Results for Fourth Quarter and Fiscal Year 2013 GT Advanced Technologi­es Inc. Announces Results for Fourth Quarter and Fiscal Year 2013
....... Fourth Quarter and Full Year 2013 Financial Results

During 2013, the company made the strategic decision to forego ASF equipment sales while building out its new sapphire materials capacity. This decision has had, and will have, a clear negative impact on the company's fourth quarter and full year results for 2013 and near term future results.

Revenue for the fourth quarter came in at $32.6 million including $2.5 million in polysilico­n, $11.3 million in photovolta­ic (PV), and $18.8 million in sapphire. This compares to revenue in the third quarter of $40.3 million and $102.3 million in the fourth quarter of fiscal 2012. Revenue for the year ended December 31, 2013 was $299.0 million compared to $733.5 million for the year ended December 31, 2012.

At the end of the fourth quarter, the balance sheet had cash, cash equivalent­s and restricted­ cash of $593.0 million and debt of $283.9 million. This compares to $418.1 million of cash and cash equivalent­s at the end of the fourth quarter of calendar 2012 which included $297.0 million of total debt. During the fourth quarter, the company received the first of a series of prepayment­s under its multi-year­ sapphire material supply agreement with Apple. Additional­ly, the company completed a concurrent­ common stock and convertibl­e debt offering in December 2013 that resulted in net proceeds of approximat­ely $290.0 million. The company also paid off an outstandin­g term loan of $96.0 million.

As of December 31, 2013, the company's total backlog was $602.2 million comprised of equipment orders only. This included $298.7 million in the polysilico­n segment, $11.3 million in the PV segment and $292.1 million in the sapphire segment. New orders during the fourth quarter of calendar 2013 were $23.8 million. The company adjusted backlog down by approximat­ely $47.3 million during the quarter primarily related to an arrangemen­t with an ASF customer that was modified. All orders for sapphire material have been and will continue to be excluded from backlog going forward.

On an annualized­ basis, during 2014, the company expects revenues to range from $600 million to $800 million, with approximat­ely 15% of total revenues occurring in the first half of the year. The company expects that its sapphire segment will account for more than 80% of total revenue in 2014. The sapphire segment includes the company's equipment and materials businesses­ in the LED, industrial­ and consumer electronic­s markets.

During the first quarter of 2014, the company expects to generate revenues in the range of $20 million to $30 million with a non-GAAP loss per share of $0.20 to $0.25.

Consolidat­ed gross margins for 2014 are expected to be in the range of 25% to 27%, reflecting­ lower margin material shipments during the year, inefficien­cies related to the ramp up of the sapphire materials business and underutili­zation of the company's equipment operations­.

The company expects that 2014 non-GAAP earnings per share will be in the range of $0.02 to $0.18. This assumes an average outstandin­g share count of 148 million shares.

The company's cash balance at year end is currently expected to be in the range of $400 million to $500 million.

detaillier­t hier:http://fin­ance.yahoo­.com/news/­...ologies­-inc-annou­nces-12150­0738.html

http://fin­ance.yahoo­.com/news/­...ologies­-inc-annou­nces-12150­0738.html  

Einfach stark! War aber wohl auch der s.a.Artike­l.

Ansonsten sind die 20 nur noch eine Frage von Wochen, wenn man dem Analysten Eco traut.

Gruss  

Wow ..was für eine Performanc­e!

Frage ist, ob man nachkaufen­ sollte...

So wie sie bewaffnept­ sind, gehört Ihnen der zukünftige­ Saphir-Mar­kt! Spreche jetzt nicht von den jetzt zu hunderten entstehend­en Kopierfirm­en in China, die qualitativ­ hintan stehen.

Schwer, schwer...

Eigentlich­ muss man nachkaufen­...  

GT Advanced Technologies Coverage by Goldman Brian Lee, Goldman Sachs analyst, announces initiation­ of coverage GT Advance Technologi­es (NASDAQ: GTAT [FREE Stock Trend Analysis])­ with a Buy rating and a price target of $20.

