GT Solar (SOLR) Gets $24 Million Order From Trina Solar (TSL)

GT Solar (SOLR) has announced some decent sized orders recently and today it announced another one.  The company received a $24 million order from Trina Solar (TSL) for its DSS450HP crystalline ingot growth system allowing TSL to increase capacity next year.

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“Trina Solar is one of the top ten PV cell and module manufacturers and we are pleased that they have selected our DSS450HP systems to meet their ingot growth production needs,” said Tom Gutierrez, GT Solar’s president and CEO. “Our crystalline ingot growth systems provide value to customers because of their proven performance and reliability and help PV manufacturers lower their cost of manufacturing.”

Shares of SOLR are up another 5% this morning and continue to look bullish on the daily chart.  A couple weeks ago I mentioned SOLR would provide a great entry point on a pull back to around the 50 day moving average.  It made that move a few days ago providing a great entry point and is beginning to move off that level. 

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