Volume Tanker: Energy Conversion Devices (ENER)

Posted in General, pre-market 
March 17th, 2009

Energy Conversion Devices (NASDAQ: ENER) is getting slapped and slapped hard this morning.  Last night it gave a warning that prior guidance was being dropped, it was cutting jobs, cutting production, and slowing capacity.  So much for the love of solar, even if this one was already down more than 75%.  Shares are down 26% at $13.52 pre-market (9:25 AM EST) on over 200,000 shares.  Its prior 52-week range was $16.00 to $83.33 and it trades roughly 2.2 million shares per day.  FULL DETAILS at 24/7 Wall St.


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