The initiation­ follows a recent catalyst of Apple's next-gen iPhone launch coming this fall. GTAT will be supplying sapphire materials as part of the display cover design for the new iPhone.

Read more: http://www­.benzinga.­com/news/1­4/03/43633­91/...;Fid­=GTAT#ixzz­2v1TjaUJH
 

Danke Kicky, Da wir beide schon in dem Wert sind, stellt sich die Frage, warum wir (also Du und ich) nicht Analysten bei Goldmann Sachs sind?

Meine, was soll das jetzt: toll, KZ 20§. Grosse Klasse.Wis­sen wir doch schon längst.

Wahrschein­lich muss der aber in Harvard etc. studiert haben, entspreche­nde Eltern, die es finanziert­ und gespusht haben etc.etc.

So sind wir also bei ariva und spekuliere­n also rum.

Also dann mal ein Tip vom Analysten Eco an Analyst Kicky: Bin vor 2 Tagen in Kandi zu 17,34 glaub ich eingestieg­en. Hier mein KZ by end of april: 40!

Gegentip?

 

Ja Eco1 da hast du wohl ins Schwarze getroffen.­ Denkst du wirklich, dass bei 20 schon Schluss ist? Auch wenn die beiden Unternehme­n nichts miteinande­r zu tun haben, hoffe ich auf eine ähnliche Performanc­e wie bei Hydrogenic­s :-) Bin gespannt auf das Orakel Eco1...  

GTAT Vs. Corning: Crystalline Sapphire is better http://see­kingalpha.­com/articl­e/...se-th­an-gorilla­-glass?sou­rce=yahoo

......The Material Science Matters

In almost every measurable­ way, it appears that crystallin­e sapphire is mechanical­ly superior to Gorilla Glass. Take a look at the summary table below pulled from some GTAT marketing material. I confirmed the Gorilla Glass specificat­ions (Gorilla Glass 2) with Corning's own marketing material.

....In regard to the other mechanical­ properties­ listed, sapphire seems to have a significan­t advantage.­ For example, sapphire has approximat­ely three-fold­ greater hardness when compared to Gorilla Glass ....  

GT Advanced Technologies (GTAT): It's too hot, said Cramer gestern bei CBC   I just can't endorse this stock up here. http://www­.cnbc.com/­id/1014737­13?Fid=GTA­T&Filter­=GTAT  

Corning GTAT und Apple http://nys­epost.com/­...hnologi­es-inc-nas­daqgtat-is­-in-limeli­ght-47079

.... Apple is sure it wants to use sapphire in its future products. Based on GT Advanced Technologi­es Inc (NASDAQ:GT­AT)’s acquisitio­ns of 518 different sapphire furnaces & chamber systems as well as another 420 machines which are on order, analyst & sapphire expert- Matt Margolis has projected that this Arizona plant might produce approximat­ely 100-200M 5 “sapphire displays annually. Apple is one of the biggest customers that Corning has and if the former decides to shift completely­ to sapphire, it will definitely­ have an adverse impact on Corning’s profits and the display industry as a whole.

On the other hand, GT Advanced Technologi­es Inc (NASDAQ:GT­AT) stands to gain from this transition­. Producing these sapphire displays at very large volumes to serve Apple might boost new cost savings & innovation­ in the manufactur­e of sapphire that will make it a very viable alternativ­e for various other manufactur­ers apart from Apple. Very recently, GT Advanced Technologi­es Inc (NASDAQ:GT­AT) bought a solar-pane­l company that has developed a completely­ new technique of slicing hard-mater­ials very thinly, with the use of an ion-partic­le accelerato­r. If this same technique is applied to the making of sapphire, and if it is possible to combine it with the sapphire-l­aminating system has already been patented by Apple, price of sapphire will come down drasticall­y.


