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Bear of the Day

Energy Conversion Devices (ENER)

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By: Ian T. Gilson
December 17, 2009 |Comments: 0
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Although we expect significant declines in both revenues and earnings in fiscal 2010 for Energy Conversion Devices (ENER), revenue should improve in 2011, assuming an improvement in overall economic conditions.

The company has announced a significant reduction in headcount. However, it is likely that the company will not be net free cash flow positive in the forseeable future.

We have changed our recommendation to Underperform and dropped our price target to $10.00.

Energy Conversion Devices (ENER) : FULL ANALYST REPORT

Bear of the Day
Every day we feature one stock with a Zacks Recommendation of Sell that is set to underperform over the next 6+ months. We also provide you with free access to the in-depth research report on the stock. If you would like to see all our Buy and Sell rated stocks and in-depth research reports, then check out  Zacks Premium.

Read the full analyst report on ENER

 

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Market Summary Feb 10, 2012 17:05 pm ET
DJIA 12801.23  -89.23 -0.69%
NASD 2903.88  -23.35 -0.80%
S&P 500 1342.64  -9.31 -0.69%
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