PV Providers Get Boost as Swiss Slicing Firm Meyer Berger Becomes Bullish on FY13 (GTAT) (WFR) (FSLR)
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Polysilicon and monocrystalline silicon producers are getting a little bump from Meyer Burger Technology, which is a Swiss firm that specializes on slicing brittle materials like silicone, sapphire, quartz, glass, and ceramics, many of which are used in the solar industry.
Meyer Burger reported in-line results for the first-half of 2012. Sales were CHF 307.2 million with a net loss of CHF 34.2 million. EBITDA came in at CHF 4.65 million, from CHF 154.89 million last year.
However, the more important part in the company's expectations. Meyer Burger sees a tough environment for the balance of 2012, saying "[t]here are still over-capacities at cell and module manufacturers, and it is impossible to estimate exactly at this point in time when these over-capacities will be eliminated and new programs to invest in production equipment will again be launched." However, the Company sees demand for its products and solutions to rise again substantially in 2013.
In particular, GT Advanced Technologies Inc. (Nasdaq: GTAT) is up due to half of its business coming from Meyer Burger. Shares are up 6.4 percent on the session with volume.
Others in the PV production segment include MEMC Materials (NYSE: WFR) and Rubicon Technology (Nasdaq: RBCN). Other solars include names like First Solar (Nasdaq: FSLR) and SunPower (Nasdaq: SPWR).
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Meyer Burger reported in-line results for the first-half of 2012. Sales were CHF 307.2 million with a net loss of CHF 34.2 million. EBITDA came in at CHF 4.65 million, from CHF 154.89 million last year.
However, the more important part in the company's expectations. Meyer Burger sees a tough environment for the balance of 2012, saying "[t]here are still over-capacities at cell and module manufacturers, and it is impossible to estimate exactly at this point in time when these over-capacities will be eliminated and new programs to invest in production equipment will again be launched." However, the Company sees demand for its products and solutions to rise again substantially in 2013.
In particular, GT Advanced Technologies Inc. (Nasdaq: GTAT) is up due to half of its business coming from Meyer Burger. Shares are up 6.4 percent on the session with volume.
Others in the PV production segment include MEMC Materials (NYSE: WFR) and Rubicon Technology (Nasdaq: RBCN). Other solars include names like First Solar (Nasdaq: FSLR) and SunPower (Nasdaq: SPWR).
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