Haven't seen any analyst comments yet, but got a feeling that Energy Conversion Devices (NASDAQ:ENER) is a bounce play at current $11.9 level of pre-mkt. Yes, the guidance for next quarter is fugly (F1Q10 in line with F4Q09 - 4Q was $51.4 mln vs $67.8 mln consensus), but more importantly, guidance for full FY10 looks quite decent. Seems to me that mgmt is seeing things getting better the in 2010 but keeps the expectations low for near-term not to dissapoint. With current issues widely known, one should look at what's to come when the dust settles.
I've started buying here at $11.90 and will add if the price drops.