BeaconEquity.com announces the publication of ‘GT Solar International (SOLR) Turns Profitable On Soaring Sales - Up 272%’
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GT Solar International (SOLR) Turns Profitable On Soaring Sales - Up 272%
”Shares of GT Solar, the Merrimack NH provider of specialized Photovoltaic (PV) manufacturing equipment and services, rallied 3.8% yesterday in anticipation of the report. During the past 10 trading days, the ratio of calls to puts has swelled to 4 to 1 on the International Securities Exchange (ISE). Early trading in the shares dropped the stock below its 10-day moving average for the first time since August 13…
“GT Solar total revenue increased 272% from $15.4 million for the three months ended June 30, 2007, to $57.1 million for the three months ended June 28, 2008. Revenue from photovoltaic (PV) equipment sales increased 275% from $14.5 million for the three months ended June 30, 2007, to $54.4 million for the three months ended June 28, 2008…
“Included in the results were $1.4 million in costs from the company’s initial public offering. The company began trading on the Nasdaq in July…”
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