GT Advanced Technologies Scores $100 Million Order (GTAT)
Solar PV equipment supplier GT Advanced Technologies Inc. (NASDAQ: GTAT), formerly GT Solar, today announced an order worth $101 million for production equipment from an incumbent producer of polysilicon. The company’s CEO noted why this is important to GT: This…
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Solar PV equipment supplier GT Advanced Technologies Inc. (NASDAQ: GTAT), formerly GT Solar, today announced an order worth $101 million for production equipment from an incumbent producer of polysilicon. The company’s CEO noted why this is important to GT:
This sale is a noteworthy milestone as it represents the first time GT has sold its CVD reactors to one of the large incumbent polysilicon producers.
The company’s CVD reactor is capable of producing 400 metric tons annually of the high-purity polysilicon used in making solar PV panels. Polysilicon prices have fallen from nearly $80/kilogram in April 2011 to around $28/kilogram today.
Shares in GT are up more than 3% at $7.84.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
