The research team over at American Technology Research has issued a report called "Our Best Dozen Fundamental Picks" going into earnings season.  The research firm notes that investors are already prepared for a disaster in the earnings reports, but it seems that the current business climate isn’t as bad as what investors are expecting.  While the firm believes that many companies will guide expectations lower or will be very cautious, this is their list of companies it expects to outperform peers.  As you will see below with some brief analyst commentary from the firm, they have highlighted Energy Conversion Devices, Inc. (NASDAQ: ENER),  First Solar, Inc. (NASDAQ: FSLR), and Fuel Systems Solutions, Inc. (NASDAQ: FSYS).

Energy Conversion Devices, Inc. (NASDAQ: ENER) is touted as the"Low-Cost Commercial Roof Application Targeting Inflection Point InManufacturing Ramp"

• a differentiated play on solar growth… we believe it will continue toenjoy margin improvement and strong revenue growth ahead of solar peers.

First Solar, Inc. (NASDAQ: FSLR) has also seen a brutal year, butAmTech calls it "Cost-Leader with Pricing Cushion, Large EconomicMarkets, and Potential Capacity Expansion"

• the premier PV company given its cost leadership, strategicpositioning, and history of execution… large addressable marketwithout subsidy, we view FSLR as a core solar holding poised for top-and bottom-line growth ahead of solar peers 

Fuel Systems Solutions, Inc. (NASDAQ: FSYS) is "Leadership Position, Strong Fundamentals, Beat and Raise Earnings Outlook"

• Its leading position in systems for gaseous fuel engines (natural gas and propane) is augmented by several competitive advantages and a supportive macro backdrop…revenue guidance once again appears conservative, which supports ourbeat and raise earnings outlook.

Again, these comments are out of American Technology Research and are only partial quotes from in-depth research reports.  You can also see the summaries of the calls we broke out into TECHNOLOGY STOCKS and in INFRASTRUCTURE & DEFENSE.

Jon C. Ogg
October 13, 2008

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