Energy Conversion Devices Inks Deal With US Army (ENER)

Dec. 6.05 | About: Energy Conversion (ENER)

ENER stock traded up about 5% yesterday on this news:

Energy Conversion Devices Inc (NASDAQ:ENER) announced that it has signed an agreement with Actus Lend Lease to supply 7MW of photovoltaic (PV) products. The solar network will pump clean energy into the Army's power grid and is designed to reduce dependence on fossil fuels by 30 percent for the entire complex of 7,894 new and renovated homes that Actus Lend Lease plans for Army families on Oahu. The captured energy also will help power 11 community centers and maintenance offices that will be built among the new and renovated homes. [ more ]

Here's a 1-yr chart of ENER: