North Coast Solar Stocks

September 11, 2009

ENER Again Up On Rumors; Pulls Out Of Conference

Filed under: AMAT, ENER — Tags: , , , , — Jason @ 3:33 pm

By Eric Savitz
barrons.com

Energy Conversion Devices (ENER), which rallied dramatically earlier this week on rumors that the company might get a bid from Applied Materials (AMAT), is on the rise again today.

The new reason, according to Briefing.com, is that the company has pulled out of a scheduled September 15 appearance at the ThinkEquity Growth conference. Briefing said the company says it canceled because CFO Harry Zike is too busy integrating an acquisition. Of course, you know what the rumormongers are thinking: companies that cancel conference appearances are up to something…something that might make the stock rise.

ENER today is up 66 cents, or 5.3%, to $13.08.

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