurz-Kommentierung: Die ENERGY CONVERSION Aktie befindet sich seit Januar 2008 wieder in einer starken Ausbruchsbewegung, welche sich seit vergangener Woche extrem beschleunigt! Es ist aktuell massive Kaufpanik zu spüren, die Aktie schießt unter extrem hohen Umsätzen nach oben. Auch heute notiert sie vorbörslich knapp 5% im Plus bei aktuell 53,82 $.

Damit ist sie auf direktem Weg zum AllTimeHigh bei 57,84 $, welches in dieser Woche noch erreicht werden könnte. Im Bereich dieses Hochs sollte dann ein Rücksetzer starten. Bei der aktuell extremen Volatilität könnte eine Korrektur durchaus auch früher oder erst nach einem kurzen Ausbruch nach oben beginnen.

Idealerweise setzt die Aktie vom AllTimeHigh bei 57,84 $ nochmals bis 42,75 oder 39,81 - 41,06 $, bevor ein nachhaltiger Ausbruch über 57,84 $ gelingt. Auf mittelfristige Sicht deutet das aktuelle Chartbild weitere Kursgewinne bis ca. 100,00 und 130,00 $ an.

Kursverlauf vom 27.03.2005 bis 12.05.2008 (log. Kerzenchartdarstellung / 1 Kerze = 1 Woche)

[meinolf67]

June 2 2008

United Solar Ovonic Expanding -- Expects to Add 400 Jobs in Greenville, Michigan

Positions to be Filled Within the Next Several Months

GREENVILLE, Mich., June 2, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- United Solar Ovonic LLC, a wholly owned subsidiary of Energy Conversion Devices, Inc. (Nasdaq: ENER) and the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, announced today that it will begin hiring to accommodate the recently announced expansion to add 120MWs nameplate capacity to its existing Greenville Campus. With this expansion the total employment at the site is planned to reach approximately 800 team members.

Together with a previously announced expansion the company's nameplate capacity will expand to approximately 300MWs by the end of fiscal 2010.

"This is great news for our employees and the community. It takes a large pool of talented people for United Solar to build and ramp-up a solar production facility," said Gary DiDio, plant manager of United Solar Ovonic in Greenville, Michigan. "Greenville is a wonderful place to work. We were still very busy hiring for our initial production needs. The expansion will require an additional 400 employees. The majority of our hiring will be for production technicians, but there are immediate needs for supervisors, engineers, and many other roles," he added.

Greenville is located approximately 35 miles northeast of Grand Rapids. Candidates interested in a career in the solar manufacturing industry should review all open postings on the company's website, www.uni-solar.com. Many jobs can be applied to directly via email, however, all candidates interested in applying for a production technician job must apply through the Michigan Works office in Greenville. For more information contact Michigan Works at 616-754-3611 or go to www.camwc.org to get an application packet.

About United Solar Ovonic

United Solar Ovonic, a subsidiary of Energy Conversion Devices, Inc. (Nasdaq: ENER), is the leader in building integrated and commercial rooftop photovoltaics, one of the fastest growing segments of the solar power industry. The company manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. Distributed globally under the UNI-SOLAR(R) brand, the company's products are ideally suited for cost-effective solar roofing solutions because they are lightweight, durable, flexible, can be integrated directly with building materials, and generate more energy in real-world conditions. For more information, please visit www.uni-solar.com and www.ovonic.com.

This release may contain forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on assumptions which ECD, as of the date of this release, believes to be reasonable and appropriate. ECD cautions, however, that the actual facts and conditions that may exist in the future could vary materially from the assumed facts and conditions upon which such forward-looking statements are based. The risk factors identified in the ECD filings with the Securities and Exchange Commission, including the company's most recent Annual Report on Form 10-K, could impact any forward- looking statements contained in this release.

SOURCE United Solar Ovonic LLC

[meinolf67]

Energy Conversion shares rise to new high
Thursday June 5, 12:25 pm ET
Energy Conversion shares jump as Lehman sees less exposure to volatile European markets

NEW YORK (AP) -- Shares of Energy Conversion Devices surged to an all-time high on Thursday, as a Lehman Brothers analyst said he expects the company to be less affected than some by volatility in European solar markets.

Analyst Vishal Shah noted Energy Conversion has relatively low exposure to the volatile Spanish market and to spot polysilicon prices, which have been climbing.

In addition, German lawmakers will soon enact reduced subsidies for solar companies, but the cuts are not as large as some thought they might be and solar companies like Energy Conversion will still find support.

Shah predicted continued volatility in the solar sector until more clarity exists on the future of the German and Spanish solar markets. He rates Energy Conversion "Equal Weight."

Shares of the Rochester Hills, Mich., company jumped $4.19, or 6.8 percent, to $65.29 at midday. Earlier in the session, shares hit a fresh all-time high of $65.80.

[insanetrader]

Energy Conversion Devices Announces Offering of 4,708,500 Shares of Common Stock, $225 Million of Convertible Senior Notes, and Share Lending Arrangement
Thursday June 12, 4:47 pm ET

ROCHESTER HILLS, Mich., June 12 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (Nasdaq: ENER - News), a global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, announced today that it has filed preliminary prospectus supplements with the Securities and Exchange Commission relating to proposed public offerings of 4,708,500 shares of common stock and $225 million aggregate principal amount of Convertible Senior Notes due 2013. Energy Conversion Devices intends to grant the underwriters of the proposed offering of common stock an option to purchase up to an additional 190,500 shares of common stock, and to grant to the underwriters of the proposed offering of notes an option to purchase up to an additional $33.75 million aggregate principal amount of notes.

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The interest rate, conversion rate, conversion price and other terms of the notes will be determined at the time of the pricing of the offering. The notes will be senior unsecured obligations and will rank equal in right of payment with any future senior unsecured debt, and senior in right of payment to all of the company's existing and future debt, if any, that is subordinated to the notes.

Concurrently with this offering of the notes, Energy Conversion Devices is offering 4,708,500 shares of its common stock. Of these, 3,438,500 shares will be lent by Energy Conversion Devices to Credit Suisse International, or CSI, an affiliate of Credit Suisse Securities (USA) LLC, pursuant to a share lending agreement among Energy Conversion Devices, Credit Suisse Securities (USA) LLC and CSI. Under that agreement, CSI will be entitled to offer and sell such shares pursuant to the equity prospectus supplement and will agree to use the sale of such offered shares to facilitate the establishment of hedge positions by investors in the notes offered and potentially other securities. CSI will receive all of the proceeds from the share lending arrangement. Energy Conversion Devices will not receive any of the proceeds from the share lending arrangement but will receive a nominal lending fee. The completion of the lending of shares pursuant to the share lending arrangement is conditioned on completion of the convertible notes offering.

While the borrowed shares will be considered issued and outstanding for corporate law purposes, because the shares lent pursuant to that agreement must be returned to Energy Conversion Devices prior to June 15, 2013, the company believes that under U.S. generally accepted accounting principles, the borrowed shares will not be considered outstanding for the purpose of computing and reporting earnings per share.

Credit Suisse Securities (USA) LLC and UBS Securities LLC are acting as the representatives of the underwriters and the book-running managers for the common stock offering and the convertible note offering, and JPMorgan Chase & Co., Deutsche Bank Securities, and Lazard Ltd. will serve as co-managers.

Energy Conversion Devices intends to use the net proceeds from the offering of convertible notes and the underwritten equity offering for the expansion of its solar laminate production in connection with its plan to reach 1 GW of capacity by 2012 and for general corporate purposes.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

A registration statement relating to these securities (including a prospectus and two prospectus supplements) has been filed with the Securities and Exchange Commission. Prospective investors should read the prospectus, prospectus supplements, the registration statement and other documents Energy Conversion Devices has filed with the SEC for more complete information about Energy Conversion Devices and this offering. These documents are available at no charge by visiting EDGAR on the SEC Web site at http://www.sec.gov. Alternatively, a prospectus and prospectus supplement for the common stock offering and/or for the convertible notes offering may be obtained by contacting the prospectus department of Credit Suisse Securities (USA) LLC, One Madison Avenue, New York, NY 10010, (tel: [phone]).

NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the offering, the use of the net proceeds from the offering and the belief that the borrowed shares will not be considered outstanding for the purpose of computing and reporting earnings per share. These forward-looking statements involve risks and uncertainties. Factors that could cause actual events to differ materially from those predicted in such forward-looking statements include market conditions, potential fluctuations in Energy Conversion Devices' stock price, management's broad discretion over the use of the net proceeds of the offering, or changes in U.S. generally accepted accounting principles or in their interpretation. Certain of these risks and others are detailed from time to time in Energy Conversion Devices' periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K for the year ended June 30, 2007, its quarterly report on Form 10-Q for the quarter ended March 31, 2008 and in the registration statement.

[insanetrader]

So ganz überrascht mich diese Meldung nicht. Schließlich muss ENER in den kommenden Jahren die Produktionskapazität stark erhöhen, um im Markt bestehen zu können. Um die derzeitigen 100+x MW/a zu vervielfachen dürfte einiges an Kapital notwendig sein. Das kann nicht von ENER über bald zu erzielende Gewinne finanziert werden. Also braucht man irgendwoher Geld.

Vielleicht kann mir hier jemand aushelfen, mein Wirtschaftenglisch ist nicht so toll. Wie ich es verstanden habe verleiht ENER ca. 3,5M eigene Aktien an Credit Suisse bis 2013 und bekommt dafür eine Leihgebühr. Weitere 1,2M Aktien werden verkauft. Ferner begibt ENER eine Senior convertible note (Pflichtwandelanleihe?), auf welche sie den Käufern Zinsen zahlen müssen und die am Ende der Laufzeit in Aktien gewandelt werden? Ist das in etwa korrekt?

[insanetrader]

Ach ja, sehr interessant auch die beiläufige Erwähnung, dass bis 2012 1GW Fertigungskapazität erreicht werden sollen! Nicht schlecht. Bei welcher Kapazität befindet sich denn derzeit FSLR und wo werden die bis 2012 stehen?

[meinolf67]

June 19 2008

Energy Conversion Devices Upsizes and Prices Offering of 4.7 Million Shares of Common Stock and $275.0 Million of Convertible Senior Notes


ROCHESTER HILLS, Mich., June 19, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Energy Conversion Devices, Inc. (Nasdaq: ENER), a global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced the pricing of its public offering of 4,714,975 shares of common stock at $72.00 per share, and the pricing of its $275.0 million aggregate principal amount of 3.00% convertible senior notes due in 2013. The offering commenced on June 12, 2008 at 4,708,500 shares of common stock and $225.0 million aggregate principal amount of notes. ECD has also granted the underwriters of the offering of common stock an option to purchase up to an additional 190,500 shares of common stock and the underwriters of the offering of notes an option to purchase up to an additional $41.25 million aggregate principal amount of notes.

The notes will bear interest at a rate of 3.00% per year, payable on June 15 and December 15 of each year, commencing on December 15, 2008. The notes will mature on June 15, 2013. Holders of the notes may, under certain circumstances at their option, convert the principal amount of their notes into cash and, with respect to any amounts in excess of the principal amount, shares of ECD's common stock initially at a conversion rate of 10.8932 shares (equivalent to an initial conversion price of approximately $91.80 per share) per $1,000 principal amount of notes. The notes are also convertible on this basis at any time on or after March 15, 2013 and prior to the close of business on the business day immediately proceeding the maturity date. The applicable conversion rate will be subject to adjustments in certain circumstances. The notes will be senior unsecured obligations of ECD and will rank equal in right of payment with any future senior unsecured debt of ECD, and senior in right of payment to all of ECD's existing and future debt, if any, that is subordinated to the notes.

Concurrently with the notes offering, ECD is offering 4,714,975 shares of common stock. Of these, 3,444,975 shares will be lent by ECD to Credit Suisse International, or CSI, an affiliate of Credit Suisse Securities (USA) LLC, pursuant to a share lending agreement among ECD, Credit Suisse Securities (USA) LLC and CSI. Under the agreement, CSI is entitled to offer and sell such shares in order to facilitate the establishment of hedge positions by investors in the notes and potentially other securities ECD may issue in the future. Up to 721,675 of the shares borrowed may be used to facilitate such transactions on a delayed basis. ECD will not receive any of the proceeds from the sale of shares pursuant to the share lending agreement but will receive a nominal lending fee. The completion of the lending of shares pursuant to the share lending agreement is conditioned on the completion of the convertible notes offering. ECD expects that delivery of the shares of common stock pursuant to the share lending agreement will be made concurrently with the closing of the note offering.

While the borrowed shares will be considered issued and outstanding for corporate law purposes, because the shares lent pursuant to that agreement must be returned to ECD prior to June 15, 2013, the company believes that under U.S. generally accepted accounting principles, the borrowed shares will not be considered outstanding for the purpose of computing and reporting earnings per share.

Closing of the public offerings of shares and notes is expected to occur on June 24, 2008, and will be subject to the satisfaction of various customary closing conditions. ECD intends to use the net proceeds from the offering of convertible notes and the underwritten equity offering for the expansion of its solar laminate production in connection with its plan to reach 1 GW of capacity by 2012 and for general corporate purposes.

Credit Suisse Securities (USA) LLC and UBS Securities LLC are acting as the representatives of the underwriters and the book-running managers for the common stock offering and the convertible note offering, and JPMorgan Chase & Co., Deutsche Bank Securities, and Lazard Ltd. are serving as co-managers.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

A registration statement relating to these securities (including a prospectus and two prospectus supplements) has been filed with the Securities and Exchange Commission. Prospective investors should read the prospectus, prospectus supplements, the registration statement and other documents Energy Conversion Devices has filed with the SEC for more complete information about Energy Conversion Devices and this offering. These documents are available at no charge by visiting EDGAR on the SEC Web site at http://www.sec.gov. Alternatively, a prospectus and prospectus supplement for the common stock offering and/or for the convertible notes offering may be obtained by contacting the prospectus department of Credit Suisse Securities (USA) LLC, One Madison Avenue, New York, NY 10010, (tel: [phone]) or UBS Investment Bank, Prospectus Department, 299 Park Avenue, New York, NY 10171, (tel: [phone]).

[lohnsklave]

Hallo an ALLE !

bin erst seit gestern auf diese Aktie gestossen, nachdem ich mir mal wieder alle Solar China Stocks etwas näher angesehen habe. Bin leider des Englischs nicht so mächtig, dass ich alles genau verstehe. Aber die Aktie ist ja fantastisch gelaufen die letzten Wochen. Überlege mir ob ich einsteigen soll oder mal auf eine Konsolidierung warten soll, falls überhaupt noch eine kommt. Komisch, dass hier so wenig Interesse im Thread ist, kaum einer scheint die Aktie hier in D zu kennen.

Vielen Dank auf jeden Fall an meinolf67 für die unermüdlichen Infos. Grüsse DER LOHNSKLAVE

[meinolf67]

June 24 2008

Energy Conversion Devices Announces Closing of Common Stock and Convertible Senior Note Offerings


ROCHESTER HILLS, Mich., June 24, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), a global manufacturer of thin- film flexible solar laminate products for the building integrated and commercial rooftop markets, announced that it has closed its previously announced concurrent public offerings of 1,460,500 shares of common stock at a price of $72.00 per share, and $316.3 million aggregate principal amount of 3.00% convertible senior notes due 2013, raising net proceeds of approximately $405.3 million. These figures include the exercise of the underwriters' options to purchase additional shares of common stock and notes, which were exercised in full.

Concurrent with the closing of its common stock and note offerings, ECD loaned 2,723,300 shares of its common stock to Credit Suisse International, or CSI, an affiliate of Credit Suisse Securities (USA) LLC, pursuant to a share lending agreement among ECD, Credit Suisse Securities (USA) LLC and CSI. Under that agreement, CSI may offer and sell such shares pursuant to the equity prospectus supplement and has agreed to use the borrowed shares to facilitate the establishment of hedge positions by investors in the notes. The company expects that an additional 721,675 shares of common stock will be issued over the next two days under the share lending agreement to facilitate additional hedge positions. ECD received a nominal lending fee from the share lending arrangement while CSI will receive all of the proceeds from the sales of the shares borrowed under the share lending arrangement.

While the borrowed shares are considered issued and outstanding for corporate law purposes, because the shares lent pursuant to that agreement must be returned to ECD prior to June 15, 2013, the company believes that under U.S. generally accepted accounting principles, the borrowed shares are not considered outstanding for the purpose of computing and reporting earnings per share.

The convertible senior notes bear interest at a rate of 3.00% per year, payable on June 15 and December 15 of each year, commencing on December 15, 2008. The notes mature on June 15, 2013. Holders of the notes may, under certain circumstances at their option, convert the principal amount of their notes into cash and, with respect to any amounts in excess of the principal amount, shares of ECD's common stock initially at a conversion rate of 10.8932 shares (equivalent to an initial conversion price of approximately $91.80 per share) per $1,000 principal amount of notes. The notes are also convertible on this basis at any time on or after March 15, 2013 and prior to the close of business on the business day immediately proceeding the maturity date. The applicable conversion rate will be subject to adjustments in certain circumstances. The notes are senior unsecured obligations of ECD and rank equal in right of payment with any future senior unsecured debt of ECD, and senior in right of payment to all of ECD's existing and future debt, if any, that is subordinated to the notes.

ECD intends to use the net proceeds from the offering of convertible notes and the underwritten equity offering for the expansion of its solar laminate production capacity in connection with its plan to reach 1GW of capacity by 2012 and for general corporate purposes.

Credit Suisse Securities (USA) LLC and UBS Securities LLC acted as the representatives of the underwriters and joint book-running managers for the common stock offering and the convertible note offering, and JPMorgan Chase & Co., Deutsche Bank Securities, and Lazard Ltd. served as co-managers.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

A registration statement relating to these securities (including a prospectus and two prospectus supplements) has been filed with the Securities and Exchange Commission. Prospective investors should read the prospectus, prospectus supplements, the registration statement and other documents ECD has filed with the SEC for more complete information about ECD and this offering. These documents are available at no charge by visiting EDGAR on the SEC Web site at http://www.sec.gov. Alternatively, a prospectus and prospectus supplement for the common stock offering and/or for the convertible notes offering may be obtained by contacting the prospectus department of Credit Suisse Securities (USA) LLC, One Madison Avenue, New York, NY 10010, (tel: [phone]).

NOTE: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the offering, the use of the net proceeds from the offering and the belief that the borrowed shares will not be considered outstanding for the purpose of computing and reporting earnings per share. These forward-looking statements involve risks and uncertainties. Factors that could cause actual events to differ materially from those predicted in such forward-looking statements include market conditions, potential fluctuations in Energy Conversion Devices' stock price, management's broad discretion over the use of the net proceeds of the offering, or changes in U.S. generally accepted accounting principles or in their interpretation. Certain of these risks and others are detailed from time to time in Energy Conversion Devices' periodic reports filed with the Securities and Exchange Commission, including, but not limited to, its annual report on Form 10-K for the year ended June 30, 2007, its quarterly report on Form 10-Q for the quarter ended March 31, 2008 and in the registration statement.

SOURCE Energy Conversion Devices, Inc.

[meinolf67]

Uni-Solar to reach 1-GW manufacturing capacity by 2012, Guha tells PV Summit attendees
24 June 2008 | By Tom Cheyney | Chip Shots

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The number-two thin-film photovoltaics company plans to hit 1-GW in manufacturing capacity by 2012, the chairman of United Solar Ovonic (Uni-Solar) told attendees at the IntertechPira Photovoltaics Summit in San Diego last week. Toward the conclusion of his presentation on amorphous (a-Si) and nanocrystalline thin-film silicon, industry maven Subhendu Guha said that the recent successful raising of hundreds of million dollars through a public offering of common-stock shares and repricing of senior convertible notes will allow Uni-Solar to "sustain growth" to the gigawatt level.

While it continues to ramp to 300 MW of nameplate capacity at its Michigan factory sites by 2010, the company has yet to decide where the additional manufacturing will be located, according to Guha. The decision "will be based economic and practical reasons," he explained, noting the wide range of states and countries whose incentive packages will be considered as part of Uni-Solar's new fab site selection process.

GuhaUnisolar1.png
Uni-Solar's Guha has grid parity in his sights.


The rest of Guha's talk focused on amorphous silicon's place in the thin-film PV market, Uni-Solar's current a-Si and emerging nanocrystalline technologies, and the main target market for the company's 18-foot-long flexible laminates that represents 70% of its business: the building-integrated sector, and its many attractive feed-in tariffs.

With fiscal 2008 coming to an end June 30, he held to the midterm guidance of estimated growth of 119% for parent company Energy Conversion Devices compared to FY07; about $224 million of the nearly $249 million in corporate revenues comes from the Uni-Solar segment.

Fiscal 2009 should also surge in the 100% range, according to Guha, tying in with the thin-film sector's faster overall growth rate versus the silicon portion of planet PV. His optimistic forecast data showed thin film accounting for 4.9 GW in 2008, which represents 21.4% of the estimated total market in 2008. Amorphous silicon will be the largest piece, representing about 40% of that burgeoning TFPV share over the next three years, edging the cadmium-telluride segment by a few percentage points. The demand-driven expansion should result in a doubling in FY09 of the approximately 50 MW of Uni-Solar panels shipped the previous fiscal year, he said.

Uni-Solar's manufacturing lines consist of football-field-long, roll-to-roll production toolsets, processing triple-junction a-Si PV cells on six rolls of flexible stainless steel alloy, each about 2.5 km long, all going through in a single run of about 65 hours. Once the company pushes to its goal of hundreds of megawatts of installed capacity, the combined factory floors should provide a jaw-dropping showcase of high-volume R2R prowess.

If the technology roadmap continues apace, the next-generation high-efficiency nanocrystalline-silicon multijunction cells will supplant the a-Si devices in a few years, Suha believes. With conversion efficiencies in the lab reaching 15% or better, the nc-Si process should go to pilot stage soon.

Pushing deeper into the technical realm, he explained that "the best material is grown with hydrogen dilution of the active gas. As the hydrogen dilution increases, there is a transition from amorphous to nanocrystalline structure. The highest quality materials for both the nanocrystalline and amorphous stages are obtained near the edge of this transition," so tuning the a-Si below the edge and nc-Si above it will get the best results.

With their high absorption characteristics, lack of light-induced degradation, and compatibility with a-Si alloy deposition, the nano films appear to be "ideal for the bottom cell of a multijunction structure." Guha did admit in response to a question following his talk that maintaining material quality and uniform deposition over a large area with such stacks of nanoscale (200-angstrom thick) layers is challenging.

Like the rest of the PV community, Uni-Solar's goal is grid parity, something that Guha believes the company can attain by 2012. With a current kilowatt-hour price point of 21 cents, or $2.37 per manufactured watt, the company will strive to reduce its costs by one-third in each of the respective areas of materials; manufacturing throughput and yield; and conversion efficiencies, labor costs, and miscellaneous other expenses to reach 8-10 cents per kWh, or $1.10 per fabbed watt, according to the firm's chairman.

If all goes well, 2012 is shaping up as a momentous year for Uni-Solar, the long-awaited tipping point when its gigawatt-scale and grid-parity dreams come true.

[meinolf67]

01.07.2008 08:00
DGAP-Adhoc: Centrosolar Group AG (deutsch)

Centrosolar Group AG: CENTROSOLAR Group AG (News/Aktienkurs) geht langfristige Liefervereinbarung mit United Solar Ovonic zum Bezug von Dünnschicht-Solarzellen ein

Centrosolar Group AG / Vertrag/Sonstiges

01.07.2008

Veröffentlichung einer Ad-hoc-Mitteilung nach § 15 WpHG, übermittelt durch die DGAP - ein Unternehmen der EquityStory AG. Für den Inhalt der Mitteilung ist der Emittent verantwortlich.

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- Laufzeit ab sofort bis Ende 2011 - Einbau in innovative PV Systeme zur Gebäudeintegration ('BIPV') - Leichtgewichtige amorphe Silizium Laminate sind ideale Ergänzung zur kristallinen Solartechnik - Lieferant ist Marktführer UNI-SOLAR(TM)

München, den 1. Juli 2008. Die Centrosolar AG, 100%ige Tochter der CENTROSOLAR Group AG (ISIN: DE0005148506), München, hat ein 4-jähriges Lieferabkommen mit dem amerikanischen Weltmarktführer für Dünnschicht-Solarzellen, der United Solar Ovonic LLC (UNI-SOLAR), eine 100%ige Tochter der an der NASDAQ gelisteten Energy Conversion Devices Inc. (ISIN: US2926591098), abgeschlossen. Von 2008 an bis einschließlich 2011 wird CENTROSOLAR langfristig ausreichende Liefermengen des wichtigen Vorproduktes für die CENTROSOLAR eigene Dünnschicht-Solarmodulproduktion in Paderborn erhalten, um substantiell weiterzuwachsen. Damit bauen UNI-SOLAR und CENTROSOLAR (inkl. u.a. Biohaus) ihre langjährige Partnerschaft weiter aus.

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Informationen und Erläuterungen des Emittenten zu dieser Mitteilung:

Weitere Informationen des Emittenten Die UNI-SOLAR-Laminate bestehen nicht aus dem im Markt knappen Polysilizium. Der 'Roll to Roll'-Prozess und die Produktionsmaschinen sind geschützte Eigenentwicklungen. Die biegsamen Laminate, die in Kunststoff eingebettet sind, sind besonders haltbar und reduzieren das Risiko einer Beschädigung. Sie eignen sich ideal für die Gebäudeintegration und sind aufgrund ihres geringen Gewichtes konkurrenzlos auf Dächern, die das Gewicht herkömmlicher Glasmodule nicht tragen können. Darüber hinaus liefert die aSi Dünnschichttechnik bei Bewölkung bessere Erträge als kristalline Zellen. UNI-SOLAR zählt zu den ältesten Dünnschichtherstellern weltweit. Die Haltbarkeit der Produkte ist durch Langzeiterfahrung erwiesen.

Dünnschicht-Solarzellen sind, so wie die vorherrschenden kristallinen Silizium-Zellen, angesichts einer sprunghaft gestiegenen Weltnachfrage ein sehr knappes Vorprodukt für die Herstellung von Solarmodulen geworden. Die CENTROSOLAR Group AG verarbeitet in ihren eigenen Modulwerken in Doesburg/NL und Wismar/D kristalline Zellen zu konventionellen Solarmodulen und ihrem Werk in Paderborn zu Dünnschicht-Solardachziegeln und Solardachbahnen. Für CENTROSOLAR ist die Dünnschichttechnik, die aktuell knapp 10% der Umsätze im Segment 'Solar Integrated Systems' ausmacht, eine ideale Ergänzung der ansonsten auf die kristalline Solartechnik konzentrierten Module und Systeme. Mit den Produktlinien 'BIOSOL Solardachziegel', 'BIOSOL PV Membrane'; 'BIOSOL PV Plate' und 'BIOSOL XXL' ist die in die Centrosolar AG aufgegangene Firma Biohaus bereits seit einigen Jahren Marktführer im Bereich der gebäudeintegrierten Photovoltaik (BIPV). Gerade im Segment der gebäudeintegrierten Photovoltaik, bei dem die Solarmodule die bisherige Dacheindeckung komplett ersetzen, wird ein überproportionales Wachstum erwartet.

Mit der Liefervereinbarung mit UNI-SOLAR sichert sich CENTROSOLAR für die nächsten 4 Jahre die wichtigste Basis Ihres Bedarfs im Bereich der flexiblen Dünnschicht-Solartechnik ab.

CENTROSOLAR Group AG Die CENTROSOLAR Group AG (ISIN DE0005148506) ist in Europa mit knapp 500 Mitarbeitern und einem Jahresumsatz 2007 von 220 Mio. EUR (2008e: 310 Mio. EUR) einer der führenden Anbieter von Photovoltaik(PV)-Anlagen für Dächer sowie von Komponenten. Das Programm umfasst PV Komplettsysteme, Module sowie Befestigungssysteme und Solarglas. CENTROSOLAR verfügt über PV Modulproduktionswerke in Wismar/ Deutschland (2008e: 85 MWp und 2009e: 165 MWp) und Doesburg/Niederlande (2008e: 40 MWp) und ein Solarglaswerk in Fürth/Deutschland (2008e: 5 Mio. m2). Gemeinsam mit der Qimonda AG wird derzeit ein Solarzellenwerk in Porto/Portugal (2010e: 100 MWp) gebaut. CENTROSOLAR betreibt eigene Vertriebsbüros in Deutschland, Spanien, Frankreich, Italien, Griechenland, der Schweiz, den Niederlanden und in den USA. Über die Hälfte seines Umsatzes erzielt das Unternehmen im Ausland. Weitere Informationen unter: http://www.centrosolar.com.

United Solar Ovonic LLC United Solar Ovonic LLC, ein Tochterunternehmen der Energy Conversion Devices Inc. (NASDAQ: ENER) produziert und verkauft Dünnschicht-Solarlaminate, die das Sonnenlicht unter Verwendung von patentierter Technik in Strom umwandeln. Weltweit unter der Marke UNI-SOLAR(TM) vertrieben, eignen sich die Produkte des Unternehmens durch ihr niedriges Gewicht, ihre Haltbarkeit und Flexibilität hervorragend für kostengünstige Solardachlösungen und können direkt mit dem Baumaterial verarbeitet werden. Sie erzeugen mehr Strom unter Alltagsbedingungen. Weitere Informationen unter: http://www.uni-solar.com.

[meinolf67]

July 8 2008

UNI-SOLAR Laminates to Power World's Largest Rooftop Solar System for General Motors

Solar Power System to Produce 15 Million Kilowatt Hours of Renewable Energy Annually

ROCHESTER HILLS, Mich., July 8, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), announced today that its UNI-SOLAR(R) thin-film flexible solar laminates will power the world's largest rooftop solar power system. The 12-megawatt system is being installed on GM's assembly plant in Figueruelas, Zaragoza, Spain and will become operational in the fall of 2008. ECD will supply the solar laminates through its wholly owned subsidiary, United Solar Ovonic, LLC.

When fully operational, the photovoltaic system will have a peak capacity of 12 megawatts, producing as much as 15 million kilowatt hours of "green" energy annually, enough to power approximately 4,500 homes. The Zaragoza facility marks the third major use of UNI-SOLAR laminates by GM. UNI-SOLAR thin-film flexible solar laminates also power GM parts warehouses in Rancho Cucamonga and Fontana, California, two of the largest rooftop solar power installations in the United States.

"We are pleased that GM is again using United Solar as its solar provider, and that our UNI-SOLAR laminates are the product of choice for the world's largest rooftop solar system," said Mark Morelli, president and CEO of Energy Conversion Devices. "Our UNI-SOLAR laminates are an ideal match for rooftop systems like this one, and we are proud to be a part of this project."

"While there has been recent uncertainty about government incentives for solar energy in Europe, and specifically in Spain, we have had great success with our products throughout Europe, and this project expands our presence in Spain where we see excellent growth opportunities for our UNI-SOLAR laminates, especially in building integrated and commercial rooftop applications," added Mr. Morelli.

GM partnered with Veolia Environnement, a world leader in environmental services, Clairvoyant Energy S.L., the solar energy developer, and the Government of Aragon to develop the Zaragoza renewable energy project. GM will lease its roof space to Clairvoyant Energy and Veolia Environnement, who will build, own and operate the rooftop solar installation.

[meinolf67]

July 29 2008

Energy Conversion Devices Appoints Harry W. Zike Vice President and Chief Financial Officer


ROCHESTER HILLS, Mich., July 29, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), a leading global manufacturer of thin-film solar products, announced today it has appointed Harry W. Zike as Vice President and Chief Financial Officer effective September 1. Mr. Zike will replace Sanjeev Kumar who has decided to leave the company at the end of August to pursue other opportunities. As CFO, Mr. Zike will be responsible for all aspects of ECD's finance function, including accounting, financial planning and analysis, tax, treasury, audit, and information technology activities of ECD. He will report to Mark Morelli, ECD's President and Chief Executive Officer.

Prior to joining ECD, Mr. Zike served as Executive Vice President, Chief Financial Officer and Director with Siemens VDO Automotive Corporation where he headed the financial and business administration operations of the Americas region. Additionally, he was responsible for corporate governance, shared services, information technology/security, treasury and taxes, risk management, insurance, real estate and facilities, internal audit and procurement, and logistics.

While at Siemens Westinghouse Power Corporation, Mr. Zike was Vice President and Chief Financial Officer and Director. In this role, together with the executive management team, he integrated the acquisition of the approximate $1 billion fossil power generation business of Westinghouse into Siemens and managed a fourfold growth in revenue.

"We are pleased that Harry has made the decision to join the ECD leadership team. He brings broad-based financial and executive leadership experience that will be essential to our ongoing success as we continue to commercialize our technology and accelerate our growth in the rapidly expanding global solar industry," said Mr. Morelli. "With his background in fast growth environments, and with more than 30 years of progressive and international finance experience, Harry is an important addition as we rapidly grow to 1GW of capacity."

"We would also like to acknowledge and thank Sanjeev for his service and commitment to ECD during a period of enormous change and progress," added Mr. Morelli. "During his tenure, we turned the corner operationally and financially, reached profitability, completed a major capital raise, and delivered significant value to shareholders. We appreciate Sanjeev's contributions to ECD's growth and his assistance in transitioning Harry into his new role. We wish Sanjeev well in his future endeavors."

Mr. Morelli added, "We are seeing strong demand for our products in the marketplace and continue to experience positive momentum. We look forward to speaking to investors on our fourth quarter earnings conference call, scheduled for August 28, 2008."

[meinolf67]

UNI-SOLAR Approves Sputnik Engineering Inverters For Thin-Film Modules
in News Departments > Products & Technology
by SI Staff on Thursday 07 August 2008
email the content item print the content item

Solar module manufacturer UNI-SOLAR has approved Sputnik Engineering AG's SolarMax S transformerless inverters for use with its thin-film modules. All UNI-SOLAR modules - both branded and OEM products - can now be combined with SolarMax products without additional approval procedures.

"Transformerless inverters from Sputnik Engineering have been operating successfully with UNI-SOLAR's amorphous silicon modules since 2005," says Stefan Burri, Sputnik's head of technical sales support. "Their official approval offers clarity and safety."

Sputnik Engineering: 41 0323465600

SOURCE: Sputnik Engineering

[plus_ma]

Antwort auf Beitrag Nr.: 34.682.688 von meinolf67 am 08.08.08 13:12:34

+
Hallo meinolf,

Du scheinst mir hier bei WO ja zu den Solar-Kompetentesten zu gehören...

blöde Frage:

Welche US-Solar-Firma siehst Du am aussichtsreichsten positioniert?

Einzahl oder Mehrzahl.

Die hier gehören wohl sicher dazu, meine ich.

Aber wer fällt Dir spontan ein...ohne Gewähr versteht sich.

Grüße.

[meinolf67]

To view the recent news release titled, Energy Conversion Devices to Announce Fourth Quarter and Fiscal Year 2008 Results On Thursday, August 28, 2008 please visit:

http://investor.shareholder.com/ovonics/releaseDetail.cfm?Re…

See text copy below:

August 18 2008

Energy Conversion Devices to Announce Fourth Quarter and Fiscal Year 2008 Results On Thursday, August 28, 2008


ROCHESTER HILLS, Mich., Aug 18, 2008 (GlobeNewswire via COMTEX News Network) -- Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER) will report financial results for the fourth quarter and fiscal year ended June 30, 2008 on Thursday, August 28, 2008 before the market opens.

In conjunction with the release, ECD management will host a conference call on August 28 at 10:00 a.m. ET to review the financial results. To participate in the conference call, please dial 877-858-2512 or 706-634-6076 (international) at least 15 minutes prior to the start of the call. Callers will need to reference conference ID number 60981223.

The conference call will be webcast live over the Internet and can be accessed in the Investor Relations - Conference Calls - section of the company's website at www.ovonic.com.

An audio replay of the call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until 11:59 p.m. September 1, 2008 and may be accessed by dialing [phone] or [phone] (international) and entering conference ID number 60981223. The webcast will be archived on the Company's website.

[meinolf67]

Antwort auf Beitrag Nr.: 34.703.832 von plus_ma am 11.08.08 21:43:44

Das Problem der ausfürhlichen Beschäftigung mit dem Sektor ist, daß es dann keine einfachen Antworten mehr gibt.

Für operativ sehr stark halte ich FSLR, SPWR, die sind beide sehr teuer. Ebenfalls gut 5N Plus (CDN)

ENER hier ist interessant, weil letztlich eine turn-around story, von der man noch nicht so genau weiß, wie gut sie werden kann.

ESLR, Day4 (CDN), TIM (CDN) haben große Potentiale, deren unsichere Erreichung bisher zu noch nicht so starken Kurssteigerungen geführt hat.

