GT Solar (SOLR) is reporting another very impressive quarter of growth and has beat analyst estimates in the process. The company has reported an EPS of .41/share vs the analyst estimate for .31/share on revenues of $231 million vs the analyst estimate for $226 million. That’s good for quarter over quarter EPS and revenue growth of 273% and 71% respectively. The company is also reporting a record backlog of over $2 billion.
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Details are few but GT Solar (SOLR) announced yesterday that it landed an order from a new customer in Asia for polysilicon production equipment totaling $55.1million. The order will be for GT Solar’s entire suite of polysilicon production equipment to be used in the production of TCS, SDR reactors, filament and product processing equipment and other poly equipment. No word on who the new customer is, but it’s likely a customer from China where … Read the rest
GT Solar (SOLR) announced an order earlier this morning for $3.75 million for sapphire material from a subsidiary of II-VI (IIV) to be used in multi-spectral aerospace applications. Delivery of the material has already begun. This is a small order for SOLR but highlights the fact that the company can expand beyond just the LED market for its sapphire material. No wonder the stock still trades up around all time highs and continues its bullish … Read the rest
GT Solar (SOLR) is having a good morning but off the highs of the day after beating earnings estimates and raising guidance. The company reported an EPS of .41/share on revenues of $272 million vs the analyst estimate for .34/share on revenues of $224 million. That’s good for quarter over quarter increases of 78% and 40% respectively. Looking ahead, the company is raising guidance as well and now expects its full year EPS range at … Read the rest
GT Solar (SOLR) had a good day today, surging with heavy volume back above resistance of the 50 day moving average after the company announced that China based Guizhou Haotian Optoelectronics Technology purchased $219 million worth of its sapphire crystallization furnaces used for LED lighting production.
GT Solar just recently entered the LED industry last year with the acquisition of Crystal Systems. At the time I said it was a great move for SOLR … Read the rest
GT Solar (SOLR) is announcing a $94 million order from Taiwan based Powertec Energy for a suite of polysilicon production products for a new production facility which is expected to go online next year. The order represents a bit less than half of a quarter of revenue so a decent sized order for GT Solar.
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“We are pleased that Powertec has selected GT Solar as its … Read the rest
On July 30th of last year, GT Solar (SOLR) made an important purchase of Crystal Systems which added LED manufacturing to its solar ingot manufacturing product line. Not only did that diversify its operations, but added another driver of growth and in my mind a much larger driver of growth than its solar operations in a few years. The stock has nearly doubled since that news hit.
(Please note, I missed this report, so reporting late) GT Solar (SOLR) reported strong earnings after the bell several days ago, beating analyst estimates by a wide margin in the process. The company reported an EPS number of .46/share on revenues of $262.9 million (vs the analyst estimate for .34/share on revenues of $222.7 million). That’s good for EPS and revenue growth of 84% and 51% respectively.
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 … Read the rest
GT Solar (SOLR) continued its big surge off the bottom after announcing the first orders for its LED manufacturing equipment. Today, the stock got another boost when Wunderlich Securities said the company is way undervalued and would be an attractive buy out. The firm notes that SOLR has among the lowest PE ratios in the solar sector, just ahead of JA Solar (JASO). Ah, but the beauty of this company is that they are … Read the rest