Update on ENER - Staircase Up On April 18, Elevator Down on April 19 Written By: Eben Esterhuizen 2007-04-19 21:12:47 A few days ago, Energy Conversion Devices (ENER - Last trade $36.19) announced that they will have a "corporate update conference call." This was seen as a notable development, given that the company has never released its results until mid-May. Option traders got excited and on April 18 over 11,500 calls were traded. The stock price moved up 4% in a single day to $39.40 (staircase up). During today's call, ENER reported preliminary revenues of nearly $27 million for the third quarter of fiscal 2007, below the Thomson estimate of $32.6 million. The company's solar PV segment, their only profitable unit, is expected to report 3Q07 revenues of $24 million, below analyst estimates of $30 million. At the time of writing this, ENER is down by almost 7% in after hours trade (elevator down).
Will Higher Volatility Leave Solar Stocks In the Shade? Written By: Eben Esterhuizen 2007-06-13 23:34:35 It has been a crazy week in stock markets, with U.S. yields pushing higher and stocks trading sharply lower. The Fed's Geithner feels that volatility in U.S. Treasuries, at the highest in almost two years, may be returning to "normal." What's going on here, and how can solar investors position themselves for higher volatility?
