GT Solar International, Inc, announced yesterday that it has added Matthew Massengill to its Board of Directors. Mr. Massengill’s previous executive experience includes being the chairman, CEO and president of Western Digital Corporation. He was with Western Digital for 20 years, during which time the company became one of the most efficient in the hard drive industry and maintained a consistent record of growth while continuing to make a profit.
J. Bradford Forth, GT Solar’s … Read the rest
GT Solar (SOLR) has disclosed a 173 million contract with DC Chemical that it signed on July 11 of this year and will have GT Solar providing DC Chemical with state of the art polysilicon CVD reactors which are used to manufacture polysilicon, the key raw material used to produce solar cells. This is the 3rd contract between the two companies.
“GT Solar has been a trusted provider of equipment and expertise to DC Chemical … Read the rest
Yesterday, GT Solar International released an earnings report for the first quarter. This company manufactures solar equipment such as polysilicon, solar cells, and microcrystalline polysilicon wafers. The report from the first quarter appears promising, with revenues rising $57.1 million and net income up to $5.1 million. The company’s president and CEO Tom Zarella advised he was happy with the results, and also said,
" Because we supply the global solar power industry with its core … Read the rest
GT Solar (SOLR) which IPO’d near the end of July and has struggled since on concerns over its relationship with largest customer LDK Solar, reported a strong quarter after the bell today with the company turning a 3 cent/share profit, reversing the loss in the year ago quarter as revenues soared 272% from the year ago quarter to 57 million.
The company said the sales increase was due primarily to its DSS 450, its new … Read the rest
GT Solar (SOLR) may be great at getting solar manufacturers up and running but in terms of IPO timing it fails miserably. The stock debuted today and did price in the middle of the expected range at $16, raising $500 million, but did so at a time when solar stocks have been getting crushed. The stock closed down more than 10% to $14.45.… Read the rest