Auf der Dünnschichtseite sind ASTI und DSTI börsennotiert, aber bisher sind das reine Wetten

[steven_trader]

Antwort auf Beitrag Nr.: 34.774.273 von meinolf67 am 20.08.08 11:00:55

Das Problem der ausfürhlichen Beschäftigung mit dem Sektor ist, daß es dann keine einfachen Antworten mehr gibt

das glaube ich sofort, geschenkt gibt es eben nicht viel an der börse. was fundamental gut aussieht ist teuer, was vom geschäftsmodell schlecht aussieht, ist billig.
deswegen habe ich mir als einziges fundamentalkriterium für meine aktienauswahl ausgesucht, dass die firma in den letzten vier quartalen insgesamt profitabel war.
genau das ist aber der punkt bei ener. wie ich sehe steht da wohl noch ein verlust unter dem strich.
jetzt mal meine frage: wann kommen denn die nächsten quartalszahlen bei ener und wie sind die schätzungen?

[meinolf67]

Antwort auf Beitrag Nr.: 34.871.688 von steven_trader am 26.08.08 22:44:12

Q4 kommt übermorgen und ich rechne mit einer Verbesserung gegenüber Q3; da waren es etwa $ 7.000.000 Gewinn

[steven_trader]

Antwort auf Beitrag Nr.: 34.871.725 von meinolf67 am 26.08.08 22:47:35

Q4 kommt übermorgen und ich rechne mit einer Verbesserung gegenüber Q3

entscheident für den kursverlauf übermorgen wird sein, ob die schätzungen übertroffen werden und wie der ausblick ausfallen wird.
ener wird im falle einer positiven aufnahme der quartalszahlen ein heißer kandidat für mich sein.

[meinolf67]

August 28 2008

Energy Conversion Devices Reports Net Income of $0.24 Per Share on Revenues of $82 Million for Fourth Quarter of Fiscal 2008

- Operating Profitability Achieved in Second Half, Solar Gross Margin Sustained at 30+ Percent
- World's Largest 12MW Solar Rooftop Installation Confirms Leadership in BIPV/Rooftop Market
- Sales Pipeline Grows 50% to $1.8 Billion

ROCHESTER HILLS, Mich., Aug 28, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced financial results for the fourth quarter and fiscal year ended June 30, 2008.

Total consolidated revenues for the quarter were $82.4 million, up 18 percent from third quarter revenues of $70.0 million, and 129 percent higher than fourth quarter fiscal 2007 revenues of $36.0 million. Solar product sales were $77 million, a 19 percent sequential increase and a 161 percent increase over the prior-year quarter.

Net income for the fourth quarter was $9.9 million, or $0.24 per share, compared to net income of $7.0 million, or $0.17 per share, in the third quarter of fiscal 2008, and a net loss of $13.1 million, or $0.33 per share, in the year-ago period.

Gross margin on product sales in the solar business was 33.5 percent in the fourth quarter, compared with 30.7 percent in the third quarter. United Solar Ovonic produced 26.2 MWs in the fourth quarter and 73.6 MWs for the fiscal year. As of June 30, 2008, the solar product sales pipeline was $1.8 billion, as compared to $1.2 billion at the end of the fiscal third quarter.

Mark Morelli, ECD's president and chief executive officer, said, "During fiscal 2008, we focused on operational excellence, and successfully built a strong foundation for sustained long-term growth. For example, fourth quarter solar gross margin improved to 33.5 percent compared with 15.8 percent last year. SG&A as a percent of revenue in the fourth quarter declined to 16.9 percent from 30.8 percent a year ago. As a result, we achieved profitability from operations for the second half of fiscal 2008."

Mr. Morelli added, "Fiscal 2008 marked a major transition in ECD's history, as the company generated positive operating cash flow of $28.5 million during the year, a significant improvement from the negative $21.8 million in fiscal 2007. We also completed an important capital raise that will allow us to fund our expansion to 1GW of capacity by the end of fiscal 2012. The selection of UNI-SOLAR to power the world's largest rooftop solar installation validates our continued success at selling UNI-SOLAR's differentiated value proposition into new and expanding markets and distribution channels in the rooftop and building-integrated PV markets. I am confident that our growth and momentum will continue into fiscal 2009 and beyond."

Fiscal Year Results

For fiscal 2008, total consolidated revenues were $255.9 million compared with $113.6 million for fiscal 2007, an increase of 125 percent. Solar product sales totaled $231.5 million in fiscal 2008, a 154 percent increase compared with $91.2 million last year. For fiscal 2008, the company reported net income of $3.9 million, or $0.10 per share, compared to a net loss of $25.2 million, or $0.64 per share in fiscal 2007.

The company's cash, cash equivalents, and short-term investments totaled approximately $500 million at the end of the fiscal year, reflecting the net proceeds of $405 million from the issuance of the company's convertible senior notes and common stock in June 2008. Common shares outstanding at June 30, 2008 were 45,575,554, however, as the company loaned 3,444,975 shares of its common stock to Credit Suisse International, pursuant to a share lending agreement, the shares used for the calculation of shares outstanding for the full year were 40,231,379 for basic and 41,137,849 for diluted shares.

First Quarter and Fiscal Year 2009 Guidance

Total consolidated revenues are expected to be between $95 and $98 million for the fiscal first quarter ending September 30, 2008, and between $455 and $485 million for fiscal 2009. Solar product sales for the first quarter are expected to be $89 to $91 million and $430 to $450 million for fiscal 2009. For the first quarter, gross margin is expected to be about 31 percent, and between 33 and 35 percent for the second half of the fiscal year. Restructuring costs are expected to be between $1.7 and $2.0 million for the first quarter and $2.5 to $3.0 million for fiscal 2009. Preproduction costs are expected to be between $1.5 and $1.9 million for the first quarter and between $7.0 and $9.0 million for fiscal 2009.

Conference Call / Webcast Details

Management of Energy Conversion Devices will review these financial results on a conference call on Thursday, August 28, 2008, at 10:00 a.m. ET. The dial-in number for the live audio call is 877-858-2512 or 706-634-6076 (international) with conference ID number 60981223. The conference call will be webcast live over the Internet and can be accessed in the Investor Relations -- Conference Calls -- section of the company's website at www.ovonic.com

An audio replay of the call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until 11:59 p.m., September 1, 2008, and can be accessed by dialing [phone] or [phone] (international), with conference ID number 60981223. The webcast will also be archived on the company's website.

About Energy Conversion Devices

Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER) is the leader in building integrated and commercial rooftop photovoltaics, one of the fastest growing segments of the solar power industry. The company manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR(R) brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. ECD also pioneers other alternative technologies, including a new type of nonvolatile digital memory technology that is significantly faster, less expensive, and ideal for use in a variety of applications including cell phones, digital cameras and personal computers. For more information, please visit www.ovonic.com

This release contains forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future net sales or performance, capital expenditures, financing needs, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Risks that could cause such results to differ include: our ability to achieve sustainable profitability; our ability to maintain our customer relationships; our ability to expand our manufacturing capacity in a timely and cost-effective manner; the worldwide demand for electricity and the market for solar energy; the supply and price of components and raw materials for our products; and the resolution of pending legal disputes. The risk factors identified in the ECD filings with the Securities and Exchange Commission, including the company's most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q, could impact any forward-looking statements contained in this release.


ENERGY CONVERSION DEVICES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)

Quarter Ended Year Ended
June 30, June 30,
2008 2007 2008 2007
Revenues
Product Sales $77,800 $31,284 $237,191 $96,014
Royalties 1,262 926 5,306 3,323
Revenue from Product Development
Agreements 2,950 3,184 11,440 11,934
Revenue from License Agreements 238 313 1,253 1,047
Other 138 302 671 1,249
Total Revenues 82,388 36,009 255,861 113,567
Expenses
Cost of Product Sales 51,966 27,119 174,075 81,241
Cost of Revenues from Product
Development Agreements 1,865 2,146 7,257 7,685
Product Development and Research
Expenses 2,207 4,220 9,905 19,745
Preproduction Costs 1,346 2,019 6,920 3,614
Selling, General and
Administrative (Net)
(Including Patents) 15,287(1) 11,422(2) 52,369(1) 38,399(2)
Restructuring Charges 1,940 5,385 9,396 5,385
Total Expenses 74,611 52,311 259,922 156,069
Income (Loss) from Operations 7,777 (16,302) (4,061) (42,502)
Other Income (Expense)
Interest Income 981 3,168 7,019 17,543
Other (99) (2) (165) (2)
Other Nonoperating Income
(Expense) 1,274 (9) 1,216 (270)
Total Other Income 2,156 3,157 8,070 17,271
Net Income (Loss) before Income
Taxes 9,933 (13,145) 4,009 (25,231)
Income Taxes 61 - 156 -
Net Income (Loss) $9,872 $(13,145) $3,853 $(25,231)
Basic Net Income (Loss) Per Share $.24 $(.33) $.10 $(.64)
Diluted Net Income (Loss) Per Share $.24 $(.33) $.09 $(.64)
Shares Used in Calculation of Net
Income(Loss) Per Share(3):
Basic 40,666 39,655 40,231 39,389
Diluted 41,525 39,655 41,138 39,389


(1) Includes net loss on disposal of property, plant and equipment of
$1,330 for the fourth quarter and $1,116 for the full year
(2) Includes net loss on disposal of property, plant and equipment of $318
for both periods
(3) Excludes for 2008 the effect of the 3.4 million shares loaned pursuant
to the share lending agreement.



Non-GAAP Financial Measures

To supplement its financial statements presented in accordance with
Generally Accepted Accounting Principles (GAAP) ECD uses the following
measures as defined by the Securities and Exchange Commission as non-GAAP
measures:

Quarter Ended Year Ended
June 30, June 30,
2008 2007 2008 2007
(In Thousands Except Per Share Data)
Net Income (Loss) $9,872 $(13,145) $3,853 $(25,231)
Add:
- Preproduction Costs 1,346 2,019 6,920 3,614
- Restructuring Charges 1,940 5,385 9,396 5,385
Net Income (Loss) as Adjusted
(Non-GAAP) $13,158 $(5,741) $20,169 $(16,232)
Net Income (Loss) (Basic) Per
Share as Reported $.24 $(.33) $.10 $(.64)
Net Income (Loss) (Diluted) Per
Share as Reported $.24 $(.33) $.09 $(.64)
Net Income (Loss) (Basic) Per
Share as Adjusted (Non-GAAP) $.32 $(.14) $.50 $(.41)
Net Income (Loss) (Diluted) Per
Share as Adjusted (Non-GAAP) $.32 $(.14) $.49 $(.41)



ENERGY CONVERSION DEVICES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In Thousands)

Year Ended June 30,
2008 2007
ASSETS
Cash and Cash Equivalents $484,492 $80,770
Short-Term Investments 14,989 125,004
Accounts Receivable (Net) 53,525 36,498
Inventories 31,337 38,692
Assets Held for Sale 1,539 1,524
Property, Plant and Equipment (Net) 404,119 311,369
Other 51,966 6,822
TOTAL ASSETS $1,041,967 $600,679
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts Payable and Other Current Liabilities $52,103 $42,940
Long-Term Liabilities 347,952 32,232
TOTAL LIABILITIES 400,055 75,172
STOCKHOLDERS' EQUITY 641,912 525,507
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $1,041,967 $600,679



ENERGY CONVERSION DEVICES, INC. AND SUBSIDIARIES
CONDENSED STATEMENTS OF CASH FLOWS
(In Thousands)

Year Ended June 30,
2008 2007
OPERATING ACTIVITIES:
Net (Income)Loss $3,853 $(25,231)
Adjustments to Reconcile Net Income(Loss)
to Net Cash Used In Operating Activities:
Depreciation and Amortization 21,917 12,170
Bad Debt 868 10
Amortization of Premium (Discount) on Investments 1 529
Allowance for Slow-Moving Inventory 2,920 1,348
Restructuring Charge 2,165 107
Stock and Stock Options Issued for Services
Rendered 2,010 1,763
Other 989 (1,123)
Changes in Working Capital (6,213) (11,387)
NET CASH PROVIDED BY (USED IN) OPERATING
ACTIVITIES 28,510 (21,814)
INVESTING ACTIVITIES:
Purchases of Property, Plant and Equipment
(Including Construction in Progress) (Net) (117,047) (186,988)
Proceeds from Sale of Investments 75,379 113,975
Payment to Ovonyx - (200)
NET CASH USED IN INVESTING ACTIVITIES (41,668) (73,213)
NET CASH PROVIDED BY FINANCING ACTIVITIES 417,247(1) 11,016
EFFECT OF EXCHANGE RATE CHANGES ON CASH
AND CASH EQUIVALENTS (368) (181)
NET CASH FLOW 403,721 (84,192)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 80,770 164,962
CASH AND CASH EQUIVALENTS AT END OF PERIOD $484,491 $80,770

(1) Primarily $405 million capital raise in June 2008.



ENERGY CONVERSION DEVICES, INC. AND SUBSIDIARIES
SEGMENT REVENUE AND OPERATING INCOME/(LOSS)
(In Thousands)

Quarter Ended June 30,
2008 2007 2008 2007
Revenues Income (Loss) from Operations
United Solar Ovonic $79,055 $31,468 $16,292 $(908)
Ovonic Materials(1) 3,226 4,372 260 (2,749)
Corporate Activities(2) 242 257 (8,833) (12,242)
Consolidating Entries (135) (88) 58 (403)
Consolidated $82,388 $36,009 $7,777 $(16,302)


Year Ended June 30,
2008 2007 2008 2007
Revenues Income (Loss) from Operations
United Solar Ovonic $239,398 $98,363 $31,644 $1,962
Ovonic Materials(1) 16,066 14,635 899 (13,706)
Corporate
Activities(2) 1,039 1,147 (36,816) (28,769)
Consolidating Entries (642) (578) 212 (1,989)
Consolidated $255,861 $113,567 $(4,061) $(42,502)


(1) Excludes discontinued operations.
(2) Revenues consist primarily of services, facilities and miscellaneous
administrative and laboratory and machine shop services provided to
certain affiliates; expense primarily includes corporate operations,
including facilities, human resources, legal, finance, information
technology, business development, purchasing and restructuring. The
loss from operations includes restructuring costs of $5.4 million in
fiscal 2007 for the first phase of the Company's restructuring plan
and $9.4 million in fiscal 2008.



Segment Operations - United Solar Ovonic
(In Thousands)

Three Months Ended Year Ended
June 30, June 30,
2008 2007 2008 2007
PV Product Sales $76,981 $29,467 $231,519 $91,182
Megawatts Produced 26.2 10.7 73.6 32.5
Megawatts Shipped 25.7 10.1 77.1 29.3
Cost of Product Sales $51,169 $24,798 $169,015 $75,096
Gross Margin $25,812 $4,669 $62,504 $16,086
Gross Margin % 33.5% 15.8% 27.0% 17.6%
Other Revenues:
Research and Development $2,074 $2,000 $7,879 $7,174
Other Operating Revenues - 1 - 7
Other Revenues Total 2,074 2,001 7,879 7,181
Total Revenues 79,055 31,468 239,398 98,363
Other Expenses:
Cost of Revenues from Product
Development Agreements 1,347 1,002 4,938 2,922
Product Development and
Research Expenses 927 864 3,650 3,737
Preproduction 1,346 2,019 6,920 3,614
Selling, General and
Administrative Expenses 7,974(1) 3,693(2) 23,231(1) 11,032(2)
Total Other Expenses 11,594 7,578 38,739 21,305
Income (Loss) from
Operations $16,292 $(908) $31,644 $1,962


(1) Includes net loss on disposal of property, plant and equipment of
$1,296 for both periods.
(2) Includes net loss on disposal of property, plant and equipment of $319
for both periods.



Segment Operations - Ovonic Materials
(In Thousands)

Three Months Ended Year Ended
June 30, June 30,
2008 2007 2008 2007
Product Sales $818 $1,816 $5,690 $4,832
Cost of Product Sales 855 1,992 5,374 4,666
Other Revenues:
Royalties 1,262 926 5,306 3,323
Research and Development 876 1,184 3,560 4,780
Licenses 238 313 1,253 1,047
Other Operating Revenues 32 133 257 653
Other Revenues Total 2,408 2,556 10,376 9,803
Total Revenues 3,226 4,372 16,066 14,635
Other Expenses:
Cost of Revenues from Product
Development Agreements 518 1,144 2,318 4,783
Product Development and
Research Expenses 1,280 3,357 6,256 16,007
Operating, General and
Administrative Expenses 313 628 1,219 2,885
Total Other Expenses 2,111 5,129 9,793 23,675
Income (Loss) from
Operations $260 $(2,749) $899 $(13,706)



Segment Operations - Corporate Activities
(In Thousands)

Three Months Ended Year Ended
June 30, June 30,
2008 2007 2008 2007
Other Operating Revenues $242 $257 $1,039 $1,147
Other Expenses:
Restructuring 1,939 5,385 9,396 5,385
Operating, General and
Administrative Expenses 7,136 7,114 28,459 24,531
Total Expenses 9,075 12,499 37,855 29,916
Loss from Operations $(8,833) $(12,242) $(36,816) $(28,769)



SOURCE Energy Conversion Devices, Inc.

[insanetrader]

Und die Aktien fallen 5% nach guten Quartalszahlen. Eindeutig, dass die Aktie vorher überhitzt war. Was bitteschön hat der Durchschnittsinvestor denn erwartet? Auch egal, mittelfristig sehe ich ENER eindeutig steigend; bin bei 20 EUR eingestiegen - und habe den SL auf 45 EUR gesetzt.

[meinolf67]

Aug. 20, 2008

Ovonic Battery Company Licenses Nickel Metal Hydride Battery Technology to Unitech Battery of People's Republic of China

Rochester Hills, Mich., Aug. 20, 2008 - Energy Conversion Devices, Inc. (ECD Ovonics) (NASDAQ:ENER) announced today that its subsidiary, Ovonic Battery Company, Inc., has entered into a patent license agreement in connection with its proprietary nickel metal hydride (NiMH) battery technology with Unitech Battery Ltd. (Unitech) of the People's Republic of China. Under the consumer battery license grant, Unitech has a royalty-bearing, nonexclusive right to make, use and sell NiMH batteries manufactured in China for consumer applications. All propulsion applications are excluded.

Michael Fetcenko, Vice President of ECD's Ovonic Materials Division and President of Ovonic Battery Company said, "We welcome Unitech as a licensee of Ovonic nickel-metal hydride battery technology. The production of consumer NiMH batteries within China continues to grow and we are pleased Unitech has become an authorized NiMH supplier. We look forward to ongoing collaboration."

About Energy Conversion Devices
Energy Conversion Devices, Inc. (NASDAQ: ENER) manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. Distributed globally under the UNI-SOLAR® brand, the company's products are ideally suited for cost-effective solar roofing solutions because they are lightweight, durable, flexible, can be integrated directly with building materials, and generate more energy in real-world conditions. ECD also pioneers other alternative technologies, including a new type of non-volatile digital memory that is significantly faster and less expensive, and is ideal for a variety of applications including cell phones, digital cameras and personal computers. For more information, visit www.ovonic.com.

About Unitech Battery Ltd.
Unitech is a professional manufacturer which focuses on rechargeable batteries and chargers integrated with researching and developing, producing and marketing. It was founded in September 2001 in Shenzhen, China. It manufacturers NiMH, NiCd, Li-ion, Li-Polymer serial rechargeable batteries and chargers. For more information, Unitech's website is www.unitechbatt.com.

[meinolf67]

August 28, 2008, 12:24 pm
Update: ENER Now Trading Lower; Margin Concerns?
Posted by Eric Savitz

Energy Conversion Devices (ENER) shares, which had been trading sharply higher earlier this morning after the company’s fiscal Q4 results topped Street expectations, have reversed course and are now trading down for the day. So what happened?

Several analysts have weighed in on the numbers this morning; the big issue appears to be concerns about the company’s gross margin guidance for the fiscal first quarter.

Cowen’s Robert Stone, who has an Outperform rating on the stock, writes in a brief note that he is surprised that the stock is not trading higher, and theorizes it may be due to the company’s forecast that gross margins will drop to 31% in Q1, from 33.5% in Q4. But Stone says the 31% forecast is consistent with prior guidance.

Standard & Poor’s analyst Angel Zino today repeated his Hold rating on the stock, and chopped his fiscal 2009 EPS estimate by 29 cents to $2.57, citing higher facility ramp costs. (I’d note that his numbers do not appear to synch with the Street, which has a consensus estimate of $1.51; I suspect he is using a non-GAAP number, while the Street is using GAAP results.) Zino thinks the company will significantly reduce its cost per watt this year, but says he is “wary of its exposure in the U.S.” due to the lack of a federal tax credit extension past this year.

Lehman’s Vishal Shah observes in a note that while results were better than expected, guidance “may appear uninspiring to near-term momentum investors looking for a significant raise.” Shah notes that the 31% gross margin estimate for Q1 compares to his estimate of 33.1% and a Street consensus of 31.5%.

ENER, which earlier today traded as high as $82.75, is now down $3.15, or 4%, to $75.19.

[steven_trader]

na da würde ich doch mal sagen, wenn es nächste woche über ath geht, bin ich dabei.
hoffentlich wird es diesmal mal was. dieses jahr war für trendfolger wie mich alles andere als einfach.

[meinolf67]

ENER Still a Speculative Buy
Tuesday September 2, 10:05 am ET
By Jon Kolb

We remain optimistic about Energy Conversion Devices, Inc.'s (NasdaqGS: ENER - News) long-term potential success in the high growth alternative energy industry, given increased activity in solar power projects. Looking forward, the story will continue with geographically diversified sales pipeline touching $1.8 billion, intended expansion to 1GW by 2012, reducing cost per watt, committed supply agreements and falling material cost through expansion of supplier base.

Nevertheless, we note the stock's high volatility, pending sale of its Cobasys joint venture, higher pre-production costs, and a history of EPS losses till Q2'08, without meaningful valuation metrics, collectively show potential for moderate-to-high returns yet with high risk. Accordingly, we maintain a speculative Buy recommendation on ENER common stock with a six-month target price of $85, representing an 11% upside potential.

Looking ahead through the company's current fiscal year 2009, ENER is expected to maintain its bottomline profitability achieved in the last two quarters. Media reports suggest General Motors Corp. (NYSE: GM - News) is close to acquiring ENER's proprietary nickel metal hydride (NiMH) battery system solutions JV, Cobasys. The company has also entered into a patent license agreement in connection with its proprietary NiMH battery technology with Shenzhen Grepow Battery Co., Ltd. of China.

Additionally, in the second quarter of fiscal 2008, the company entered into an agreement to supply UNI-SOLAR laminates, which includes a 21.15 MW multiple-year supply agreement with Enfinity Management, a 17 MW supply agreement with SunEdison, and several sales agreements in South Korea including a take-or-pay commitment from AirTec for 25 MW in 2008 and 2009.

[meinolf67]

September 2 2008

Energy Conversion Devices Appoints Alan E. Barton as Independent Director


ROCHESTER HILLS, Mich., Sept 02, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced the appointment of Dr. Alan E. Barton to its Board of Directors, effective September 1, 2008. Dr. Barton is presently an Executive Vice President at Rohm and Haas.

"I am very excited about joining the Board of such a dynamic and fast growing company," said Dr. Alan Barton. "ECD has a tremendous reputation in the critically important solar market and has truly differentiated products based on outstanding technology. I am honored to become a member of the ECD team at such an important time for the company."

Mark Morelli, ECD's president and chief executive officer noted, "Alan brings extensive international strategic and operational expertise to ECD, and we are very fortunate to have Alan as one of our Board members. Alan's 24 year career in the chemical industry - a key element of our supply chain - will be of tremendous benefit to the company as we continue our rapid growth, and expand our leadership in the rooftop and building-integrated PV markets."

Dr. Barton joined Rohm and Haas in 1984 as a senior research scientist in the Agricultural Chemicals business. His 24-year career at the company includes experience in the areas of scientific research, product development, business development, sales and business management. Dr. Barton has extensive management experience in Europe as well as North America. He was elected a vice president of Rohm and Haas in 1999, and named to the Executive Council in 2001. Dr. Barton also oversaw the company operations in Asia-Pacific as regional director from 2004 to 2005. Dr. Barton holds a B.A. degree in Chemistry from Oxford University in the United Kingdom (1978), and a Ph.D. in Organic Chemistry from Harvard University (1984).

[meinolf67]

Energy Conversion Devices: Ridiculously High Valuation
by: Jon Jacksonn posted on: September 03, 2008 | about stocks: ENER / FSLR


Energy Conversion Devices: Ridiculously High Valuation

A comparison of stocks in the solar space shocked me today with some stocks trading at risky high valuations. The following ones are on the top of the list:

1. Energy Conversion Devices (ENER): based on data from etrade financial, the 2008 earning per share is estimated at $0.09 and 2009 is at $1.3. ENER closing price on Friday 8/29 was at $75.17. So PE is 833 and forward PE is 57. I have never seen such a high PE, even in the dot-com bubble era.

2. First solar (FSLR): the 2008 earning per share is estimated at $3.72, and 2009's earning are estimated at $6.9. Based on its closing price on Friday 8/29 of $276.65, its PE is at 74 and forward PE is 40.

If you are an investor interested in the renewable energy sector, ask yourself if these valuations are sustainable, especially with the oil bubble bursting.

In the last quarter, ENER put up good numbers, but its profit margin is starting to be squeezed and likely will continue to deteriorate going forward. With its stock price at such high levels, it is fast becoming a short target for many hedge funds.

[meinolf67]

October 2, 2008

ENERGY CONVERSION DEVICES ACCELERATES EXPANSION PLANS, ANNOUNCES OTHER STRATEGIC INITIATIVES AT ITS 2008 INVESTOR DAY




Greenville, Mich., Oct. 2, 2008 - Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today discussed several new strategic initiatives with analysts at its first company-sponsored Investor Day.

Mark Morelli, president and CEO noted, "We are in the final stages of site selection for a new 120 MW solar-cell manufacturing facility. We are also pleased to announce that we are accelerating the growth of our nameplate capacity to 420 MWs in fiscal year 2010 and to 720 MWs in fiscal 2011. The accelerated expansion in capacity will help us meet the growing global demand for our thin-film, flexible solar laminates earlier than we had previously forecast."

The company had previously planned to be at 300MW and 600MW of nameplate capacity in fiscal year 2010 and 2011, respectively. The acceleration of production capacity is being made possible by systems engineering and commitments to operational excellence including better supply chain management and improved efficiencies, throughput and yields. These expansions are expected to be funded by cash on hand and future operating cash flow. The company reiterated its commitment to have 1 GW of nameplate capability in place by fiscal 2012.

ECD also discussed a joint development agreement with CertainTeed that was announced earlier in the day. The company said that it will focus on the creation of next-generation solar residential roofing material incorporating UNI-SOLAR photovoltaic cells with CertainTeed roofing materials. The products are expected to be commercially available beginning in 2010.

Mr. Morelli, added, "We are pleased to announce this major initiative with a leader in the building industry in North America. By working with CertainTeed, we are expanding our presence into a distinct new market for ECD: the building-integrated residential market in the U.S."

Senior management outlined global sales initiatives that focused on customer-centric programs in support, application, and training. The company also shared third-party research conducted over several years verifying that UNI-SOLAR® laminates generate more electricity per rated watt in real-world locations from California to Italy. Higher electricity output combined with the lower installed costs have been confirmed to result in UNI-SOLAR laminate customers receiving a higher return on their investment than conventional PV panels.

Mr. Morelli concluded the meeting by noting, "We are well-positioned to expand the global BIPV rooftop market with our innovative, thin-film, light-weight, flexible laminate. We have assembled a world class team excited about the opportunities to improve our production efficiencies and meet the needs of our global customers."

About Energy Conversion Devices

Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER) is the leader in building integrated and commercial rooftop photovoltaics, one of the fastest growing segments of the solar power industry. The company manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR® brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. ECD also pioneers other alternative technologies, including a new type of nonvolatile digital memory technology that is significantly faster, less expensive, and ideal for use in a variety of applications including cell phones, digital cameras and personal computers. For more information, please visit www.ovonic.com.

This release contains forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future net sales or performance, capital expenditures, financing needs, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Risks that could cause such results to differ include: our ability to achieve sustainable profitability; our ability to maintain our customer relationships; our ability to expand our manufacturing capacity in a timely and cost-effective manner; the worldwide demand for electricity and the market for solar energy; the supply and price of components and raw materials for our products; and the resolution of pending legal disputes. The risk factors identified in the ECD filings with the Securities and Exchange Commission, including the company's most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q, could impact any forward-looking statements contained in this release.

Contact:
Mark Trinske, Vice President
Investor Relations & Communications
[phone]

[insanetrader]

So langsam kann man ENER wieder genauer beobachten. Bin bei 63$ raus und denke, dass sie bei um 30$ einen Kauf wert ist. Ist natürlich reine Spekulation aber langfristig (also >3j) sollten die aktuellen Kurse wohl wieder überboten werden. Ist ja schon einiges an Überbewertung abgebaut worden...

[tonycat]

Antwort auf Beitrag Nr.: 35.509.995 von insanetrader am 10.10.08 08:43:58

Überbewertung würde ich nicht sagen, nur zu früh hohe Bewertung! Der Markt reagiert momentan sehr schnell, also je nach dem wieviele Banken in den USA noch Pleitemachen geht es danach sicherlich wieder ordentlich aufwärts, einziges kleines Manko (für die kurzfristig denkenden und handelnen Personen): stark gesunkender Ölpreis (und als Folge davon Gas und Kohle), läßt die fossilen Ungeheuer wieder Oberwasser gewinnen, also mein Szenario: irgendwann in 2009 oder 2010 neue Ölpreissschocks (über 150 Dollar), dann ECD bei ca. 50-100 US-Dollar (je nach Schnelligkeit der Expansion) und Nachhaltigkeit der Umstellung der AMI-Energieversorgung von Import und Kohle auf 100% EE (Bush Öl muß weg, Obama gewinnt, Minimum 20% plus für First Solar, ECD und weitere...).

[SLGramann]

Antwort auf Beitrag Nr.: 35.509.995 von insanetrader am 10.10.08 08:43:58

Ich habe heute zur NASDAQ-Eröffnung bei knapp unter 40 Dollar ENER gekauft, musste dafür aber meine Trina und Canadian zu grottigen Kursen geben. Ich habe es trotzdem als gute Chance gesehen, mich nun endlich an diesem hochinteressanten Unternehmen zu beteiligen, das mir vor allem auch deshalb gefällt, weil sie etwas sehr eigenständiges und gleichzeitig sehr interessantes haben! Ich hoffe allerdings, dass sie ihre Prozesskosten pro Watt schneller runter bekommen, als bisher offiziell geplant. 2 Dollar / Watt finde ich recht viel für TF und 1 Dollar in 2012 auch noch nicht ganz überzeugend. Na schauen wir mal.

[meinolf67]

Uni-Solar to build fifth thin-film PV plant in Michigan, report says
14 October 2008 | Fab and Facilities: News


United Solar Ovonic (Uni-Solar) has decided on Battle Creek, MI, for the site of its next manufacturing facility, according to a news story in the Oakland (MI) Business Review. The Energy Conversion Devices' subsidiary will begin construction on the $220 million, 120-MW facility within weeks of the expected approval Tuesday of a long-term state tax incentive package.

Once the fab reaches its full production capacity in the second half of 2010, it would employ 350 workers and become the amorphous-silicon thin-film PV company's fifth production facility in Michigan. The news story says that the "deal also gives the company the option to build an identical twin version" of the 270,000 square-foot factory at the site. The company's new production schedule has it establishing new manufacturing facilities every six months through fiscal 2012, spokesman Mark Trinske told the paper.
The company had said earlier this month that it was close to selecting the latest manufacturing site. The company also looked at sites in Malaysia and New York state, according to the Review.

The existing infrastructure and ability to begin construction immediately was one of the key selling points for the site, Trinske said.

"What we were trying to do is move to different locations so that we kind of spread out our risks for something like a power outage," he said. "We also wanted an area that had access to an educated, quality workforce, and this has it."

The company has said it plans to reach an overall production capacity of 1020 megawatts by 2012.

[meinolf67]

Energy Conversion Devices Selects Battle Creek Site for its Next 120-Megawatt Solar Cell Manufacturing Plant
When Complete, Battle Creek Will Increase ECD's Total Nameplate Capacity to 420MW

Rochester Hills, Mich., Oct. 14, 2008 - Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced Battle Creek, Mich., as the location for its new 120MW solar cell manufacturing facility. The company expects to begin construction on the 265,000 square-foot facility this fall and to be in production by the end of 2009. Energy Conversion Devices also has the option to build a second 120MW facility at the Battle Creek site with the same specifications.

Mark Morelli, ECD's president and chief executive officer, said, "We continue to profitably grow our business, and there is a strong demand worldwide for our solar products. To meet this demand, we are expanding our capacity to 1GW by the end of fiscal year 2012. After careful analysis of a number of potential sites we have chosen Battle Creek for this new 120MW plant as we continue to select sites that offer access to qualified workforces and the ability to quickly begin construction and ramp production. We plan to produce solar cells in Battle Creek, which will then be finished into solar laminates or integrated into BIPV products at other locations around the world."

"We look forward to becoming a part of the Battle Creek community, and we expect to create 350 local jobs within the next three years. I'd like to thank Calhoun County, the City of Battle Creek and the Michigan Economic Development Corporation for their help during the selection process and their ongoing support. The economic incentives offered by State, County and Battle Creek governments, and the support and assistance of the Michigan Economic Development Corporation (MEDC) were key elements in our decision to choose Battle Creek, without which we would not have been able to expand in this community," added Morelli.

The MEDC has offered Michigan Business Tax credits valued at $41.4 million over 20 years to win the company's business. A $12.6 million federal Community Development Block Grant approved by the MEDC and awarded to Calhoun County will fund infrastructure improvements needed to support the new plant. The MEDC and city have supported a 15-year, tax-free Renaissance Zone and property tax abatements for the site, worth an additional $67million to the company. With additional funding for training assistance, the state and local incentive package totals approximately $120 million for the Battle Creek expansion.

[SLGramann]

So, die Zahlen zum Q1/2009 sind da (dämlich verschobenes GJ!). Ich finde sie überzeugend. Insbesondere ist die Rohertragsmarge (aktuell 33,5% bei Solar) nicht unter Druck gekommen, obwohl man das wegen des retrofits von Auburn Hills 1 erwartet hatte. Sie scheinen die Technik wirklich gut im Griff zu haben. Herstellungskosten (operativ) sind nach meiner Rechnung von 2,03 Dollar / Watt auf 1,97 Dollar / Watt gefallen und hätten ohne retrofit wohl noch niedriger gelegen. Trotzdem für TF ne ganze Menge. Das wirft die Frage auf, ob die ganzen AMAT-Linien usw., die erst mal mit 25 oder 50 MW anfangen wollen, wirklich gleich alle so super billig produzieren werden.

Verkaufspreis der Module lag übrigens bei 3,04 Dollar / Watt. Das wird in 2009 spannend zu beobachte sein, ob und wie sehr hier die Preise unter Druck kommen.

Zum Auftragsbestand habe ich allerdings noch nichts gelesen. Etwas merkwürdig...

Meinolf, hast Du Gelegenheit, den CC mitzuhören?

[meinolf67]

November 10, 2008

Energy Conversion Devices Doubles Revenues in First Quarter of Fiscal 2009

* Solar Gross Margin Exceeds 33% due to Continued Focus on Operational Excellence
* Strong Balance Sheet with $478 Million in Cash, Cash Equivalents and Short-Term Investments

Rochester Hills, Mich., Nov. 10, 2008 - Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced financial results for the quarter ended September 30, 2008.

Total consolidated revenues for the quarter were $95.8 million, an increase of 16 percent over the $82.4 million in revenues from the fourth quarter of fiscal 2008, and 104 percent higher than revenues of $47.0 million in the first quarter of fiscal 2008. Solar product sales were $89.5 million, a 16 percent sequential increase and a 124 percent increase over the prior-year quarter. The average selling price for solar laminates during the quarter was $3.04.

Net income for the first quarter was $12.7 million, or $0.29 per fully diluted share, compared to net income of $9.9 million, or $0.24 per fully diluted share, in the fourth quarter of fiscal 2008, and a net loss of $7.6 million, or $0.19 per fully diluted share, in the year-ago period. The company reported net operating cash flow of $26.5 million for the first quarter, versus a use of cash of $14.8 million during the first quarter of fiscal 2008.

