Energy Conversion Devices enters bankruptcy, adding to the woes for U.S.-based solar manufacturers.

Shares of Energy Conversion Devices (Nasdaq:ENER) were gapping down Tuesday morning with an open price 71.2% lower than Monday's closing price. The stock closed at $1.46 yesterday and opened today's trading at 42 cents.

Traders savvy enough to follow the low-priced names and trade them with discipline and sound risk management are banking ridiculous coin on a regular basis.

The solar sector has rallied to begin 2012, but when it comes to individual solar stocks, all rallies are not built to last.

Energy Conversion Devices and other stocks trading below $5 have more than doubled less than a month into 2012.

U.S. solar company SunPower said on Thursday that a previously announced restructuring will include the layoff of 85 employees.

U.S. solar company Solyndra is headed into bankruptcy, with 1,100 workers to be laid off.

Energy Conversion Devices (Nasdaq:ENER) hit a new 52-week low Tuesday as it is currently trading at $1.85, below its previous 52-week high of $7.34 with 462,497 shares traded as of 12:46 p.m. ET. Average volume has been 1.6 million shares over the past 30 days.

NEW YORK (TheStreet) -- Guests include John Connor, portfolio manager, Third Millenium Russia Fund, Stephanie Link, director of research for Action Alerts Plus and Malcolm Gissen, portfolio manager for the Encompass Fund

The billionaire and crypto investor was in business with Voyager Digital which went bankrupt early July.

The builder confidence index breached the break-even measure of 50 in August for the first time since May 2020.

China is a crucial country for Tesla for its domination of the market of electric vehicles.