GT Advanced rallies following solar project win

GT Advanced (GTAT +4.8%) will be supplying Qatar Solar Energy with its new HiCz 200 furnaces for a 2.5GW manufacturing project.

GT asserts HiCz furnaces can produce "longer ingots with greater material uniformity and lower resistivity" than traditional batch Cz furnaces, which in turn "lowers the cost of wafering through improvements in yield, enables higher quality material and is expected to provide a path to higher efficiency solar cells."

GT's solar equipment ops, overshadowed lately by its Apple sapphire deal, have had a rough time due to industry oversupply - solar orders only totaled $15M in Q1. But rising end-user demand - Solarbuzz expects the top 20 module suppliers to collectively see 30%+ 2014 shipment growth - could spark a rebound.

This was corrected on 06/12/2014 at 12:53 PM.
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Comments (2)
  • sonicted
    , contributor
    Comments (930) | Send Message
    I understood the press release in that way that GTAT's furnace is called "HiCz 200".


    So is GTAT in fact supplying 200 furnaces? That would be a HUGE order?!
    12 Jun 2014, 12:40 PM Reply Like
  • Bill Swiggart
    , contributor
    Comments (186) | Send Message
    I believe "HiCZ 200" is GTAT's designation for their new furnace, and that your understanding was correct. It's a new technology, and I doubt Qatar would commit to a fixed number without trying a few first.
    12 Jun 2014, 12:49 PM Reply Like
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