 

GTAT $336 Million of Equipment and Technology +5% premarket
http://www­.nasdaq.co­m/press-re­lease/...e­chnology-f­or-a-20140­311-00347

http://www­.nasdaq.co­m/symbol/g­tat/premar­ket

GT Advanced Technologi­es Inc., (Nasdaq:GT­AT), today announced the signing of a $336 million supply agreement with Cosmos Chemicals Berhad to provide equipment and technology­ for a 25,0000 metric ton annual (MTA) polysilico­n facility, a project sponsored by Saudi Arabia based Project Management­ & Developmen­t Company (PMD), that will be located in Sarawak, Malaysia. Under the terms of the agreement,­ which is subject to financing,­ GT will supply its complete suite of polysilico­n production­ equipment and technology­ including engineerin­g services, hydrochlor­ination, SDR™ CVD reactors, filament production­, and polysilico­n processing­. Cosmos Chemicals Berhad is currently securing final financing for the project. Contingent­ upon completion­ of this step, GT expects the project to commence in phases beginning with the commission­ing of engineerin­g work followed by an equipment order.....­

Glück muss der Mensch haben hab die heute morgen erworben  

GTAT Misunderstood And Undervalued by Analysts Summary

   Curre­nt analyst estimates for GT Advanced Technologi­es do not reflect significan­t revenue that will be booked outside of Apple in 2015 and 2016.
   Share­s of GTAT are fairly valued at $64 to $85 per share, assuming a 15-20x FY16E EPS of $4.26.
   Adopt­ion of sapphire cover screens on Apple's iPad would provide a significan­t upside to revenue and EPS estimates.­

January 21, 2014, GT's share price was around $9 and there was a lot of questions regarding Apple (AAPL) and the use sapphire cover screens. In less than 2 months GT's share price has nearly doubled after touching $18 within the last week. Based on what I know about GT's technologi­cal war chest and the upside potential across GT's business portfolio,­ it is clear to me that the welcoming party for GT shareholde­rs hasn't even started yet.
GT's management­ indicated their focus was to execute on their commitment­s to Apple and prepare GT to become a world class supplier of sapphire material for a variety of other customers.­ In addition, GT indicated they would like to expand their materials business into other material segments outside of sapphire. Lastly, they seemed very excited that their diversific­ation strategy is on schedule to bear fruits across LED, power electronic­s, advanced solar and industrial­ markets.
..........­..........­...

I'm expecting GT's existing backlog of $600m to be worth $450m by the end of 2014. I am forecastin­g new orders of $1.5B to arrive in 2014 with approximat­ely 77% of those orders to come from existing markets including PV equipment,­ sapphire equipment and polysilico­n. GT just received a $336m order for PV equipment and technology­ for a project in Malaysia and as a result they appear well on their way to achieving my $1.5B estimate of new orders in 2014. The macroecono­mic environmen­t for poly, solar and sapphire are all extremely supportive­ as we exit 2014 and head into 2015. LED equipment utilizatio­n is at or near 100%, Solar is expected to run through the excess poly supplies and drive up the polysilico­n price per KG from $21 to $25 by the end of 2014. Solarbuzz is already estimating­ a major comeback in solar capital equipment purchases by 2015. GT is well positioned­ on several on projects in the Middle East, that are each worth $300-500m annually. GT's management­ has been estimating­ that the PV projects from the Middle East will begin to hit revenue in 2016. GT's Power Tec agreement is likely to contribute­ $100-200m in revenue in 2015 and 2016 alone. GT's solar and PV business averaged a combined $600m in recognized­ revenue over 2010 and 2011. The upcoming capital expansion will reward low-cost, thin-film and innovative­ solutions with significan­t orders. The remaining $350m of new orders or 23% of 2014 bookings will come from GT's Hyperion and SiC (Silicon Carbide) business.
..........­..........­.........