First quarter net income and per-share figures include preproduction costs of $2.0 million or $0.05 per fully diluted share, restructuring costs of $0.2 million, or less than one cent per fully diluted share. The company also recorded an "other-than-temporary impairment of investment" of approximately $1.0 million, or $0.02 per fully diluted share, to reflect the decreased market value of a floating rate note issued by Lehman Brothers.

Gross margin in the first quarter on solar product sales was 33.4 percent, and total gross margin was 34.1 percent. United Solar Ovonic produced 30.8 MWs and shipped 29.5 MWs of solar laminates in the first quarter.

Mark Morelli, ECD's president and chief executive officer, said, "Fiscal 2009 is off to a strong start and demand continues for UNI-SOLAR products from our target markets in Europe, Asia and the US. We recognize that there are new challenges in the present environment, and we are actively managing our business model accordingly. For example, our ongoing commitment to operational excellence enabled us to complete the retrofit of our Auburn Hills 1 facility quickly, while simultaneously ramping a new production line in Greenville ahead of schedule. These improvements elevated our productivity during the quarter and contributed to stronger than anticipated gross margins."

Harry Zike, ECD's vice president and chief financial officer, commented, "Our strong balance sheet and fully funded growth plan differentiates us in today's market. With a strong cash position, positive operating cash flow, and an increasing earnings stream, we have the resources to fund demand-driven growth."

Guidance for Second Quarter and Fiscal Year

For the fiscal second quarter ending December 31, 2008:

* Consolidated revenues are expected to be $100 - $108 million.
* Solar product sales are expected to be $95 - $103 million.
* Gross margin on solar product sales is expected to be approximately 33 percent and total gross margin is expected to be approximately 34 percent.
* Pre-production costs are expected to be $2.0 - $2.5 million.
* Restructuring costs are expected to be $1.0 - $1.4 million.

For the full 2009 fiscal year ending June 30, 2009:

* Total consolidated revenues are expected to be $455 - $485 million.
* Solar product sales are expected to be $430 - $450 million.
* Gross margin on solar product sales is expected to be approximately 34 percent, and total gross margin is expected to be approximately 35 percent.
* Pre-production costs are expected to be $7.0 - $9.0 million.
* Restructuring will be completed in the second quarter and costs are expected to be $1.2 - $1.6 million. This is a reduction of $1.3 - $1.4 million compared to previous guidance.

"Looking ahead, we believe that our proven value proposition, strong balance sheet, focus on operational excellence and sustained profitable growth will continue to set us apart from the competition. We have the right strategy, which is to target countries with the highest feed-in tariffs for rooftop and building-integrated solar photovoltaic installations. Our opportunity in the U.S. is even greater now that the federal ITC has been extended. We continue to implement meaningful operational improvements which lower our costs and help us meet the continued demand for our products. In these uncertain times, our customers and partners place even greater value on ECD's financial strength and operational stability," concluded Morelli.

Conference Call / Webcast Details

Management of Energy Conversion Devices will review these financial results on a conference call on Monday, November 10, 2008, at 10:00 a.m. ET. The dial-in number for the live audio call is 877-858-2512 or 706-634-6076 (international) with conference ID number 71196238. The conference call will be webcast live over the Internet and can be accessed in the Investor Relations - Conference Calls - section of the company's website at http://www.ovonic.com

An audio replay of the call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until 11:59 p.m., November 12, 2008, and can be accessed by dialing 800-642-1687 or 706-645-9291 (international), with conference ID number 71196238. The webcast will also be archived on the company's website.

About Energy Conversion Devices

Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER) is the leader in building integrated and commercial rooftop photovoltaics, one of the fastest growing segments of the solar power industry. The company manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR® brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. ECD also pioneers other alternative technologies, including a new type of nonvolatile digital memory technology that is significantly faster, less expensive, and ideal for use in a variety of applications including cell phones, digital cameras and personal computers. For more information, please visit www.ovonic.com.

This release contains forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future net sales or performance, capital expenditures, financing needs, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Risks that could cause such results to differ include: our ability to achieve sustainable profitability; our ability to maintain our customer relationships; our ability to expand our manufacturing capacity in a timely and cost-effective manner; the worldwide demand for electricity and the market for solar energy; the supply and price of components and raw materials for our products; and the resolution of pending legal disputes. The risk factors identified in the ECD filings with the Securities and Exchange Commission, including the company's most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q, could impact any forward-looking statements contained in this release.

Contact:
Mark Trinske
Vice President
Investor Relations & Communications
[phone]

[meinolf67]

November 10, 2008

Energy Conversion Devices Announces Multi-Year Supply Agreement with Marcegaglia

Rochester Hills, Mich., Nov. 10, 2008 - Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), the leading global manufacturer of thin-film flexible solar laminates, and Marcegaglia S.p.A., a leading Italian steel manufacturing company, today announced a combined multi-year supply agreement for UNI-SOLAR® cells.

Under the agreement, ECD's subsidiary, United Solar Ovonic (USO), will supply Marcegaglia with individual photovoltaic (PV) cells for use in integrated commercial roofing products that Marcegaglia is developing based on its industry-leading metal roofing products. Marcegaglia expects to introduce the solar-integrated metal roofing products to the market in 2010.

Mark Morelli, ECD's president and chief executive officer said, "Marcegaglia currently purchases complete solar laminates from USO for incorporation into its existing metal roofing products. With this agreement, we are extending our relationship with Marcegaglia to create a new building integrated product for the Italian and European markets. The agreement enables Marcegaglia to optimize the integration of our PV cells into their roofing material and situates us closer to our end market."

"Individual UNI-SOLAR cells can be easily integrated into Marcegaglia's corrugated insulated panel without any additional dimensional rework. The goal is to drive costs down and create innovative new products at the same time," said Marcegaglia's President and CEO, Antonio Marcegaglia. "We have obtained very positive feedback from our customers on the UNI-SOLAR product and through this agreement we will jointly deliver a new customer experience," he added.

[SLGramann]

Antwort auf Beitrag Nr.: 35.904.589 von SLGramann am 10.11.08 17:27:08

Auf SeekingAlpha gibts ein Transscript des CC. Einige Punkte, die mir wichtig erscheinen:

- ENER bezeichnet sich selbst als durchfinanziert, das heißt, dass man für die laufende Expansionsplanung bis 2012 vom Finanzmarkt unabhängig ist

- Es gibt Stornierungen von Aufträgen aufgrund der Kreditkrise, dennoch ist der Auftragsbestand gewachsen, weil die Neuaufträge die Auslieferungen und Stornierungen noch immer signifikant übersteigen.

Die Zahlen sind aktuell: Auftragsbestand 2 Mrd. (von 1,8 Mrd), davon "take or pay" 1,6 Mrd (zuletzt 1,4 Mrd.)

- ASPs sieht ENER für ihr Produkt in 2009 flach oder leicht fallend, jedenfalls kein Einbruch vom jetzigen Niveau (3,04 Dollar / Watt)

Anmerkung: Die Kombination aus dem weiterhin extrem starken Orderbacklog und den stabilen ASPs ist absolut bemerkenswert!

- Es gibt hinsichtlich der Jahresprognose weiteres upside-Potential, weil ramp up und Durchsatz der Anlagen besser als prognostiziert sind.

Anmerkung: ENER lag in diesem Quartal aufgrund des hohen Durchsatzes der Linien mit der Produktion offenbar erstmals über der offiziellen Nominalkapazität und zwar mit 4% (wenn ich das richtig verstanden habe...)

- Derzeitige Moduleffizienz im Schnitt ca. 8,5% mit Ziel 10% in 2012

- Fast die Hälfte des Geschäfts wird mit "building material distributors and OEMs" abgewickelt. (m.E. ein wichtiger Punkt, der für Stabilität im Geschäft sorgt)

- Die Kostenvorteile bei den BOS beziffert ENER auf 10 bis 20%. Wenn man das gegen den ASP rechnet, kosten ENER-Module aus Anwendersicht eigentlich nur ca. 2,85 Dollar oder so (bei üblichen BOS-Kosten von 1 Dollar / Watt)


Mein Fazit: Bisher - trotz sehr schwieriger Umstände - alles im grünen Bereich bei ENER.

[meinolf67]

December 5, 2008, 9:56 am
Energy Conversion Devices: Barclays Cuts To Underweight; Cuts Ests On Contract Renegotiation Risk
Posted by Eric Savitz

Energy Conversion Devices (ENER) shares are down sharply this morning after Barclays Capital analyst Vishal Shah cut his rating on the stock to Underweight from Equal Weight, cutting his target to $15 from $25. He cut his EPS forecast for the June 2009 fiscal year to $1.14, from $1.33; for FY 2010 he goes to $2, from $2.25.

Shah writes in a note this morning that ENER “continues to remain a high quality, niche solar play,” but that there are increasing risks that the thin-film solar company will have to renegotiate pricing with its customers as silicon solar module pricing comes down. “We believe a number of take-or-pay customers have more than sufficient product in inventory and are unlikely to accept future delivery on terms agreed under take-or-pay contracts,” he writes. Shal adds that since installation of ENER’s products require specialized training, “moving excess product in the spot market could prove to be challenging, especially if customers cancel orders in the last month of the quarter.”

[BobTheBearhunter]

Wann gehts nur wieder aufwärts mit denen? Im Januar, wenn Obama das Öko-Paket auffährt?

[BobTheBearhunter]

Antwort auf Beitrag Nr.: 36.163.706 von meinolf67 am 08.12.08 07:20:58

Ach noch was: Denkst du, dass sich aus der engen Kooperation mit Qimonda arge Probleme entwickeln können? Wie siehst du den Kontrakt?

[zip_3009]

Antwort auf Beitrag Nr.: 36.170.689 von BobTheBearhunter am 09.12.08 10:00:40

heute

[meinolf67]

14.01.2009 15:07
Energy Conversion Devices Names Ted Amyuni to the Position of President - Europe, Middle East and Africa

ROCHESTER HILLS, Mich., Jan. 14 /PRNewswire-FirstCall/ -- Energy Conversion Devices, (News) Inc. (ECD), a global manufacturer of thin- film flexible solar laminate products for the building integrated and commercial rooftop markets, today named Ted Amyuni President - Europe, Middle East and Africa (EMEA). Mr. Amyuni has over 30 years of senior executive global leadership experience in general management, operations management and commercial leadership roles.

Mr. Amyuni joins ECD from Carrier Corporation where he has served in a number of key executive leadership roles in the US, Europe and the Middle East - including serving as President of Carrier Refrigeration and President of Carrier Transicold. In this new role Amyuni will be responsible for developing the EMEA team and leading all commercial activities in those regions. Mr. Amyuni will make his office in Paris, France.

"We are extremely pleased to welcome Ted to ECD," said Mark Morelli, president and CEO of Energy Conversion Devices. "Ted is a dedicated leader who brings the kind of international knowledge, experience, and insight necessary to drive ECD's European and Middle Eastern growth."

Mr. Amyuni holds a BSME degree from The American University of Beirut and is a native French speaker who is fluent in English and Arabic. He has held international management assignments in the United States, Europe and the Middle East.

[meinolf67]

Antwort auf Beitrag Nr.: 36.170.742 von BobTheBearhunter am 09.12.08 10:08:37

Welche "enge Kooperation mit Quimonda"? ich kenne keine...

[SLGramann]

Nichts grundsätzlich neues...

16. Januar 2009
Energy Conversion Devices' Turnaround: Is BIPV Finally Ready To Take Off?
by Jennifer Kho, Contributor
California, United States [RenewableEnergyWorld.com]

Just a year and a half ago, thin-film solar company Energy Conversion Devices didn't know when or how it would start to make money.

The Rochester Hills, Mich.-based company had reached 58 megawatts of annual production capacity by the end of its 2007 fiscal year. But in spite of reaching full-scale manufacturing and signing multiyear sales contracts for its United Solar Ovonic, or Uni-Solar, brand of amorphous-silicon films, the company had reported an annual loss of US $25.2 million for the fiscal year that ended in June of 2007.

In fact, aside from a profit of US $50.3 million — boosted by a one-time technology-licensing agreement worth US $79.5 million, in 2005 — the company had posted annual losses every year since 1996. And last year, shareholders and the company's board of directors apparently decided they had had enough.

In April of 2007, after warning that it would miss its third-quarter earnings expectations, the company said it was restructuring to cut US $23 million in annual expenses by the end of its 2008 fiscal year, which ended June 30, and to turn the company's innovation into commercial viability.

After a turnaround that included a new chief executive, the replacement of much of its senior management team, some 100 layoffs, new suppliers, reduced research and development spending and the sale of its battery materials business, the company, also known as ECD Ovonics, emerged triumphant. It turned a profit in its fiscal third quarter, one quarter earlier than anticipated, posting a net income of $7 million.

The company sustained the momentum, in August reporting a profit of US $9.9 million, or US $0.24per share, in the fourth quarter — leading to a net income of US $3.8 million for the full 2008 fiscal year — and in November posting a profit of US $12.7 million, or US $0.29 per share, for the first quarter of fiscal 2009.

The turnaround has been exciting not just for ECD, but also for the prospects for building-integrated photovoltaics (BIPV), which combine solar equipment with construction materials. As one of the first thin-film solar companies to enter BIPV — the company developed solar roofing shingles in the 1980s — ECD could be considered a bellwether for the potential of the technology.

Advocates say BIPV technology could dramatically cut costs of manufacturing and installing solar power and could expand the solar market. The BIPV market in Europe, the biggest market for the technology, grew 43.8 percent last year to reach €142.6 million [US $186.4 million], according to an October report from research firm Frost & Sullivan, which predicted that the "explosive growth rate" would continue.

Another research firm, NanoMarkets, has forecast that the BIPV market will make up about US $800 million in 2011, exceed US $4 billion in global revenues by 2013 and surpass US $8 billion in 2015. While most BIPV products today are based on traditional crystalline silicon, with companies such as Sharp, Kyocera, General Electric, BP Solar, SunPower and Suntech Power involved in roofing tiles, advocates say that thin-film materials could revolutionize the market, enabling differently shaped products for new applications that crystalline panels can't address and potentially reducing building costs.

The hopes for ECD have been representative of the vast opportunity for thin films in building-integrated applications. But with cost and efficiency challenges, as well as the difficulty of creating a brand-new market, the thin-film BIPV revolution has been a long time coming. And, with the added risk of the weak economy, it's still far from being a sure thing.

Turnaround: From Labs to Market

ECD officials date the beginning of the company's turnaround in September of 2007, when Mark D. Morelli, formerly a senior executive with United Technologies Corp., replaced Robert Stempel, previously the CEO and chairman of General Motors Corp., as chief executive.

One of Morelli's first actions was to review the company's strategy to figure out how it could turn its resources into money, said Mark Trinske, vice president for investor relations and communications. The conclusion was to shift ECD's focus more narrowly on its solar business, and Morelli brought in more manufacturing and marketing experts — replacing nearly the entire senior management team — to help with that shift, he said. The team decided against making a product that looked like a conventional glass panel, instead throwing all of its solar effort behind a flexible laminate that could be installed differently, said Marcelino Susas, vice president of strategic marketing.

It was a bold and risky move. Because while thin-film solar advocates have long said that the potential to deposit solar material on flexible and differently shaped substrates could open up new markets that conventional silicon-based panels can't touch now, that market has remained tiny so far. As companies wait for new markets to grow, most of the thin-film market has been in glass panels that look very similar to traditional panels.

ECD instead makes flexible, laminated sheets of amorphous-silicon films that can be installed like stickers — peel and stick — on commercial rooftops. The company thinks the gamble has paid off, as it has attracted construction-materials companies, such as Pennsylvania-based construction-materials company CertainTeed Corp. and Italian steel manufacturer Marcegaglia, that are working to integrate the laminate directly into their roofing materials and to distribute them.

The company also raised about US $500 million in a stock and debt offering earlier this year to fund its growth. Along with operating capital, the company plans to use the money to reach 1 gigawatt of capacity by 2012. "In a lot of ways, we're lucky we raised capital then," Susas said. "We would have trouble expanding right now if we hadn't."

With ECD's sales contracts and roofing-company partnerships, Cecile Warner, a principal engineer at the National Renewable Energy Laboratory's deployment and industry partnerships group, called the company's strategy for pursuing the BIPV market "sound." ECD has the competitive advantage of being one of the earliest companies out with an amorphous-silicon BIPV product, she said, with decades-old installations still functioning in the field. "Customers have a sense of comfort because they've seen Uni-Solar's products around ... and understand something about how they survive with time."

Stormy weather

But just as the company — and the BIPV market — has arrived at what could be viewed as a tipping point, the stormy economy could be poised to dampen the fast-growing market. "Studies I've seen [were] looking at a minimum 50-percent-per-year growth rate," Warner said. "But I don't think anyone's done math on this in November of 2008. It's a brave new world."

As a result of the economy, some of ECD's customers pulled out in the first quarter, delaying their purchases after they were unable to get financing. The company was able to replace those customers — reallocating the products to customers that had had orders in the backlog — and to add more, reaching a current pipeline of about US $2 billion in sales contracts.

Still, Trinske called the economy "quite a wildcard." Customers are having trouble raising money for their projects, and that could mean slower sales to come. "We're seeing projects with double-digit [returns on investment] that go out to the banks and can't get money," he said. "[The fact that] quality projects like that can't get financing speaks to the fact that capital is not available, period."

Subsidies could help buffer against the economy. Programs in markets such as France, Germany and Italy strongly support BIPV growth. France provides an incentive of €0.55 [US $0.73] per kilowatt-hour for photovoltaics with a "secondary architectural function," which covers very few products aside from Uni-Solar laminates, said Jenny Chase, a senior associate at research firm New Energy Finance.

Meanwhile, Jed Dorsheimer, an analyst at Canaccord Adams, said the economy has slowed new construction, which he called one of the largest potential markets for BIPV. Also, he said, decisions about whether to install features like solar power and energy-efficient lighting tend to come near the end of a project's development, when money tends to be tight. "The biggest competition for lighting is often carpet," he said. "In the near-term, the challenge for BIPV is lack of new build and justifying the price, because even if there's a [savings over time], there's a higher upfront cost of owning the project."

Susas disagrees that the new-construction slowdown will have a significant impact, saying that 80 percent of new roofs are on existing buildings and that the construction downturn has made solar more — not less — attractive to construction companies.

Another challenge for BIPV is its relatively low efficiency, Dorsheimer said. Uni-Solar films convert sunlight into electricity with about 8.5 percent efficiency now, compared to stand-alone thin films on glass with 10 percent efficiency and traditional panels with efficiency above 20 percent. ECD — which has produced films in its laboratories with 15 percent efficiency — is working to boost that number and is currently targeting applications with plenty of roof space, where the efficiency isn't a barrier, company officials said.

More competition is also likely to be coming soon. Global Solar, Ascent Solar and HelioVolt Corp., for example, are developing BIPV made of their copper-indium-gallium-diselenide films, which could have higher efficiencies than amorphous silicon. Solyndra, which makes thin-film tubes that sit on top of roofs — not BIPV — also could be an "interesting" competitor, Trinske said.

While it wouldn't disclose its per-watt production costs, ECD reported pricing of about US $3 per watt last year, and Susas said the company expects prices to remain flat or to drop slightly next year. Trinske said the fully installed price of its systems would vary, but typically come to between US $5.50-$6.00 per watt. The company has set a target of hitting costs of less than US $1.10 per watt by 2012, at which point it hopes to be competitive with conventional grid electricity.

The future for BIPV is cloudy, but several analysts say they believe ECD has as good a chance as anyone to make BIPV a success. "With a differentiated product, they have a better chance in the coming oversupply than the myriad glass module makers," Chase said.

Freelancer Jennifer Kho has been covering green technology since 2004, when she was a reporter at Red Herring magazine. She has more than nine years of reporting experience, most recently serving as the editor of Greentech Media. Her stories have appeared in such publications as The Wall Street Journal, the Los Angeles Times, BusinessWeek.com, CNN.com, Earth2Tech, Cleantechnica, MIT's Technology Review, and TheStreet.com.

[SLGramann]

Na ja, nicht das man gleich auf sie hören wird, aber unter der alten Administration hätte man sie dafür vermutlich gewaterboarded...


ROCHESTER HILLS, Mich., Jan. 23 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER) , the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, announced that Senior Advisor Nancy Bacon testified yesterday before the U.S. House Committee on Transportation and Infrastructure at the invitation of Chairman James L. Oberstar. The topic of the hearing was Infrastructure Investment: Ensuring an Effective Economic Recovery Program.

Ms. Bacon testified about the role that rooftop solar photovoltaic (PV) installations can play in generating more of our nation's electricity from clean, renewable sources; creating hundreds of thousands of jobs; reducing carbon dioxide production; reducing our reliance on foreign oil; and promoting distributed power generation in which power is generated where it is consumed, which relieves strain on the antiquated electrical grid.

Ms. Bacon commented, "As part of the stimulus package, we urge Congress to include a robust, national program to install solar photovoltaics on rooftops all across the country - starting with government buildings. An initiative of this magnitude will substantially benefit our economy through job creation, improve our environment and expand an important U.S. industry. We applaud the Committee and President Obama for supporting renewable energy, and look forward to working with them to transform American energy policy."

The full text of Ms. Bacon's written testimony can be found online at: http://transportation.house.gov/hearings/Testimony.aspx?TID=…

[Maverick22]

Frost & Sullivan maps the BIPV hotspots in Europe

London, UK, Jan. 23, 2009 -- The European Building Integrated Photovoltaics (BIPV) market is showing great investment and growth potential as it spreads through Europe, a recent Frost & Sullivan report shows. The European BIPV market in 2007 was estimated at over $183 million with a total installed capacity of 25.7 MW for the commercial, residential, industrial and public markets combined.

Currently, there is substantial amount of interest in the market due to its high year on year growth, as well as an increasing number of countries which now have legislation supporting BIPV technology, according to the report. The key to understanding BIPV market hot spots, said the report, is pinpointing the countries that have passed BIPV-friendly legislation. Germany, Italy, France and Spain were cited as "ripe for investment."

The link between geographic hotspots and legislation is noted by Frost & Sullivan Akhil Sivanandan, Research Analyst, who says, "The common factor to all the best regions for investment in BIPV has been the level of legislative support. These regions have high levels of legislative support for BIPV, usually through feed-in tariffs, although easy availability of loans, solar PV ordinances and other such supportive legislations are also important to grow and sustain the market. Manufacturers have traditionally gravitated towards such regions."

Right now the largest market for BIPV in Europe is the German market. In 1999 the country began to promote BIPV technology through its 100,000 program. By guaranteeing feed-in tariffs and interest free loans, the German market developed more quickly than other markets, securing in 2004 the position of the largest PV market in the world. Because of its early focus on BIPV, the country currently has a high level of expertise among BIPV installers, designers, architects and manufacturers, accompanied by a high level of awareness among the end consumers. Recent amendments in Germany's renewable energy act, the EEG (Erneuerbare Energien Gesetz) ensures that Germany will remain one of the largest markets for BIPV in the world, said the report.

By 2006 France's BIPV specific feed-in tariffs were introduced, catapulting the country into hotspot status for manufacturers. Just a year after this legislation was enacted, the French market has grown into the second largest market for BIPV in Europe. However, because it is still a relatively new market, establishing a strong manufacturing and consumer base will be vital. Currently, BIPV manufacturers are pressed to meet the steep demands within the country. The French BIPV market is also suffering from a lack of expertise for BIPV, especially in design and installation, said the report.

At one point the Italian market was projected to the BIPV leader, given the country's climate conditions and high investment capability, however, slow bureaucracy has leashed its growth, according to the report. The lack of specific tariffs in Italy was barring BIPV progress, until 2007 when the market was advanced by the introduction of the "Conto Energia" laws which granted very high feed-in tariffs for BIPV, and a clear cut definition for a BIPV installation. Since then the market has grown more rapidly. Despite Italy's continual slow and complicated bureaucratic process, this market is expected to continue its high growth rate in the coming years.

Couched between France and Italy, the BIPV trend spread to Spain. According to the report, the Spanish BIPV market took off in 2004, as it was so closely related to Spain's already established open-field PV market. Although the PV market created a back door for the BIPV market, the Spanish BIPV market has experienced less growth than the general PV market. However, the PV market has been around much longer and thus is more developed. But the tide is set to change at the end of 2008, said the report, when the Spanish government is ready to revise its tariffs for PV, giving higher importance to BIPV and scaling down its open-field PV tariffs. This will give preference to BIPV among both consumers and manufacturers from the mid 2009 onwards when the tariffs are to come into effect.

The report also pointed out that countries such as Greece, Portugal and Switzerland are moving toward BIVP expansion. Although still in the preliminary stages, these markets are something for investors to keep their eyes on as they are emerging into potential BIPV hotspots, the report noted.

http://uaelp.pennnet.com/display_article/351238/22/ARTCL/non…

[SLGramann]

Die Großmutter, Carlisle, ist ein ziemlich großer Konzern. Mir gefallen diese Deals gut. Bisher ein klares Alleinstellungsmerkmal für ENER - dank ihrer bisher einmaligen Technologie.



Carlisle Energy Services and Energy Conversion Devices to Deliver Photovoltaic Systems for Commercial Roofs


CARLISLE, Pa., Jan. 30 /PRNewswire-FirstCall/ -- Carlisle Energy Services, a newly formed division of Carlisle Construction Materials and a leading manufacturer of energy-efficient single-ply roofing systems, and Energy Conversion Devices, Inc. (Nasdaq: ENER) (ECD), a manufacturer of proprietary, thin-film amorphous silicon-based photovoltaic (PV) laminates announced that they have reached a multi-year agreement for ECD to supply its UNI-SOLAR(R) laminates to Carlisle Energy Services.

According to John Altmeyer, CEO of Carlisle Construction Materials, "UNI-SOLAR(R) products are a natural fit for both our EPDM and TPO single-ply roof systems and our extensive network of certified installers, as they can be readily adhered to the rooftop without the need for special equipment. Furthermore, these products contain no glass, operate in low-light situations and offer excellent performance in high temperatures, allowing Carlisle to offer an ideal solution for regions where traditional rooftop PV systems have been prohibited or excluded due to inclement climatic conditions."

"As an expert in rooftops and roofing, Carlisle is an excellent new partner for Uni-Solar in the United States. We believe the United States marketplace has excellent growth potential, and we look forward to growing our U.S. business with Carlisle as we continue to grow our position as the leader in rooftop and building integrated PV products," said Mark Morelli, president and CEO of Energy Conversion Devices.

At less than one pound per square foot, UNI-SOLAR(R) laminates are lightweight and non-intrusive and require no rooftop penetrations or mounting systems, eliminating the negative impact on roof life and performance that is associated with penetrating PV systems. Additionally, these thin-film PV laminates provide a solid return on investment through a low installed cost and low cost-per-kilowatt-hour of energy produced when compared to traditional rigid glass panel PV alternatives.

Carlisle Energy Services will offer a number of services in conjunction with the sales and distribution of its PV products, including: complete system design and monitoring, 20-year single-source warranty on all system components and comprehensive service options throughout the life of the system.

About Carlisle Energy Services

Carlisle Energy Services is a newly formed division of Carlisle Construction Materials. Headquartered in Carlisle, PA, Carlisle Construction Materials has been manufacturing single-ply membrane roofing systems for more than 45 years. To date, Carlisle has produced more than 15 billion square feet of roofing membrane. Carlisle is a business segment of Carlisle Companies Incorporated (NYSE: CSL) and has twenty-six manufacturing facilities in the United States. For more information, visit www.carlisle-syntec.com.

[meinolf67]

Antwort auf Beitrag Nr.: 36.484.487 von SLGramann am 30.01.09 18:39:19

SOLYNDRA hat auch einen Vertrag mit Carlisle gemacht...

[SLGramann]

Antwort auf Beitrag Nr.: 36.487.607 von meinolf67 am 31.01.09 14:50:30

Okay, wusste ich nicht. Ich finde Solyndras Technik von der Idee her absolut genial(!), aber sie soll ja irre teuer sein in der Produktion. Und das könnte prinzipbedingt sein. Ich zweifle deshalb sehr daran, dass aus Solyndra mal was wird.

[meinolf67]

Antwort auf Beitrag Nr.: 36.487.662 von SLGramann am 31.01.09 15:10:09

Auf welche Quellen stützt Du dich mit dem Urteil?

[SLGramann]

Antwort auf Beitrag Nr.: 36.487.689 von meinolf67 am 31.01.09 15:26:56

In der Photon 1/2009 wird nach der "second solar" gesucht. Auch Solyndra wird erwähnt. In dem Artikel steht, dass "in der Szene" von vierfachen Herstellungskosten bei Solyndra im Vergleich zu herkömmlichen CIGS (auch nicht gerade billig!) "die Rede" sei. Das soll so auf 7 bis 8 Dollar / Watt rauslaufen. Genaue Daten rücken sie natürlich nicht raus. Und dass in Zukunft alles billiger werden soll, ist Standard.

[meinolf67]

Antwort auf Beitrag Nr.: 36.487.753 von SLGramann am 31.01.09 15:56:24

Jetzt habe ich es auch gesehen.

Mir ist allerdings nicht ganz klar, warum der Unterschied SO groß sein soll.


Warten wir mal ab, wie es sich weiterentwickelt.

[WilcoH]

http://www.triplepundit.com/pages/solar-stocks-wall-street-h…

[SLGramann]

Energy Conversion Devices' Dr. Subhendu Guha Wins 2009 PVSEC Award for R&D on Solar Photovoltaics


Award honors individuals for outstanding contributions to the development of science and technology of photovoltaic solar energy conversion

ROCHESTER HILLS, Mich., Feb. 3 /PRNewswire-FirstCall/ --Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced that Dr. Subhendu Guha, Senior Vice President of ECD and Chairman of United Solar Ovonic, a wholly owned subsidiary of ECD, has been named the winner of the PVSEC Award for R&D on Solar Photovoltaics.

Dr. Guha was announced the winner of the award on the opening day of the 18th International Photovoltaic Science and Engineering Conference that took place in Kolkata, India in January. The award honors individuals for outstanding contributions to the development of science and technology of photovoltaic solar energy conversion. The citation noted Dr. Guha's innovative contribution in the development and production of multi-junction amorphous silicon-based materials, devices and products.

"I'm honored to receive this award. It is personally gratifying, and I particularly appreciate the collaboration of my colleagues to carry out cutting-edge research to develop products that have great societal values," said Dr. Guha.

Mark Morelli, ECD's president and chief executive officer said, "Dr. Guha is a world-renowned authority in photovoltaic technology, with more than 25 years of experience in the development and manufacture of solar panels. His contribution to the field of photovoltaic energy has been outstanding, and this award is a well-deserved acknowledgment of that fact."

Dr. Guha has written over 250 technical papers for publications in the field of semiconductors and holds more than 30 patents. In addition, he serves in many national and international photovoltaic committees, including the Advisory Board of National Center for Photovoltaic -- the body responsible for directing and implementing the U.S. Department of Energy's strategy in photovoltaic. His work has received recognition from the U.S. Department of Energy, Bright Lights Award, and the Discovery Magazine, Environment Category. He was also the recipient of World Technology award in 2005 in the Energy category.


------------------



Ein sehr kluger und sympathischer Mann - und ein anderer Mann...

[Maverick22]

Antwort auf Beitrag Nr.: 36.504.799 von SLGramann am 03.02.09 20:05:04

ENER wird extrem runtergehalten vor den Zahlen...

Was tippst du für ein Ergebnis pro Aktie am Montag?

[SLGramann]

Aus einem Artikel von Reuters zur Arbeitssituation in der US-PV-Industrie:

United Solar Ovonic (ENER.O), based in Rochester Hills, Michigan, has a plant in Mexico that produces laminates for the photovoltaic cells assembled at in Greenville, Michigan.

--------

PS: Ist für mich als Merkposten gedacht, weil ich mich immer gefragt habe, was ENER da in Mexico eigentlich macht, wo man doch, wenn man Auburn Hills und Greenville zusammenzählt, auf die Nominalkapazität kommt. Und wenn ich das hier nicht aufschreibe, vergess ich es wieder...

[SLGramann]

Rochester Hills, Mich., Feb. 9, 2009 - Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced financial results for its second quarter of fiscal 2009, ended December 31, 2008.

Total consolidated revenues for the quarter were $103.1 million as compared to $95.8 million from the first quarter of fiscal 2009 and $56.4 million in the second quarter of fiscal 2008. Solar product sales were $97.3 million compared to $89.5 million in the first quarter of fiscal 2009 and $49.7 million reported for the same quarter last year. The second quarter average selling price for solar products was $2.99 per watt.

Net income for the second quarter was $14.2 million or $0.33 per fully diluted share compared to net income of $12.7 million or $0.29 per fully diluted share in the first quarter of fiscal 2009 and a net loss of $5.4 million or $0.14 per fully diluted share in the year-ago period.

Second quarter net income and per-share figures include preproduction costs of $1.8 million or $0.04 per fully diluted share and restructuring costs of $0.2 million or less than $0.01 per fully diluted share. Consolidated gross margin in the second quarter on solar product sales was 35.2 percent and total gross margin was 36.0 percent. United Solar Ovonic produced 34.0 MWs and shipped 32.5 MWs of solar laminates in the second quarter.

Mark Morelli, ECD's president and chief executive officer said, "In light of the overall global economic conditions, we are pleased to report growth in revenues, solar product sales and consolidated gross margin. Our continued focus on operational excellence is paying off as we continue to lower our manufacturing costs and achieve higher gross margin. These ongoing cost-containment initiatives give us confidence in our ability to generate continued earnings growth in the second half of the fiscal year and beyond."

For the six months ended December 31, 2008, total consolidated revenues were $198.9 million compared to $103.5 million in the prior year. Solar product sales were $186.8 million for the first half of fiscal 2009 versus $89.6 million for the first half of fiscal 2008. Net income for the first six months of fiscal 2009 was $26.9 million or $0.63 per fully diluted share versus a net loss of $13.0 million or a net loss of $0.33 per fully diluted share in the year-ago period. In the first half of this particularly challenging fiscal 2009, net operating cash flow was $37.2 million versus $6.4 million during the first half of fiscal 2008.

Guidance for Third Quarter and Fiscal Year

For the fiscal third quarter ending March 31, 2009:

*

Consolidated revenues are expected to be $95 - $110 million.
* Solar product sales are expected to be $90 - $105 million.
* Gross margin on solar product sales is expected to be 34 to 35 percent and consolidated gross margin is expected to be approximately 35 percent.
* Pre-production costs are expected to be $1.5 - $2.0 million.

For the full fiscal year ending June 30, 2009:

* Consolidated revenues are expected to be $395 - $440 million.
* Solar product sales are expected to be $375 - $410 million.
* Gross margin on solar product sales is expected to be 34 to 35 percent and consolidated gross margin is expected to be approximately 35 percent.
* Pre-production costs are expected to be $7.0 - $9.0 million.

"We are not immune from the global economic downturn and our guidance is subject to a variety of risks, including customer credit availability, timing of project closures and consumer and corporate confidence. We continue to be optimistic about the long-term outlook for rooftop and building-integrated solar PV. We are focusing on improving sales effectiveness and working to drive demand for our products with strategic customers, channel partners, and solar investors. Given current economic conditions, we have adjusted our expectations for the rest of this fiscal year," said Mr. Morelli.

[SLGramann]

Antwort auf Beitrag Nr.: 36.542.792 von SLGramann am 09.02.09 17:14:15

Okay, Rohertragsmarge entwickelt sich weiter stark.

Aber wir haben eine deutliche Rücknahme der Umsatzerwartung fürs lfd. Fiskaljahr.

Ich stell das mal untereinader:

Bisher galt:

For the full 2009 fiscal year ending June 30, 2009:

* Total consolidated revenues are expected to be $455 - $485 million.
* Solar product sales are expected to be $430 - $450 million.

Jetzt gilt:

For the full fiscal year ending June 30, 2009:

* Consolidated revenues are expected to be $395 - $440 million.
* Solar product sales are expected to be $375 - $410 million.

Das ist bei der Unterkante des korridors immerhin ein Unterschied von 55 Mio. Dollar in gerade mal 3 Monaten. Dennoch bin ich der Meinung, dass ENER sich in Anbetracht der Gesamtsituation ziemlich gut hält. Auch der nur wenig gesunkene ASP von 2,99 Dollar (vorher 3,04) ist ein starkes Zeichen. ENER scheint auch für die Zukunft nicht mit einem deutlichen Preiseinbruch zu rechnen, denn die Rohertragsmargenprognose (was n Wort) wurde bestätigt bzw. einen Tick hochgenommen.

Ich freu mich aufs nächste Jahr und den ramp up von Battle Creek.

Ich hoffe, wir bekommen den CC wieder über S.Alpha!

