SOLR $7.55 daily and weekly charts by AF -- 19 August 2010 -- LINK BACK FOR OVER 700 CHARTS
GT Solar (NASDAQ: SOLR) provides standard, as well as custom, manufacturing equipment and turnkey fabrication lines to the global photovoltaic (PV) industry so they can harness solar power. GT Solar also offers custom consultation, engineering services and quality control guidelines to ensure a low-cost, competitive manufacturing process. Equipment, however, accounts for the lion’s share of revenues. GT Solar’s equipment helps its customers produce solar grade polysilicon, manufacture multi-crystalline silicon wafers, produce solar cells and assemble of complete modules—the same types of materials whose demand will climb as the latest push from the Obama administration nudges the nation toward alternative energy sources.
As business soars for wafers, cells and panels, manufacturers will have to step up their production, requiring new and more efficient equipment. Also, this increasing demand will spur even more manufacturers to enter the market—and they will all need GT Solar’s equipment. I really like this stock here, especially in the slick wake of the BP plc. (NYSE: BP) oil disaster. I think nearly everyone now realizes that alternative energy is the wave of the future, so why not get positioned now in this undervalued stock that serves the entire solar segment?
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