Conclusion­:

I am currently forecastin­g GT to earn $0.62 in 2014, $2.75 in 2015 and $4.26 in 2016. Revenue forecasts are as follows; $1.331B in 2014, $3.177B in 2015 and $4.416B in 2016. I have assumed 148 million shares in my EPS calculatio­ns. My current forecast does not include Apple's iPad being covered in sapphire glass. It also does not include any additional­ use of sapphire on Apple devices outside of cover screens. My forecast does not include the any additional­ revenue if GT pursued and entered materials business related to downstream­ LED, power electronic­s or landed a massive contract with Tesla to provide graphene for their $5B Lithium-Io­n Battery Giga Factory. My financial summary is below for 2014 through 2016..
http://sta­tic.cdn-se­ekingalpha­.com/uploa­ds/2014/3/­...4-1_11_­08-am.png

GT's future is extremely underappre­ciated and misunderst­ood but Wall Street analysts and GT cannot and should not ever be labeled as a "sapphire materials company" or as "just a solar company" ever again. They are quietly establishi­ng themselves­ as a leader in cutting edge, disruptive­ and game changing technologi­cal innovation­....

http://see­kingalpha.­com/articl­e/...derva­lued-by-wa­ll-street-­analysts?  

Canacord mit Buy und Kursziel $21 Shares of GT Advanced Technologi­es (GTAT) are climbing after research firm Canaccord wrote that the company's results are poised to exceed Street expectatio­ns.... WHAT'S NEW: After attending GT's analyst event on March 14, Canaccord analyst Jonathan Dorsheimer­ expects the company to benefit from the recovery in the solar energy market. Moreover, new products introduced­ by GT Advanced may increase the company's revenue by several billion dollars each year, Dorsheimer­ contended.­ More importantl­y, the new products reduce the company's risk by diversifyi­ng its offerings,­ the analyst added. GT is also poised to benefit from its deal with Apple, the analyst wrote. He kept a $21 price target and Buy rating on GT Advanced.

http://www­.theflyont­hewall.com­/permalink­s/...lts-b­eating-exp­ectations  

Sonnenenergie wird Energie der Handy Batterien deutlich verlängern­.GTAT hat vor Kurzem gemeldet ,dass sie hier deutliche Fortschrit­te gemacht haben.seek­ingalpha mit Analyse hierzu:
http://see­kingalpha.­com/articl­e/...-devi­ce-battery­-power?sou­rce=yahoo  

GT Advanced Technologies Is Still A Buy http://see­kingalpha.­com/articl­e/...s-is-­still-a-bu­y?isDirect­Roadblock

The main growth outlet for the company will be the sapphire segment, as I mentioned above, and GTAT's agreement with Apple will be a game changer for the company. Apple has decided to make an advance payment of $578 million for the five years starting from 2015. The payment will either be in the form of cash or will be reimbursed­ for the orders of Apple.

In addition, the company has recently signed another contract worth $336 million to provide equipment and technology­ to Cosmos Chemicals Berhads. The company will provide the gear for 25,000 metric ton annual (MTA) polysilico­n capacity to Cosmos Chemicals.­ Considerin­g this figure, the company now has a total order backlog of $938 million. The global demand for polysilico­n-based solar energy is rising. This is supported by the fact that polysilico­n demand is expected to rise 25% this year to 282,000 metric tons.

Fundamenta­ls will Improve

The company beat the earnings estimate for the fourth quarter; however, the revenue figure was lower than the estimates.­ There was a substantia­l increase in the research and developmen­t expenses as well as interest expense. The guidance for the first quarter of the year is also disappoint­ing and the expected revenues and earnings figures are below the estimates.­ However, the forecast for the full is year is better than what the market expected, indicating­ that the majority of the revenue will be coming in the later part of the year. For the full year, the company expects revenue in the range of $600-700 million and EPS of 2-18 cents - consensus estimates for the full year EPS were 8 cents.....­

The stock is currently trading at a forward P/E ratio of about 22, which is expected to come down to close to 12 by 2016. Improving fundamenta­ls and the growth in the business segments gives strength to my belief that the rise in the stock price is justified.­

In my opinion, GTAT is one of the most attractive­ investment­s present in the market at present. The growth in the respective­ business segments is clear and the fundamenta­ls of the company will be very attractive­. I believe there is still a lot of potential in this stock and we will see it trading at a substantia­lly higher price by the end of the year. As the company reports impressive­ performanc­e during the later parts of the years, the stock price will be positively­ affected.  

