From Tech Trader Daily:
The big drop in Energy Conversion Devices (ENER) today may be related to a reduced outlook from Solar Integrated Technologies (SIT.L), a Los Angeles-based company traded in London.
As Reuters notes, Solar Integrated cut its 2008 revenue outlook. Solar Integrated said in a statement that its outlook would be affected by “the pending expiry of the U.S. Investment Tax Credit (ITC) on December 31, 2008, and the uncertainty regarding its renewal, exacerbated by an extraordinarily challenging economic climate including the tightening of credit markets, adversely impacting U.S. customers.”...MORE
