North Coast Solar Stocks

October 12, 2009

Energy Conversion Devices Spikes On Takeover Rumors

Filed under: AMAT, ENER — Tags: , , — Jason @ 3:36 pm

By Eric Savitz
barrons.com

Energy Conversion Devices (ENER) shares are sharply higher amid takeover speculation. I’d note that takeover rumors on the solar products company crop up with some regularity; the last round of chatter, about a month ago, involved theoretical interest in the company from Applied Materials (AMAT).

I didn’t buy the AMAT rumors, and I wouldn’t hold out a lot of hope that there’s anything real this time, either.

ENER today is up $1.93, or 17.7%, to $12.82.

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