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Energy Conversion Devices, Inc. (ENER) - Financial and Strategic SWOT Analysis Review by GlobalData

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Energy Conversion Devices, Inc. (ENER) - Financial and Strategic SWOT Analysis Review Summary Energy Conversion Devices, Inc. (ECD Ovonics) is one of the leading suppliers of solar photovoltaic to industrial, commercial and residential customers. It engages in engineering, development and commercialization of new materials, products and production technology in the fields of alternative energy technology and information technology. The company manufactures solar laminates using a proprietary process and technology thin-film amorphous. In addition, the company receives royalties from licensees of our nickel metal hydride (NiMH) battery technology. The company licenses its optical memory storage technology to Sony, Toshiba, and other Energy Conversion Devices, Inc. Key Recent Developments Nov 12, 2010 ECD Names William C. Andrews As Executive Vice President And CFO Nov 09, 2010 ECD Reports Revenues Of $68.39 Million For Q1 Fiscal 2011 Aug 31, 2010 ECD Reports Revenues Of $254.41 Million For Fiscal 2010 Aug 23, 2010 United Solar, Inovateus Solar Announce 80kW Installation Of BIPV Product At Ameridian Aug 11, 2010 ECD Announces Manufacturing Capacity Realignment This comprehensive SWOT profile of Energy Conversion Devices, Inc. provides you an in-depth strategic analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better. The profile contains critical company information including, - Business description – A detailed description of the company’s operations and business divisions. - Corporate strategy – Analyst’s summarization of the company’s business strategy. - SWOT Analysis – A detailed analysis of the company’s strength

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									       Energy Conversion Devices, Inc. (ENER) - Financial and Strategic SWOT
                                Analysis Review

       Reference Code: GDAE10901FSA                                                                                      Publication Date: DEC 2010

       2956 Waterview Drive                    Phone            +1 248 2930440                          Revenue           316.3 (million USD)
       Rochester Hills, MI                     Fax              +1 248 8441214                          Net Profit        -455.90 (million USD)
       48309                                   Website          www.ovonic.com                          Employees         1,800
       United States                           Exchange         ENER [NASDAQ]                           Industry          Alternative Energy

      Company Overview
       Energy Conversion Devices, Inc. (ECD Ovonics) is one of the leading suppliers of solar photovoltaic to industrial, commercial and
       residential customers. It engages in engineering, development and commercialization of new materials, products and production
       technology in the fields of alternative energy technology and information technology. The company manufactures solar laminates
       using a proprietary process and technology thin-film amorphous. In addition, the company receives royalties from licensees of our
       nickel metal hydride (NiMH) battery technology. The company licenses its optical memory storage technology to Sony, Toshiba,
       and others.

      Key Executives                                                                  SWOT Analysis
                     Name                                   Title                     Energy Conversion Devices, Inc., SWOT Analysis
      Mark D. Morelli                       Chief Executive Officer                   Strengths                  Weaknesses

      Stephen Rabinowitz                    Chairman
                                                                                                                          Dependency on Government
                                                                                      Strong Patent Portfolio
      Joseph A. Avila                       Director                                                                      and Economic Incentives
      Robert I. Frey                        Director                                  Leading Player
                                                                                                                          Small Number of Customers
      William J. Ketelhut                   Director
      Source: Annual Report, Company Website, Primary and Secondary Research,
      GlobalData

      Share Data                                                                      Opportunities                      Threats

      Energy Conversion Devices, Inc.                                                 Strategic Partnerships              Competition
       Share Price (USD) as on 17-Dec-2010                                      5.0
                                                                         -10.72       New Technology                      Regulatory Compliances
       EPS (USD)
       Market Cap (million USD)                                             248

       Enterprise Value (million USD)                                       439
                                                                                      Source: Annual Report, Company Website, Primary and Secondary
                                                                                      Research, GlobalData
       Shares Outstanding (million)                                              50
       Source: Annual Report, Company Website, Primary and Secondary Research,
       GlobalData