[Maverick22]

UPDATE 2-Energy Conversion Q2 profit tops Street, shares rise

* Swings to Q2 profit, rev surges

* Q2 solar margins 35.2 pct

* Sees Q3, FY '09 rev below Street

* Sees Q3, FY '09 solar margins 34-35 pct

* Shares rise as much as 6 pct (Recasts; adds analyst comment, updates share movement)

By Adveith Nair

BANGALORE, Feb 9 (Reuters) - Energy Conversion Devices Inc (ENER.O) posted second-quarter profit that topped market estimates as sales of solar products rose and pricing held up, but the company forecast lower-than-expected third-quarter and full-year 2009 revenue.

While fears of falling prices have hurt the alternative energy technology company in the past, second-quarter average selling prices (ASP) were relatively flat sequentially at $2.99 per watt.

"The biggest positive was that ASPs look like they are holding up very strong. In the current quarter, the industry has seen a 5 to 10 percent decline in ASPs," Jefferies analyst Paul Clegg told Reuters.

Energy Conversion shares rose 5 percent to $27.01 in midday trade on Nasdaq. They touched a high of $27.36 earlier.

Energy Conversion's principal commercial products are its thin-film photovoltaic solar laminates, which convert sunlight into electricity, while crystalline silicon modules are primarily used in the solar industry.

"Sometimes the two compete with each other. Right now they (Energy Conversion's modules) seem to be holding on to pricing quite a bit better than crystalline silicon, which is coming down very rapidly," Clegg said.

STRONG QUARTER

While the company's latest-quarter revenue was better than expected, Energy Conversion forecast third-quarter and full-year revenue below analysts' estimates.

For the second quarter ended Dec. 31, solar product sales nearly doubled to $97.3 million, while total revenue surged 83 percent to $103.1 million. The company earned 33 cents a share, compared with a loss of 14 cents a year ago.

The company said it expects revenue of $95 million to $110 million for the third quarter and $395 million to $440 million for the full year 2009.

Analysts on average were looking for revenue of $118.5 million for the third quarter and $450.8 million for the full year, according to Reuters Estimates.

The company, however, said it continues to be "optimistic" about the long-term outlook for rooftop and building-integrated solar photovoltaics, which can be built into the structure of a building.

http://www.reuters.com/article/marketsNews/idINBNG2838112009…
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Bei den Analysten spricht es sich jetzt auch rum, dass die was anderes verkaufen! Im Yahoo-Board machen sie sich schon lustig über den Citigroup-Deppen!

[Maverick22]

interessant ist, dass diese Firma kaum jemanden hier in Deutschland interessiert - die treiben sich lieber bei Pleite-Unternehmen wie Evergreen Solar herum....

[SLGramann]

Antwort auf Beitrag Nr.: 35.904.589 von SLGramann am 10.11.08 17:27:08

Herstellungskosten (operativ) sind nach meiner Rechnung von 2,03 Dollar / Watt auf 1,97 Dollar / Watt gefallen


Das schrieb ich nach dem letzten Quartal. Nach meiner - etwas zu simplen - Berechnungsmethode sind die Kosten pro Watt jetzt bei 1,87 Dollar. Ein schöner Fortschritt innerhalb nur eines Quartals. Wird auch damit zu tun haben, dass das retro fit in AH1 komplett durch ist.

Ich rechne übrigens einfach das aus der GuV:

EXPENSES
Cost of product sales 63,624

im Verhältnis zur produzierten MW-Zahl, diesmal also 34.

Wie gesagt, das dürfte etwas simpel sein, weil ENER nicht nur PV ist. Aber ich glaub, wir haben nichts besseres, oder?

Tja, wie gesagt, bin gespannt wo die Kosten pro Wp dann mit der Battle Creek-Fab liegen werden. Das ist immerhin ein 120 MW-"Monster" und sollte für hübsche Skaleneffekte gut sein imho.

[Maverick22]

10-Feb-09 Piper Jaffray Upgraded Neutral to Buy

PiperJaffray analyst Jesse Pinchel upgraded the company to "Buy" from "Neutral." Pinchel warned investors of near-term volatility as other solar companies will likely report poor results in the coming weeks, but said the stock should appreciate over the next 12 months.

Pinchel said Energy Conversion Devices' disproportionate exposure to the "fastest growing markets" of France and Italy will allow the company to outperform competitors exposed to Germany and the U.S. in the near term as Germany is at a seasonal slow point and the U.S. market has been crippled by the credit crisis and a barrage of negative earnings reports. He expects the market in Germany and the U.S. to pick up around March or April and May or June, respectively.

Pinchel added that the company's exposure to markets in France and Italy make it less prone to commodity pricing. He said the company's decline in average selling prices are less pronounced than expected.

"We see Energy Conversion Devices as the primary beneficiary of U.S. legislation," he said, adding that the company's exposure to the U.S. market is 18 percent of revenue and may represent potential upside.

Pinchel estimates a 2009 profit of $2.33 per share and 2010 profit of $2.95 per share. His price target for the company is $33.

---------------------------------------------------------------
10-Feb-09 Janco Partners Upgraded Accumulate Buy KZ $35
10-Feb-09 AmTech Research Reiterated Buy KZ $48
10-Feb-09 Wedbush Morgan Reiterated Hold KZ $29
10-Feb-09 Ardour Capital Upgraded Hold Buy KZ $34
10-Feb-09 Jefferies & Co Reiterated Buy KZ $37
09-Feb-09 Wedbush Morgan Reiterated Hold KZ $29

[Maverick22]

Energy Conversion Devices Inc. F2Q09 (Qtr End 12/31/08) Earnings Call Transcript

http://seekingalpha.com/article/119441-energy-conversion-dev…

[SLGramann]

Antwort auf Beitrag Nr.: 36.552.227 von Maverick22 am 10.02.09 19:34:14

Ein paar Punkte aus dem CC, die mir besonders wichtig zu sein scheinen:

a) Auftragsbestand

Der Auftragsbestand entwickelt sich weiter gut, wenn man die Krise berücksichtigt.

Die Zahlen sind aktuell: Auftragsbestand 2,4 Mrd., davon "take or pay" 1,5 Mrd.
Im vorigen Quartal waren es 2 Mrd., davon 1,6 Mrd. take or pay

Das Problem ist im Moment offensichtlich, dass Projekte keine Finanzierung bekommen bzw. lange darum kämpfen müssen. Insofern ist der hohe Auftragsbestand nur die eine Seite der Medaille, die andere ist eben leider, dass es den Kunden derzeit (und sicher noch eine ganze Weile) relativ schwer fällt, ihre Projekte wirklich zu realisieren.

Daher rührt auch die Absenkung des Umsatzausblicks für das lfd. Fiskaljahr (und nicht etwa aus einem Zusammenbruch der ASP).

b) ASP

Wie gesagt derzeit bei 2,99 Dollar. Es gab zum 01.01.2009 eine reguläre Anpassung (EEG) im "single-digit" Bereich. Man darf nach meiner Ansicht da wohl von ca. 7 bis 8% ausgehen. Davon abgesehen ist die Situation stabil!

c) Anlagentechnik und ramp up

Es wurde ein schöner Erfolg erzielt, indem es gelungen ist, aus einer Zell-Linie 6% mehr Kapazität rauszuholen. Das wird jetzt auf 14 Linien umgesetzt.
Daneben gibt es natürlich permanente Detailverbesserungen.

Das ramp von Greenville II ist in nur 6 Monaten über die Bühne gegangen - geplant hatte man mit 8. Ich finde übrigens 8 Monate schon gut, 6 sind schon ziemlich genial!

d) Battle Creek

Da hat man sich sehr zurückhaltend geäußert. 10 Mio. Dollar sind verbaut, was so gut wie nichts ist. Man betreibt die Arbeiten derzeit mit zurückgenommener Kraft. Sieht alles danach aus, dass die Fab bewusst verzögert wird. ENER besteht auf „demand driven expansion“ und man ist sich offenbar derzeit etwas unsicher, wie schnell diese 120 MW-Linie wirklich gebraucht wird. Hier wird man weiter beobachten müssen.

e) op. Kosten

Die Kosten werden durch zahlreiche Maßnahmen gesenkt. Liniendurchsatz, Ausbeute, Beschaffung von Rohmaterial. Man hat das Ziel von 1,10 Dollar / W für 2012 bestätigt, nun aber auch die Hoffnung auf eine aggressivere Kostensenkung geäußert. Das ist ehrlich gesagt immer meine Hoffnung gewesen, dass ENER an diesem Punkt noch mehr Potentail hat, als man bisher sieht. Denn so viele Vorteile ihre Flex-Technik sonst auch hat, die Produktionskosten müssen schnell und deutlich runter. (FSLR ist in Malaysia angeblich signifikant unter einem Dollar / W.)

[SLGramann]

Antwort auf Beitrag Nr.: 36.556.012 von SLGramann am 11.02.09 11:22:38

Nochmals zu Battle Creek:

Die Zurückhaltung vor ENER ist gut zu verstehen. Ich hab mal gerade etwas rumgerechnet und bin darauf gekommen, dass im lfd. Quartal die bestehenden Produktionskapazitäten nicht ausgelastet sein werden.

Dabei lege ich folgende Annahmen zu Grunde:

1.) Nominalkapazitäten wie folgt (pro Q):

AH I: 7 MW
AH II: 7,5 MW
GV I: 15 MW
GV II: 15 MW
Summe: 44,5 MW + 4% = 46,3 MW Realkapazität

2.) ASP von geschätzt 2,77 Dollar (gute 7% Minus zum 01.01.2009)

3.) Umsatz Solarsparte angesagt mit 90 bis 105 Mio. Dollar

Bei 90 Mio. Umsatz würden sich 32,5 MW ergeben, was mit einer Produktion von ca. 34 MW korrespondieren dürfte, bei 97,5 Mio. wären es entsprechend 35 MW (37 MW Produktion) und bei 105 Mio. wären es eben 38 MW (40 MW).

Also, selbst im besten Fall werden aus 46,3 MW Produktionskapazität nur 40 MW Produktion rausgeholt.

Außerdem kenne ich den Status von GV III überhaupt nicht. Kommt da was? Und wenn ja, wann?

Das ganze hier soll nicht falsch verstanden werden. Wenn ENER in diesem Quartal wirklich 37 MW produzieren würde (mittleres Szenario), wäre das in Anbetracht der allgemeinen Umstände eine sehr, sehr gute Leistung. Es gibt ne Menge andere Unternehmen, die fahren ihre Produktion massiv zurück und liegen derzeit vielleicht bei 25% ihrer Kapazität, wenn überhaupt.

Aber das man mit der Expansion derzeit nicht so aufs Tempo drückt, ist, wie eingangs gesagt, gut zu verstehen, wenn es auch sehr bedauerlich ist.

[willywuff01]

@SLGramann: möchte Dir mal genz herzlich für die extrem fundierten Beiträge Danken, man liest solche Fundamentale Postings äußerst selten!! Mir zeigt dies, das Du ein Mann der Materie bist!!! Kompliment!!! Ich bin übrigens als Verarbeiter auf ECD gestossen, hab die Teile allerdings im Depot, da ECD im Bereich Energiespeicher eine führende Rolle innehat....Ich sehe die Zukunftvon ECD extrem gelassen, wen die Ihr komplettes Potential entfalten, haben wir (denke ich mal) ausgesorgt....
LG

[WilcoH]

http://seekingalpha.com/article/121867-3-renewable-energy-co…

[SLGramann]

ROCHESTER HILLS, Mich., March 10 /PRNewswire-FirstCall/ --Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), a global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today named Ken Fox Chief Marketing Officer effective April 1, 2009.

Mr. Fox joins ECD from United Technologies Corporation (UTC) where he most recently served as Vice President/General Manager, Stationary Power Solutions for UTC Power, a business focused on distributed power generation. While there, Mr. Fox led the growth and commercialization of UTC Power's product and service offerings.

Prior to joining UTC Power, Mr. Fox spent 17 years with Carrier Corporation, a UTC company. At Carrier, Mr. Fox led the profitable growth of the controls and building automation businesses to be among Carrier's highest growth and most profitable businesses. In his last assignment at Carrier, he was President of the North American commercial business, which included sales, service, national accounts, and building automation systems.

In this new position at ECD, Mr. Fox will be responsible for Global Marketing, Strategy and Business Development. He will also oversee Government Relations and Product Development.

"I am pleased to welcome Ken to ECD," said Mark Morelli, president and CEO of Energy Conversion Devices. "As we continue our focus on demand creation and sales efficiency, we are broadening our management team with experienced professionals that can help guide ECD to the next level of success. Ken's business acumen and experience in transforming research-oriented cultures to commercial focus within distributed power and renewable energy businesses will be an immediate benefit to ECD as we expand our business."

Mr. Fox earned a Bachelor of Science degree in civil engineering from Northeastern University and a Master of Science degree in management from the Sloan School of Management at the Massachusetts Institute of Technology.

[SLGramann]

Tief im Tal der Tränen...

ROCHESTER HILLS, Mich., March 16 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER - News), a global manufacturer of thin-film flexible solar laminate products for the building-integrated and commercial rooftop markets, today announced that it is slowing the pace of its "demand-driven" production and expansion plan to better reflect the present impact of credit availability on project flow in the global pipeline for photovoltaics. ECD also announced that, because of the lack of visibility caused by the current economic conditions, its prior third quarter and full fiscal year 2009 guidance is no longer applicable. The company believes that solar product revenue for the fiscal third quarter will approximate the results from the same period a year ago.

ADVERTISEMENT
Click here to find out more!
Mark Morelli, ECD's president and chief executive officer said, "We have a strong balance sheet and financial stability, and to keep our company strong we continue to focus on operational excellence and cost reductions. We are making strategic investments in our company including staffing the global sales and marketing team, strengthening customer service and broadening our government relations capabilities. We are continuing to improve our ability to serve our customers worldwide and we have flexibility to quickly respond to changes in the market. We are prudently slowing down production and expansion plans and are taking immediate action to decrease our spending and to adjust our demand-driven expansion to better align with current market conditions."

The company will pause its aggressive production and expansion, implementing a two-week production hiatus effective March 22nd. Also, while the company finalizes the basic construction at Battle Creek, orders for equipment and the hiring of new employees will be postponed until demand improves.

The company is further lowering overall costs and improving manufacturing efficiencies by consolidating some production from its Auburn Hills 1 facility into its newer Auburn Hills 2 facility. About 130 employees will be relocated to Auburn Hills 2 as part of its expansion of operations at that facility. The consolidation will result in a permanent reduction of approximately 70 positions from the remaining operations at Auburn Hills 1. These individuals will receive severance and outplacement services and will also have the opportunity to apply for future jobs at ECD facilities.

"Even in these tough times, there are opportunities on the horizon. The worldwide outlook for the alternative energy industry is tremendous, and the recent announcement of the U.S. stimulus package is excellent news. I believe the outlook for our business has never been stronger," concluded Mr. Morelli.

Conference Call Details

In conjunction with today's announcement, the management of Energy Conversion Devices will host a conference call on Monday, March 16, 2009, at 4:30 p.m. ET. The dial-in number for the live audio call is 877-858-2512 or 706-634-6076 (international) with conference ID number 90709696. The conference call will be webcast live over the Internet and can be accessed in the Investor Relations - Conference Calls section of the company's website at www.ovonic.com.

An audio replay of the call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until 11:59 p.m., March 18, 2009, and can be accessed by dialing 800-642-1687 or 706-645-9291 (international), with conference ID number 90709696. The webcast will also be archived on the company's website.

[SLGramann]

Antwort auf Beitrag Nr.: 36.778.711 von SLGramann am 16.03.09 21:33:08

Nachbörslich -20% im Moment...

[R-BgO]

Antwort auf Beitrag Nr.: 36.778.723 von SLGramann am 16.03.09 21:34:21

Jetzt Kaufkurse?

Immerhin bereits unter Buchwert...

[SLGramann]

Antwort auf Beitrag Nr.: 36.780.665 von R-BgO am 17.03.09 09:45:24

Ja, das ist die Überlegung... Ich hätte grundsätzlich schon Lust, hier etwas aufzustocken. ENER könnte in der nächsten Zeit aber ganz schön ins Schwitzen kommen, wenn c-Si-Module auf 2 Dollar runtergehen. Wenn sie jetzt auch kein Mengenwachstum mehr haben, bin ich unsicher, ob und wie schnell sie ihre Produktionskosten runter bekommen. Von Battle Creek habe ich einiges erhofft - aber das Projekt liegt auf Eis.

Die entscheidende Frage ist daher für mich: Sind in naher Zukunft weitere und sehr erhebliche Kostensenkungen möglich? Wenn ich mir da etwas sicherer wäre, würde ich jetzt (nach)kaufen. Aber ich bin nicht sicher... Hast Du dazu eine Meinung?

[R-BgO]

Antwort auf Beitrag Nr.: 36.781.409 von SLGramann am 17.03.09 11:07:15

Habe mir den CC angehört.

Sie werden AH1 in AH2 reinfusionieren, um so die Kosten runterzubringen; 70 MA werden verlegt.

De facto senken sie ihre Kapazität.

Zitat: "we do not want to build too much inventory"

Weiterhin glauben sie, daß in der bill-of-materials noch viel zu holen ist.

An den Preisen haben sie angeblich bisher nichts geändert.

Interessant war die Formulierung einer Frage von Sanjay Shreestra (o.ä.) der wissen wollte, ob nicht Preissenkungen unterblieben, weil "not much elasticity of demand" zu beobachten sei.

Habe das gleiche Motiv heute irgendwo anders gelesen; eine Firma macht keinen Preiskampf mit, weil sich dadurch keine zusätzliche Nachfrage generieren lasse. Leider fällt mir der Name nicht mehr ein.

Was ist eigentlich, wenn die Kunden "einfach" streiken sollten?

Gut war noch die Info, daß man auf jeden Fall erwarte, in Q3 (abw. GJ) profitabel zu bleiben.


Fazit:
stärkster Bodennebel und ein Bauchgefühl eher abzuwarten, als jetzt schon zuzuschlagen

[SLGramann]

Antwort auf Beitrag Nr.: 36.786.222 von R-BgO am 17.03.09 19:25:29

Danke fürs Mithören und die Infos. Deinem Fazit schließe ich mich zunächst mal an.

[wallstreetcrash]

juchuu, wieder über 11€ Vieleicht war das jetzt die Initialzündung zur Erholung

[marchl]

http://news.morningstar.com/newsnet/ViewNews.aspx?article=/B…

EVSO: Texas Launches $500 Million Solar Subsidy4-26-09 8:55 PM EDT | E-mail Article | Print Article

Evolution Solar Corporation (Pink Sheets: EVSO). The Texas Senate just approved one of the largest subsidy programs for solar power in the United States. The program mandates a 60% increase in alternative energy from sources other than wind over the next five years. The program is expected to result in an additional 200-500 megawatts of solar power in the State of Texas. (There are currently 590 megawatts of solar power generated nationwide).
“The Texas legislature has made it clear that the State has put out the welcome mat for companies such as Evolution Solar who are committed to expanding solar capacity in the United States,” stated Robert Kaapke, CEO of Evolution Solar Corp. “This new initiative will put Texas in the forefront of states that provide solar incentives and help make Texas the leader in solar power as it already is in wind generation.”

Texas is expected to attract solar manufactures with its new incentives as well as installations from companies such as SunTech (NYSE: STP) and Energy Conversion Devices (NASDAQ: ENER).

[SLGramann]

ROCHESTER HILLS, Mich., April 27, 2009 (GLOBE NEWSWIRE) -- Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER) will report financial results for the third quarter ended March 31, 2009 on Monday, May 11, 2009 before the market opens.


Spannend ist wohl vor allem der Ausblick aufs lfd. Quartal. Außerdem natürlich die Preisentwicklung und die Entwicklung der Produktionskosten. Gibts da negative Skaleneffekte?

[R-BgO]

sieht nach "BUMM" aus... (und ist ein großer Kunde von ENER; vielleicht können sie ja downstream integireren :

05.05.2009 09:27
Solar Integrated seeks buyer, in financing talks

LONDON, May 5 (Reuters) - London-listed solar roofing company Solar Integrated Technologies (News) said it was in talks with potential buyers and was looking at its financing options after ending talks on a $25 million credit line.

The $25 million facility was due to replace an existing loan from an affiliate of GE Energy Financial Services, the Los Angeles-based company said on Tuesday.

Solar Integrated said this loan had been extended further to July 3.

'There is no assurance that the company will be successful in further extending the facility, or in otherwise securing financing or a buyer for the company,' Solar Integrated said in a statement.

Shares in the AIM-listed company, which have lost 85 percent of their value over the last year, closed on Friday at 15.5 pence and were indicated down 29 percent at market open on Tuesday.

[R-BgO]

Antwort auf Beitrag Nr.: 37.096.859 von R-BgO am 05.05.09 10:49:08

hamse gehört :

05.05.2009 14:42


May 5 (Reuters) - Energy Conversion Devices Inc: (News)

* Responds to Solar Integrated Technologies (SIT) announcement

* Says has no further comment on the situation at this time

* Said that it is working closely with SIT's management

[R-BgO]

FATA Automation delivers solar panel lamination lines

Posted by Debasish Choudhury on 23 April 2009 at 11:16

FATA Automation, Inc. has announced their expansion into the alternative energy sector by delivering a number of automated lamination lines to Rochester Hills based Uni-Solar Ovonic, a subsidiary of Energy Conversion Devices, a supplier of thin film PV solar panels.

The full turn-key installation of these systems is just the beginning for FATA Automation, Inc.

"We are very excited about the growing alternative energy market here in Michigan and we continue to adjust our sales forecasts to keep up with this new industry." Said Martin Wright, President and CEO of FATA Automation, Inc. "We are currently pursuing other areas within this market as well, such as wind power, battery systems and alternative fuel vehicles and plan to continue our diversification efforts in the near future."

FATA Automation is global company with a strong background in automated material handling and production systems, typically seen at most of the current automaker facilities. It's with this background and their vast engineering capabilities that places them in the perfect position for future success.

[SLGramann]

ROCHESTER HILLS, Mich., May 7 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER) today announced that it has begun implementing a planned temporary production furlough in the fiscal fourth quarter ending June 30, 2009.

The furlough has begun in Tijuana, and will continue for the first two weeks of May and also the first two weeks of June. The company will temporarily suspend production at its Auburn Hills and Greenville sites on May 17, 2009. Production is expected to resume at Auburn Hills on June 7, 2009 and on Greenville on June 14, 2009. The company is taking these steps to manage its production volumes due to uncertain near-term demand.

The company will discuss this furlough in greater detail on its third quarter earnings release conference call scheduled for 10:00am ET on Monday, May 11, 2009. As a result of this furlough, we expect to save approximately $6 million in costs during the quarter.

[icemen]

Antwort auf Beitrag Nr.: 31.639.986 von meinolf67 am 18.09.07 09:25:39

Energy Conversion Devices bricht um 20 Prozent ein

http://aktien-boersen.blogspot.com/2009/05/energy-conversion…

[R-BgO]

May 11, 2009

Energy Conversion Devices Reports Revenues of $66 Million and Earnings per Share of $0.03 for Third Quarter of Fiscal 2009


*

Market Headwinds Continue, Cutting Back Costs and Production
* Company Maintains Focus on Demand Creation, Positioning for Future Growth

Rochester Hills, Mich., May 11, 2009 - Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced financial results for its third quarter of fiscal 2009, ended March 31, 2009.

Total consolidated revenues for the quarter were $66.0 million, compared to $70.0 million in the third quarter of fiscal 2008 and $103.1 million in the second quarter of fiscal 2009. Solar product sales were $59.7 million compared to $64.9 million in the same quarter last year, and $97.3 million in the second quarter of fiscal 2009.

Net income for the third quarter was $1.3 million or $0.03 per fully diluted share compared to net income of $7.0 million or $0.17 per fully diluted share in the year-ago period. This compares to net income of $14.2 million or $0.33 per fully diluted share in the second quarter of fiscal 2009.

Third quarter net income and per-share figures include preproduction costs of $1.3 million or $0.03 per share, and restructuring costs of $139,000 or less than $0.01 per share. Gross margin on solar product sales in the third quarter was 29.2 percent and consolidated gross margin was 31.6 percent. United Solar Ovonic produced 33.3 MWs of solar laminates in the third quarter.

For the nine months ended March 31, 2009, total consolidated revenues were $264.9 million compared to $173.5 million in the prior year. Solar product sales were $246.4 million for the first nine months of fiscal 2009 compared to $154.5 million for the prior year. Net income for the first nine months of fiscal 2009 was $28.2 million or $0.66 per fully diluted share versus a net loss of $6.0 million or a net loss of $0.15 per fully diluted share in the year-ago period. Cumulative net operating cash flow for the first nine months of fiscal 2009 was $33.7 million versus $12.5 million during the first nine months of fiscal 2008.

Mark Morelli, ECD's president and chief executive officer said, "The global market continues to be difficult, with the biggest challenge being the sufficiency of project financing and our customers' continued access to capital. We are actively managing our business through this uncertain period by focusing on demand creation, preservation of capital, and reduction of costs. We are also working more closely with our downstream partners so that we are well-positioned for continued growth as the economy recovers."

Conference Call / Webcast Details
Management of Energy Conversion Devices will review these financial results on a conference call on Monday, May 11, 2009, at 10:00 a.m. ET. The dial-in number for the live audio call is 877.858.2512 or 706.634.6076 (international) with conference ID number 97059907. The conference call will be webcast live over the Internet and can be accessed in the Investor Relations - Conference Calls section of the company's website at www.ovonic.com.

An audio replay of the call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until 11:59 p.m., May 13, 2009, and can be accessed by dialing 800-642-1687 or 706-645-9291 (international), with conference ID number 97059907. The webcast will also be archived on the company's website.

[R-BgO]

Energy Conversion Devices and Enfinity Announce Framework Agreement for Co-Development of Solar Projects

Rochester Hills, Mich., and Waregem, Belgium, May 11, 2009 - Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER) and Enfinity, NV today announced plans to co-develop a portfolio of rooftop solar installations throughout the U.S., as well as in numerous European countries, including Belgium, Germany, France, Italy, Spain and the Czech Republic.

ECD and Enfinity have identified approximately 10MW of projects that they will collaborate on in the short term. ECD, through its wholly owned subsidiary, United Solar Ovonic, will contribute UNI-SOLAR® brand photovoltaic laminates in exchange for equity in the projects. Enfinity will serve as project manager and lead the financing efforts for the projects. ECD and Enfinity expect to sell completed projects to third-party investors within 12 months of the start of commercial operation.

Mark Morelli, ECD's president and CEO, said, "This Framework Agreement is an example of how we are implementing our demand-creation strategy. Enfinity is an excellent partner, with significant experience in developing and installing rooftop and BIPV applications in our focused geographic markets. We are enthusiastic about the opportunities that this agreement affords us, and will be working aggressively with Enfinity to finalize the projects and begin construction."

Gino Van Neer, CEO of Enfinity stated, "We are pleased to partner with ECD and United Solar in our development efforts. Their unique photovoltaic laminates not only produce more energy per rated watt in real-world conditions, they also are the perfect solution for building-integrated systems where the integrity of the rooftop is preserved, and in many markets where the incentives are greater."

[SLGramann]

Antwort auf Beitrag Nr.: 37.144.322 von R-BgO am 11.05.09 14:39:54

Eine Sache fällt mir gleich ins Auge:

Der Lagerbestand ist im Quartalsverlauf von 44 Mio. Dollar auf 66,3 Mio. Dollar gestiegen. Ein Plus von 22,3 Mio. Dollar oder +50%!

Der reine Solarumsatz sieht mit 60,2 Mio. Dollar ziemlich gräßlich aus. Sie haben 33,3 MW produziert - aber das Zeug ist halt ins Lager gewandert und nicht zu Kunden.


Mal sehen, welche ASPs sie melden werden. Ich kalkuliere mit nur noch 2,47 Dollar / Watt. Das wäre ein heftiger Einbruch - was aber logisch wäre!

Bei einem geschätzte ASP von 2,47 Dollar hätten sie mal gerade 24 MW absetzen können. 9 MW dürften im Lager gelandet sein.

Warten wir mal auf den CC...

[R-BgO]

Antwort auf Beitrag Nr.: 37.145.390 von SLGramann am 11.05.09 16:22:50

Si Señor!

[R-BgO]

Sie wollen als Investor in Projekte gehen; "18-20 months" Zeithorizont...


nicht ungefährlich

[SLGramann]

Sie haben im CC keinen ASP genannt. Sehr schade.

Angeblich ist der Preis aber nur leicht gefallen. Er muss aber sehr deutlich unter 3 Dollar liegen, sonst machen die gemeldeten Zahlen keinen Sinn.

Wir haben folgende Daten:

solar product sales: 59,7 Mio. Dollar
value of finished goods inventory: 27 Mio. Dollar

produzierte Leistung in MW: 33,3

Wenn man die oberen beiden Zeilen summiert, kommt man auf einen "Produktionswert" von 86,7 Mio. Dollar.

Bei 33,3 MW entspricht dies einem ASP von 2,60 Dollar.

Das liegt zwar über den von mir geschätzten 2,47 Dollar, aber man kann ja auch nicht davon ausgehen, dass die gesamte Position "value of finished goods inventory" nur im letzten Quartal aufgebaut wurde.

Nehmen wir an, diese Position ist - mit dem Gesamtlagerbestand - um 50% gewachsen, dann betrug ihr Nettozuwachs 9 Mio. Dollar im letzten Quartal.

So ergäbe sich aber nur ein Produktionswert von 68,7 Mio. Dollar, was einem ASP von gerade mal 2,06 Dollar entspräche. Das kann natürlich auch nicht stimmen. Die Wahrheit leigt sicher viel näher an 2,60 als an 2,06 Dollar.

Kann jemand diese Überlegungen verbessern?

----------

Enttäuschend war, dass man sich zur gegenwärtigen Nachfrage extrem verhalten geäußert hat. Der Markt ist aus Sicht von ENER weiterhin tot. Nicht mal ein Ausblick aufs lfd. Quartal war drin, obwohl das schon halb vorbei ist.

Was ich noch überhaupt nicht wusste, war, dass sie eine kleine Fertigung (zumindest die Laminierung) in China für China aufbauen. Es geht wohl um 15 MW, die im Herbst fertig sein sollen und für China produzieren sollen. Oder hab ich das falsch verstanden?

Hier der Link zum Transkript:

http://seekingalpha.com/article/136974-energy-conversion-dev…

[R-BgO]

Antwort auf Beitrag Nr.: 37.151.556 von SLGramann am 12.05.09 10:28:53

Wo hast du denn die 33,3 MW her? Habe nichts gefunden...

[R-BgO]

Antwort auf Beitrag Nr.: 37.096.859 von R-BgO am 05.05.09 10:49:08

jetzt kommt diese Meldung, wenn ich auf die SIT-Homepage zugreifen will:


"Insufficient system resources exist to complete the requested service."

oh, oh,...

[R-BgO]

May 7, 2009, 12:41 pm
Energy Conversion Devices: Big Customer In Cash Crunch
Posted by Eric Savitz

Trouble is brewing for Energy Conversion Devices (ENER).

Yesterday, the company noted in a press release that one of its largest customers, London-listed Solar Integrated Technologies (SIT.L) has discontinued discussions with a commercial lender on a new line of credit, and extended its current loan agreement with a unit of General Electric until July 3. Solar Integrated itself had announced that news a day earlier, also noting that it has hired Thomas Weisel Partners to consider strategic alternatives for the company, including a possible sale or financing. On March 31, Solar Integrated had announced a previous extension of its credit agreement with GE to May 15, in the process cutting the exercise price of warrants GE holds. Solar Integrated makes building-integrated photovoltaic systems, incorporating components from ENER.

MLive.com, a site associated with a group of Michigan newspapers, reported yesterday that ENER’s United Solar Ovonic unit is suspending production, putting 425 employees at its Greenville, Michigan plant on furlough until June 17. The company is also shutting down its Auburn Hills, Michigan facility for three weeks, starting May 17. A spokesman told MLive.com that the company is “adjusting production to meet market demands.”

Cowen analyst Robert Stone today said the plant shutdowns - and delayed equipment installation on 4 planned new production lines - suggests that March and June quarter results could be materially below current Street estimates, with FY Q4 ending June potentially down sequentially from Q3. He says it is possible the company will only break even in FY 2010; his current estimate is 83 cents. For FY 2011, he says EPS could drop to $1, from his current estimate of $1.85. He says that ENER’s BIPV solution “remains attractive for installations that combine PV with a newly built or replacement roof,” but that this application “may be even more susceptible to credit constraints than conventional PV projects.”

Wedbush Morgan analyst Al Kaschalk notes that in May 2008, Solar Integrated had signed a take-or-pay contract with ENER for more than 100 MW of supply through 2012. He says the company comprised 12%-15% of revenue to ENER in the first half of the current fiscal year. Kaschalk today sliced his FY 2009 EPS estimate to 68 cents from 72 cents; for FY 2010 he goes to $1.63, from $2.13.

ENER is scheduled to report March quarter results on Monday.

ENER today is down $3.62, or 18.2%, to $16.26. In London trade, Silicon Integrated today fell 13.5%.

[R-BgO]

Mein Vorschlag:

ENER erwirbt SIT durch Aktientausch.

[SLGramann]

Antwort auf Beitrag Nr.: 37.151.673 von R-BgO am 12.05.09 10:40:15

Die sind direkt in der Pressemeldung (4. Absatz) genannt:

United Solar Ovonic produced 33.3 MWs of solar laminates in the third quarter.

[SLGramann]

Antwort auf Beitrag Nr.: 37.152.403 von R-BgO am 12.05.09 11:44:58

Na ja, wenn da keine allzu stinkigen Leichen im Bilanzkeller sind...

[R-BgO]

Antwort auf Beitrag Nr.: 37.152.757 von SLGramann am 12.05.09 12:17:13

sorry; gepennt

[R-BgO]

Antwort auf Beitrag Nr.: 37.152.778 von SLGramann am 12.05.09 12:18:45

also per 30.6.2008 war die Bilanz eher unspektakulär:

structured finance und Lieferantenverbindlichkeiten je etwa 13 MUSD; EK 26 MUSD; Bilanzsumme 84 MUSD

Wenn da Leichen sind, dann sollten die eher aus H2 stammen.

Und da warten wir ja drauf.


Mir hatte an SIT gefallen, daß sie offenbar "repeat customers" generiert haben. Trotz hohem Preis.

Eben was differenziertes.



Sag' mal, kennst Du eigentlich Carmanah aus Kanada?

Die haben auch ein echt differenziertes Produktangebot. Waren schon fast hinüber, aber scheinen sich jetzt zu berappeln; Zahlen sind für heute angekündigt. der Kurs hat sich in den letzten Monaten schon mal gut verdoppelt.

[ecdfan]

Die Wahrheit über ECD/Unisolar?

http://ecdfan.blogspot.com/

[SLGramann]

Antwort auf Beitrag Nr.: 37.155.411 von ecdfan am 12.05.09 15:53:38

Beeindruckender Blog! Glückwunsch!

Ich lag mit meiner ASP-Schätzung offensichtlich arg daneben.

Allerdings sind nach Deiner Berechnung, die ich nicht bezweifle, 13 MW auf Lager produziert worden, was einem Wert von fast 38 Mio. Dollar entspräche...

[ecdfan]

Antwort auf Beitrag Nr.: 37.158.240 von SLGramann am 12.05.09 19:53:15

SLGramann,

Danke!

Regarding inventories: It is a bit more complicated than that. Yes, production was 33.3MWs, and estimated shipments were 20.4MWs. So, yes, inventory would have increased by 12.9MWs in the March 2009 qtr, but only if they did not write off some inventory in the qtr (for example, throw a few defective laminates in the garbage).

So did they write off inventory? The answer is: no, according to the disclosures in the 10Q.

Here is why:

The formula for writeoffs is the following:

writeoff = = allowance_for_obsolescence1 + Provision_for_slow_moving_and_obsolete_inventory - allowance_for_obsolescence2

Provision_for_slow_moving_and_obsolete_inventory for the March qtr can be calculated from the lines in the cash flow statements for the 9mths ending March and and 6mths ending December qtrs ($6.616mill - $3.893mill) = $2.723mill

the allowances for obsolescence can be obtained from the "Note C – Inventories" sections in the December 10Q and the March 10Q.

So writeoff = $8.682mill + $2.723mill - $11.405mill = 0

Thus, there were no writeoffs (no "defects"), and yes, inventory should have increased by 12.9MWs in the March qtr, to something like 15MWs. And finished goods inventory was valued at $27.369mill at March end (which is, at the lower of FIFO cost or estimated market price), according to "Note C – Inventories."

