Rising Star Stock – Monday February 9th
In this feature the traders reveal their favorite rising star stock. Find out which alternative energy firm could power big returns!
This week’s rising star is Energy Converson Devices .
According to the company’s website, Energy Conversion Devices manufactures and sells thin-film solar laminates that convert sunlight to energy using proprietary technology. Distributed globally under the UNI-SOLAR® brand, the company's products are used for roofing applications because they are lightweight, durable, flexible, can be integrated directly with building materials.
Here are some more particulars:
Energy Conv. Devices (ENER)
-Based in Rochester Hills, Michigan
-Industry: Electronic Instruments and Controls
-Market Cap: $1.27 Billion
-52 Week High: $83.33
-52 Week Low: $18.32
-Up 10% over the last 52 weeks
Why is this firm a rising star stock?
“Their earnings recently were outstanding,” explains Pete Najarian. “They had an 83% increase in revenue and their prices have remained stable. Also they have a cautious outlook that’s probably a little too cautious.”
"Plus, with China and the US spending on energy as part of a national stimulus, there’s only one thing left to say, Giddyup!”