GT Solar is branching out into other markets to help offset the downturn expected in the solar industry. Specifically, the LED sector will be a future growth industry. GT saw that early and purchased a sapphire crystallization company last year, and has set about making deals to supplement its income.
Despite the bump reported by industry leader Cree (Nasdaq: CREE), as inventory issues play out, there's still plenty of upside potential here. LEDs are quickly leading to rumormongering, with Cree said to be in pursuit of Aixtron and pushing all sector stocks higher.
Yet as exciting as the potential is for LEDs to take off, CAPS member kcboy408 thinks it will be the green side of GT's business that carries the most weight:
Clean tech is still rising. I believe in mid to long term this will be good investment. Even for short term GT Solar had been doing well this year.
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