All this is, of course, quite strange, as Unisolar's aggressive revenue recognition policy allows them to recognize revenues immediately by notifying the customer that the product is ready for pick up (that is, inventory should have been always very, very small - just 1 to 5 days worth of sales). The fact that Unisolar now has so much inventory means that some customers are actively refusing to accept inventory or to pay Unisolar.

[SLGramann]

Ich habe mein Engagement beendet. Leider mit deutlichem Verlust. Grund ist, dass ich nicht sehe, wie es ENER schaffen soll, die Kosten schnell genug zu senken, um mit c-Si mithalten zu können. Ich rechne bis Jahresende mit c-Si-Modulpreisen von 2 Dollar / Watt. Im nächsten Jahr sind 1,5 Dollar zumindest vorstellbar. Wenn ENER in einigen Jahren wirklich für 1 Dollar / W produziert und auch die Moduleffizienz heben kann, dann haben sie eine gute Chance. Ich will darauf aber nicht länger wetten.

[R-BgO]

Energy Conversion Devices Extends Supply Agreement With EnergyPeak Through 2011

Rochester Hills, Mich., June 9, 2009 - Energy Conversion Devices, Inc. (NASDAQ: ENER) (ECD), a manufacturer of proprietary, thin-film amorphous silicon-based photovoltaic (PV) laminates, announced that it has extended its supply agreement with EnergyPeak. EnergyPeak expects to continue its aggressive growth rate and purchase up to 12MW of UNI-SOLAR® laminates from ECD through the end of 2011. These laminates will be incorporated into building-integrated photovoltaic systems on standing seam metal commercial roofs.

"EnergyPeak is an excellent partner for ECD, and we are working together to drive UNI-SOLAR sales through a network of approximately 30 metal roofing providers who are experts in rooftop installations. EnergyPeak's innovative metal roofing products incorporating our laminates are helping to promote the adoption of solar rooftop solutions across the United States," said Mark Morelli, president and CEO of Energy Conversion Devices.

EnergyPeak will integrate UNI-SOLAR brand PV laminates into building-integrated PV (BIPV) systems in standing seam metal commercial rooftop applications. The result is a practical solar roofing option that can be specified, bid, and installed with minimal effort and investment. PV laminates are applied in the factory and arrive at the project site already integrated into the roof. Once installed, the building immediately benefits from the solar roofing system and can begin immediately to offset its energy consumption. The pre-designed, affordable and highly efficient solar roofing systems are now readily available to owners and architects through a variety of EnergyPeak providers comprised of nationwide standing seam manufacturers.

"Since our original agreement with ECD in 2007, we have been very successful in establishing BIPV standards for standing seam metal roofs," said Rick Mowrey, president of EnergyPeak. "We have been very pleased with our relationship with ECD, and the quality and output of the UNI-SOLAR laminates. We look forward to continuing to work together to provide leading solutions that incorporate PV technology into standing seam metal roofing."

About EnergyPeak:
EnergyPeak was formed by CENTRIA Services Group, in partnership with United Solar, in 2007 with the goals of advancing the efficient and affordable integration of solar technology with standing seam metal roofing, and promoting the adoption of building integrated photovoltaic solar standing seam on behalf of the entire standing seam industry. As a result of EnergyPeak, standardized, affordable and highly efficient solar roofing is now readily available to owners and architects through EnergyPeak providers. These providers are comprised of nationwide standing seam manufacturers.

About CENTRIA Services Group:
Based in Pittsburgh (Moon Township, Penn.), CENTRIA Services Group is a division of CENTRIA, an international company and a leading U.S. supplier of architectural metal wall and roofing systems used in commercial/industrial projects. Since 1906, CENTRIA professionals have provided quality products and services for architectural and construction firms worldwide. For more information about CENTRIA call 412-299-8218 or visit www.CENTRIA.com.

[ecdfan]

The real story about EnergyPeak can be found here:

http://ecdfan.blogspot.com/2009/06/energypeak-out-of-this-wo…

The laws of this Universe do not apply to them, apparently.

This is another fake contract, just like the Enfinity and the Inovateus ones.

[KayTi]

heute ging es ordentlich nach unten...

jetzt wieder deutlich unter 11 Euro, Zeitpunkt um einzusteigen?

[ecdfan]

KayTi: Nimmer?

[KayTi]

gut das ich noch abgewartet hatte, nach heute werd ich wohl erstmal weiterschauen, wie sich der kurs die Tage entwickelt...

aber wieso nicht rein?

[SLGramann]

Antwort auf Beitrag Nr.: 37.452.436 von KayTi am 23.06.09 20:06:06

Was heißt: "wieso nicht rein?"


Müsstest Du nicht viel mehr versuchen, Argumente zu finden, warum Du kaufen willst?

[marchl]

http://www.finanznachrichten.de/nachrichten-2009-07/14327346…

JP Morgan ändert Ratings im Solarsektor
New York (BoerseGo.de) – JP Morgan forderte Investoren auf, eine defensivere Haltung gegenüber Solarwerten einzunehmen, und sich auf Aktien zu konzentrieren, die irgendeinen Support Level erreicht haben - wie z. B. Evergreen Solar, die von „untergewichten“ auf „übergewichten“ hochgestuft wurden. Energy Conversion Devices wurden mit „übergewichten“ initiiert.

[ecdfan]

Der JP Morgan Analyst ist ein Idiot.

http://ecdfan.blogspot.com/2009/07/cash-preservation.html

[R-BgO]

July 13, 2009

Energy Conversion Devices Announces Sale of Cobasys to SB LiMotive

Arbitration with Chevron Technology Ventures LLC and Litigation with Mercedes Benz U.S. International Inc. are Settled



Rochester Hills, Mich., July 13, 2009 - Energy Conversion Devices, Inc. (NASDAQ: ENER) (ECD), a leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced that its subsidiary, Ovonic Battery Company, Inc. (OBC), and Chevron Technology Ventures LLC (CTV) have sold their respective membership interests in Cobasys LLC to SB LiMotive Co. Ltd. (SBL).

Cobasys designs, develops and manufactures integrated energy storage systems principally for hybrid electric vehicles. Certain elements of Cobasys' nickel metal hydride technology rely on patents originated by OBC and ECD. SBL is a joint venture between Samsung SDI Co., Ltd. and Robert Bosch GmbH formed to develop, manufacture, and sell batteries for automotive applications.

Prior to the sale, Cobasys assigned to OBC and CTV the right to receive 20% and 80%, respectively, of future royalties payable to Cobasys by Panasonic EV Energy Co., Ltd. (PEVE) under a patent license agreement that provides for royalties through 2014. Royalties totaling approximately $6.5 million received by Cobasys since January 2008 under this license agreement were also distributed to OBC and CTV, with OBC receiving approximately $1.3 million. In addition, Cobasys restructured its intellectual property licenses with ECD and OBC so that OBC has royalty-free, exclusive rights to the technology for defined non-transportation uses and Cobasys has royalty-free exclusive rights for defined transportation uses.

The transaction coincides with settlement of a pending lawsuit against Cobasys filed in August 2008 by Mercedes Benz U.S. International, Inc. (MBUSI). In connection with settling the lawsuit, OBC paid MBUSI $1.1 million from the $1.3 million in royalties distributed to it by Cobasys and entered into a mutual release with MBUSI of all Cobasys-related claims.

In connection with these transactions, CTV and OBC and ECD settled and jointly dismissed their pending arbitration without any finding of financial liability. The parties entered into mutual releases and agreed to the terms of the Cobasys sale transaction.

[R-BgO]

July 14, 2009

Energy Conversion Devices Signs Supply Agreement With Inovateus Solar

Rochester Hills, Mich., July 14, 2009 - Energy Conversion Devices, Inc. (NASDAQ: ENER) (ECD), a manufacturer of proprietary, thin-film amorphous silicon-based photovoltaic (PV) laminates announced that it has signed a supply agreement with Inovateus Solar. Inovateus expects to purchase up to 10MW of UNI-SOLAR® laminates from ECD through the end of 2011.

"This new agreement with Inovateus Solar is another example of how we are working together with our distribution partners to further establish UNI-SOLAR laminates as the leader in rooftop PV. We look forward to expanding our relationship with Inovateus Solar," said Mark Morelli, president and CEO of Energy Conversion Devices.

Inovateus Solar will use UNI-SOLAR brand PV laminates for building-integrated photovoltaic systems in commercial rooftop applications.

"We are very excited to continue to grow our relationship with United Solar Ovonic. We've found that UNI-SOLAR products provide an array of benefits that other photovoltaic brands can't offer. We believe this agreement for 10MW's is a conservative estimate and our actual numbers should well supersede this," said T.J. Kanczuzewski, Executive Vice President of Inovateus Solar.

[ecdfan]

Rock on with Inovateus!

http://ecdfan.blogspot.com/2009/05/rock-on.html

[R-BgO]

22.07.2009 08:02
Energy Conversion Devices and Solar Integrated Technologies Sign Definitive Merger Agreement / Field Engineering and Technical Capabilities of Combined Organizations to Enhance Customer Experience

ROCHESTER HILLS, Mich., LOS ANGELES, Calif., and LONDON, July 22 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD) , the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, and Solar Integrated Technologies, Inc. (SIT) (AIM: SIT.LN), a leading provider of building integrated photovoltaic (BIPV) roofing systems, today announced that they have signed a definitive agreement pursuant to which ECD will acquire SIT.

Under the terms of the agreement, ECD will pay 6.75 pence in cash (or approximately $0.11) for each share of SIT (the "Merger Consideration") or approximately $11.2 million. Including the assumption of SIT's net debt obligations, the purchase price will be approximately $16.3 million. ECD plans to finance the acquisition from existing corporate funds.

Mark Morelli, ECD's president and chief executive officer said, "The acquisition of SIT enhances our BIPV value proposition by significantly improving our field engineering and technical capabilities in rooftop solar to better support our channel partners in Europe and the U.S. Our combined organization will also be well positioned to meaningfully participate in the expected growth in the U.S. market, including under the stimulus plan. We are extremely pleased to welcome SIT's talented organization to our team."

"We are excited to join forces with the world's leader in building integrated and commercial rooftop photovoltaics," stated R. Randall MacEwen, president and chief executive officer of SIT. "As one of ECD's largest customers, we have experienced first-hand the differentiated attributes of UNI-SOLAR PV laminates, and their impressive power production performance in real world conditions. We see compelling synergies between SIT's customer relationships, end market knowledge and system integration expertise and ECD's focus on operational excellence."

The transaction is subject to customary closing conditions, including the approval of SIT's shareholders. SIT's board of directors has unanimously recommended that shareholders vote in favor of the agreement. All of SIT's directors who hold common shares, representing a total of 11.5% of SIT's outstanding shares, have entered into agreements to vote their shares in favor of the merger agreement. SIT expects to issue a proxy circular within the next 10 days and hold a shareholders' meeting to consider the transaction on August 19, 2009, or as soon as practicable thereafter (the "Effective Date"). The transaction is expected to close within 60 days.

On the Effective Date, the common shares of SIT will be cancelled and automatically be converted into a non-tradable right to receive the Merger Consideration. SIT hereby gives notice for the purposes of AIM Rule 41 that the listing of the Common Shares of SIT on AIM will be cancelled at 07:00 a.m. (London time) on August 20, 2009 (the "Cancellation"). SIT shareholders should note that a separate resolution to approve the Cancellation will not be put to shareholders at the shareholders' meeting on August 19, 2009 and that trading in SIT's shares will cease after the Effective Date.

Credit Suisse is acting as financial advisor and Covington&Burling LLP is acting as legal advisor to ECD. Thomas Weisel Partners LLC is acting as financial advisor to SIT and has provided a fairness opinion to SIT's board of directors. Greentech Capital Advisors is also acting as financial advisor and Jones Day is acting as legal advisor to SIT.

[SLGramann]

Antwort auf Beitrag Nr.: 37.619.673 von R-BgO am 22.07.09 08:46:52

Hi, da erinnere ich doch mal an Dein Post #137. Man hört auf Dich...

[R-BgO]

28.07.2009 14:13
Johns Manville's E3 Company and Energy Conversion Devices to Deliver Photovoltaic Systems for Commercial Roofs

DENVER and ROCHESTER HILLS, Mich., July 28 /PRNewswire-FirstCall/ -- Johns Manville (JM), a leading global manufacturer of an extensive line of energy-efficient building products, and Energy Conversion Devices, Inc. (ECD) , a manufacturer of proprietary, thin-film amorphous silicon-based photovoltaic (PV) laminates announced that they have reached a multi-year agreement for ECD to supply its UNI-SOLAR laminates to Johns Manville. To support its entry into the field of solar energy, JM has created and will market its unique capability through a new business entity, the JM E3 Company, more informally known as E3 Co.

According to Fred Stephan, vice president and general manager of the Roofing Systems business for Johns Manville, "This further strengthens our leadership in sustainable roofing. We are excited to partner with ECD to incorporate their lightweight, flexible and durable UNI-SOLAR laminates into our single ply, built-up and modified bitumen roofing membrane systems. Supported by JM's 150 years of commercial roofing experience and ECD's expertise in building-integrated photovoltaics, this agreement is our first step in offering a range of new solar-energy producing roofing products to our customer base."

Mark Morelli, ECD's president and CEO, said, "Johns Manville is well known for being a leading provider of high-quality commercial roofing products. We look forward to working with them to advance the adoption of clean, renewable power in the form of rooftop solar technology."

At less than one pound per square foot, UNI-SOLAR laminates are lightweight, non-intrusive and require no rooftop penetrations or mounting systems, eliminating the negative impact on roof life and performance that is associated with penetrating PV systems. Additionally, these thin-film PV laminates provide a solid return on investment through a low installed cost and low cost-per-kilowatt-hour of energy produced when compared to traditional rigid glass panel PV alternatives.

About Johns Manville

Johns Manville, a Berkshire Hathaway company , is a leading manufacturer and marketer of premium-quality products for building insulation, mechanical insulation, commercial roofing, and roof insulation, as well as fibers and nonwovens for commercial, industrial, and residential applications. JM serves markets that include aerospace, automotive and transportation, air handling, appliance, HVAC, pipe and equipment, filtration, waterproofing, building, flooring, interiors, and wind energy. In business since 1858, the Denver-based company holds leadership positions in all of the key markets that it serves. JM employs approximately 7,000 people and operates 40 manufacturing facilities in North America, Europe and China. Additional information can be found at http://www.jm.com/.

[R-BgO]

Antwort auf Beitrag Nr.: 37.619.983 von SLGramann am 22.07.09 09:28:31

Fast; sie haben cash genommen.

Könnte man als Votum für die Aktie werten.

[R-BgO]

Berkshire-Owned Roofing Giant Johns Manville Inks Deal with Energy Conversion Devices
by: Greentech Media July 29, 2009 | about: BRK.A / BRK.B / ENER


By Ucilia Wang

A heavyweight is entering the solar roofing business.

Johns Manville, a Berkshire Hathaway (BRK.A) company with 151 years of history, has inked a multi-year deal with Energy Conversion Devices (ENER) to buy flexible thin films made by ECD's subsidiary, United Solar Ovonic, that it will then incorporate into roofing materials.

The Denver-based company also created a new company called JM E3 Co. to market eco-friendly products for the commercial rooftop market. This could mean competition for people like Serious Materials and Aspen Aerogels, who have teamed up on energy efficient insulation, or Photosolar, which make integrated window films that repel solar heat. Manville already produces a myriad of insulation products for markets including aerospace, automotive and wind energy.

"Until now solar has not a great return on investments," said Sarah Tholen, a marketing and communications manager at Johns Manville. "With the economic stimulus package there are a number of drivers that make solar an attractive value proposition."

In the past, a return on investment for installing solar on rooftops could take 17 years, Tholen said. That window has shrunk to about six to seven years, she added.

Johns Manville's foray into solar roofing products reflects the growing interest in building-integrated solar products, which remain a tiny market with low-efficiency products.

Unlike many rooftop solar energy systems today that use solar panels with mounting systems, installing flexible solar thin films such as those made by Uni-Solar would require no roofing penetration or racks. That could shave installation costs and reduce the likelihood of leaky roofs and other problems. Integrated solar roofs also could be more aesthetically pleasing.

Makers of copper-indium-gallium-selenide (CIGS) thin-film are going after the commercial rooftop market, though many of them are in pre-commercialization stages.

Solyndra, in Fremont, Calif., seems to have made more progress in tackling the roofing market. Last November, CIGS thin film developer said it had signed a $320 million deal with roofing system maker Carlisle Construction Materials, which is based in Carlisle, Penn.

The deal with ECD marks the first commercial product launch for Johns Manville, which has considered adding solar energy generation systems to its lineup for several years.

Under the agreement, Uni-Solar would ship its thin films to Johns Manville's factory in Scottsboro, Ala., where they would be assembled into Johns Manville's thermalplastic polyolefin (TPO) roofing membranes, Tholen said.

Johns Manville also will offer another product that combines the thin films with its bitumen roofing offering, said Brad Burdic, group manager for owner services at Johns Manville. This product requires customization, so it's not an off-the-shelf solution like the one with TPO.

Bitumen systems are the oldest products for the roofing industry, Burdic said. But the newer TPO membranes account for the fastest growing segment, and they cost less, he added. TPO membranes also meet California's cool roof requirements.

California and New Jersey are two states that promise to be strong markets for the solar roofing products, thanks to strong state incentives for solar, Tholen said.

JM E3 plans to sell its new roofing products for the low-slope commercial roofing market, Tholen said. The company expects to see the first installations during the first half of 2010, she added. She declined to disclose the value of the company's contract with ECD.

Johns Manville opted for Uni-Solar's thin films because they are ready to be integrated into conventional roofing materials, even though those thin films aren't as efficient at converting sunlight into electricity as other thin films under development, Tholen said.

Uni-Solar uses amorphous silicon as the key ingredient for its thin films, which have about 6 percent to 7 percent efficiency.

"We are looking at more efficient products, including monocrystalline and multicrystalline silicon," Tholen said. "Generally, our interest would be in systems with very limited roof penetration."

Silicon solar panels are more expensive for integrating into roofing systems, she added. Most of them also are glass panels that require racks to support them.

There are companies such as Redwood Renewables that are putting crystalline silicon cells in roofing tiles, however (see Getting Solar Energy Cheap and Easy).

[R-BgO]

Energy Conversion Devices and Mercury Solar Systems Sign Multi-Year Supply Agreement for Photovoltaic Laminates

Rochester Hills, Mich. and New Rochelle, N.Y., Aug. 12, 2009 - Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), a manufacturer of proprietary, thin-film amorphous silicon-based photovoltaic (PV) laminates, and Mercury Solar Systems (Mercury), one of the leading solar integrators on the East Coast, today announced that they have signed a multi-year direct supply agreement.

Mark Morelli, ECD's President and CEO, said, "This agreement expands the distribution of our UNI-SOLAR® brand products in eastern United States, a market which we think has a tremendous growth potential. Mercury is an ideal partner given their expansive commercial infrastructure and successful experience in installing our products over the past several years. We look forward to working with them to grow the commercial rooftop solar market on the East Coast."

Under the terms of the agreement, ECD will sell UNI-SOLAR laminates to Mercury, and will provide technical training and aid in the design of future solar PV systems installed by Mercury's team. Mercury will become a direct integrator of ECD's UNI-SOLAR brand products, and expects to purchase approximately 15MW of laminates over the term of the agreement.

Jared Haines, President, Mercury Solar Systems, said, "We have consistently been attracted to UNI-SOLAR products because of their flexibility, light weight, ease of installation, durability, and real-world performance. They offer the highest kWh per kW installed and are great for new roof installations especially in high wind areas." He added, "Our partnership with ECD is just further validation of Mercury's unwavering commitment to provide our customers with the highest quality products at the most affordable prices."

At less than one pound per square foot, UNI-SOLAR laminates are lightweight, nonintrusive and require no rooftop penetrations or mounting systems, eliminating the negative impact on roof life and performance that is associated with penetrating PV systems. Additionally, these thin-film PV laminates provide a solid return on investment through a low installed cost and low cost per-kilowatt-hour of energy produced when compared to the traditional rigid glass panel PV alternatives.

About Energy Conversion Devices
Energy Conversion Devices is the leader in building-integrated and commercial rooftop photovoltaics, one of the fastest growing segments of the solar power industry. The company manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR® brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. For more information, please visit www.energyconversiondevices.com.

About Mercury Solar Systems
Mercury Solar Systems is one of the leading solar integrators on the East Coast. The company designs and installs solar electric and solar thermal energy systems for the commercial and residential marketplace and to date has installed hundreds of solar systems totaling several million watts of energy. Mercury Solar Systems is a subsidiary of Mercury Energy (formerly Aquus Energy), a leading provider of solar energy systems throughout the United States, and backed by Oppenheimer & Company. For more information visit www.mercurysolarsystems.com.

[MalerWilhelmBartsch]

Habe soeben meine erste Position ENER bei 12,90 USD gekauft. -les Investment!

Gruß Wilhelm Bartsch, Kunstmaler

[R-BgO]

August 19, 2009

Energy Conversion Devices Completes Merger With Solar Integrated Technologies

Rochester Hills, Mich. - August 19, 2009 - Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, announced today it has completed its merger with Solar Integrated Technologies, Inc. (SIT), a leading provider of building integrated photovoltaic (BIPV) roofing systems. SIT is now a wholly owned subsidiary of ECD.

"This merger strengthens and diversifies our business," said Mark Morelli, president and CEO of ECD. "This merger is an important element of our future growth plans as ECD transitions from manufacturing and selling a product to a company that provides complete solar solutions and value-added services."

The company will provide additional information on the strategic aspects of the merger during the company's fiscal fourth quarter and year-end press release and conference call scheduled for August 27, 2009.

Credit Suisse Securities (USA) LLC acted as financial advisor and Covington & Burling LLP acted as legal advisor to ECD. Thomas Weisel Partners LLC and Greentech Capital Advisors acted as financial advisors and Jones Day acted as legal advisor to SIT.

[R-BgO]

27.08.2009 14:05
Energy Conversion Devices Reports Revenues of $316 Million and Earnings Per Share of $0.29 for Fiscal Year 2009 / Solar Integrated Merger Opens New Markets, Adds Capabilities to Reduce Total Installed Costs; Company Maintains Strong Financial Position

ROCHESTER HILLS, Mich., Aug. 27 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD) , the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced financial results for its fourth quarter and fiscal year ended June 30, 2009.

Total consolidated revenues for the quarter were $51.4 million compared to $82.4 million in the fourth quarter of fiscal 2008 and $66.0 million in the third quarter of fiscal 2009. Solar product sales for the quarter were $46.0 million compared to $77.0 million in the same quarter last year and $59.7 million in the third quarter of fiscal 2009.

For the fourth quarter, the company reported a loss of $15.8 million or a loss of $0.37 per fully diluted share compared to a net income of $9.9 million or $0.24 per fully diluted share in the year-ago period. This compares to net income of $1.3 million or $0.03 per fully diluted share in the third quarter of fiscal 2009.

For the fiscal year ended June 30, 2009, total consolidated revenues were $316.3 million compared to $255.9 million in the prior year. Solar product sales were $292.4 million for fiscal 2009 compared to $231.5 million for the prior year. Net income for fiscal 2009 was $12.5 million or $0.29 per fully diluted share versus net income of $3.9 million or $0.09 per fully diluted share in the year-ago period. Net operating cash flow for fiscal 2009 was $11.1 million versus $28.5 million during fiscal 2008.

Mark Morelli, ECD's President and Chief Executive Officer, said, "Demand for solar products in our target markets weakened further from the third quarter into the fourth quarter as commercial construction declined, building owners deferred reroofing projects, and project financing constraints continued. In response, we took deliberate steps to reduce our production levels to better match anticipated demand and to preserve strategically important capital at a time of capital market uncertainty. We pulled back on production and expansion, and reduced fixed and variable costs. These actions had a significant impact on our operating income for the second half of our fiscal year, but helped maintain positive full year cash flow."

"We are driving our demand creation activities in and beyond our core building integrated photovoltaic markets. This is highlighted by our acquisition of Solar Integrated Technologies (SIT) which expands our capabilities in large projects and strengthens our commercial team globally. SIT also enhances our ability to reduce balance-of-system and installation costs, further improving our competitive levelized cost of energy. Looking ahead, we are cautiously encouraged by an overall uptick in market activity, including a significant increase in the volume of projects on which we are bidding. Overall, our demand-creation strategy and the integration of SIT are key ingredients of our plan to return to profitability," added Mr. Morelli.

Fourth-quarter net results were negatively impacted by $13.6 million of items, of which approximately $8.8 million are non-cash charges. These include unabsorbed overhead costs of $6.1 million ($0.14 per fully diluted share) resulting from production cutbacks; restructuring costs of $1.7 million ($0.04 per fully diluted share) resulting from the previously announced consolidation of operations between the company's Auburn Hills 1 and Auburn Hills 2 facilities and the associated headcount reduction; a write down of an asset held for sale of $1.2 million ($0.03 per fully diluted share); and other costs of $4.6 million ($0.11 per fully diluted share) which includes increases in reserves for bad debt and warranty and a write-off of certain inventory.

Fiscal Year 2010 Guidance

The company expects access to capital will continue to be a constraint and average selling prices will remain under significant pressure for the fiscal year. While there has been increased project activity, U.S. Government stimulus spending and the company's demand-creation initiatives for large and U.S. utility projects will not drive a meaningful increase in revenues until the second half of the fiscal year. Based on these assumptions, the company believes revenues for the first fiscal quarter will be in line with fourth quarter 2009 revenues. For the full fiscal year, revenues are anticipated to be approximately 10-15% higher than in fiscal year 2009. Production is expected to be about 150MW for the year, with higher volumes in the second half. Interest expense is expected to be $28 million for the year including $14 million (noncash) related to the impact of FSP APB 14-1 regarding accounting for convertible debt. Costs associated with the acquisition of SIT will include transaction-related costs of approximately $5 million and restructuring costs of approximately $5 million.

Conference Call / Webcast Details

Management of Energy Conversion Devices will review these financial results on a conference call on Thursday, August 27, 2009, at 10:00 a.m. EDT. The dial-in number for the live audio call is 877-858-2512 or 706-634-6076 (international) with conference ID number 25690028. The conference call will be webcast live over the Internet and can be accessed in the Investor Relations - Conference Calls section of the company's website at http://www.energyconversiondevices.com/." target="_blank" rel="nofollow ugc noopener">http://www.energyconversiondevices.com/.

An audio replay of the call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until 11:59 p.m., August 29, 2009, and can be accessed by dialing 800-642-1687 or 706-645-9291 (international), with conference ID number 25690028. The webcast will also be archived on the company's website.

About Energy Conversion Devices

Energy Conversion Devices is a leader in building integrated and rooftop photovoltaics. The company manufactures, sells and installs thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. Through its Solar Integrated Technologies business, the company also designs, manufactures and installs rooftop photovoltaic systems which enable customers to transform unused space on the rooftop into a value-generating asset. For more information, please visit http://www.energyconversiondevices.com/." target="_blank" rel="nofollow ugc noopener">http://www.energyconversiondevices.com/.

This release may contain forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future net sales or performance, capital expenditures, financing needs, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Risks that could cause such results to differ include: our ability to maintain our customer relationships; the worldwide demand for electricity and the market for solar energy; the supply and price of components and raw materials for our products; and our customers' ability to access the capital needed to finance the purchase of our products; and risks associated with integrating Solar Integrated Technologies, Inc. The risk factors identified in the ECD filings with the Securities and Exchange Commission, including the company's most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q, could impact any forward-looking statements contained in this release.

ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) Quarter Ended June 30, Year Ended June 30, 2009 2008 2009 2008 ----- ---- ---- ---- REVENUES Product sales $46,014 $77,800 $294,992 $237,191 Royalties 1,991 1,262 6,355 5,306 Revenues from product development agreements 3,094 2,950 13,409 11,440 License and other revenues 316 376 1,537 1,924 -------- ------ ------- ------- TOTAL REVENUES 51,415 82,388 316,293 255,861 EXPENSES Cost of product sales 41,001 51,966 208,285 174,075 Cost of revenues from product development agreements 2,533 1,865 9,507 7,257 Product development and research 2,418 2,207 8,986 9,906 Preproduction costs 276 1,346 5,409 6,920 Selling, general and administrative 14,915 13,957 58,902 51,252 Net loss on disposal of property, plant and equipment 1,610 1,330 2,287 1,116 Restructuring charges 1,657 1,940 2,231 9,396 -------- ------ ------- ------- TOTAL EXPENSES 64,410 74,611 295,607 259,922 -------- ------ ------- ------- OPERATING INCOME (LOSS) (12,995) 7,777 20,686 (4,061) OTHER INCOME (EXPENSE) Interest income 443 981 5,226 7,019 Interest expense (3,003) (99) (10,863) (165) Other nonoperating income (expense), net 437 1,274 (1,118) 1,216 -------- ------ ------- ------- TOTAL OTHER INCOME (EXPENSE) (2,123) 2,156 (6,755) 8,070 -------- ------ ------- ------- Net Income (Loss) before Income Taxes (15,118) 9,933 13,931 4,009 Income Taxes 653 61 1,475 156 -------- ------ ------- ------- Net Income (Loss) $(15,771) $9,872 $12,456 $3,853 ======== ====== ======= ======= Earnings (Loss) Per Share $(0.37) $0.24 $0.29 $0.10 ======== ====== ======= ======= Diluted Earnings (Loss) Per Share $(0.37) $0.24 $0.29 $0.09 ======== ====== ======= ====== Basic weighted average shares outstanding 42,314 40,666 42,277 40,231 Diluted weighted average shares outstanding 42,355 41,525 42,711 41,138 ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (in thousands) June 30, 2009 2008 ---- ---- ASSETS Current Assets: Cash and cash equivalents $56,379 $484,492 Short-term investments 245,182 14,989 Accounts receivable, net 69,382 53,525 Inventories, net 74,266 31,337 Assets held for sale - 1,539 Other current assets 4,897 4,130 ---------- ---------- Total Current Assets 450,106 590,012 Property, Plant and Equipment, net 605,742 404,119 Long-Term Investments - 32,277 Other Assets 13,330 15,559 ---------- ---------- Total Assets $1,069,178 $1,041,967 ========== ========== LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accounts payable and accrued expenses $52,244 $39,017 Salaries, wages and amounts withheld from employees 3,243 3,160 Amounts due under incentive plans 694 6,747 Current maturities of capital leases 1,013 1,087 Other 2,493 2,092 ---------- ---------- Total Current Liabilities 59,687 52,103 Long-Term Liabilities: Convertible senior notes 316,250 316,250 Capital lease obligations 21,412 22,468 Other liabilities 9,701 9,234 ---------- ---------- Total Long-Term Liabilities 347,363 347,952 Commitments and Contingencies Stockholders' Equity Common stock, $0.01 par value, 100 million shares authorized, 45,754,652 and 45,575,554 issued in 2009 and 2008, respectively 458 456 Additional paid-in capital 976,575 969,421 Treasury stock (700) (700) Accumulated deficit (312,709) (325,165) Accumulated other comprehensive loss, net (1,496) (2,100) ---------- ---------- Total Stockholders' Equity 662,128 641,912 ---------- ---------- Total Liabilities and Stockholders' Equity $1,069,178 $1,041,967 ========== ========== ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) Year Ended June 30, 2009 2008 2007 ---- ---- ---- Cash flows from operating activities Net income (loss) $12,456 $3,853 $(25,231) Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: Depreciation and amortization 33,515 21,917 12,170 Provision for slow-moving and obsolete inventory 8,111 2,920 1,348 Allowance for doubtful accounts 3,692 868 10 Share-based compensation 5,273 2,010 1,763 Warranty expense 5,680 391 (292) Other-than-temporary impairment of investment 1,002 - - Loss (gain) on sale of property, plant and equipment 2,287 1,116 504 Other (597) 1,649 (700) Changes in operating assets and liabilities, net of foreign exchange: Accounts receivable (21,068) (17,815) (8,590) Inventories (51,165) 4,662 (17,165) Other assets 3,799 (1,168) (2,371) Accounts payable and accrued expenses 14,661 4,004 12,914 Accrued incentive plan (6,053) 6,204 543 Restructuring reserve (574) (2,301) 3,523 Other liabilities 70 200 (240) ------- -------- ------- Net cash provided by (used in) operating activities 11,089 28,510 (21,814) Cash flows from investing activities: Purchases of property, plant and equipment (242,257) (117,335) (186,989) Investment in joint ventures (1,000) - (200) Purchases of investments (203,355) (62,250) (423,033) Proceeds from maturities of investments 3,400 22,591 248,180 Proceeds from sale of investments 2,750 115,038 288,828 Proceeds from sale of property, plant and equipment - 288 1 ------- -------- ------- Net cash used in investing activities (440,462) (41,668) (73,213) Cash flows from financing activities: Proceeds from convertible senior notes - 306,762 - Payments for deferred financing costs - (1,258) - Proceeds from common stock issuance - 98,998 - Principal payments under capitalized lease obligations (1,054) (1,144) (850) Increase in long-term customer deposits - 680 - Decrease in restricted investments - (273) - Proceeds from sale of stock and share-based compensation, net of expenses 1,966 13,482 11,866 ------- -------- ------- Net cash provided by financing activities 912 417,247 11,016 Effect of exchange rate changes on cash and cash equivalents 348 (367) (181) Net (decrease) increase in cash and cash equivalents (428,113) 403,722 (84,192) Cash and cash equivalents at beginning of period 484,492 80,770 164,962 ------- -------- ------- Cash and cash equivalents at end of period $56,379 $484,492 $80,770 ======= ======== =======

Energy Conversion Devices, Inc.

CONTACT: Mark Trinske, Vice President, Investor Relations &
Communications of Energy Conversion Devices, Inc., [phone]

Web Site: http://www.energyconversiondevices.com/


© 2009 PR Newswire

[Pichel007]

Was ist denn das hier ?
Lernen hier einige Kopieren und Einfügen
Dachte das ich ein paar Meinungen zu diesem Unternehmen lesen könnte, aber die scheinen nicht vorhanden zu sein,.

[ecdfan]

Antwort auf Beitrag Nr.: 37.899.658 von Pichel007 am 02.09.09 09:36:05

Pichel007: Gerne:

http://ecdfan.blogspot.com/2009/08/inventory-numbers-do-not-…

Does that help?

[ulife]

Antwort auf Beitrag Nr.: 37.899.658 von Pichel007 am 02.09.09 09:36:05

hatte vor einiger zeit gedacht, dass die aktie nach oben geht,bin jedoch kurz davor wieder zu verkaufen
gibts argumente die aktie noch zu halten oder dazuzukaufen???

für ein paar argumente wär ich euch dankbar

[Kohlenzieher]

Man sieht sich OTC.

[R-BgO]

By Eric Savitz

Energy Conversion Devices (ENER), which rallied dramatically earlier this week on rumors that the company might get a bid from Applied Materials (AMAT), is on the rise again today.

The new reason, according to Briefing.com, is that the company has pulled out of a scheduled September 15 appearance at the ThinkEquity Growth conference. Briefing said the company says it canceled because CFO Harry Zike is too busy integrating an acquisition. Of course, you know what the rumormongers are thinking: companies that cancel conference appearances are up to something…something that might make the stock rise.

[binda]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[IchEmpfehleSembCorp]

Antwort auf Beitrag Nr.: 37.923.576 von ulife am 04.09.09 21:15:38

Eigentlich macht die Company zur Zeit alles richtig. Sie hat kürzlich einige Großaufträge gegen starke Konkurrenz an Land gezogen (zuletzt in Spanien) und sie wächst kontinuierlich.

Nur der Anleger lässt sich zur Zeit auf andere Abenteuer ein.

[IchEmpfehleSembCorp]

... und charttechnisch bewegen sich die Indikatoren (wieder mal) auf eine Trendumkehr zu:

[R-BgO]

November 9, 2009

Energy Conversion Devices and MP2 Capital Announce Plans to Develop Rooftop Solar Projects in Ontario, Canada

Rochester Hills, Mich., and San Francisco, Calif., November 9, 2009 - Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER) and MP2 Capital, LLC today announced plans to collaborate on the development of a portfolio of rooftop solar installations in Ontario, Canada.

ECD and MP2 Capital will partner with Rumble Energy, an Ontario-based renewable energy developer, to install a series of rooftop solar projects throughout Ontario, Canada under the province's new feed-in-tariff program. By also partnering with other Ontario-based suppliers and contractors, the projects will meet the local content requirements set forth by the Ontario Power Authority. The companies expect to complete construction of approximately 10MW of projects by October 2010. ECD, through its wholly owned subsidiary, United Solar Ovonic, will provide UNI-SOLAR® brand photovoltaic laminates for the projects. MP2 Capital will lead the financing and development efforts for the projects.

