Monday, June 16, 2008

Energy Conversion Devices To Sell $225M Cvts, 4.7M Shrs (ENER)

One of our two favorites in the sector, and definitely outperforming the other (TSL)
From Barron's Tech Trader Daily:

Energy Conversion Devices (ENER) shares are soaring today after the company announced plans to sell $225 million of convertible senior notes due 2013, as well as 4,708,500 common shares....