Excerpt BeaconEquity.com announces the publication of ‘Energy Conversion Devices (ENER): Biggest Nasdaq Gainer on Q3 Earnings Report of $6.9 Million’
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In the article the author covers the need for alternative energy sources and Energy Conversion Devices products and business services:
“One of the many challenges concerning environmental and industrial issues in the world today is determining how to curb adverse effects of gas emissions that cause global warming. With the advent of modern technology and discoveries, alternative energy sources are being utilized to meet environmental and industrial needs.
“Among the alternative sources of energy gaining popularity are photovoltaic (PV), or solar cells, used to convert sunlight into electricity. These cells are semiconductor devices that require less maintenance, cause no pollution, operate silently and produce electricity with constant exposure to the sun.
“Energy Conversion Devices Inc. commercializes materials, products and production processes for the alternative energy generation, energy storage and information technology markets. It has strategically captured broad market exposure with its operations in the United States, Germany, China, Japan, Italy and internationally.
“The company recently reported earnings of $6.9 million, or 17 cents a share, for the third quarter, while analysts polled by Thomson Financial had expected a loss of 6 cents a share. Exceptionally, sales more than doubled to $70 million from $27.4 million …”
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