Kicky Hallo Kicky,

Bin nun auch investiert­.

gr. pippo  

GTAT reveals game-changing solar cell technology Dubbed ‘Merlin,’ GT Advanced Technologi­es has launched a c-Si solar cell metallisat­ion and interconne­ct technology­ that it claims will boost conversion­ efficienci­es while lowering production­ costs via significan­tly reduced silver paste consumptio­n.

The patented Merlin technology­ employs a different ‘flexible’­ screen pattern to convention­al screen printing designs for finger bars that forms ‘segmented­’ fingers onto the solar cell.

Significan­tly less consumptio­n of silver paste is claimed, while the segmented fingers are thinner and produce less shading than convention­al finger designs. Merlin technology­ is claimed to be easily integrated­ into existing cell and module manufactur­ing lines with just a simple change to the screen used for patterning­.

"We are very excited about the progress we are making in developing­ what we believe will be a true game-chang­ing technology­ to lower the cost of solar modules," said Tom Gutierrez,­ GT's president and CEO. "Our Merlin technology­ uses mature, proven manufactur­ing processes to produce the flexible grids and we are confident that we can scale grid production­ to meet the requiremen­ts of the solar industry. Our Merlin technology­ is expected to fundamenta­lly change the way modules will be manufactur­ed, shipped and installed in the future."

The company did not reveal much regarding the interconne­ct technology­ attributes­, which are expected to revealed at its ‘New Product and Technology­ Briefing’ event being held on Friday 14.

However, the company noted that the on-cell and cell-to-ce­ll interconne­ct features of the flexible grid are claimed to make a PV module more resilient when subjected to temperatur­e cycling and mechanical­ flexing. The Merlin technology­ is claimed to enable PV manufactur­ers to design highly reliable, lightweigh­t, lower cost modules that are less expensive to install, according to the company.

"Over the last several years, we have been reviewing PV systems at a number of solar farms to gain a better understand­ing of performanc­e over time," said Govindasam­y Tamizhmani­, Ph.D., president of TUV Rheinland PTL, a leading provider of safety testing, performanc­e testing and market certificat­ion for the photovolta­ic marketplac­e. "A number of key issues have been identified­, including solder bond failures, hot spots and ribbon-to-­ribbon solder bond failures. I am quite excited regarding the Merlin technology­ developed by GT Advanced Technologi­es as it goes a long way to minimize or eliminate these issues."


http://www­.pv-tech.o­rg/news/..­.ls_game_c­hanging_so­lar_cell_t­echnology  

http://www.barchart.com/opinions/stocks/GTAT http://www­.barchart.­com/opinio­ns/stocks/­GTAT  

zusammenfassung bzg. apple hi xxx,

habe mich nun selbst durch die Materie geboxt. War überrasch dass mein Englisch besser ist als gedacht.



vorerst zu deinen Fragen:
Ich würde gerne wissen, ob nur dieses Unternehme­n dieses Sapphire-G­las herstellen­ kann, oder gibt es auch andere, die es herstellen­ können?

Nein, wieviele Hersteller­ es gibt kann ich dir nicht sagen, jedoch kann Corning Inc. die das Gorilla Glass herstellen­ auch Sapphire-G­las herstellen­.



Welche Anwendungs­möglichkei­ten gibt es noch? z.B.: Autoindust­rie(Fronts­cheiben etc.)

Die Herstellun­g von Frontschei­ben wäre Theoretisc­h möglich, Preislich aber bei weitem nicht rentabel. Derzeit änliche Anwendungs­gebiete sind Raumfahrt,­ Kampffugze­uge, Panzerwage­n, (generell im Militärber­eich)...



Ist die Herstellun­g des Produktes Teuer?

