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Not participating in today's gains enjoyed by at least some solar players is GT Advanced...

Not participating in today's gains enjoyed by at least some solar players is GT Advanced Technologies (GTAT -16%), which turned in FQ4 results well below Street expectations as its photovoltaic equipment business suffered under a global slowdown in solar product demand.
Comments (6)
  • Absolutely ridiculous valuation currently. Amazing what a large short position and hedge funds can manipulate a stock in such a fashion!
    17 May 2012, 04:29 PM Reply Like
  • I'd advise listening to the playback of this morning's earnings call.

     

    The dip this afternoon is one helluva buying opportunity - it is a knee-jerk reaction to the Dept. of Commerce tariff announcement. GTAT addressed this in the call and expected an over-reaction, but they claim that the impact will be minimal.

     

    GTAT supplies a lot of the Far East manufacturers with capital equipment, but they have been aggressively diversifying away from the solar market.

     

    This is a classic over-reaction, and somebody is going to make a lot of money from it.

     

    GTAT is cash rich and profitable.

     

    the baby is being thrown out with the bathwater here.
    17 May 2012, 04:36 PM Reply Like
  • I listened to every word this morning, and strongly agree!
    17 May 2012, 04:45 PM Reply Like
  • Hope you're right. I own a lot of GTAT and am losing my shirt on it.
    17 May 2012, 05:53 PM Reply Like
  • You've not lost a thing unless you sell it.
    18 May 2012, 10:21 AM Reply Like
  • Keep in mind that volume was 460% of normal. Interesting to see that only 25% of sales in fiscal 2012 were from solar, versus 100% in 2011. In that light, the plummet today looks way overdone. I'll be looking to buy more after the dust settles.
    17 May 2012, 09:50 PM Reply Like
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