A restructuring under new CEO Morelli is fueling a turnaround at the alternative energy company, driven by fat profits at its solar products unit

The brightening story at Energy Conversion Devices (ENER), an alternative energy enterprise that makes solar products, rechargeable batteries, and digital storage technology, is attracting investors thanks to the restructuring efforts of CEO and President Mark Morelli, who took over a year ago when the company was in the red. Until the two recent fiscal quarters, Energy Conversion had for many years reported losses. The company's stock, which soared to 71.30 on Sept. 2 from a 52-week low of 20.47 on Jan. 22, hit a 52-week high of 83.33 on June 23.

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