Mark Morelli, ECD's president and CEO, said, "We look forward to partnering with MP2 Capital on this important project in Ontario. This is a good example of our demand-creation strategy, where we partner in the development of solar projects that have attractive rates of return for project investors. The Ontario Power Authority has demonstrated an impressive commitment to the promotion of renewable energy development and ECD intends to be a major player in the province in the years to come."

Mark Lerdal, MP2 Capital's CEO, stated, "We are pleased to partner with ECD on this exciting development effort. The feed-in-tariff structure in Ontario promotes this distributed generation rooftop model, and UNI-SOLAR laminates are ideal for solar rooftop installations."

About Energy Conversion Devices

Energy Conversion Devices is a leader in building-integrated and rooftop photovoltaics. The company manufactures, sells and installs thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR® brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. Through its Solar Integrated Technologies business, the company also designs, manufactures and installs rooftop photovoltaic systems which enable customers to transform unused space on the rooftop into a value-generating asset. For more information, please visit www.energyconversiondevices.com.

About MP2 Capital, LLC

MP2 Capital LLC develops, finances and invests in renewable energy projects worldwide. The firm was founded in 2006 and has a track record of successful development and operation of multiple solar projects throughout North America. The firm maintains a strong partnership culture that continually builds upon its deep and broad relationships with communities, landowners, local developers, utilities, energy providers, contractors, manufacturers, lenders and investors. The firm is headquartered in San Francisco, California. Learn more at www.MP2capital.com.

[R-BgO]

Energy Conversion Devices Reports Financial Results for First Quarter of Fiscal Year 2010

Rochester Hills, Mich., November 9, 2009 - Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building-integrated and commercial rooftop markets, today announced financial results for the first quarter of its fiscal year 2010.

Total consolidated revenues for the first quarter of fiscal 2010 were $42.9 million, compared to $95.8 million in the first quarter of fiscal 2009 and $51.4 million in the fourth quarter of fiscal 2009. Solar product and project sales for the quarter were $36.1 million, compared to $89.5 million in the same quarter last year and $46.0 million in the fourth quarter of fiscal 2009.

For the first quarter, the company reported a net loss of $11.8 million, or $0.28 per fully diluted share, compared to net income of $11.8 million, or $0.27 per fully diluted share, in the year-ago period. This compares to a net loss of $17.6 million, or $0.41 per fully diluted share, in the fourth quarter of fiscal 2009. Results for the first and fourth quarters of fiscal 2009 have been adjusted to reflect the company's implementation of FASB ASC 470-20.

First quarter net results were affected by several items, which, when taken collectively, had a positive net impact of approximately $2.7 million or $0.06 per share. These items included the impact related to the acquisition and integration of Solar Integrated Technologies (SIT) and non-SIT related items including the sale of previously written-down inventory and tax refunds for prior research and development expenditures.

Mark Morelli, ECD's President and Chief Executive Officer, said "In the first quarter, new construction and reroofing projects continued to be slow, negatively impacting sales through our traditional building-materials channel. We are the leaders in this building-integrated photovoltaic (BIPV) market, and remain confident that this channel will recover and our new and reroofing business will improve longer term."

"To expand our near-term addressable market beyond our traditional BIPV focus, we are developing product solutions for rooftop retrofit applications including our recently launched tilt solution. This product leverages the light-weight attributes of our core flexible laminates as well as our superior energy yield resulting in leading levelized cost of energy (LCOE) performance and attractive returns to customers worldwide" said Morelli. "We are also working with project developers to pursue large-scale projects in our key markets."

"The addressable markets for our products are large, especially as we extend our reach beyond our traditional BIPV market into the existing roof market segment where our unique product and LCOE leadership provide a cost-effective solution with attractive returns to more customers worldwide," added Morelli.

Conference Call / Webcast Details

Management of Energy Conversion Devices will review these financial results on a conference call on Monday, November 9, 2009, at 10:00 a.m. EST. The dial-in number for the live audio call is [phone] or [phone] (international) with conference ID number 38818387. The conference call will be webcast live over the Internet and can be accessed in the Investor Relations - Conference Calls section of the company's website at www.energyconversiondevices.com.

An audio replay of the call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until 11:59 p.m., November 11, 2009, and can be accessed by dialing [phone] or [phone] (international) with conference ID number 38818387. The webcast will also be archived on the company's website.

[leiro1]

... na die Zahlen waren meiner Meinung nach aber eher mau ...

Wie seht ihr das so?

Man liest zwar auf der Homepage, daß sich bei der Firma laufend etwas tut aber ich war dann doch enttäuscht, daß der Umsatz so zurückgefallen ist... fast um 50% ist doch viel...
Auch die Cashentwicklung ist doch interessant oder?

Wie gefällt Euch hier so der Ausblick (news....)

LG Leiro1

[leiro1]

Antwort auf Beitrag Nr.: 38.353.534 von leiro1 am 10.11.09 08:20:24

news - ??Geschäftsbelebung im 2. Halbjahr!! Hoffen wir es einmal in Erwartung besserer Kurse! LG Leiro1...:


Energy Conversion Devices Announces Restructuring Plan

Rochester Hills, Michigan, December 3, 2009 -- Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), the leading global manufacturer of light weight, thin-film flexible solar laminate products for the building-integrated and commercial rooftop markets, announced today that it has initiated a restructuring plan to better align operating expenses with near-term revenue expectations while positioning the company to more efficiently leverage future growth opportunities.

The specific restructuring actions include additional workforce reductions and the previously announced restructuring related to ECD's acquisition of Solar Integrated Technologies. In connection with all restructurings, employees will be reduced by approximately 400, representing approximately 20 percent of ECD's combined workforce.

These actions are expected to create annualized savings of approximately $17 million, with half to be realized in fiscal 2010.

ECD expects to record related charges of approximately $9 million in fiscal year 2010, including the previously announced restructuring costs related to ECD's acquisition of Solar Integrated Technologies. This restructuring plan will be completed in fiscal 2010.

"We are committed to reducing our cost structure, while still satisfying the increasing demand for our products in the marketplace," said Mark Morelli, ECD's President and Chief Executive Officer. "We expect our business will strengthen in the second half of our fiscal year, and these steps should lower our overall operating costs for both the near and long terms, and position our company to better capitalize on growth opportunities in our rooftop solar markets."

About Energy Conversion Devices
Energy Conversion Devices is a leader in building integrated and rooftop photovoltaics. The company manufactures, sells and installs thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR® brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. Through its Solar Integrated Technologies business, the company also designs, manufactures and installs rooftop photovoltaic systems which enable customers to transform unused space on the rooftop into a value-generating asset. For more information, please visit www.energyconversiondevices.com.

This release may contain forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future net sales or performance, capital expenditures, financing needs, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Risks that could cause such results to differ include: our ability to maintain our customer relationships; the worldwide demand for electricity and the market for solar energy; the supply and price of components and raw materials for our products; and our customers' ability to access the capital needed to finance the purchase of our products; and risks associated with integrating Solar Integrated Technologies, Inc. The risk factors identified in the ECD filings with the Securities and Exchange Commission, including the company's most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q, could impact any forward-looking statements contained in this release.

Contact:
Mark Trinske, Vice President
Investor Relations & Communications
[phone]


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[leiro1]

Antwort auf Beitrag Nr.: 38.507.917 von leiro1 am 04.12.09 10:33:54

Und was machen die Japaner? Die bringen schon die 3. Generation vom Prius heraus oder...?




BMW gibt Hoffnung auf Wasserstoffantrieb vorerst auf
Montag, 07. Dezember 2009


MÜNCHEN (dpa-AFX) Der Münchener Automobil- und Motorradbauer BMW stellt erst einmal seinen Feldversuch mit Wasserstoff betriebenen Luxuslimousinen ein. "Es wird vorerst keine neue Wasserstoff-Testflotte geben", sagt BMW-Entwicklungsvorstand Klaus Draeger dem "Handelsblatt" (HB/Montag). Damit folgt BMW Volkswagen. Der Wolfsburger Autokonzern hatte sich als erster deutscher Hersteller sowohl gegen die Wasserstoffverbrennung als auch gegen die Brennstoffzellentechnik entschieden. Sie sei ungeeignet für den Großeinsatz. Experten halten das der Zeitung zufolge aber für eine riskante Strategie.

Seit Jahrzehnten forschen Autohersteller an der Wasserstofftechnik, um das umweltbelastende Benzin ersetzen zu können. Während Daimler Wasserstoff mit Brennstoffzellen in Strom umwandelt, verbrennt BMW das Gas in herkömmlichen Motoren. Bislang gibt es aber nicht mehr als Testflotten und eine Handvoll Tankstellen.

Der Konkurrent Daimler hält trotz der Skepsis der Konkurrenten an seiner Brennstoffzellentechnik fest. "Das ist gut für die Umwelt und die Menschen. Genau darum wollen wir diese Technologie so schnell wie möglich zur Marktreife bringen", sagt Unternehmenschef Dieter Zetsche. Auch der Linde-Chef Wolfgang Reitzle will den Wasserstoff-Antrieb noch nicht abschreiben. "Die Wasserstofftechnologie stand noch nie so kurz vor dem Durchbruch wie heute", sagte er der Zeitung. Linde ist nach eigenen Angaben der weltweit führenden Wasserstoff-Lieferant.

Daimler und Linde haben mit den Mineralölkonzernen Shell , Total und OMV eine Absichtserklärung für den Bau eines flächendeckenden Tankstellennetzes unterschrieben. Daimler will zunächst eine Kleinserie von B-Klasse-Modellen produzieren und spätestens 2015 eine Großserie auf den Markt bringen. Die beiden Energieversorger Vattenfall und EnBW bauen Strom-Tankstellen auf./ne/tw



LG LEIRO1

[leiro1]

Antwort auf Beitrag Nr.: 38.518.843 von leiro1 am 07.12.09 08:58:38

auch interessant:


http://www.welt.de/die-welt/wirtschaft/article5448743/Highte…

[leiro1]

Antwort auf Beitrag Nr.: 38.518.870 von leiro1 am 07.12.09 09:05:58

Solar/Akkus/PKW-Elektroantrieb ... ein (Zukunfts)Markt in Bewegung... so wie es aussieht!! Echt spannend!!

LG LEIRO1


Panasonic wird zum Akku-Giganten

Der Elektronikriese Panasonic hat den Akkuhersteller Sanyo Electric übernommen. Damit hat der japanische Konzern eine monatelange Hängepartie überwunden - und wird zum weltgrößten Akkuhersteller und Partner des deutschen Autoherstellers Volkswagen.

HB TOKIO. Der japanische Elektronikkonzern Panasonic hat gut 50 Prozent des weltweit größten Akkuherstellers Sanyo Electric übernommen. Das teilte Panasonic am Donnerstag mit. Am Mittwoch war die Frist für die gut 400 Mrd. Yen (rund 3,1 Mrd. Euro) schwere Übernahme abgelaufen, bei der Panasonic einen Mehrheitsanteil angestrebt hatte. Der Anteil beläuft sich den Angaben zufolge jetzt auf 50,19 Prozent. Sanyo baut gemeinsam mit Volkswagen wiederaufladbare Batterien für Auto-Elektroantriebe. Gleichzeitig liegt Panasonic damit auf dem japanischen Heimatmarkt vor dem Erzrivalen Sony.

Sanyo-Aktien schlossen in Tokio 10,7 Prozent im Plus, Panasonic-Papiere gaben 1,9 Prozent nach. Der jüngste Einstieg von VW bei Suzuki schürte Börsenhändlern zufolge zudem Hoffnungen, dass nun Sanyo-Batterien in mehr Fahrzeugen zum Einsatz kommen.

Panasonic und Sanyo hatten sich bereits Anfang November auf einen Zusammenschluss verständigt, doch anders als die Hauptanteilseigner SMBC und Daiwa hatte Goldman Sachs das erste Kaufangebot von 120 Yen je Aktie sofort abgelehnt. Laut Medienberichten erwartete die US-Bank einen kräftigen Aufpreis zum Börsenkurs, angeblich hatte sie 250 Yen verlangt. Anfang Dezember wies Goldman auch das zweite Angebot von 130 Yen zurück.

[leiro1]

Antwort auf Beitrag Nr.: 38.548.739 von leiro1 am 11.12.09 08:43:25

good news! Dürfte sich auftragsmäßig einiges tun...
- paßt gut zu deren Aussage : "still satisfying the increasing demand for our products in the marketplace"...


LG Leiro1

12.14.2009

ENERGY CONVERSION DEVICES ANNOUNCES 3 MEGAWATT ROOFTOP SOLAR PROJECT IN SPAIN


Endesa Spain Chooses UNI-SOLAR for Two Solar Rooftop Installations

Rochester Hills, Mich., December 14, 2009 - Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced it has signed an agreement with Endesa in Spain to install 3.0 MWp of UNI-SOLAR® photovoltaic (PV) laminates on the rooftops of two Coca-Cola Company buildings in Seville.

Through its wholly owned subsidiary, United Solar Ovonic, ECD will oversee construction of the rooftop system, which will consist of UNI-SOLAR laminates bonded to the Giscosa waterproofing system and applied directly on the roofs. The completed system will be owned and managed by Endesa. Construction will begin this quarter, with completion expected in the first half of calendar 2010.

Andreu Cladera, Product Manager PV of Endesa Spain said, "We are excited to partner with ECD and United Solar on our largest rooftop solar project to date. UNI-SOLAR laminates are the perfect product for the type of low-load bearing rooftops that exist all over Spain. Their ability to generate more electricity per rated watt compared to other types of solar products made it easier for us to secure project financing. Additionally, UNI-SOLAR is easy to install, enabling us to install and activate the system in just a few months, allowing a rapid return on our initial investment."

Mark Morelli, ECD's president and chief executive officer, said, "This agreement is an example of an early success with our approach to developing large projects. Endesa Spain has significant expertise in both electricity generation and distribution in Spain's rapidly evolving solar market. They understand the long-term importance of maintaining the roof's integrity using a product that doesn't make roof penetrations, as well as the financial benefits that our installations provide. We look forward to working with them on this and other projects in the future."

About Energy Conversion Devices
Energy Conversion Devices is a leader in building integrated and rooftop photovoltaics. The company manufactures, sells and installs thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. Through its Solar Integrated Technologies business, the company also designs, manufactures and installs rooftop photovoltaic systems which enable customers to transform unused space on the rooftop into a value-generating asset. For more information, please visit www.energyconversiondevices.com.

This release may contain forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future net sales or performance, capital expenditures, financing needs, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Risks that could cause such results to differ include: our ability to maintain our customer relationships; the worldwide demand for electricity and the market for solar energy; the supply and price of components and raw materials for our products; and our customers' ability to access the capital needed to finance the purchase of our products; and risks associated with integrating Solar Integrated Technologies, Inc. The risk factors identified in the ECD filings with the Securities and Exchange Commission, including the company's most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q, could impact any forward-looking statements contained in this release.

Contact:
Mark Trinske, Vice President
Investor Relations & Communications
[phone]

[prosperusisback]

Ernergy Conversion Devices hat heute mit erneut über + 6% ihren Lauf beeindruckend fortgesetzt.

Jetzt äußert sich "The Street" vorsichtig positiv zu der Aktie. Der Bericht wird in den U.S.A. sicher zusätzlich einen Kaufschub ausgelöst haben, hat sich doch der Verfasser Eric Rosenbaum den Namen gemacht, in den letzten Jahren einige "Schätze gehoben zu haben". Hier der Bericht:

"Solar Winners: Energy Conversion Devices
Eric Rosenbaum
Jan. 05, 2010 - 02:15 PM EST

ROCHESTER HILLS, MI. (TheStreet) -- Energy Conversiom Devices(ENER Quote) has been one of the weaker stocks in the solar sector in recent months, but not on Tuesday. Shares of Energy Conversion Devices were up close to 7% in the early afternoon, for a gain of 75 cents, to $11.63, their highest level since early November.

Indeed, the entire solar sector spiked after German solar company SolarWorld announced that it had surpassed the 1 billion-euro threshold in annual sales in 2009. The solar-sector flare on Tuesday was the second consecutive run-up of the new year, making solar stocks, especially the Chinese solar players, two-for-two in 2010, two days into the trading year.

However, the level of Energy Conversion Devices' spike on Tuesday, given its recent underperformance, was notable. A gain of 7% on Tuesday afternoon allowed Energy Conversion to rival Chinese solar players like Yingli Green Energy Holdings(YGE Quote), JA Solar(JASO Quote) and Solarfun Power Holdings(SOLF Quote), for top solar dog on Tuesday.

Meanwhile, the true U.S. solar leaders, First Solar(FSLR Quote) and SunPower(SPWRA Quote), were showing solid gains from the SolarWorld-boost on Tuesday, but less than half of Energy Conversion Devices' spike.

So is there reason to believe in an Energy Conversion Devices turnaround story early in 2010? Maybe not, according to solar sector analysts, many of whom believe Energy Conversion Devices is just getting a little ahead of itself today in the solar fervor -- although trading approximately $20 below its 52-week high even after its 7% spike, not too far ahead of itself.

But Energy Conversion Devices still has significant financial hurdles to overcome in 2010, and what's more, another major competitor coming into the public market in the form of hotly anticipated solar initial public offering Solyndra.

Rob Brown, an analyst with institutional boutique firm Craig-Hallum, said he remains bearish on Energy Conversion and does not expect a profitable quarter in 2010. Above all, Brown continues to have concerns about the supply-demand imbalance with Energy Conversion's inventory.

Brown explained that over the past year, Energy Conversion has struggled with its sales, and that has resulted in sales running about half of capacity. In essence, the solar company has been converting cash into an inventory backlog. Brown doesn't expect a major reversal of that trend in the near-term, but what he needs to see to change his outlook on Energy Conversion is the conversion of that inventory backlog back into liquid assets.

Brown added that Energy Conversion Devices was acutely hit by the recession and credit-market meltdown, as it focused on the commercial building space. As the business environment improves, the commercial building sector should normalize, but Brown still believes investors should wait-and-see when it comes to Energy Conversion Devices.

"That inventory backlog could take a quarter or two to work through, the fundamentals have yet to improve and are weighing on the stock and we have yet to see an uptick in demand," Brown said.

Energy Conversion Devices faces these financial headwinds at the same time that privately held Solyndra is going public. Analysts view Solyndra's technology and business strategy, focused on the rooftop market, as a direct threat to Energy Conversion Devices. While Solyndra'a technology would also theoretically compete with First Solar(FSLR Quote), First Solar's focus on the large-scale ground-based solar market makes it less of a direct competitor for Solyndra.

Craig-Hallum's Brown thinks that Solyndra's transition to a public company doesn't change the competition it has already presented to a weak Energy Conversion Devices. "The Solyndra IPO won't change the competitive dynamic, just the investor perception," Brown said.

However, other analysts see the public debut of Solyndra at a time of financial weakness for Energy Conversion as highlighting the financial hurdles the company needs to overcome. Paul Leming, solar analyst with Soleil/Princeton Tech Research, said Energy Conversion has not been a competitive factor in the marketplace, while Solyndra has been able to bring its total installed system cost to what looks like a very competitive level.

'Energy Conversion has not been able to get their costs down to the level at which they hoped to be competitive, and the development of Solyndra is not a positive data point,' Leming said.

Energy Conversion Devices was hovering around between a 6% to 7% gain in the early afternoon, on trading volume of more than 1 million shares above its daily average.

-- Reported by Eric Rosenbaum in New York. "

[R-BgO]

January 14, 2010

Energy Conversion Devices Announces Plan to Build Manufacturing Facility in France

Rochester Hills, Mich., January 14, 2010 - Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced plans to establish a 30MW solar laminate manufacturing facility in France. The company has started its initial site selection process and is evaluating various sites, particularly in the Alsace region.

Mark Morelli, ECD's president and chief executive officer, said, "France is one of the world's fastest growing and most progressive solar markets. It has expressed its long-term support of alternative energy in the Grenelle de l'environnement objectives, and the recent change to its feed-in-tariff structure establishes a sustainable foundation to meet those objectives. We are pleased that France is continuing to support the development of high added-value technology and innovative solutions like UNI-SOLAR® laminates, which protect the aesthetics of France's cultural heritage by integrating into the building architecture. We are also pleased that France is clearly showing leadership to avoid the speculative bubble we have seen in solar energy in other markets in the past."

"We relocated our European headquarters to Paris last year, and believe it is now an excellent time to locate manufacturing in this market close to our channel partners and customers. With the new tariff structure resolved, and the high concentration of low-load bearing buildings that are ideally suited for our lightweight and low impact UNI-SOLAR solutions, we see growing demand for our solar products in France. We look forward to working with French officials to identify the right support to realize this project, and to create local jobs in both research and development and manufacturing," added Mr. Morelli.

Expected terms of the project, including anticipated launch date, were not disclosed and are subject to completion.

[leiro1]

Antwort auf Beitrag Nr.: 38.741.663 von R-BgO am 15.01.10 08:36:35

WOW - also mit so einer Nachricht hätte ich nicht gerechnet...
Also muß die Nachfrage nach deren Produkten echt gut laufen oder?

Expansion!

LG LEIRO1

[R-BgO]

United Solar Ovonic Receives $13 Million Manufacturing Investment Tax Credit from Stimulus Program

Rochester Hills, Mich., January 21, 2010 - Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building integrated and commercial rooftop markets, today announced that its affiliate United Solar Ovonic LLC has received stimulus support from the Department of Energy and the Department of Treasury.

The company was notified late last week that its application for a Manufacturing Investment Tax Credit was approved. The $13.275 million credit will support United Solar Ovonic's plan to invest $42 million in its Auburn Hills 1 facility to upgrade equipment used in its commercial solar deposition process.

Upon successful completion of the upgrades, the deposition machines will have significantly greater output. These improvements will lower the company's cost of manufacturing while increasing the efficiency of the solar laminates and is expected to create approximately 600 jobs in Michigan.

"We are very appreciative of the Obama Administration's efforts to support American clean technology through the stimulus programs," said Mark Morelli, ECD President and CEO. "We are also grateful for the support from Senators Stabenow and Levin, Congressman Peters and other members of the Michigan congressional delegation. Governor Granholm and her staff were also critical in supporting our application. These elected officials do an important job in Washington and here in Michigan of delivering a consistent message of support for American manufacturing jobs and business in Michigan."

[MalerWilhelmBartsch]

Auf die 9,55 USD ist der Kurs in dieser Woche jetzt schon zweimal aufgesetzt und unter erhöhten Umsätzen wieder abgefedert. Da scheint sich eine Unterstützung herauszubilden.

Gruß von Wilhelm Bartsch, Kunstmaler

[R-BgO]

United Solar to Provide Up to 25 MW of UNI-SOLAR Laminates for Rooftop Installation in Italy

Rochester Hills, Mich., February 4, 2009 - United Solar Ovonic (United Solar), a wholly owned subsidiary of Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), today confirmed that it will supply up to 25 MW of UNI-SOLAR® brand photovoltaic laminates to Enel Green Power for installation on a number of buildings owned by CIS-Interporto di Nola in Italy. Enel Green Power is the renewable energy operating company of the Enel Group, Italy's largest utility.

The UNI-SOLAR laminates will be fully integrated with the existing architecture and will be installed on the roofs of a number of commercial and logistic buildings, and are expected to begin producing power in 2010. Once operational, the facility will be capable of producing about 33 million kWh per year, enough to meet the consumption needs of approximately 13,000 households - more than a third of the inhabitants of Nola - while avoiding the atmospheric emission of more than 21 tons of CO2 per year.

UNI-SOLAR laminates were the obvious choice for this project because they were an ideal match to the demands of the application. The product fits perfectly with the characteristics of these buildings in terms of layout, rooftop load capacity, and waterproofing. Other climatic factors were also important, especially the ability to withstand high winds, as the buildings regularly experience gusts of up to 160 kilometers per hour. For resistance to wind uplift without roof penetrations, UNI-SOLAR laminates are unparalleled in the rooftop solar industry.

Mark Morelli, ECD's president and CEO, said, "This announcement of this significant purchase agreement with Enel Green Power is a good indication that the evolution of our business to target large scale, multi-rooftop projects is taking shape. We look forward to working with them on similar opportunities in other countries and expanding our relationship to include many more rooftop projects in the future."

[R-BgO]

United Solar Announces Major Contribution for 4 Megawatt Installation on Marcegaglia Group's Industrial Plant in Italy

Complete BIPV system will produce enough energy to meet the needs of approximately 1,900 households

Rochester Hills, Mich., February 3, 2010 - United Solar Ovonics (USO), a wholly owned subsidiary of Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), today announced the major contribution for 4MW building integrated photovoltaic (BIPV) system on the roof-tops of the Marcegaglia Group's industrial plant in Taranto. The system will be mostly equipped with UNI-SOLAR® innovative flexible light weight photovoltaic modules. The project, one of the largest innovative technology roof-top systems in Italy, is scheduled to start operating in 2010.

The installation features Marcegaglia's Brollo Solar photovoltaic roofing system. This roofing system is formed by UNI-SOLAR laminates being directly applied to corrugated sheets or insulating panels to form a light weight BIPV roofing solution.

Once fully operational, the complete system - owned 51% by Enel Green Power and 49% by Marcegaglia Group - will be able to produce over 5 million kWh annually, enough to meet the energy needs of approximately 1,900 households, thereby avoiding the atmospheric emission of some 4,000 tons of CO2 per year.

Mark Morelli, ECD's president and CEO, said, "We are pleased to again be working with Marcegaglia on another BIPV project. This installation in Taranto is another excellent example of a successful BIPV application of our UNI-SOLAR laminates. Because UNI-SOLAR laminates are thin, light weight and flexible, they were the ideal choice for this installation which called for the PV system to be fully integrated into the existing architecture. We look forward to developing many more projects of this type in the future."

The core business of the Marcegaglia Group, wholly owned by the family of the same name, is steel processing in which it is a world leader. With 6,500 employees and 50 manufacturing plants in Italy, Europe, the Americas and Asia, it operates in markets around the world. As part of its diversified activities, Marcegaglia Energy is the business unit devoted to generating electricity from renewable resources. It has been operating since 1995 in power generation from biomass and refuse- derived fuel (Euro Energy Group). In 2006 it introduced photovoltaic technologies: with Arendi in the area of thin-film on glass substrates and with Marcegaglia Buildtech for flexible thin-film systems.

[leiro1]

Antwort auf Beitrag Nr.: 38.887.329 von R-BgO am 05.02.10 10:45:53

von meiner ersten Einschätzung her sehe ich die Zahlen wie
folgt an: GROTTENSCHLECHT PUUHUUU!!!

von den vom Unternehmen geäußerten Ausblick: SUPER... eigentlich oder? Wie seht ihr das so?

___________________________________________________________________

Energy Conversion Devices Reports Financial Results

Rochester Hills, Mich., February 9, 2010 - Energy Conversion Devices, Inc. (ECD) (NASDAQ: ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building-integrated and commercial rooftop markets, today announced financial results for the second quarter of its fiscal year 2010.

Total consolidated revenues for the second quarter of fiscal 2010 were $52.9 million compared to $103.1 million in the second quarter of fiscal 2009 and $42.9 million in the first quarter of fiscal 2010. For the second quarter, the company reported a net loss of $39.1 million, or $0.92 attributable to ECD shareholders per fully diluted share. In the year-ago period, net income was $13.0 million, or $0.31 attributable to ECD shareholders per fully diluted share. In the first quarter of fiscal 2010, the company reported a net loss of $11.8 million, or $0.28 attributable to ECD shareholders per fully diluted share.

For the six months ending December 31, 2009, total consolidated revenues were $95.9 million compared to $198.9 million in the prior year. Net loss for the first six months of fiscal 2010 was $50.9 million, or $1.20 attributable to ECD shareholders per fully diluted share. For the year-ago period, net income was $24.9 million, or $0.58 attributable to ECD shareholders per fully diluted share.

The second quarter net results were impacted by costs related to the integration of Solar Integrated Technologies and the company's recent reduction in workforce. These costs included an inventory write off of $2.5 million charged to Cost of Product and Project Sales, asset impairments of $1.3 million, and restructuring expenses of $2.4 million. In addition, there was a $7.4 million charge to Cost of Product and Project Sales related to factory underutilization.

Mark Morelli, ECD's President and Chief Executive Officer, said, "We made progress on our business model expansion in the second quarter. Our new projects business is gaining traction as demonstrated by our recent announcements, including the new agreement with Enel Green Power of Italy that will be up to 25 megawatts. Additionally, our new PowerTiltTM product is already seeing excellent customer interest even before our expected initial shipments this spring."

"We are also pleased with the progress we are making on our technology roadmap," added Mr. Morelli. "We have a proven track record of developing new technologies and successfully bringing new products to market. We are confident in our ability to achieve 12 percent laminate conversion efficiency and less than $0.95 cost per watt."

Mr. Morelli concluded, "We reduced our inventory balances, continued to restructure our company and are encouraged by the early results of the business initiatives undertaken in the second quarter. We've signed more than 35 megawatts of new projects and agreements since the end of the quarter, and we expect to build on this momentum in the second half of the fiscal year."

Conference Call / Webcast Details
Management of Energy Conversion Devices will review these financial results on a conference call on Tuesday, February 9, 2010, at 10:00 a.m. EST. The dial-in number for the live audio call is [phone] or [phone] (international) with conference ID number 53525895. The conference call will be webcast live over the Internet and can be accessed in the Investor Relations - Conference Calls section of the company's website at www.energyconversiondevices.com.

An audio replay of the call will be available approximately two hours after the conclusion of the call. The audio replay will remain available until 11:59 p.m., February 11, 2010, and can be accessed by dialing [phone] or [phone] (international) with conference ID number 53525895. The webcast will also be archived on the company's website.

About Energy Conversion Devices
Energy Conversion Devices is a leader in building-integrated and rooftop photovoltaics. The company manufactures, sells and installs thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR® brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. Through its Solar Integrated Technologies business, the company also designs, manufactures and installs rooftop photovoltaic systems which enable customers to transform unused space on the rooftop into a value-generating asset. For more information, please visit www.energyconversiondevices.com.

This release may contain forward-looking statements within the meaning of the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning our plans, objectives, goals, strategies, future events, future net sales or performance, capital expenditures, financing needs, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Risks that could cause such results to differ include: our ability to maintain our customer relationships; the worldwide demand for electricity and the market for solar energy; the supply and price of components and raw materials for our products; our customers' ability to access the capital needed to finance the purchase of our products; and risks associated with integrating Solar Integrated Technologies, Inc. The risk factors identified in the ECD filings with the Securities and Exchange Commission, including the company's most recent Annual Report on Form 10-K and most recent Quarterly Report on Form 10-Q, could impact any forward-looking statements contained in this release.

Contact:
ECD / United Solar Ovonic
Mark Trinske, Vice President
Investor Relations & Communications
[phone]

[leiro1]

Antwort auf Beitrag Nr.: 38.910.699 von leiro1 am 09.02.10 15:23:08

... ich sag es doch - Zahlen sind echt PUUUHUUU
und man will eine neue Fabrik in Frankreich bauen - da wird es sicher auch mal zu \"Anlaufverlusten\" kommen.... schätze ich mal
Alles in allem hier echt ein ordentlicher Dämpfer.... bzw. Nackenschlag für die Anteilseigner... hier hätte man doch auch mal eine Umsatzwarnung bringen können oder müssen - oder???

Ich seh das einzig Positive bei der Produktinnovation und den vor kurzen verlauftbaren Meldungen betreffend diverser Aufträge bzw.
den ausgewiesenen Assets (Cashbestand...) :

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Die beiden amerikanischen Solarkonzerne Evergreen Solar und Energy Conversion Devices legten zum Wochenauftakt enttäuschende Quartalsergebnisse vor. Die Aktien der beiden Unternehmen gerieten am Dienstag in New York kräftig unter Druck. Die schlechte Stimmung könnte sich auch auf die deutschen Solarfirmen übertragen.
Nach der Vorlage horrender Verluste rutschte die Aktie von Evergreen Solar am Dienstag knapp sechs Prozent ins Minus, die Papiere von Energy Conversion Devices verbilligten sich sogar um über zwölf Prozent. Insbesondere die Q-Cells-Aktie könnte aufgrund von Kapitalverflechtungen unter der Schwäche der US-Konkurrenz leiden. Kurz nach der Handelseröffnung in Deutschland verliert sie 1,5 Prozent und notiert bei 8,70 Euro.

Umsatz runter, Verlust rauf

Bereits am Montagabend legte Evergreen Solar die Zahlen für das Schlussquartal 2009 vor und enttäuschte dabei auf ganzer Linie: Zwar traf der Umsatz mit 74,5 Millionen Dollar in etwa die Erwartungen der Analysten, brach aber im Vergleich zum Vorjahr um fast 70 Prozent ein. Der Verlust hingegen erhöhte sich von 54 auf 98 Millionen Dollar.

Drohende Insolvenz bei deutscher Beteiligung

Mit 56,3 Millionen Dollar ist der Löwenanteil des Verlustes von Evergreen Solar den Abschreibungen auf die Beteiligung der Sovello AG zuzuschreiben, einem Solarunternehmen, an dem Evergreen, die deutsche Q-Cells und REC aus Norwegen jeweils rund ein Drittel halten. Dem deutschen Gemeinschaftsprojekt drohe die Insolvenz, teilte das Evergreen-Management den Analysten in einem Conference Call mit. Auch Q-Cells dürften nun Abschreibungen in einer ähnlichen Größenordnung wie Evergreen bevorstehen.

Tief in die roten Zahlen

Die von Energy Conversion Devices vorgelegten Zahlen für das Ende Dezember abgelaufene Quartal waren ebenfalls alles andere als sonnig. Der Umsatz brach von 103 auf 53 Millionen Dollar ein, der Vorjahresgewinn von 13 Millionen Dollar verwandelte sich in ein sattes Minus von 39 Millionen Dollar oder 0,92 Dollar pro Aktie. Die Analysten hatten lediglich mit 0,43 Dollar Verlust gerechnet. Eine Rückkehr in die schwarzen Zahlen sei im gesamten Jahr nicht zu erwarten, äußerte sich der Solarexperte Rob Brown von Craig-Hallum besorgt.

Wachsende Verunsicherung

Die Horrorzahlen der beiden US-Solarfirmen drücken weiter auf die ohnehin schon schlechte Stimmung im Sonnensektor. Die Verunsicherung nimmt zu und macht eine Erholung der stark gedrückten deutschen Solartitel unwahrscheinlich. Die existenziellen Probleme der Sovello AG dürften neuen Druck auf die ohnehin schwache Aktie von Q-Cells ausüben.

[R-BgO]

March 31 2010

UNI-SOLAR Laminates Power 2.1 Megawatt Marcegaglia Casalmaggiore Photovoltaic Plant in Italy


ROCHESTER HILLS, Mich., March 31, 2010 (GLOBE NEWSWIRE) -- Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER) today announced that its UNI-SOLAR® brand light weight thin film photovoltaic laminates were used on the new Marcegaglia Casalmaggiore photovoltaic (PV) power station. This is one of the largest rooftop solar installations in Italy and has a capacity of 2.1 megawatts, enough energy to power 800 houses with a savings of 1113 tons on CO2 annually.

Mark Morelli, ECD's president and CEO, said, "We were pleased to work with Marcegaglia on this large-scale project and the Brollo Solar product was an excellent fit for the low-pitch industrial rooftop. It integrates UNI-SOLAR laminates into Marcegaglia's corrugated insulated panel and provides the functionality of an insulated roof with a fully integrated solar solution that is installed in one simple step, saving both time and money and providing an excellent cost/revenue ratio for the system owner."

About the Marcegaglia Group

The core business of the Marcegaglia Group, wholly owned by the family of the same name, is steel processing. With 6,500 employees and 50 manufacturing plants in Italy, Europe, the Americas and Asia, it operates in markets around the world. As part of its diversified activities, Marcegaglia Energy is the business unit devoted to generating electricity from renewable resources. It has been operating since 1995 in power generation from biomass and refuse- derived fuel (Euro Energy Group). In 2006 it introduced photovoltaic technologies: with Arendi in the area of thin-film on glass substrates and with Marcegaglia Buildtech for flexible thin-film systems.

[R-BgO]

April 22 2010

United Solar Ovonic and ContourGlobal to Co-Develop Rooftop Solar Installations for Coca-Cola Hellenic Buildings in Italy

Initial 3.4MW Installation at Four Coca-Cola Hellenic Facilities in Italy to be Completed in 2010

ROCHESTER HILLS, Mich. and NEW YORK, April 22, 2010 (GLOBE NEWSWIRE) -- Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER), through its wholly owned subsidiary United Solar Ovonic, and ContourGlobal today announced plans to co-develop rooftop solar systems for buildings in Italy owned and operated by Coca-Cola Hellenic Bottling Company S.A. (CCH). Under the arrangement, ContourGlobal will own and operate the systems, which will be built by ECD using its UNI-SOLAR® brand photovoltaic laminates with development resources provided through ECD subsidiary Solar Integrated Technologies. The initial stage of the project, which is expected to be completed during calendar year 2010, will involve approximately 3.4 MW of UNI-SOLAR® laminates at four CCH facilities in Italy. The parties intend to expand their collaboration to include an additional 4 MW on four CCH sites in the near future.

