Tuesday, February 01, 2011 8:42:51 AM
Report after the close of market on NASDAQ on Wednesday, February 2, 2011.
***"In December, the company boosted its full-year earnings and agreed to repurchase shares from private investors for about $203 million. The supplier of equipment to solar manufacturers agreed to buyback 26.5 million shares of its common stock held by GT Solar Holdings, which is controlled by the co.’s private equity investors, GFI Energy Group and Oaktree Capital Management. GT Solar lifted its earnings per share guidance for fiscal year 2011 to a range of $1.08 to $1.18, up from the range of $1.00 to $1.10. Full year revenues are expected to range from $775 million to $850 million."
***"GT Solar has won a flurry of orders in recent months, and the firm had said in December it expects the sapphire business to be one of its key drivers in 2011."
***"Last month, GT Solar received an order worth $47.3 million"
***"Earlier this month, the company was awarded a contract valued at $37.5 million"
***"On January 20, GT Solar received yet another order worth $33.3 million"
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