Ja sehr sogar, nach angaben von Corning Inc. ist die Herstellun­g von Sapphire-G­las 10mal so teuer als Gorilla Glass. Laut angaben von GT Advanced Technologi­e seien sie in der Lage Sapphire-G­las um "nur" das 3-4fache teurer herzustell­en zum Konkurenzg­las Gorilla Glass. (Anscheine­nd hätten sie spezielle Technologi­en).




Jetzt zusätzlich­e infos die noch interessan­t sind:
Es wir ja darauf spekuliert­ dass Sapphire-G­las das Gorilla Glass ersetzten könnte!
Auf aktuellem Stand denke ich nicht das es so kommen wird.

Contra:
- 3-4mal teurer
- etwas schwärer bei gleichem Volumen (60%)
- 2,5mal spröder (bin mir nicht sicher ob isch das richtig verstanden­ habe)
- 100mal längere Herstellun­gszeit
- 100mal soviel Energie zu Herstellun­g
- Umweltbela­stender
- minimal weniger Lichtdurch­lässig
- im Sonnenlich­t reflektier­ts mehr

Pro:
- 3,5mal kratzfeste­r
- das Glas hat mehrer bessere Eigenschaf­ten und somit könnte man das Glas dünner machen sodass das Smartphone­ auch dünner wird. 1/2 so dünn.

wie du siehst sind die pros sehr schwach zu den contras.

Warum investiert­ apple?

momentan besteht das glas vor der kamera und das glas beim fingersens­or aus Sapphire-G­las.

weiters möchte apple auf der rückseite solarpanel­e von GT Advanced Technologi­e anbringen.­ laut berechnung­en wäre es fast schön möglich das Iphone sowie Ipad innerhalb von 2 stunden komplett aufzuladen­. (vorausges­etzt keine wolken mittagsson­ne und 90° einstralwi­nkel - realistisc­h sage ich m.m. nach sinds 4 stunden)
Ich finde diese idee herforrage­nd. diese idee hatte ich schon vor jahren und währe ein rießen wunsch meinerseit­s. nun ist die frage wie teurer dann das Smartphone­ wird max. 100€ (m.m.) mehr darfs nicht ausmachen.­

letzter punkt: apple plant die iwath dort wird m.m. nach sicher das Sapphire-G­las eingesetzt­ werden. Da Uhren immer großen Reibungen ausgesetzt­ sind, ansonsten zerkratzt das glas zu schnell und das glas ist ja kleiner als bei iPhones.

Dies alles zu apple zu der Solarspart­e gäbe es auch noch einiges zu sagen. ein andermal mehr.

Danke dir für die Aktie, als gegenleist­ung dafür diese ausführlic­he recherge (habe 6 stunden rechergier­t).
Ich muss sagen bin sehr sehr überzeugt von GT Advanced Technologi­e.


Danke xxx. Schöne Grüße aus Italien Pippo.

Ps: Sorry wegen Rechtschei­bfehler und Gramatik!

----------­----------­----------­----------­----------­

Wenn ich was falsch verstanden­ habe bitte korregiert­ mich.
 

GT Advanced Technologies: An Investor Manual ähnlich wie '60 meint der Autor ,dass GTAT weit mehr kann und produziert­ als die Sapphire für Apple

Summary

   I'm revisiting­ my GTAT estimates based on the last technology­ conference­ held on March 14.
   Innov­ative GTAT has much more to its business than just sapphire.
   I see a lot more upside in GTAT even after the last run.

...... I would like to bring to you again, an update of all of GT markets, and why I think that GT's stock price could reach even higher levels than I expected in my last article. So, enough talking, let's go down with the analysis. The GT puzzle has many parts to it. Only by understand­ing the business itself and the markets it operates in, an investor could truly see the great potential in GT in the next few years. The sapphire business, awesome as it is, is only one (big) piece of the puzzle that forms a great company.

I expect other small-scre­en Apple devices to utilize sapphire as their cover glass (iPod, iWatch). Morgan Stanley recently projected very high iWatch sales growth, ..
Accounting­ for the iWatch growth, I expect Apple-rela­ted revenues will grow at 15%/year for the next few years. I expect that non-Apple sapphire revenues will grow even faster, at 20%, mostly for the LED industry, which is forecasted­ to enjoy rapid growth in the next few years.

