ENER Accretion Acquisition Corporation

MicroStockProfit.com announces an investment report featuring Energy Conversion Devices Inc. (Nasdaq:ENER). The report includes financial, comparative and investment analyses and recent company news that you need to know to make an educated investment decision.

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The full report is available at: http://www.microstockprofit.com/lp/ENER

ENER is trading above its 13-day moving average. While this is normally considered to be a bullish sign, the moving average is downward sloping which means that investors have been liquidating shares during this time period and tempers the bullishness of the signal.

Energy Conversion Devices Inc. (ENER), through its subsidiaries, commercializes materials, products and production processes for the alternative energy generation (primarily solar energy), energy storage and information technology markets. The Company designs, manufactures and sells photovoltaic products, known as PV or solar laminates that generate renewable energy by converting sunlight into electricity. ENER's products are particularly suitable for rooftop and building integrated photovoltaic (BIPV) applications, which are its target markets. The Company also receives fees and royalties from licensees of its nickel metal hydride (NiMH) battery technology, and sells nickel hydroxide used in NiMH batteries. ENER has two business segments: United Solar Ovonic and Ovonic Materials. In August 2009, ENER acquired Solar Integrated Technologies Inc. Subsequent to the fiscal year ended June 30, 2009, the Company completed the sale of its interest in Cobasys LLC, its former joint venture.

Message Board Search for ENER: http://www.boardcentral.com/boards/ENER

In the report, the analyst notes:

"Total revenues for the third quarter of fiscal 2010 were $72 million, an increase of nearly 10% from $66 million in the third quarter of fiscal 2009, and 36% from $53 million in the second quarter of fiscal 2010.

"UNI-SOLAR offers the lightest solar PV products and industry-leading energy output. ENER is continuing to develop its technology by focusing on improving its conversion efficiency to 12% and beyond. ENER has demonstrated that its core technology is capable of conversion efficiency of 15.4% in the lab, and the Company is now focused on translating those results into commercial production volumes at 12% and ultimately improve the conversion efficiency to 20%."

To read the entire report visit: http://www.microstockprofit.com/lp/ENER

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