Energy Conversion had its day in the sun after winning an important deal to supply solar panels to a major installer of rooftop energy-collecting devices.
Shares of Energy Conversion (nasdaq: ENER - news - people ), rose 4.5%, or $1.32, to $30.52 on Monday. The company announced it would supply SunEdison with solar laminates with up to 17 megawatts of annual generating capacity.
“It wasn’t such a large announcement,” said CIBC World Markets analyst Adam Hinckley, “but it’s positive because SunEdison is one of the top installers in the country, and having them back your technology is definitely a positive.”
Energy Conversion’s solar laminates are unique. Light-weight and frameless, they are literally bendable. |