Energy Conversion Devices

Credit Suisse has lowered the price target on Energy Conversion Devices (NASDAQ: ENER) from $2.50 to $1.50 and maintains its Neutral rating.

Citi is out with its report today on Energy Conversion Devices (NASDAQ: ENER), lowering its PT from $2 to $1. In a note to clients, Citi writes, "We rate ENER Sell (3S) with a $1.00 target. Book value at the end of FQ3:11 (Mar) was ~$1.25 a share, but with continued losses on the horizon, this...

Citigroup has lowered the price target on Energy Conversion Devices (NASDAQ: ENER) from $2 to $1 and maintains its Sell rating.

Citi is out with its report on Energy Conversion Devices (NASDAQ: ENER), lowering its price target from $3.50 to $2. In a note to clients, Citi writes, "We rate ENER Sell with a $2.00 target. In the case of a stock like ENER where earnings are negative for the foreseeable future, our valuation is...

Hapoalim is out with its report today on Energy Conversion Devices (NASDAQ: ENER), maintaining Sell. In a note to clients, Hapoalim writes, "While ENER reported a FY2Q11 EPS loss of ($0.16), x‐1x items EPS of ($0.26) was relatively in line with the Street at ($0.27). Most importantly, consistent...

Energy Conversion Devices, Inc. (NASDAQ: ENER) F2Q11 (Dec) losses were less than expected (on lower OpEx and onetime events), but fell short of estimates overall and guided F3Q11 (Mar) quarter below Consensus expectations, Deutsche Bank reports. “[ENER]'s push into the systems business is...

Deutsche Bank has lowered the price target on Energy Conversion Devices (NASDAQ: ENER) from $7 to $6 and maintains its Hold rating.

Hapoalim Securities has published a research report on Energy Conversion Devices (NASDAQ: ENER) after the company reported a 2Q EPS beat but continues to see OCF losses. In the report, Hapoalim Securities writes "ENER reported a better than expected EPS loss (x-1x items) in FY2Q11 with lower costs...

Energy Conversion Devices, Inc. (NASDAQ: ENER) reported better-than-expected FY1Q11 results with gross margin upside driving a smaller than expected EPS loss, Hapoalim Securities reports. “While it also generated an impressive $19m in operating cash flow, we note that it was once again driven...