Energy Conversion Devices (ENER) Hit On Plant Shutdowns

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09:39:42 am on May 7, 2009

Energy Conversion Devices (ENER) is down more than 15% this morning on news that its Uni-Solar subsidiary has been forced to temporarily shutdown its operations in Auburn Hills and Greenville in addition to delaying the planned ramp at its second facility in Greenville.  The company cited economic conditions and weak demand for the shut downs which are expected to last a month.  Where’s that stimulus money?  The auto makers and banks don’t seem to have any trouble getting taxpayer money at the drop of a hat. 

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