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GT Advanced Technologies hits the Sapphire Mother Lode, gets huge Contract from Apple

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GTAT – A Stock to Buy

GT Advanced Technologies (GTAT) has seen a spectacular stock run on the back of improved solar sentiments in recent time. I had advocated the company as a buy a year ago, based on the fact that the company has tremendous potential in terms of its new technologies. The company has always managed to come out with excellent products which have become billion dollar product segments. GTAT first started out with solar ingot furnaces and polysilicon reactors. As the solar market declined, the company started making sapphire ingot furnaces and had diversified into sapphire screens. The whole solar equipment market went into a coma as solar capacity was more than double the solar demand.

Also read on GWI Has the Solar Equipment Industry Bottomed Out? 

GT Advanced Technologies has now managed a huge order from the world’s largest company by value Apple. According to the deal, Apple will lend a huge amount of money to GTAT to build a large sapphire making factory in Arizona. While the equipment will be owned by GTAT the facility will be owned by Apple. The factory will make sapphire screens for Apple’s new products. Given Apple’s massive requirements, the company will sell almost 150-200 million smarpthones and around 70 million iPads, this is a huge win for GTAT. The company’s future is now assured and it can keep funneling money into new R&D projects in both solar and LED industries. The company has got a great management and technology. This stock is one that I would look to buy.

PG

Sneha Shah

I am Sneha, the Editor-in-chief for the Blog. We would be glad to receive suggestions, inputs & comments on GWI from you guys to keep it going! You can contact me for consultancy/trade inquires by writing an email to greensneha@yahoo.in

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