      Financial Performance                                                           Recent Developments
                                                                                      Nov 12, 2010        ECD Names William C. Andrews As
                                                                                                          Executive Vice President And CFO
                                                                                      Nov 09, 2010        ECD Reports Revenues Of $68.39 Million
                                                                                                          For Q1 Fiscal 2011
                                                                                      Aug 31, 2010        ECD Reports Revenues               Of   $254.41
                                                                                                          Million For Fiscal 2010
                                                                                      Aug 23, 2010        United Solar, Inovateus Solar Announce
                                                                                                          80kW Installation Of BIPV Product At
                                                                                                          Ameridian
                                                                                      Aug 11, 2010        ECD Announces Manufacturing Capacity
       Source: Annual Report, Company Website, Primary and Secondary Research,
       GlobalData
                                                                                                          Realignment
                                                                                      Source: Annual Report, Company Website, Primary and Secondary
                                                                                      Research, GlobalData




Energy Conversion Devices, Inc. (ENER) - Financial and Strategic SWOT                                                             Reference Code: GDAE10901FSA
Analysis Review
Source : www.globalcompanyintelligence.com                                                                                                                  Page 1
      Ta b le o f Co n te n ts
      Table of Contents ..................................................................................................................................................................................................... 2
      List of Tables ............................................................................................................................................................................................................ 4
      List of Figures ........................................................................................................................................................................................................... 4
      Section 1 - About the Company ................................................................................................................................................................................ 5
      Energy Conversion Devices, Inc. - Key Facts ........................................................................................................................................................... 5
      Energy Conversion Devices, Inc. - Key Employees .................................................................................................................................................. 6
      Energy Conversion Devices, Inc. - Key Employee Biographies................................................................................................................................. 7
      Energy Conversion Devices, Inc. - Major Products and Services .............................................................................................................................. 8
      Energy Conversion Devices, Inc. - History ................................................................................................................................................................ 9
      Energy Conversion Devices, Inc. - Company Statement ..........................................................................................................................................11
      Energy Conversion Devices, Inc. - Locations And Subsidiaries ...............................................................................................................................13
            Head Office .......................................................................................................................................................................................................13
            Other Locations & Subsidiaries .........................................................................................................................................................................13
      Section 2 – Company Analysis ................................................................................................................................................................................16
      Energy Conversion Devices, Inc. - Business Description .........................................................................................................................................16
            Business Description - Ovonic Materials Division ..............................................................................................................................................16
                  Ovonic Materials Division - Overview ..........................................................................................................................................................16
                  Ovonic Materials Division - Production ........................................................................................................................................................16
                  Ovonic Materials Division - Financials .........................................................................................................................................................16
                  Ovonic Materials Division - Market View .....................................................................................................................................................16
                  Ovonic Materials Division - Key Strategies ..................................................................................................................................................17
            Business Description - United Solar Ovonic division..........................................................................................................................................17
                  United Solar Ovonic division - Overview ....................................................................................................................................................17
      Energy Conversion Devices, Inc. - SWOT Analysis .................................................................................................................................................18
            SWOT Analysis - Overview ...............................................................................................................................................................................18
            Energy Conversion Devices, Inc. - Strengths ....................................................................................................................................................18
                  Strength - Strong Patent Portfolio ...............................................................................................................................................................18
                  Strength - Leading Player ...........................................................................................................................................................................18
                  Strength - Flexible Product Line ..................................................................................................................................................................18
                  Strength - Strong Liquidity Position .............................................................................................................................................................18
            Energy Conversion Devices, Inc. - Weaknesses ...............................................................................................................................................18
                  Weakness - Dependency on Government and Economic Incentives ...........................................................................................................18
                  Weakness - Small Number of Customers....................................................................................................................................................19
                  Weakness - Dependency on Licensing agreements and Joint Ventures......................................................................................................19
                  Weakness - Declining Market Share in Sector ............................................................................................................................................19
                  Weakness - Low Return on Equity ..............................................................................................................................................................19
                  Weakness - Limited Investor Confidence ....................................................................................................................................................19
            Energy Conversion Devices, Inc. - Opportunities...............................................................................................................................................19
                  Opportunity - Strategic Partnerships ...........................................................................................................................................................19
                  Opportunity - New Technology ....................................................................................................................................................................19
                  Opportunity - Consolidations .......................................................................................................................................................................20
                  Opportunity - Government Initiatives Encouraging Renewable Power .........................................................................................................20
            Energy Conversion Devices, Inc. - Threats .......................................................................................................................................................20
                  Threat - Competition ...................................................................................................................................................................................20
          
								
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