Energy Conversion Devices makes solar panels and batteries. What was interesting though was the type of solar panels and batteries. The solar panels they make through a thin-film process are flexible, lightweight, and actually serve as part of the roof. ENER is not affected by the polysilicon shortage which is toxic and scarce. The company has signed deals with semiconductor companies Samsung, Elpida, Hynix, Qimonda, and ST Microelectronics. They are also expanding their solar production production from 50 to 180 MW due to efficiencies in scale and production. Fundamentally, revenues are up 24 percent from last years second quarter and 155 percent higher than 3^rd quarter of 2007. Gross margin also improve from 19.2 to 30.7 percent. Energy Conversion Devices will report earnings on August 7^th and $0.20 is the target, very attainable. Technically, this one is mixed. The MACD and RSI say the stock is oversold but the upward trend line is still in tact. I would wait for this to play out 10 days and see where it stands. As this gets close keep an eye out.

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