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Thread: Energy Conversion Devices ECD files for chapter 11 (parent of Unisolar)

  1. #1

    Default Energy Conversion Devices ECD files for chapter 11 (parent of Unisolar)


  2. #2
    Join Date
    Jun 2003
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    pittsburgh, pa
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    10,282

    Default Re: Energy Conversion Devices ECD files for chapter 11 (parent of Unisolar)

    this does not come as a shock to me as that one was bound to happen. back during the previous presidential period they were going to go under and were propped up with federal monies when mr bush went to visit them. since then much has happened with solar pricing and the market all with a far lessening place for these inefficient pvs. i'm just wondering why other thin film outfits are still able to stay afloat, but i won't be surprised if we hear of more bankruptcies.
    NIEL

  3. #3
    Join Date
    Jul 2007
    Location
    Quetico, Ontario
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    5,040

    Default Re: Energy Conversion Devices ECD files for chapter 11 (parent of Unisolar)

    My grandmother was a friend of Stand Ovinchinsky, our however you spell his name. I inherited from her, 10 shares of stock from the original charter issue. I bought perhaps ten more when I realize what they did. I have sort of forgotten about them all these years. I guess they are now fire starter!

    Tony
    Please note, being a moderator does not add any weight to my opinions 300 watts Siemens/BP panels,plus a Sun 90,, making ~400. ~30 amps into Rogue MPT-3024, 450 ah of Trojan T-105, Morningstar ts300 inverter, a Tri-Metric meter.a collection of antique generators, plus 2 Honda eu-1000i's (also a BS2512 IX controller) and assorted other stuff!

  4. #4
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    Default Re: Energy Conversion Devices ECD files for chapter 11 (parent of Unisolar)

    tony,
    sorry to hear it caught you off guard. i would not throw the shares away as i believe they intend to sell the business and you never know as it may be worth something again some time down the road. of course you are hearing that from somebody who knows little of the stock market.
    NIEL

  5. #5
    Join Date
    Jul 2007
    Location
    Quetico, Ontario
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    5,040

    Default Re: Energy Conversion Devices ECD files for chapter 11 (parent of Unisolar)

    In the grand scheme, 20 shares lost is not going to send me to the poor house. I can do that all by my self. Stan O was a brilliant engineer, but really had no real business savvy. The value of his patents and ideas was not very well leveraged, never have been as the licensing has not brought them as much money as they could have,, IMHO.

    Tony
    Please note, being a moderator does not add any weight to my opinions 300 watts Siemens/BP panels,plus a Sun 90,, making ~400. ~30 amps into Rogue MPT-3024, 450 ah of Trojan T-105, Morningstar ts300 inverter, a Tri-Metric meter.a collection of antique generators, plus 2 Honda eu-1000i's (also a BS2512 IX controller) and assorted other stuff!

  6. #6
    Join Date
    Sep 2007
    Location
    Telford,Pa
    Posts
    738

    Default Re: Energy Conversion Devices ECD files for chapter 11 (parent of Unisolar)

    Guess the 15 panels I have are not worth much now
    Ken
    Telford,Pa
    Old Homepage: http://home.comcast.net/~n3qik
    Updated 6-7-2009

    Updated Homepage: http://home.comcast.net/~n3qik/site/?/home/
    Updated 12-3-2011

    Home Automation: http://n3qik.homeip.net:5800 Password = guest
    Software/hardware is 100% complete. At least for today. Tomorrow is a different story.
    Updated 2-17-2012

  7. #7
    Join Date
    Apr 2009
    Location
    Northern NH
    Posts
    293

    Default Re: Energy Conversion Devices ECD files for chapter 11 (parent of Unisolar)

    Unfortunately wall street and the press got a hold of the concept. Whenever I see a 60 minutes segment on new technology and how its going to change the world I kiss that company good by. Those segment usually show up right about the time when the VC investors are ready to cash out and dump them on an unsuspecting public.

    At least you have some paper stocks for souvenirs. I have a few from worthless Distributed Energy (fuel cell and wind mill stock certificates) At least I can hang them up on the wall and frame them, but these days many companiens dont issue paper certificates so when they go bust, they disapear.

  8. #8

    Default Re: Energy Conversion Devices ECD files for chapter 11 (parent of Unisolar)

    You did not lose much with your ECD shares - even before they went chapter 11 they were only worth about $2 each (now worth 17 cents at best). ECD was a victim of many things, but mostly poor management. When they bought out UniSolar they took on way too much debt for just one of many reasons. I don't think that ECD was ever really profitable during it's entire history. http://www.referenceforbusiness.com/...vices-Inc.html
    Northern Arizona Wind & Sun Forum & Website Administrator

  9. #9
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    Default Re: Energy Conversion Devices ECD files for chapter 11 (parent of Unisolar)

    My ECD shares have never been worth much,, that's sort of why I have forgotten about them for 30 years.

    Tony
    Please note, being a moderator does not add any weight to my opinions 300 watts Siemens/BP panels,plus a Sun 90,, making ~400. ~30 amps into Rogue MPT-3024, 450 ah of Trojan T-105, Morningstar ts300 inverter, a Tri-Metric meter.a collection of antique generators, plus 2 Honda eu-1000i's (also a BS2512 IX controller) and assorted other stuff!

  10. #10

    Default Re: Energy Conversion Devices ECD files for chapter 11 (parent of Unisolar)

    I hope some one buys Unisolar and keeps the product line going they have some neat stuff. they should bring back their framed modules, I was looking to get a Unisolar framed modules that I remember seeing years ago only to find they were long discontinued.
    How do your unisolar 64s work for you, Niel? I see you have 2 of them.

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