Energy Conversion Devices (ENER) continues on the path of growth but like the rest of the industry isn’t immune to soft estimates for this year.  The company reported a profit of .33/share which beat estimates of .31/share and is a big improvement over the year ago quarter in which the company posted a loss of .08/share.  Revenues nearly doubled over the year ago quarter to $103 million and also exceeded estimates by a bit. 

For next quarter the company expects revenues in the range of $95 – $110 million vs estimates of $120 million.  Full year 09 estimates are on the soft side as well projected at $395 – $440 which compares to previous estimates of $455 to $485.  Analysts expect revenues in the $450 million range.

ENER shares are off about 3% in premarket trading.