Joseph C. Brandt, ContourGlobal's President and Chief Executive Officer, said, "We are successfully working with CCH on a number of innovative energy projects as part of its sustainability initiative, and we are pleased now to be collaborating with USO to furnish rooftop solar solutions as an important element toward this goal. The UNI-SOLAR solutions are ideally suited for these projects because they meet both our financial metrics and CCH's requirement for low impact on the rooftop. We expect to quickly complete the first stage of this project and then extend our cooperation with USO to develop additional systems to meet CCH's objectives."

Mark Morelli, ECD's President and CEO, said, "As commercial rooftop solar leaders, we are experienced in designing and delivering dependable solar energy solutions for an entire roof portfolio, like the CCH roofs that we will co-develop with our partner, ContourGlobal. This is another example of how the evolution of our business to target large scale, multi-rooftop projects is gaining traction. Our UNI-SOLAR solutions complement ContourGlobal's existing energy product line, and we are collaborating with ContourGlobal on other projects in Europe, Africa and North America, and hope to do many more installations within the next few years. We look forward to working with them to help CCH meet its corporate sustainability goals, starting with these projects in Italy."

[R-BgO]

July 21 2010

United Solar Will Supply New Jersey Resources and Adler Development with Approximately 3.9 Megawatt Installation of Solar Laminates

Agreement Demonstrates Continued Growth of UNI-SOLAR Integrated Solar Roofing Products in North America

ROCHESTER HILLS, Mich., July 21, 2010 (GLOBE NEWSWIRE) -- United Solar, a leading global manufacturer of building-integrated and rooftop photovoltaics under its UNI-SOLAR® brand – and a wholly owned subsidiary of Energy Conversion Devices (Nasdaq:ENER) – today announced it has signed an agreement to supply 3.9 megawatts of solar laminates to New Jersey Resources Clean Energy Ventures (NJRCEV) and Adler Development of Edison, NJ.

Recognizing the value of green buildings and potential energy savings for its tenants, Adler, a New Jersey family-owned and operated development company specializing in warehouse and flex space, will lease over 900,000 square feet of roof space to NJRCEV for a period of 20 years, helping reduce its facilities' carbon emissions by 3,200 tons per year. Tenants of the buildings will be offered a Power Purchase Agreement from NJRCEV.

Initial engineering prep work has begun on four Adler Development rooftops in NJ and solar modules are currently being produced and shipped from United Solar's high-tech manufacturing plant in Auburn Hills, Michigan. Estimates are that PV power from this project will be on the grid by early autumn. Also assisting with project execution is United Solar channel partner Advanced Green Technologies of Fort Lauderdale, Florida.

"This is a significant opportunity for United Solar to highlight its suite of UNI-SOLAR rooftop products that showcase our industry leading flexible, thin-film, low impact and low profile solar laminates," said Mark Morelli, President and CEO of United Solar's parent company, Energy Conversion Devices. "New Jersey Resources and the state of New Jersey have shown great leadership in embracing the use of solar power as a clean, reliable and effective alternative energy source and we look forward to creating more opportunities there in the near future."

[R-BgO]

August 4 2010

UNI-SOLAR PowerTilt(TM) Solar Roof System to Be Installed at Daimler Truck and Bus North America -- Bus Factory in Mississauga, Ontario, Canada

Will be One of the Largest Solar Roof Structures in Greater Toronto Area

ROCHESTER HILLS, Mich., Aug. 4, 2010 (GLOBE NEWSWIRE) -- United Solar, a leading global manufacturer of building rooftop photovoltaics under its UNI-SOLAR® brand – and a wholly owned subsidiary of Energy Conversion Devices (Nasdaq:ENER) – announced that a deal has been signed to install its newly-released and innovative PowerTilt™ solar roof system at the Daimler Truck and Bus North America – Bus Factory in Mississauga, Ontario, Canada.

This 435 KW project represents UNI-SOLAR's first PowerTilt™ installation in North America. The installation should be in operation before the close of 2010, and will be one of the largest solar installations in the greater Toronto area under the Canadian government's Feed in Tariff (FIT) program through the Ontario Power Authority (OPA).

As the lightest rack-mounted solar system currently available in the marketplace, PowerTilt™ offers unique product attributes, including a lightweight, durable structure, ease of installation with no roof penetrations and lower levelized cost of electricity (LCOE).

"PowerTilt is an attractive product for companies that want to do their part to use alternative energy while experiencing cost savings, but at the same time need a solar solution that remains lightweight and won't penetrate their current roof," said Mark Morelli, President and CEO of United Solar's parent company, Energy Conversion Devices. "Advanced technology solutions like PowerTilt™ will help drive our growth in this exciting market segment."

UNI-SOLAR's PowerTilt™ – designed with a 15 percent tilt to optimize an already high-performing technology by 10 to 20% – 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. It holds up against high winds, hail, and impacts. UNI-SOLAR brand laminates are also the solar industry's top performing product at absorbing energy in low-light situations.

[R-BgO]

August 11 2010

Energy Conversion Devices Announces Manufacturing Capacity Realignment


ROCHESTER HILLS, Mich., Aug. 11, 2010 (GLOBE NEWSWIRE) -- Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER), the leading global manufacturer of thin-film flexible solar laminate products for the building-integrated and commercial rooftop markets, today announced that it is realigning solar manufacturing capacity in its United Solar business among its existing facilities as part of its overall cost reduction activities. Effective in the fall of 2010, the company will shift certain final assembly operations from its Auburn Hills, Michigan campus to its Tijuana, Mexico facility. The company will continue to manufacture its proprietary solar cells at the Auburn Hills campus.

Mark Morelli, ECD's President and Chief Executive Officer, said, "We are aggressively reducing our cost structure to operate more effectively in the highly-competitive, global solar market, and, through these actions, we will better utilize our existing capacity in Tijuana, without any additional capital costs. Our Auburn Hills campus remains an essential part of our manufacturing footprint for our solar cells. In fact, we are now retrofitting one of our Auburn Hills manufacturing lines with our next generation technology, and we expect to have this retrofitted line in commercial production in the spring of 2011."

The Auburn Hills actions will result in the elimination of approximately 140 jobs at that campus, and employees affected by these actions will receive severance and outplacement. The company also indicated that it will be adding personnel to its Tijuana facility, including rehiring personnel who had previously been terminated due to global market conditions.

[R-BgO]

August 31 2010

Energy Conversion Devices Reports Fourth Quarter and Fiscal Year 2010 Financial Results


Fourth Quarter Solar Revenue Up 77% Over Prior Year, 25% Over Prior Quarter
Total Cash Position Improves to $205 Million
Project Pipeline Grows by Over 150 Megawatts

ROCHESTER HILLS, Mich., Aug. 31, 2010 (GLOBE NEWSWIRE) -- Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER), a leading global provider of thin-film flexible solar laminate products and systems for the building integrated and commercial rooftop markets, today announced financial results for its fourth quarter and fiscal year ended June 30, 2010.

Total consolidated revenues for the quarter were $86.2 million, compared to $51.4 million in the fourth quarter of fiscal 2009, a 68% increase, and $72.4 million in the third quarter of fiscal 2010, a 19% increase. Solar product and system sales for the quarter were $81.3 million, compared to $46.0 million in the same quarter last year, a 77% increase, and $65.1 million in the third quarter of fiscal 2010, a 25% increase.

For the fourth quarter, the company reported a loss of $20.4 million or $0.48 per fully diluted share compared to a net loss of $17.6 million or $0.42 per fully diluted share in the year-ago period. This compares to a net loss of $26.8 million or $0.63 per fully diluted share in the third quarter of fiscal 2010, which excluded a non-cash impairment charge of $358.0 million or $8.46 per share.

The company reported an increase in cash, cash-equivalents and short-term investments of $7.4 million during the quarter, compared to a decrease of $38.3 million in the fourth quarter of fiscal 2009 and a decrease of $19.6 million in the third quarter of fiscal 2010. The company's total reported cash position at the end of the fiscal year stood at $204.7 million, which includes $11.7 million of restricted cash.

Fourth quarter net results were negatively affected by the following items, which had an aggregate effect of $11.0 million: under-absorption of factory overhead costs of $6.2 million, a restructuring charge of $1.3 million, inventory reserves of $2.4 million and a net foreign currency transaction loss of $1.1 million. In addition, the company recognized a non-cash gain on the early extinguishment of debt of $4.3 million due to the exchange of $23 million par value of the company's outstanding convertible notes for common stock. The net impact of these items was an increase of the quarter's net loss by $6.7 million, or $0.16 per fully diluted share.

Mark Morelli, ECD's President and Chief Executive Officer said, "Our fourth quarter results demonstrate solid progress. We have expanded shipments, reduced inventory, improved cash flow and increased revenue on a sequential basis. We remain aggressively focused on improving sales and margins and bringing our overall costs down. Our demand creation activities continue to gain traction as we have added 150 megawatts to our project pipeline."

For the fiscal year ended June 30, 2010, total consolidated revenues were $254.4 million compared to $316.3 million in the prior year. Solar product and system sales were $230.2 million for fiscal 2010 compared to solar product sales of $295.0 million in the prior year. Net loss for fiscal year 2010 was $456.0 million or $10.72 per fully diluted share versus net income of $8.5 million or $0.20 per fully diluted share in the year-ago period, as adjusted due to the implementation of FASB ASC 470-20. Fiscal year 2010's net loss was impacted by several items including non-cash impairment charges of $359.2 million, restructuring charges of $4.7 million, transaction costs from the acquisition of Solar Integrated Technologies of $3.0 million, non-cash losses on asset disposals of $1.1 million, net foreign currency transaction losses of $2.4 million and the $4.3 million non-cash gain on the early extinguishment of debt described above. When taken collectively, these items increased fiscal year 2010's net loss by $366.1 million or $8.61 per share.

[R-BgO]

jämmerliche Zahlen...

Wenn denen nicht bald was einfällt, macht es irgendwann bumm.

Obwohl die Bilanz immer noch solide ist.

[eric949]

Bin hier heute mal mit einer überschaubaren spekulativen Posi rein.

Auch wenn sich in Deutschland keiner für die Aktie zu interessieren
scheint, denke ich dass sich ein Einstieg lohnen könnte, nachdem sich
bei ca. 4 Dollar ein doppelter Boden gebildet hat - auch wenn die Aktie
natürlich nicht gerade ohne Risiko ist.

Falls hier noch jemand investiert ist, wäre es nett hier mal was zu
lesen, dann ist hier im Thread zumindest nicht komplett tote Hose.

Gruß
Eric

[Pebbles]

Antwort auf Beitrag Nr.: 40.216.976 von eric949 am 27.09.10 16:07:46

Der Aktionär hat ja in der letzten Ausgabe diese Aktie (spekulativ) empfohlen.

Ich bin skeptisch, denn die Dünnschicht-Technik ist schon mit vielen potenten Firmen gut besetzt. Der Preisdruck ist enorm. Selbst wenn man eine gute Techni hat --- das entscheidende ist der Preis und das Vertrauen, dass die Firma auch 20 - 25 Jahre existiert - denn das ist die Garantiezeit die auf die Performance gegeben werden muss.

Mit diesen Problemen haben alle auch innovativen und technisch vielleicht sogar überlegenen Firmen zu tun.

Ich bin deshlab investiert in First Solar, die ein Big Player im Markt sind und damit auch eine bessere Kostenstruktur hat wie eine kleinere Firma (in der Regel).

Nichtdestotrotz verfolge ich die Firma, denn sie haben ja auch neue Techniken entwickelt, die durchaus ihren Weg machen können. Doch das Risiko ist nicht klein, sich dort zu beteiligen.

[eric949]

Antwort auf Beitrag Nr.: 40.236.281 von Pebbles am 29.09.10 23:04:21

Danke für´s Feedback.

Schön, dass auch der Aktionär die Aktie als kaufenswert empfindet.
Dem Umsatz in Deutschland hat das trotzdem nicht groß auf die Sprünge
geholfen.

Auch wenn ich hier nur mit einer überschaubaren Position rein bin,
hatte ich mich vorher genau mit der Firma und ihren Produkten
beschäftigt.

Deshalb ein paar Anmerkungen zu Deinen Kritikpunkten - aber korrigiere
mich bitte, wenn Du Dinge anders siehst oder andere Informationen hast:

- ECD stellen keine normalen Dünnschicht-Module her, sondern unter anderem
biegsame Solarmodule, die ich eher als eine Art Solarfolie bezeichnen würde.
Diese kann auch auf Dächern angebracht werden, für die klassische Module
ungeeignet sind, z.B. Dächer mit Krümmung und schächerer Statik.

- Das ist meiner Ansicht nach eine ziemliche Marktnische und ECD ist in diesem
Segment soweit ich weiss der weltweit größte Produzent.

- Deshalb lässt sich ECD und deren Preisstruktur meiner Meinung nach auch
nur bedingt mit den Bigplayern vergleichen - denn wenn jemand ein
Dach hat, auf dem man keine normalen Module installieren kann, dann bleibt
ihm ausser der "Solarfolie" wohl nicht viel anderes übrig.
Frage: Weisst Du, ob grosse Solar-Hersteller (z.B. in China) solche
"Solarfolien" auch im Programm haben ?
Soweit ich weiss ist dies nicht der Fall, aber ich habe jetzt auch nicht alle
Websites der großen Solarkonzerne danach gechecked.

- Klar ist aber so oder so, dass die Herstellungskosten gesenkt werden müssen.
Den letztlich ist meiner Ansicht nach der Knackpunkt, ob ECD endlich mal
profitabel wird, was nur über weitere Kapazitätsaufstockungen und geringere
Kosten möglich sein dürfte.

- Die Firma gibt es bereits seit mehr als 25 Jahren, hat sich also im
Markt etabliert. Ausserdem sind die Produkte ästhetisch sehr geschmackvoll,
was auch einen Mehrwert gegenüber Standard-Solarmodulen darstellt.
Nicht zu vergessen neue Produkte wie die Solar-Ziegel.

- Charttechnisch ist der Wert in den letzten Jahren massiv abgesackt.
Also hab ich mir gesagt:
Wenn nicht jetzt, wann dann.
Ich habe einen engen Stop-Loss knapp unter die 4 Dollar-Marke gesetzt, das
Risiko dürfte sich meiner Meinung nach also in Grenzen halten.

Alles natürlich nur meine Meinung und keine Kaufempfehlung.

Würde mich über ein weiteres Feedback freuen - hier im Thread ist ja sonst
so wenig los.

Gruß
Eric

[Pebbles]

Antwort auf Beitrag Nr.: 40.241.090 von eric949 am 30.09.10 15:48:35

Heute Alleinstellungsmerkmale auf dem Solarsektor zu finden, ist schwer.

Flexible und sogar transparente Dünnschicht-Solarprodukte gibt es von doch schon einigen Firmen. Anbei eine Zusammenstellung, die ganz vernünftig ist:

http://gigaom.com/cleantech/faq-thin-film-solar/

Entscheidend scheint neben der Qualität die Langzeitstabilität (es wird mittlerweile von 30 Jahren Haltbarkeit ohne Performanceverlust geredet) sowie die Ausbeute auch an heißen Tagen und bei widrigen und difusen Wetterbedingungen zu sein. Flexibilität scheint fast schon ein Standard zu sein und sogar weitgehend transparente Folien werden bereist für Verglasungen angeboten.

Auf die richtige Firma zu setzen gleicht einer Suche nach der Stecknadel im Heuhaufen. Jeder hat so seine Firma auf die er setzt, aber meist ist es die falsche.

Ich bin noch unentschlossen, auf welche Firma ich setze. Die Dünnschichttechnologie wird wohl eine Me tooTechnologie werden, die wohl langfristig von den Chinesen erobert wird mit den billigen Arbeitskosten.
Ich hoffe auf die DSSC-Technologie, an der z. B. Dyesol, SolarPrint, 3G Solar arbeiten. die Herstellkosten sind sehr niedrig. Allerdings ist diese Technik noch in den Kinderschuhen und die Ausbeute läßt auch noch zu wünschen übrig. Dafür produzieren diese Module auch noch Strom bei sehr schwachem Licht und die Module können beliebig eingefärbt werden, sind beliebig flexibel und auch transparent.

Aber wie gesagt --- einen sicheren und eindeutigen Weg bei der Auswahl der Firmen - den gibt es wohl nicht. Es ist zu vergleichen wie in den Anfängen der PC-Welt. Es gab 1.000 Microsofts; die meisten sind vom Markt verschwunden, nur eine Handvoll hat ihren Weg gefunden --- durch Zufall, bessere Marktbearbeitung oder sogar bessere Produkte. Wenn man von denen Aktien hatte --- dann kann man heute in Ruhe seinem Wohlstand frönen.

[eric949]

http://www.deraktionaer.de/xist4c/web/Krumme-Solar-Wette_id_…

Tipp des Tages

Krumme Solar-Wette

Die Solarbranche erzielt hohe Margen - Energy Conversion Devices (ECD) (WKN 858 643) macht Verluste. Das Gros der Solarfirmen produziert starre, kristalline Module - ECD hingegen biegsame Dünnschicht-Module. Die US-Firma ist anders. Doch hierin liegt auch eine große Chance. Denn ECD besetzt mit seinen flexiblen und leichten Solarpanelen eine quasi konkurrenzlose Nische. Auf Dächern mit Krümmung oder schwacher Statik gibt es wenig Alternativen. Im Oktober wird das Sortiment sogar um dünne Solar-Ziegel ergänzt.

Bedeutende Nische

Das Potenzial für diese Marktnische dürfte sich bis 2013 von derzeit 1,5 Gigawatt auf über 3 Gigawatt mehr als verdoppeln. Der Absatz war bereits zuletzt überraschend stark. So hat sich etwa der italienische Jeanshersteller Diesel dafür entschieden, auf seinen Fabrikhallen Solarfolien von ECD einzusetzen. Insgesamt steigerte der Solarhersteller die Umsätze im zweiten Quartal 2010 um 70 Prozent gegenüber dem Vorjahr auf 86 Millionen Dollar. Analysten hatten nur mit 72 Millionen Dollar gerechnet. Während ein Verlust je Aktie in Höhe von 0,60 Dollar erwartet wurde, lag der tatsächliche Fehlbetrag nur bei 0,48 Dollar. Alles ermutigende Zeichen, dass der seit Jahren defizitäre Solarhersteller das Ruder schneller als erwartet herumreißt.

Kräftige Kostensenkungen

Knackpunkt auf dem Weg zur Profitablität ist die Reduzierung der Produktionskosten. Bis zum ersten Quartal 2011 sollen sie von 2,21 Dollar auf 1,60 Dollar pro Watt fallen. Vorstandschef Mark Morell: "Ich bin zuversichtlich, dass wir durch die jüngsten Kostensenkungen und die gesteigerte Produktion den Break-even beim Cashflow ansteuern." Charttechnisch deutet sich die Trendwende bereits an. Die Aktie hat einen doppelten Boden ausgebildet und erstmals seit Jahresbeginn die 38- und 90-Tagelinie zurückerobert.

Antizylische Wette

Das Papier von Energy Conversion Devices ist riskant. Noch macht der amerikanische Solarhersteller Verluste. Doch die steigende Kunden-Akzeptanz der patentierten Solarpanele, sinkende Kosten und der Chart-Ausbruch sprechen für einen Einstieg. Stoppkurs beachten!

[coalmac]

Bin dabei!!!

Ich denke die Chancen sind sehr gut mit der Aktie in Zukunft Geld zu verdienen.

Der Verlauf der Aktie in der Vergangenheit hat meiner Meinung nach ein großes Aufholpotential welches ich nutzen werde. Noch mit Verlusten, aber vermutlich werden Ende 2011 wieder schwarze Zahlen geschrieben..dann wird die Rakete zünden! Wir werden sehen ob ich richtig liege!

VG aus Berlin coalmac

[Diva]

tote hose hier

[Diva]

Antwort auf Beitrag Nr.: 40.803.765 von Diva am 05.01.11 14:39:49

nöööö - kaum frägt man ....


http://investor.shareholder.com/ovonics/releasedetail.cfm?Re…


news von heute:


January 6, 2011
Photo Release -- UNI-SOLAR Brand Photovoltaics Set Sail on Royal Caribbean's Allure of the Seas

AUBURN HILLS, Mich. and FT. LAUDERDALE, Fla., Jan. 6, 2011 (GLOBE NEWSWIRE) -- United Solar, a leading global manufacturer of light-weight, flexible thin-film solar modules and a wholly-owned subsidiary of Energy Conversion Devices (Nasdaq:ENER), announced today that their UNI-SOLAR® brand photovoltaics have been installed on Royal Caribbean's Allure of the Seas cruise ship.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8566.

Royal Caribbean International launched the Allure of the Seas on December 5 out of Port Everglades in Ft. Lauderdale, FL, with UNI-SOLAR laminates installed by BAM Solar of Miami providing electricity for the ship's shopping district.

"UNI-SOLAR laminates were the only solution that works for such a unique solar application like this," said Andrew Rasken, President of BAM Solar. "We needed lightweight. We needed a solar product that doesn't require surface penetrations, one durable enough that people can walk on, and that will stand up to the rigors of the harsh elements of being at sea. UNI-SOLAR's product versatility, flexibility and numerous unique characteristics of the laminates were the perfect solution for this exclusive and fun application—one which BAM Solar is honored to have been selected to design, manage and install."

This project is BAM Solar's second installation of UNI-SOLAR laminates on a Royal Caribbean cruise ship.

"The first Oasis-class ship, Oasis of the Seas, has had such positive feedback for using solar that we knew we had to do it again with our Oasis' sister ship, Allure of the Seas," said Rasmus Norling, Royal Caribbean Cruises Ltd., Manager of R&D Environmental Technologies and Environmental Stewardship. "Royal Caribbean is devoted to environmental protection and is the industry leader in our commitment to energy sustainability. Solar is one part of that mission."

"United Solar has exciting new product developments in both commercial and residential solar," said Mark Morelli, President and CEO of United Solar's parent company, Energy Conversion Devices. "The use of our laminates on cruise ships is just one more application that has proven to be a great fit for our flexible, light-weight, durable product—powered by UNI-SOLAR. We are very pleased to have partnered with BAM Solar on this very unique installation."

About BAM Solar

BAM Solar designs, creates, installs, monitors and provides maintenance for solar energy solutions for commercial businesses, offering the ability to obtain renewable energy solutions in a cost-effective and efficient manner. It has created and serves a comprehensive and far reaching customer base, currently engaged in completing projects throughout the United States and abroad. BAM actively works with business owners, developers and management companies of office buildings, strip malls, restaurants, automobile dealerships, shipping lines and shopping centers in Finland, Haiti, New Jersey and Florida.

About Royal Caribbean International

Royal Caribbean International is a global cruise brand with 22 ships currently in service. The line also offers unique cruise tour land packages in Alaska, Canada, Dubai, Europe, Australia and New Zealand. For additional information or to make reservations, call your travel agent, visit www.royalcaribbean.com or call (800) ROYAL-CARIBBEAN. Travel professionals should go to www.cruisingpower.com or call [phone].

About Energy Conversion Devices/United Solar

Energy Conversion Devices (ECD) (Nasdaq:ENER) is a leader in building-integrated and rooftop photovoltaics. The company manufactures, sells and installs thin-film solar laminates that convert sunlight to energy using proprietary technology. ECD's UNI-SOLAR brand products are unique because of their flexibility, light weight, ease of installation, durability, and real-world efficiency. The company also designs, manufactures and installs rooftop photovoltaic systems, which enable customers to transform unused space on the rooftop into a value-generating asset. In addition, ECD's Ovonic Materials Division is the pioneer in NiMH battery technology, and is developing low cost fuel cells, hydrogen production from bioreformation, and hydrogen storage technologies. For more information, please visit www.energyconversiondevices.com.

CONTACT: Energy Conversion Devices Investor Relations Contact:

....

[Geldrausch]

Hab mir mal ne kleine Position gegönnt.
Der Aufwärtstrend als Unterstützung, mal sehen ob das klappt...

[Pebbles]

Antwort auf Beitrag Nr.: 40.843.318 von Geldrausch am 11.01.11 22:04:42

Habe schon einige Solaraktien und hatte dann zwischen Energy Conversion und Emcore geschwankt. Habe mich dann aber doch für Emcore entschieden, da sie einen exklusiven Kundenkreis haben und sich spezialisiert haben.

Wünsche Euch viel Glück mit der Aktie. Heute war ja nicht der beste Tag an der Nasdaq für die Aktie, aber sie befindet sich in einem mittelfristigen langsamen Aufwärtstrend.

[sellingandbuying]

Antwort auf Beitrag Nr.: 40.843.318 von Geldrausch am 11.01.11 22:04:42

Ich ebenfalls. Allein zum Trotz wegen der Investment-Bank-Barclays.

[Diva]

http://quotes.freerealtime.com/dl/frt/N?NewsStory=1

[R-BgO]

February 9 2011

Energy Conversion Devices Reports Second Fiscal Quarter Financial Results




United Solar Revenue Increases 44% Over Prior Year
Returns to Positive Cash Operating Performance (EBITDARS)
Achieves World Record 12% Efficiency for Thin-Film Silicon

AUBURN HILLS, Mich., Feb. 9, 2011 (GLOBE NEWSWIRE) -- Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER), a leading global provider of thin-film flexible solar laminate products and systems to the building-integrated, commercial and residential rooftop markets, today reported financial results for its second fiscal quarter of 2011 ended December 31, 2010.

Total consolidated revenue for the quarter was $69.5 million, an increase of 31% over the second fiscal quarter of 2010, and an increase of 2% over the previous quarter. Solar product and system sales were $66.5 million, an increase of 44% over the second fiscal quarter of 2010, and an increase of 2% over the previous quarter. Consolidated gross margin was 21% as compared to (15%) in the year-ago quarter, and 18% in the first fiscal quarter of 2011. During the quarter, ECD shipped 28 megawatts of its UNI-SOLAR® brand PV products, and produced 33 megawatts.

The company reported a net loss of $7.6 million, or $0.16 per share. This compares to a net loss of $39.3 million, or $0.93 per share, in the second fiscal quarter of 2010, and a net loss of $13.5 million, or $0.29 per share, in the prior quarter. Earnings before interest, taxes, depreciation and amortization and excluding restructuring and stock expense (EBITDARS) were $4.4 million in the quarter, compared to about zero in the prior quarter and ($20.4) million in the year-ago quarter.

As of December 31, 2010 the company had $182.6 million of cash, cash-equivalents, restricted cash and short-term investments.

"ECD generated meaningfully positive EBITDARS for the first time in four quarters, which is an effective measure of the company's progress on our path to profitability. We demonstrated significant improvement in reducing our cost structure during the second quarter. Gross margin increased to 21% and operating expenses declined significantly," said Mark Morelli, ECD's President and Chief Executive Officer.

"We are achieving the milestones in our technology roadmap laid out last year. First, we are on track to begin production this summer of our new PowerBond product with our next-generation High Frequency technology and 10% aperture-area conversion efficiency. At full production, we expect to manufacture this technology at a cost of approximately $1.15 per watt. In addition, we recently announced NREL confirmation of our Nano-Crystalline technology with an initial conversion efficiency of 12% in a large-area encapsulated cell, a world record for thin-film silicon. Both of these technological advancements will enable us to deliver our flexible, lightweight PV products at lower prices, thereby positioning us amongst the best-in-class on the cost of solar energy."

"North America is rapidly growing as a large core market for us. For example, last quarter we sold 5.4 megawatts to Constellation Energy for a large rooftop project in New Jersey, further demonstrating our traction with large-scale projects in the United States," Morelli continued.

The company provided guidance for the second half and full fiscal year of 2011 as follows:

Q3'11 Q4'11 FY 2011
Shipments (MW) 27-33 33-38 120-130
Production (MW) 27-33 30-33 125-130
Consolidated Revenue ($M) 55-65 115-130 310-335
Consolidated Gross Margin (%) 19-22% 12-15% 17-18%
SG&A and R&D Expense ($M) ~19 ~18 ~75
Restructuring Charges ($M) ~2 ~1 ~3
Pre-Production Expense ($M) ~0 ~2 ~2
Interest Expense ($M) ~6 ~6 ~27
Tax Expense ($M) ~0.1 ~0.1 ~1
Capital Expenditures ($M) ~10 ~15 ~45
Morelli concluded, "Our guidance for the third quarter reflects a decrease in revenue but an increase in shipments compared to the second fiscal quarter. Specifically, we expect an increase in the relative amount of system shipments in the coming quarters. Due to the timing of project construction, revenue from system shipments is not recognized contemporaneously. Thus, the revenue for the system shipments in the third quarter will be recognized over subsequent quarters. Additionally, our fourth quarter guidance anticipates projects that include sourced products not included in our shipment guidance. Our fourth quarter revenue guidance and our increased full fiscal year revenue guidance reflect the shift in our business mix from product sales to system sales. As we continue to implement our technology roadmap and execute on our path to profitability, I am confident that we are doing the right things to continue moving the company forward."

[petervale2002]

Das Earnings before costs ist bestimmt auch sensationell hoch.

[Pebbles]

An der Aktie war ich auch einmal interessiert. Ich habe sie aber dann doch nicht gekauft sondern die chinesische Aktie Yingli Green. das war scheinbar eine gute Entscheidung wenn ich mir den Kurs so anschaue.

[R-BgO]

The Associated Press, On Friday March 11, 2011, 12:19 pm EST
Shares of Energy Conversion Devices Inc. tumbled Friday after the company said changes in two of its key markets -- France and Italy -- are forcing it to reconsider its near-term financial outlook.

THE SPARK: The Rochester Hills, Mich., company said Thursday that a "dramatic and abrupt shift" in French and Italian solar incentive structures affected its business. CEO Mark Morelli said uncertainty has caused financing sources to put projects on hold and might affect as much as 50 percent of the company's quarterly forecasted revenue.

"We expect better visibility on the timing of our projects after the announcement of the new Italian feed-in-tariff program and the French tender process," Morelli said. "Nevertheless, for the quarter ending March 31, 2011, we are reducing production to 25 megawatts and are also aggressively pulling back on our cost structure."

He added that results will be hit by restructuring and factory under-utilization charges.

THE BACKGROUND: The company makes, sells and installs thin-film solar laminates that convert sunlight into energy and rooftop photovoltaic systems.

SHARE ACTION: Down 82 cents, or more than 25 percent, to $2.36 in morning trading.

[R-BgO]

Restrukturierung die nächste:


May 10, 2011

Energy Conversion Devices Reports Third Quarter 2011 Results; Launches Strategic Corporate Restructuring

Announces Departure of President and CEO; Jay Knoll Named Interim President
Restructuring Expected to Provide at Least $20 Million in Annual Savings


AUBURN HILLS, Mich., May 10, 2011 (GLOBE NEWSWIRE) -- Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER), a leading global provider of flexible thin-film solar laminate products and systems to the building-integrated and commercial rooftop markets, today reported financial results for its third fiscal quarter of 2011 ended March 31, 2011, and said it will implement a strategic corporate restructuring to better position and focus the company for success in the rapidly evolving solar industry.

Total consolidated revenue for the quarter was $21.5 million, a decrease of 70% over the third fiscal quarter of 2010, and a decrease of 69% over the previous quarter, due primarily to significant industry-wide disruptions in the company's key European solar markets. The company reported a net loss of $243.2 million, or $4.88 per share, which included non-cash impairment charges of $222.8 million, or $4.47 per share, compared to a net loss of $385.0 million, or $9.10 per share, in the third fiscal quarter of 2010, which included a non-cash impairment charge of $358.0 million, or $8.46 per share. Excluding impairment charges, the net loss in the third fiscal quarter of 2011 was $20.4 million, or $0.41 per share, compared to a net loss of $27.0 million, or $0.64 per share, in the third fiscal quarter of 2010.

As of March 31, 2011, the company had $172 million of cash, cash-equivalents, restricted cash and short-term investments.

Corporate Restructuring

The company said it is implementing a strategic corporate restructuring that will include a reduction in its workforce of approximately 300 employees or 20% of the company's current associates worldwide. In addition, the Board of Directors appointed Jay Knoll as Interim President, replacing former President and CEO Mark Morelli, who has resigned. Knoll formerly served as Executive Vice President, General Counsel and Chief Administrative Officer. In addition, Ted F. Amyuni, Executive Vice President, Global Sales; William C. "Kriss" Andrews, Executive Vice President and Chief Financial Officer; Joseph P. Conroy, Executive Vice President, Operations and Dr. Subhendu Guha, Executive Vice President, Photovoltaic Technology and Chairman, United Solar Ovonic will continue in their current roles and work with Knoll as members of the senior leadership team. The Board has also initiated a search for a permanent CEO.

"These actions will enable ECD to better meet the needs of the dynamic global solar market and will strengthen our ability to respond to this changed industry environment," said Stephen Rabinowitz, Chairman of the ECD Board of Directors. "Our Board is confident that Jay Knoll and the other members of the senior management team, who have extensive experience in our business and industry, executive management and corporate restructuring, will provide strong leadership as we search for a permanent chief executive to lead the organization."

Rabinowitz continued, "We firmly believe that the restructuring, the continuing implementation of our technology roadmap and our strong cash balance position the company for success as a leader in flexible thin-film PV technology and its applications."

As part of its restructuring, ECD will focus on its growing North American business, concentrate on its two-step distribution model with existing and new channel partners, and pursue opportunities in fast-growing emerging markets. At the same time, the company will maintain its commitment to key European markets as they stabilize. The company will continue to focus on the commercialization of its next-generation technologies, including its High Frequency and Nano-Crystalline technologies to improve conversion efficiency and lower costs. ECD's technology roadmap is designed to enable the company's flexible solar products to compete more effectively with standard grid electricity, particularly on rooftop applications.

The company incurred restructuring charges of approximately $2 million in the third quarter and expects to incur additional restructuring charges of approximately $4 million in the fourth quarter. The company's actions will provide annualized savings of at least $20 million in manufacturing operations and corporate overhead.

The impairment charge in the third quarter is an accounting adjustment that does not affect the cash position of the company or the usability of its assets. Going forward, this charge will mean lower depreciation expense by approximately $3 million per quarter.

Quarterly Results

Third fiscal quarter solar product and system sales were $18.7 million, a decrease of 71% over the third fiscal quarter of 2010, and a decrease of 72% over the previous quarter. Consolidated gross margin was 16.3% as compared to 2.0% in the year-ago quarter, and 21.4% in the second fiscal quarter of 2011. During the quarter, ECD shipped 12 megawatts of its UNI-SOLAR® brand PV products, and produced 26 megawatts.

"Industry-wide disruptions in key European markets impacted our business in the quarter as many of our projects and orders were postponed," said Jay Knoll, Interim President. "The abrupt shifts in European solar policies are having a profound impact on the outlook for the global solar industry and our business. Our restructuring actions are designed to align our business with these new realities in the solar industry. However, we remain confident in the growing adoption of solar technology."

Knoll added, "Besides our continuing opportunities in Europe, we anticipate future growth in solar demand will occur more rapidly in regions such as North America, where we have already gained meaningful traction with our unique solar products in large projects. We are also expanding our network of channel partners in the Americas through our Business Alliance Program and we are opening a manufacturing facility in Southern Ontario that will allow projects with our products to qualify for that region's excellent solar incentive program. Our joint venture in Tianjin, China is starting to see shipment growth and we continue to win orders in emerging markets in the Middle East and Asia. Our new Open Solar initiative will seek to find new applications for our unique products and we are optimistic that it can drive future volume for our business."

"The cornerstone of our refocused strategy is the execution of our technology roadmap. Our High Frequency product will be available later this year, and we have already started retrofitting equipment with our next-generation Nano-Crystalline technology at our Greenville campus. We are confident we are taking the right steps toward sustainable growth and profitability," Knoll concluded.

Conference Call / Webcast Details

Management of Energy Conversion Devices will discuss this announcement and review the third fiscal quarter financial results on a conference call today, May 10, 2011, at 10:00 a.m. ET. To participate in the conference call, please dial [phone] or [phone] (international) at least 10 minutes prior to the start of the call. Callers will need to reference conference ID number 63346919. The conference call will be webcast live over the Internet and can be accessed in the Investor Relations section of the company's website at energyconversiondevices.com under "Events". The webcast will also be archived on the Company's website.

