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Energy Conversion ENER (news,
chart,
quote) - ENER volatility Flat; shares near record high
ENER, a manufacturer of thin-film solar modules, closed at $56.10. Calyon say's "The German solar feed-in tariff (FIT) is underfire, as lawmakers are considering an accelerated digression that would reduce rates 25% by 2010 versus 15% under current law." ENER July option implied volatility of 58 is near its 6-month average according to Track Data, suggesting non-directional price risk.
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