October 3, 2008 – Cowen Analyst Rob Stone released an update this morning on Energy Conversion Devices (Nasdaq:ENER) and reiterated his OUTPERFORM rating, the day after attending ENER’s analyst day. He concluded that “The next 120MW plant location should be announced soon and will ramp in H2:10, boosting year-end capacity to 420MW (vs. prior 300MW). As a result, we trimmed FY09 EPS on increased expenses, and raised F10 on higher MW shipments. We see 60%+ upside vs. the market in 12 months and reiterate Outperform.”
What other analysts are saying:
• September 2 – Janco Partners rates ENER at MARKET PERFORM with price target of $72.
• August 29 – Credit Suisse rates ENER at OUTPERFORM with price target of $86
• August 29 – Ardour Capital rates ENER at HOLD with price target of $68
• August 29 – Jeffries rates ENER at BUY with price target of $98
• August 29 – Piper Jaffray rates ENER at HOLD with price target of $73
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