Applied Materials (AMAT) announced a profit drop of 47% over the year ago quarter after the bell today, but it was enough to beat analyst expectations of .14/share as the company posted .18/share. Revenue was also weak, dropping 14% from the year ago quarter but it too beat analyst estimates. However, the stock dropped a bit after hours on news that the company is guiding lower for Q1 and sees EPS at flat to .04/share … Read the rest
Tag Archives: applied materials
Goldman Sachs Solar Calls: Applied Materials (AMAT) Upgraded and Added to Buy List
Goldman Sachs is out this morning with several calls on solar stocks:
Upgrades
* Upgraded Applied Materials (AMAT) from Sell to Buy and added to their Conviction Buy List
* Upgrades Yingli Green Energy (YGE) from Neutral to Buy but cut price target from $20 to $9
* Upgrades Trina Solar (TSL) from Sell to Neutral but cuts price target from $24 to $12
Maintain
* Maintains Buy rating on Suntech Power (STP) but cuts … Read the rest
Applied Materials (AMAT) Says that Solar Products May Account For 25% Of Sales In 2009
According to Applied Materials’ CEO Mike Splinter, solar equipment could make up 25% of the company’s business in 2009, up from 10% this year. Even with the current economic crisis, the US is ready to expand into solar power, and Applied Materials stands to benefit. Splinter stated that
… Read the rest"The United States is poised for strong solar adoption," he said, noting the U.S. Congress’ approval last week of an 8-year extension of tax credits for
Applied Materials May Enter Solid State Lighting Business (AMAT)
Applied Materials wants to light up your life. Currently, the company is known for its expertise in solar energy and semiconductor technology. However, they are moving toward expanding their business to include solid state lighting, such as LED lights for the home, Annette Finsterbusch, a partner with Applied Ventures, explained at a renewable energy conference held at Rice University on Thursday. Although the move is still in the preliminary stages, the company has taken … Read the rest
Applied Materials And SunPower Team Up to Create Most Powerful Corporate Solar Power Installation In The US (AMAT, SPWR)
Applied Materials announced on Friday that it has completed a 2.1 MW solar power installation over its corporate headquarters, the largest corporate solar power installation in the country. To create the installation, Applied Materials used technology from SunPower- a 950-kilowatt SunPower PowerGuard installation and a 1.2-megawatt SunPower Tracker setup, which are manufactured using technology from Applied Materials. These solar panels form canopy over the Applied Materials parking lot, generating power and shading employees cars. Parking … Read the rest
Applied Materials (AMAT) Gets 220 Million LDK Solar (LDK) Contract
A nice 220 million contract for Applied Materials (AMAT) was announced this morning and under terms of the deal, AMAT will supply precision wafering systems to support LDK Solar’s expansion plans and begin shipping in early 09.
Applied Materials called the deal the largest contract ever awarded for wafering systems
“We believe that Applied’s state-of-the-art wafering systems, including its HCT wire saws and squarers, are the best choice to help us scale up capacity to … Read the rest
Applied Materials (AMAT) Wins 5 Yr Solar Contract With Green Energy Technology Inc
Applied Materials (AMAT) has announced this morning that it has signed a 5 yr contract with Green Energy Technology of Taiwan to support their Applied SunFab Thin Film Line for solar manufacturig. AMAT’s SunFab system aims to reduce costs while enabling a quick ramp in production
“Leading solar and semiconductor manufacturers are increasingly looking to external resources to manage line performance and lower operating cost,” said Manfred Kerschbaum, senior vice president and general manager of … Read the rest