Carbon fiber maker Zoltek (ZOLT) gains 12.4% after announcing a partnership with automotive...

|About: Zoltek Companies, Inc. (ZOLT)|By:, SA News Editor

Carbon fiber maker Zoltek (ZOLT) gains 12.4% after announcing a partnership with automotive subsystem vendor Magna International (MGA) to develop carbon fiber compounds for the automotive market. Needham is responding by upgrading Zoltek to Hold, arguing the deal gives the company a needed foothold in a giant market.