[petervale2002]

Noch so ein Quartal, und die Firma ist pleite, wie ich das beim Überfliegen verstehe.

[Kubanisch_Rauchen]

Schade eigentlich, die Bude gibt es jetzt über 10 Jahre und scheinbar schaffen sie es nicht aufrecht zu bleiben

Wie lange die wohl noch leben werden ...???

[Pebbles]

Antwort auf Beitrag Nr.: 41.671.696 von Kubanisch_Rauchen am 20.06.11 15:40:38

Ich hatte die Aktie auch mal auf meiner Watchlist, doch die Aussichten waren mir zu wage. Zum Glück bin ich nicht eingestiegen.

Was ist denn eigentlich schlimmes passiert?

[Kubanisch_Rauchen]

Wenn ich es richtig verstanden habe kriegen die die Produktion nicht richtig umgesetzt und die Produkte sind zu teuer.

R-BgO kann vielleicht mehr sagen, da er die Bude schon längere Zeit beobachtet.

[R-BgO]

July 19 2011

Energy Conversion Devices to Divest Ovonic Battery Company




AUBURN HILLS, Mich., July 19, 2011 (GLOBE NEWSWIRE) -- Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER), a leading global manufacturer of thin-film flexible solar laminate products and systems for the building-integrated and commercial rooftop markets, today announced that it is initiating a process to divest its Ovonic Battery Company (OBC) subsidiary.

OBC's principal activities are licensing its advanced battery technologies (including nickel-metal-hydride ("NiMH") and lithium-ion technologies), participating in joint development programs to support application of these technologies, and manufacturing mixed-metal hydroxide cathode materials for sale to its licensees for use in battery production. OBC invented the NiMH rechargeable battery technology that is used globally in most hybrid-electric vehicles, and in many consumer and commercial rechargeable batteries.

OBC has demonstrated great value through sustainable profitability, a strong and growing royalty and license-fee revenue stream, and high-potential growth opportunities. Through its innovative R&D activities, OBC has advanced the state-of-the-art of cathode materials for lithium-ion batteries, and has an established patent position and world-class manufacturing capability for its proprietary nickel hydroxide cathode materials. OBC is also developing a new technology, the Proton-ion battery, with higher energy density and lower cost than today's battery technologies.

"ECD's Ovonic Battery Company is a pioneer in developing advanced battery technologies for consumer, stationary and vehicle applications, and enjoys tremendous success licensing its technologies worldwide. Given ECD's focus on its solar business, we have elected to seek a buyer that will leverage Ovonic Battery Company's substantial technology portfolio and provide it with a platform for expanding the commercialization and licensing of its advanced battery technologies," said Jay Knoll, Interim President of ECD.

For more information on the sale process, please direct inquiries to André A. Augier of Quarton Partners at [phone].

[R-BgO]

Antwort auf Beitrag Nr.: 41.682.047 von Kubanisch_Rauchen am 22.06.11 10:39:30

ECD ist m.E. ein klassisches Beispiel für schlechtes Management.

Im Prinzip haben sie ein echt differenziertes Produkt: leicht und flexibel, für Dächer auf die sonst nichts draufgeht. Aber offenbar kriegen sie das im Vertrieb nicht umgesetzt.

Vielleicht ist das Produkt aber auch nicht so toll. Habe keine eigenen Erfahrungen, aber es gibt da einen Poster im Internet: ECDfan -wahrscheinlich Ami- der immer wieder negatives über Haltbarkeit und Wirkungsgrad zu berichten weiss...

Im Prinzip gucke ich hier nur noch manchmal hin, um etwaige technische Neuheiten zu entdecken, denn darin sind sie wohl echt gut.

Und wie die letzte Meldung zeigt, verkaufen sie die dann oft auch wieder.

[noodle]

ecd.fan ist der vermutlich am härtesten arbeitende troll im internet.
wer wissen will, was basher 24/7 zu leisten vermögen, der sollte sich mal an seine fersen heften. unglaublich der mann.

der ECD-kurs wird gerade systematisch nach unten manipuliert.

[Diva]

Antwort auf Beitrag Nr.: 41.823.903 von noodle am 21.07.11 14:32:27

wie ist denn hier das aktuelle KGV - danke

diva

[petervale2002]

Antwort auf Beitrag Nr.: 41.893.821 von Diva am 04.08.11 17:31:24

Kein Gewinn - kein KGV.

[Diva]

Antwort auf Beitrag Nr.: 41.894.482 von petervale2002 am 04.08.11 18:29:39

danke ...

was sagt dann umsatz zu marktkapitalisierung?? um eine andere kennziffer zu bemühen, eben das KUV ...

[R-BgO]

Ovonic Battery Company Extends NiMH License with GS Yuasa

ROCHESTER HILLS, Mich., Aug. 15, 2011 (GLOBE NEWSWIRE) -- Ovonic Battery Company, Inc. (OBC) a subsidiary of Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER), announced it has extended its license agreement with GS Yuasa International Ltd., in which OBC is granting GS Yuasa a license to use nickel-metal-hydride (NiMH) technology developed and patented by OBC. GS Yuasa is a holding company jointly established by Yuasa Corporation and Japan Storage Battery Co., Ltd. (JSB). Yuasa has been an OBC licensee since 1995 and JSB has been an OBC licensee since 1999. The new agreement extends the license for the life of licensed patents.

"We are pleased to continue and extend our relationship with GS Yuasa, a global leader for consumer rechargeable batteries," said Michael Fetcenko, President of Ovonic Battery Company. "The market for NiMH continues to grow and expand into new areas, including industrial applications such as telecommunications, UPS and smart grid energy storage. OBC continues to advance NiMH technology to deliver improved performance, including energy, power, cycle life, high temperature performance and cost reduction. By providing new and existing licensees access to advanced technology, we facilitate market growth and increased royalty revenue."

[Diva]

August 25 2011

Energy Conversion Devices Reports Fourth Quarter and Fiscal Year 2011 Financial Results


Shipments Increase 39% Over Prior Quarter

Challenges in Key European Markets Drive Lower Annual Revenue

Company to Divest Ovonic Battery subsidiary

AUBURN HILLS, Mich., Aug. 25, 2011 (GLOBE NEWSWIRE) -- Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER), a leading global provider of flexible thin-film solar laminate products and systems for the building-integrated and commercial rooftop markets, today announced financial results for its fourth quarter and fiscal year ended June 30, 2011.

Total consolidated revenues for the quarter were $73.1 million, compared to $21.5 million in the third quarter of fiscal 2011, a 240% increase, and $86.2 million in the fourth quarter of fiscal 2010, a 15% decrease. Solar product sales for the quarter were $28.9 million, compared to $17.5 million in the previous quarter, an increase of 65%, and $66.9 million in the same quarter last year, a 57% decrease. Solar system sales for the quarter were $41.3 million compared to $1.1 million in the prior quarter, and $14.4 million in the year-ago quarter. Most of the $41.3 million of solar system revenue in the fourth quarter was attributable to a single large project in Italy, which is now substantially complete.

Shipments of solar laminates in the quarter were 15.9 megawatts ("MW") compared to 11.4 MW in the previous quarter, an increase of 39%, and 33.8 MW in the year-ago quarter, a decrease of 53%.

For the fourth quarter, the company reported a net loss of $42.1 million or $0.84 per share, which includes a non-cash impairment charge of $6.0 million, or $0.12 per share. This compares to a net loss of $243.2 million, or $4.88 per share, in the previous quarter, which includes a non-cash impairment charge of $222.8 million or $4.47 per share. The net loss in the fourth fiscal quarter of 2010 was $20.9 million or $0.49 per share.

Fourth quarter net results were negatively affected by under-absorption of factory overhead costs of $9.5 million, the previously noted non-cash impairment charge of $6.0 million due to the write-down of the company's outstanding development loan for certain solar projects in Italy, a $4.1 million charge for raw materials and other commitments, a $2.3 million adjustment to the carrying value of certain inventory, and a restructuring charge of $4.6 million related to employee severance costs from the company's previously announced strategic corporate restructuring. The net impact of these items was an increase of the quarter's net loss by $26.5 million or $0.53 per share.

As of June 30, 2011, the company had $140.7 million of cash, cash-equivalents, short-term investments and restricted cash, compared to $172.0 million as of March 31, 2011. The company's decrease in cash was due primarily to the cash loss from operations, timing of receipts and disbursements for system projects and capital spending on the technology roadmap.

For the fiscal year ended June 30, 2011, total consolidated revenues were $232.5 million compared to $254.4 million in the prior fiscal year. Combined solar product and system sales were $220.1 million for fiscal year 2011 compared to $227.3 million in the prior fiscal year, a decline of 3%, driven primarily by lower total shipments of 85.7 MW versus 95.4 MW in the prior year and lower average selling price, offset by an increase in system sales.

The net loss for fiscal year 2011 was $306.4 million or $6.41 per share compared to a net loss of $457.2 million or $10.75 per share in the year-ago period. Excluding non-cash impairment charges of $228.8 million and $359.2 million, respectively, the net loss for fiscal year 2011 was $77.6 million, or $1.62 per share, compared to $98.0 million, or $2.30 per share, in fiscal year 2010.

Jay Knoll, ECD's Interim President, said, "Our quarterly increase in shipments and revenue is a step in the right direction, as we are starting to see signs of returning growth in key European markets, following two disruptive quarters caused by market uncertainties. We are also continuing to expand our North American business, where we recently completed the largest operating solar rooftop project in North America and one of the largest solar rooftop projects in Ontario. Overall, we see trends in key solar markets that are favoring our unique rooftop products and we are focused on executing on these opportunities to further improve our sales.

"We are proud to announce our newest initiative, Open Solar™. By unlocking third-party innovation using our solar cells and laminates, we can expand our addressable markets while defining new product categories. Also, we will seek to more thoroughly integrate our products into building materials and everyday applications which will drive down the total cost of solar energy and increase market adoption of solar technology."

Knoll added, "At the same time, we recognize the urgent need to improve our competitiveness now and for the future in response to fundamental shifts in market dynamics and are therefore focused on our strategic corporate restructuring to reduce cost, globalize our sales and enhance our technology. As part of these initiatives, we have completed a company-wide reduction-in-force of approximately 300 associates which we expect will reduce labor expenses by more than $15 million on an annual basis coupled with an additional $5 million of other annualized cost reductions. We are also closely examining our technology roadmap to find areas where we can reduce capital expenditures, improve manufacturability and shorten ramp-up times. While this may result in near-term delays to our roadmap, we will ultimately strengthen our operational capabilities to deliver higher-efficiency and lower-cost products to our customers."

"In addition, we recently announced that we would divest our Ovonic Battery Company subsidiary to focus on our solar business. We believe that we are taking the right steps to improve the company's operations and strengthen the company for the future," concluded Knoll.

Conference Call / Webcast Details

Management of Energy Conversion Devices will review these financial results on a conference call on Thursday, August 25, 2011, at 10:00 a.m. ET. To participate in the conference call, please dial [phone] or [phone] (international) at least 10 minutes prior to the start of the call. Callers will need to reference conference ID number 91537072. The conference call will be webcast live over the Internet and can be accessed in the Investor Relations — Events section of the company's website at energyconversiondevices.com. The webcast will also be archived on the Company's website.

About Energy Conversion Devices


...........................................................


ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS
(In thousands)

Quarter Ended June 30, Year Ended June 30,
2011 2010(1) 2011 2010(1)
Revenues




Product sales $ 28,961 $ 66,889 $ 154,691 $ 200,451
System sales 41,290 14,362 65,832 29,781
Royalties 2,147 1,852 8,070 7,984
Revenues from product development agreements 393 2,187 2,373 11,765
License and other revenues 317 864 1,580 4,435
Total Revenues 73,108 86,154 232,546 254,416
Expenses




Cost of product sales 40,276 67,756 144,966 203,510
Cost of System sales 42,178 13,645 65,280 33,087
Cost of revenues from product development agreements 214 1,775 1,006 9,399
Product development and research 2,904 2,530 10,259 11,347
Preproduction costs 304 223 397 305
Selling, general and administrative 13,720 16,645 63,079 66,797
Loss on asset disposal 20 (188) 95 1,108
Loss on asset impairment 6,028 -- 228,831 359,228
Restructuring costs 4,601 1,276 6,700 4,736
Total Expenses 110,245 103,662 520,613 689,517
Operating Income (Loss) (37,137) (17,508) (288,067) (435,101)
Other Income (Expense)
Interest income 380 371 2,603 1,331
Interest expense (5,513) (7,262) (25,404) (28,676)
Gain on debt extinguishment -- 4,294 3,327 4,294
Distribution from joint venture -- -- -- 1,309
Other non-operating income(expense) 495 (988) 1,609 (2,321)
Total Other (Expense) Income (4,638) (3,585) (17,865) (24,063)
Net income (Loss) before income taxes and equity loss (41,775) (21,093) (305,932) (459,164)
Income taxes 99 (293) 394 (2,248)
Net income (Loss) before equity loss (41,874) (20,800) (306,326) (456,916)
Equity Loss (194) (74) (91) (259)
Net income (loss) (42,068) (20,874) (306,417) (457,175)
Income (loss) attributable to noncontrolling interest (68) (73) (345) (113)
Net loss attributed to ECD stockholders (42,000) (20,801) (306,072) (457,062)
(Loss) earnings per share, attributable to ECD Stockholders $ (0.84) $ (0.49) $ (6.40) $ (10.75)
Diluted (Loss) Earnings Per Share, Attributable to ECD Stockholders $ (0.84) $ (0.49) $ (6.40) $ (10.75)

Basic weighted average shares outstanding 49,804 42,544 47,827 42,533
Diluted weighted average shares outstanding 49,804 42,544 47,827 42,533

(1) As adjusted due to implementation of FASB ASC 470-20 (See Note 1 of our most recent 10-K).

ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
(In thousands)

June 30,
2011 2010(1)
ASSETS
Current Assets:
Cash and cash equivalents $27,769 $79,158
Short-term investments 102,926 113,771
Accounts receivable, net 39,153 72,021
Inventories, net 68,499 61,495
Other current assets 29,022 27,237
Total Current Assets 267,369 353,682
Property, Plant and Equipment, net 91,275 301,056
Other Assets:
Restricted cash 10,009 11,749
Lease receivable, net 10,094 10,854
Other assets 9,731 14,606
Total Other Assets 29,834 37,209
Total Assets $388,478 $691,947
LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable and accrued expenses $46,958 $56,035
Current portion of warranty liability 13,642 12,125
Other current liabilities 9,897 9,130
Total Current Liabilities 70,497 77,290
Long-Term Liabilities:
Convertible senior notes 232,226 243,654
Capital lease obligations 19,018 20,296
Warranty liability 24,338 29,210
Other liabilities 17,350 19,872
Total Long-Term Liabilities 292,932 313,032
Commitments and Contingencies (Note 16)
Stockholders' Equity
Common stock, $0.01 par value, 150 million shares authorized, 53,311,152 and 48,554,812
issued at June 30, 2011 and 2010, respectively 533 486
Additional paid-in capital 1,106,961 1,079,910
Treasury stock (798) (700)
Accumulated deficit (1,080,460) (774,388)
Accumulated other comprehensive loss, net (729) (3,570)
Total ECD stockholders' equity 25,507 301,738
Accumulated deficit — noncontrolling interest (458) (113)
Total Stockholders' Equity 25,049 301,625
Total Liabilities and Stockholders' Equity $388,478 $691,947

(1) As adjusted due to implementation of FASB ASC 470-20 (See Note 1 of our most recent 10-K).

ENERGY CONVERSION DEVICES, INC. and SUBSIDIARIES
CONSOLIDATED STATEMENT OF CASH FLOWS
(In thousands)
Year Ended June 30,
2011 2010(1) 2009(1)
Cash flows from operating activities:
Net (loss) income $(306,417) $(457,175) $7,839
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Impairment loss 228,829 359,228 --
Depreciation and amortization 18,045 32,708 33,605
Amortization of debt discount and deferred financing fees 16,547 17,157 15,380
Share-based compensation 5,342 4,428 5,273
Gain on debt extinguishment (3,327) (4,294) --
Other-than-temporary impairment of investment -- -- 1,002
Net loss on disposal of property, plant and equipment 95 1,258 2,287
Equity loss 91 259 --
Other -- (180) (597)
Changes in operating assets and liabilities, net of foreign exchange:
Accounts receivable 33,783 (8,538) (17,376)
Inventories (4,097) 35,283 (43,054)
Other assets (5,855) (8,634) (7,054)
Accounts payable and accrued expenses (5,810) (7,201) 13,714
Other liabilities (1,376) 1,525 70
Net cash (used in) provided by operating activities (24,150) (34,176) 11,089
Cash flows from investing activities:
Purchases of property, plant and equipment (38,418) (31,992) (242,257)
Acquisition of business, net of cash acquired -- (2,088) --
Investment in joint venture -- -- (1,000)
Purchases of investments (87,316) (102,657) (203,355)
Proceeds from maturity and sale of investments 94,469 231,880 6,150
Proceeds from sale of property, plant and equipment 219 48 --
Development loans 7,177 (14,155) --
Increase in restricted cash 1,740 (10,186) --
Net cash provided by (used in) investing activities (22,129) 70,850 (440,462)
Cash flows from financing activities:
Principal payments under capitalized lease obligations and other debt (1,610) (1,549) (1,054)
Repayment of revolving credit facility -- (5,705) --
Repayment of convertible notes -- (8,000) --
Increase in long-term customer deposits -- -- --
Proceeds from sale of stock and share-based compensation, net of expenses -- -- 1,966
Net cash (used in) provided by financing activities (1,610) (15,254) 912
Effect of exchange rate changes on cash and cash equivalents (3,500) 1,359 348
Net increase (decrease) in cash and cash equivalents (51,389) 22,779 (428,113)
Cash and cash equivalents at beginning of period 79,158 56,379 484,492
Cash and cash equivalents at end of period $27,769 $79,158 $56,379

(1) As adjusted due to implementation of FASB ASC 470-20 (See Note 1 of our most recent 10-K).

CONTACT: Michael E. Schostak



........................



meinungen erwünscht und erbeten - DANKE

[Diva]

kurse usa vorbörslich ziehen an ... immerhin mit ~19k im volumen ...

hmmmm ... es bleibt spannend ...

[Diva]

"As of June 30, 2011, the company had $140.7 million of cash, cash-equivalents, short-term investments and restricted cash, compared to $172.0 million as of March 31, 2011. The company's decrease in cash was due primarily to the cash loss from operations, timing of receipts and disbursements for system projects and capital spending on the technology roadmap."


hmmm ...

[Diva]

also wenn ich das so lese:

"For the fiscal year ended June 30, 2011, total consolidated revenues were $232.5 million compared to $254.4 million in the prior fiscal year."


... ist dann der absturz nicht übertrieben ausgefallen????



fragen über fragen ....

[Diva]

The net loss for fiscal year 2011 was $306.4 million or $6.41 per share compared to a net loss of $457.2 million or $10.75 per share in the year-ago period.


bei den riesen-summen kann eseinem schon ganz schummrig werden ...

aber wenn ich es richtig übersetze, fiel das net loss bedeutend geringer aus ... will sagen: tendenz geht in die richtige richtung

sprach diva - die perfekte monologistin

[Diva]

http://quotes.freerealtime.com/dl/frt/N?NewsStory=1


sodele und gut isses für heute - ausser ... mir fällt noch was ein ...

[R-BgO]

lang dauert es nicht mehr:


November 8, 2011
Energy Conversion Devices Continues Execution of Restructuring Plan

Inventory level leads to temporary suspension of company's manufacturing operations
Continuation of strategic restructuring requires rationalization of existing cost structure
Beginning discussions with representatives of certain holders of company's outstanding convertible notes
Postpones quarterly financial results conference call



AUBURN HILLS, Mich., Nov. 8, 2011 (GLOBE NEWSWIRE) -- Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER), a leading global provider of flexible, lightweight solar laminates and systems for the building-integrated and commercial rooftop market, today announced several actions to further management's restructuring of the business in response to the dynamic and challenging solar market conditions. First, the company has temporarily suspended all manufacturing operations as an inventory control measure. Second, ECD continues to execute on its restructuring plan focusing on reducing cost, expanding addressable markets and enhancing its technology. Finally, management has begun discussions with representatives of certain holders of the company's outstanding Senior Convertible Notes due 2013. In light of these actions, ECD will postpone its quarterly financial results conference call until further notice. The company has provided preliminary operating results and cash holdings as stated below.

Manufacturing Suspended to Manage Inventory

The company announced today that it will temporarily idle its manufacturing facilities as an inventory management measure. As a result of this temporary suspension, approximately 400 manufacturing associates will be furloughed. The affected associates are located across the company's Michigan, Mexico and Ontario manufacturing facilities.

ECD will continue to serve its customers through its direct sales force and its global network of solar integrators and building materials suppliers. The company expects to resume production in its manufacturing facilities as soon as possible once the existing inventory has been sold and market conditions warrant. The company can return to normal production levels within 60 days.

Restructuring Plan

Begun in May of 2011, ECD has embarked on a strategic corporate restructuring in which every aspect of the company's strategy is being reassessed in light of the near-term disruptions in the solar industry. Among other efforts, the focus of this restructuring is to reduce cost, expand addressable markets through globalization and Open Solar™, and enhance the core solar technology by executing the technology roadmap. To those ends, the company has taken and is taking several significant steps.

To reduce cost and manage cash, ECD took personnel and other actions in June 2011 with an estimated annualized cash savings of $20 million. In addition, the company will further reduce its workforce by approximately 500 full-time associates by the end of the calendar year.

The company is starting to get traction in its efforts to enter new geographic markets. ECD has recently completed shipments to Brazil, South Korea, India, the Caribbean and China. Solar sales to customers outside of Europe and North America now account for about 40% of total shipments in the quarter, compared to 4% in the prior year's first quarter.

ECD's Open Solar initiative is designed to foster innovation around the unique UNI-SOLAR® technology through collaboration with third parties. Examples of Open Solar partners include Marcegaglia, one of Europe's largest steel producers, and GP Solar, a Hong Kong-based manufacturer of solar-powered rechargeable battery technology. Other products that are part of the Open Solar initiative include military products and consumer goods.

Consistent with the technology roadmap previously announced by the company, ECD is committed to enhancing its core thin-film solar technology by commercializing its patented Nano-Crystalline™ technology. Upgrades to existing capital equipment are underway at its Greenville, Michigan plant and the retrofitted line is expected to begin pre-production testing and optimization in mid-2012. With the successful implementation of this new technology, ECD expects to improve its products' sunlight-to-electricity conversion efficiency by up to 50%. This will provide the benefit of increasing marketability of the products with added value to customers, while significantly reducing ECD's production costs.

Preliminary Operating Results

For the first quarter of fiscal year 2012 ended September 30, 2011, the company expects to report total revenue of approximately $22 million. This compares to consolidated revenue of $65 million in the first fiscal quarter of 2011. In the first quarter, ECD's United Solar subsidiary shipped 11 megawatts (MW) of its unique UNI-SOLAR brand solar products in the face of sharp price declines and excess module supply across the industry.

As of September 30, 2011, the company held $130.2 million of cash, cash-equivalents, restricted cash and short-term investments, a reduction of $10.5 million during the quarter.

"These operating results highlight the challenges facing us and the solar industry today," said Jay Knoll, ECD's Interim President. "With reductions in incentives in our core European markets and a volatile credit market, solar projects are having tremendous difficulty closing. These factors combined with a flood of cheap modules from foreign manufacturers have created an environment where very few projects are getting completed without self-financing and steep discounts. The economics of this environment require us to rethink our approach to the sales process and rationalize our cost structure, both of which are currently underway."

Separately, ECD's Ovonic Battery Company (OBC) subsidiary generated $2.3 million in the quarter in combined royalties and license fees from its proprietary nickel-metal-hydride (NiMH) rechargeable battery technology. ECD announced in July that it intended to divest OBC in a closed-bid auction and is currently proceeding with this sales process.

Strategic Discussions

ECD believes that a successful repositioning of its United Solar business will require refinancing or restructuring of its outstanding Senior Convertible Notes due 2013. ECD intends to invest the proceeds from the sale of OBC in its United Solar business to support funding of its technology roadmap and Open Solar initiatives. ECD is considering a range of strategies to attract additional investment that may be required and has retained the financial advisory firm of AlixPartners to assist it in evaluating such strategies.

In connection with the foregoing, ECD has begun discussions with representatives of an informal group of holders of ECD's outstanding Senior Convertible Notes due 2013, regarding its repositioning efforts to explore the group's interest in restructuring the notes.

Quarterly Conference Call Postponed

In light of these restructuring actions and the ongoing strategic discussions referenced above, the company has decided to postpone its conference call previously scheduled to take place tomorrow, November 9. ECD will not file its Quarterly Report on Form 10-Q for the fiscal period ended September 30, 2011, by the deadline for such filing and intends to file a Form 12b-25 with the Securities and Exchange Commission. The company expects to file its Quarterly Report on Form 10-Q within the grace period prescribed by Rule 12b-25 under the Securities Exchange Act of 1934, as amended.

[R-BgO]

December 14, 2011
Energy Conversion Devices Provides Update on Discussions With Noteholders

AUBURN HILLS, Mich., Dec. 14, 2011 (GLOBE NEWSWIRE) -- Energy Conversion Devices, Inc. (ECD)(Nasdaq:ENER), a leading global provider of lightweight, flexible solar products and systems for the building-integrated and commercial rooftop markets, today provided an update on its ongoing discussions with certain holders of its Senior Convertible Notes due 2013 (Notes) and their representatives.

"We are working cooperatively with the informal noteholders group and continue to have meaningful and productive discussions regarding ECD's capital structure and future growth needs," said Jay Knoll, ECD's Chief Restructuring Officer. "We are continuing to pursue a repositioning of our solar business for future success."

In light of these ongoing discussions, ECD has elected to defer payment of the interest due tomorrow, December 15, under the Notes. The indenture governing the Notes provides the company a 30-day grace period to make the interest payment, during which ECD expects to continue discussions with the noteholder group. ECD is not currently experiencing significant liquidity constraints, but as stated previously, the company believes that a successful repositioning of its solar business will require additional investment and a restructuring or refinancing of its outstanding Notes.

Over the past three quarters, ECD has undergone a strategic corporate restructuring involving significant leadership changes, staffing and fixed cost reductions and a repositioning of its corporate strategy. This restructuring program calls on the company to broaden its geographic reach and to expand its addressable markets with new product launches and through its Open Solar™ initiative. The company is also focused on increasing the sunlight-to-electricity conversion efficiency of its products to improve marketability and reduce production costs. In addition, as part of its decision to focus on its solar business, the company is in the process of divesting its Ovonic Battery Company subsidiary.

[R-BgO]

Antwort auf Beitrag Nr.: 42.568.646 von R-BgO am 09.01.12 14:51:24

Habe eben meine verbliebene Position zu 20,8c das Stück verscheuert; immerhin kriege ich so noch die Orderkosten wieder...

Gekauft zu 23 Euro, aus Gier nicht verkauft zu 46 Euro...

Kann sein, dass sie überleben, aber wenn, dann wird der Wert daraus m.E. nicht mehr bei den Aktionären, sondern bei den bondholdern ankommen.

War ein spannender Wert.

Over and out

[leiro1]

Echt geiles Ding.....

[Kubanisch_Rauchen]

Jo, dadd Mopet kann zur Zeit echt schnell fahren

[R-BgO]

Antwort auf Beitrag Nr.: 42.592.168 von Kubanisch_Rauchen am 13.01.12 18:34:06

mein Timing ist unfehlbar...






katastrophal!

[Kubanisch_Rauchen]

Antwort auf Beitrag Nr.: 42.592.286 von R-BgO am 13.01.12 18:54:09

Tja, manchmal ist es komisch. Ich bewundere auch immer die, die genau den Tiefpunkt erwischen und genau am Top verkaufen. Die haben es drauf *ggg*

Ich tipp mal das der nächste Kandidat ASTI ist. Bin eh seit TFG total bullish für die.

Sag mal, hattest Du letztens die 8000 Mittage ge- und am Abend verkauft???

[R-BgO]

Antwort auf Beitrag Nr.: 42.592.352 von Kubanisch_Rauchen am 13.01.12 19:06:40

nope; in solar mache ich derzeit nix (außer bei Betreibern)

seitdem ich die FSLR Präsentation im Dez gehört habe, will ich auch nicht mehr "whack the mole" spielen

[Kubanisch_Rauchen]

... und ich sach noch, asti.

haste dir mal SLTZ angeschaut. die stellen sich neu auf

[Kubanisch_Rauchen]

Zitat von R-BgO: nope; in solar mache ich derzeit nix (außer bei Betreibern)

Zitat von Kubanisch_Rauchen: haste dir mal SLTZ angeschaut. die stellen sich neu auf

die werden jetzt betreiber

[R-BgO]

Antwort auf Beitrag Nr.: 42.593.980 von Kubanisch_Rauchen am 14.01.12 09:13:36

aber haben bei mir noch w-unseriös von früher versch...en.

[R-BgO]

Antwort auf Beitrag Nr.: 42.593.988 von R-BgO am 14.01.12 09:18:55

im Übrigen: Thread: Solar Thin Films

[boersen-rambo]

!

Dieser Beitrag wurde von CloudMOD moderiert. Grund: ohne Quellenangabe

[boersen-rambo]

Hier mit Quelle:

http://www.bloomberg.com/article/2012-01-12/a8B7g9wobi7U.htm…

[Kubanisch_Rauchen]

Nach Korrektur rockt die Bude weiter ...

not bad!

[doppelkeks]

...nach Konsolidierung könnte sie nun wiederum weiterrocken, vielleicht ...

[biberdieber]

Chapter 11:

Energy Conversion files for bankruptcy protection

http://www.reuters.com/article/2012/02/14/energyconversion-i…

[Kubanisch_Rauchen]

Rums ......

[leiro1]

... bums.... aus vorbei das wars - vorbei mit staying long....

Schade drum!!! BUT THATS LIFE...

[printguru]

Antwort auf Beitrag Nr.: 42.752.058 von leiro1 am 15.02.12 09:01:07

hatte beinahe am Vortag welche gekauft


solche Versager freiwillig in Insolvenz zu gehen


LG Printi

[Kubanisch_Rauchen]

Nun ja, die verkaufen jetzt erst mal das, was sie noch an "Wert" besitzt (Batteriesparte an BASF für, immerhin, 58Mio in Cash (http://www.wallstreet-online.de/nachricht/4603573-basf-ueber… und bedienen damit Bondholder und andere, da gibt es jede Menge offener Posten.. Gleichzeitig soll aber die Produktion weiter laufen. "Immerhin" hatten sie zum Dezember 2011 einen Gesamtumsatz von 20Mio US&. Das sollte sich steigern lassen.

Das hier könnte, meiner momentanen Ansicht, noch nicht zu Ende sein.

[R-BgO]

Antwort auf Beitrag Nr.: 42.749.340 von biberdieber am 14.02.12 17:23:45

siehe mein #234

[Kubanisch_Rauchen]

sowas sollte man nicht vergessen

http://www.solarserver.de/solar-magazin/nachrichten/aktuelle…

[leiro1]

... nun ja ich denke in der gestrigen Verlautbarung C11 etwas davon gelesen zu haben, daß die Stammaktien im Zuge C11 gelöscht werden?

Mir ist auch noch nicht klar, was sie damit meinen wenn davon geschrieben wird, das Bestmögliche für die stakeholder herauszuholen....

Paßt nicht ganz zusammen für mich???

[leiro1]

auch wenn hier ein Investor gefunden wird damit die "Weiterentwicklungen" über die Bühne gehen können - was haben die Aktionäre davon?

Ich fürchte hier ist der Schuldenberg zu groß auch wenn die Sache mit dem Kindle sicher positiv ist.

Vielleicht geht die Bude zu einem Spottpreis an einen Asiaten der dann die Früchte nach dem C11 ernten kann... zu Lasten der Kleinanleger...

[Kubanisch_Rauchen]

Zitat von leiro1: ... nun ja ich denke in der gestrigen Verlautbarung C11 etwas davon gelesen zu haben, daß die Stammaktien im Zuge C11 gelöscht werden?

Mir ist auch noch nicht klar, was sie damit meinen wenn davon geschrieben wird, das Bestmögliche für die stakeholder herauszuholen....

Paßt nicht ganz zusammen für mich???

Ich kann da im Moment auch nur tippen. Es könnte sein, dass es Gruppen gibt, die Direktinvestments geleistet haben in Form von Einlagen.

[Kubanisch_Rauchen]

!

Dieser Beitrag wurde von MODernist moderiert. Grund: auf eigenen Wunsch des Users

[leiro1]

... beiliegender link ist interessant...

aber wo bleibt da die Phantasie für steigende Kurse.... (Restbeteilung ovonix; geistiges Eigentum) ... gar nicht davon zu sprechen daß hier was von künftigen Teil des "Kindle"kuchens übrigbleibt wenn die Solaraktivitäten verkauft (und für mich ist das der Punkt!!) werden...



Quelle: finannachrichten.de bzw. solarserver.de

http://www.solarserver.de/solar-magazin/nachrichten/aktuelle…

[leiro1]

soeben auf der homepage (ovonic.com) unter den Titel restructuring gelesen:

Accordingly, unless the Company realizes greater-than-expected value from the sales process, the Company expects that no distributions will be made to holders of common stock and the common stock will be extinguished upon confirmation of the Chapter 11 plan.

Auf Deutsch grob übersetzt:
Dementsprechend sei denn, die Gesellschaft erzielt größer als erwarteten Wert aus dem Verkaufsprozess erwartet das Unternehmen, dass keine Ausschüttungen an Inhaber von Stammaktien durchgeführt werden und die Stammaktien werden nach der Bestätigung des Chapter 11-Plan gelöscht werden.

[leiro1]

... Auszug gestern - Detroid news:

Energy Conversion Devices to suspend stock market trading
By Melissa Burden The Detroit News Comments Energy Conversion Devices Inc., which along with its subsidiary United Solar Ovonic on Tuesday filed for Chapter 11 bankruptcy protection, said Thursday in a government filing that it will suspend trading its stock on the Nasdaq Stock Market on Feb. 24.
The Auburn Hills-based solar parts manufacturer said on Wednesday it received a notice from Nasdaq that the company's stock would be delisted from the market per listing rules. The company, in a filing with the U.S. Securities & Exchange Commission, said it doesn't plan to appeal the decision.
After delisting, Energy Conversion Devices may trade over the counter, but only if a market maker applies to quote its stock, ECD said in the filing.
Energy Conversion Devices, under the ENER ticker, was trading for about 28 cents a share early Thursday.



LEIRO1

[ultrawuffsn]

Antwort auf Beitrag Nr.: 42.765.251 von leiro1 am 17.02.12 09:13:09

bin mal long rein.mal sehn wann die shorties decken.

[Kubanisch_Rauchen]

Antwort auf Beitrag Nr.: 42.796.935 von ultrawuffsn am 23.02.12 16:40:22

Gelesen haste das Post oben nicht, oder?

[ultrawuffsn]

Antwort auf Beitrag Nr.: 42.796.935 von ultrawuffsn am 23.02.12 16:40:22

Diff. abs / Diff. rel: 0,023 EUR / 22,55%
Datum / Uhrzeit: 23.02.12 / 16:15:40
Geld / Brief: Geld: 23.02.12 - 16:47:17, Brief: 23.02.12 - 16:47:17 0,117 EUR / 0,132 EUR

[ultrawuffsn]

Antwort auf Beitrag Nr.: 42.796.967 von Kubanisch_Rauchen am 23.02.12 16:43:03

klär mich mal auf.kann kein englisch.

[Kubanisch_Rauchen]

Antwort auf Beitrag Nr.: 42.797.075 von ultrawuffsn am 23.02.12 16:55:09

Schiebs hier durch

http://translate.google.de/#auto|de|

[ultrawuffsn]

Antwort auf Beitrag Nr.: 42.797.215 von Kubanisch_Rauchen am 23.02.12 17:10:08

alles klar.also selber kein plan.
mal sehn ob es startet.

[Kubanisch_Rauchen]

Antwort auf Beitrag Nr.: 42.797.248 von ultrawuffsn am 23.02.12 17:13:44

Sag mal kein English können und dann diese Aktien kaufen. Alles klar, du hast echt keinen Plan. Am besten ist es du investierst alles was du hast, verkaufst Haus und Hof und die Olle gleich mit und investierst voll, am besten noch mit Schulden. Mach mal, übermorgen bist du reich

[ultrawuffsn]

Antwort auf Beitrag Nr.: 42.797.556 von Kubanisch_Rauchen am 23.02.12 17:46:38