11 May '11, 1am

ECD’s Bloody Quarter: PV Sales Collapse, Layoffs: Energy Conversion Devices (Nasdaq:ENER), a long-struggling s...

ECD’s Bloody Quarter: PV Sales Collapse, Layoffs: Energy Conversion Devices (Nasdaq:ENER), a long-struggling s...

Energy Conversion Devices (Nasdaq:ENER), a long-struggling supplier of flexible amorphous silicon (a-Si) photovoltaic laminates and building integrated photovoltaics (BIPV), dropped some bad news in its quarterly earnings call today. Total revenue for the quarter was $21.5 million, a decrease of 70 percent over the third fiscal quarter of 2010, and a decrease of 69 percent over the previous quarter. The company attributed the downturn to "significant industry-wide disruptions in the company’s key European solar markets." The company reported a net loss of $243.2 million, compared to a net loss of $385 million in the third fiscal quarter of 2010, which included a non-cash impairment charge of $358 million. Excluding impairment charges, the net loss in the third fiscal quarter of 2011 was $20.4 million. As of March 31, 2011, the company had $172 million of cash, cash-equival...

Full article: http://www.greentechmedia.com/articles/read/ecd-drops-som...

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High concentration #PV lets deserts ride a waterless #solar wave - Greenbang > solves one problem

High concentration #PV lets deserts ride a wate...

greenbang.com 11 May '11, 1am

High concentration PV lets deserts ride a waterless solar wave Published Tuesday, 10th May 2011 Around this time next year...