Energy Conversion Devices (ENER)
Although we expect significant declines in both revenues and earnings in fiscal 2010 for Energy Conversion Devices (<a href=http://www.zacks.com/stock/quote/ener>ENER</a>), revenue should improve in 2011, assuming an improvement in overall economic conditions. <p> 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. <p> We have changed our recommendation to Underperform and dropped our price target to $10.00.
December 23, 2009 | Filed Under Stocks to Sell
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