Here is the conference call
(ENER) Energy Conversion Conference Call Summary -- The co says their Greenville 1a facility is one month ahead of schedule, as efficiency has improved. The co says the machines in the Greenville facility are "modified clones" from the Auburn Hills facility, which is allowing a quicker ramp up time. The co expects to have 148 megawatt capacity by FYE08, 178 megawatts by CYE08, and at least 300 megawatts by the end of 2010. By 2012, the co sees its cost/watt to be approx $1.10. The co also believes they are on track to achieve profitability by June '08, as the co is planning more aggressive restructuring plans. Additionally, the expects more cost reductions on materials since the co is planning on outsourcing to other sheet metal suppliers. In terms of ASPs, the co said they held very strong in the qtr, and actually increased a little. Going forward, the co sees ASP's decreases by approx 3% due to the co dropping its framed product line, which had higher ASP's but lower gross margins. The co still has some inventory in this line, but says it is not a significant amount and they are not concerned about it. The co's says they have seen some changes in customer mix, and that they have very good traction with a couple roofing companies, and they expect that to continue. Geographically, the co sees Italy, Germany, and the US as its key markets. The co also believes they have a signifcant opportunity to be a provider for utilities rooftops.
Up $5 today. paj are you loving the stonedinvestor?
(ENER) Energy Conversion Conference Call Summary -- The co says their Greenville 1a facility is one month ahead of schedule, as efficiency has improved. The co says the machines in the Greenville facility are "modified clones" from the Auburn Hills facility, which is allowing a quicker ramp up time. The co expects to have 148 megawatt capacity by FYE08, 178 megawatts by CYE08, and at least 300 megawatts by the end of 2010. By 2012, the co sees its cost/watt to be approx $1.10. The co also believes they are on track to achieve profitability by June '08, as the co is planning more aggressive restructuring plans. Additionally, the expects more cost reductions on materials since the co is planning on outsourcing to other sheet metal suppliers. In terms of ASPs, the co said they held very strong in the qtr, and actually increased a little. Going forward, the co sees ASP's decreases by approx 3% due to the co dropping its framed product line, which had higher ASP's but lower gross margins. The co still has some inventory in this line, but says it is not a significant amount and they are not concerned about it. The co's says they have seen some changes in customer mix, and that they have very good traction with a couple roofing companies, and they expect that to continue. Geographically, the co sees Italy, Germany, and the US as its key markets. The co also believes they have a signifcant opportunity to be a provider for utilities rooftops.
Up $5 today. paj are you loving the stonedinvestor?