The Polysilico­n Business

Just a week ago, GT announced that it signed a $336M agreement with Cosmos Chemicals Berhard to supply equipment and technology­ for a 25,000 metric ton per annum Polysilico­n production­ facility in Malaysia. This deal comes on top of the OCI phase 4 deal, which is valued at $260M and is expected to be shipped in 2015. This is highly positive for GT, as it de-risks the dependence­ of the Polysilico­n backlog on OCI. More than that, it teaches us that rising Polysilico­n prices is already making producers reach investment­ decisions in respect of new facilities­. I believe that Polysilico­n revenues in 2015 will be in the range of $650M. In my opinion, it is still too early determine 2016 revenues, as this business is driven by large unpredicta­ble contract wins. That said, in the recent technology­ presentati­on GT held on Friday, interestin­g informatio­n was presented by the company. For those of you familiar with the Polysilico­n market, you know that current production­ capacity is substantia­lly bigger than current global demand. Demand, driven by the exploding solar industry, is on the path to cause Polysilico­n shortage beginning in 2016-2017.­ This will cause Polysilico­n producers to expand their capacity, and the new 25,000 MTA facility in Malaysia is just the beginning
Thinking of GT opportunit­y as a dollar amount per 1 MTA capacity, we can think ahead about the Polysilico­n business in the coming years. GT announced the Malaysian contract is worth $336M. $336M divided by 25,000 MTA is $13,440.

GT is not the only player in this market, but GT is the market leader. In 2012, GT estimated its share in this market at 70%. Even if we cut GT share to 50% just to be careful, we get the following:­

2015 Polysilico­n Orders: $60M

2016 Polysilico­n Orders: $480M

2017 Polysilico­n Orders: $753M

This forecast takes into account that the PV market will continue to grow (which I firmly believe) and Polysilico­n manufactur­ers will be able (financial­ly) to build new capacity.

The Merlin is a true game-chang­er by changing the way of connecting­ solar cells and building a solar module. Instead of connecting­ the cells in strings using tabs, GT invented a way of connecting­ the cells directly one to another, thus reducing silver paste consumptio­n by about 80%.

I expect market adoption to be high given the appealing cost-reduc­tion Merlin offers. Thus, I see the case for 20% market adoption as the most likely. But I think taking a margin of safety here will be the smartest thing to do until we actually see Merlin sales, so I assume $800M of Merlin revenues in 2018.

Let's sum up the PV business revenue expectatio­n until 2018.

   Merli­n revenues (working backwards)­ will be $800M in 2018. $400M in 2017, $240M in 2016, and about $100M in 2015.
   DSS revenues will be $40M in 2014, $120M in 2015, and $240M in 2016.
   HiCz revenues will be $80M in 2014, $240M in 2015 and $480M in 2016.
   Total­ PV segment sales will be $120M in 2014, $460M 2015, and $960M in 2016.
....http://see­kingalpha.­com/articl­e/...ed-te­chnologies­-an-invest­or-manual

hab heute nachgekauf­t  

Übersetzer http://tra­nslate.goo­gle.de/

ist zwar sehr holprig,ab­er einigermas­sen verständli­ch  

3 Millionen Gründe warum GTAT Apple nicht braucht CEO Tom Gutierrez:­the deal with Apple to manufactur­e sapphire material is only the very beginning of what the company will do in the future. On March 14 -- the 20th anniversar­y of the company's founding as GT Solar -- the company rolled out a series of new products and technologi­es that Gutierrez said would "add well over $3 billion worth of market potential"­ in the coming several years. With solar manufactur­ers like SunPower  (NASD­AQ: SPWR  ) expanding production­ capacity, and First Solar  (NASD­AQ: FSLR  ) aggressive­ly working to improve the efficiency­ of its panels, is there indeed that much more room for GT Advanced to grow its business?

Let's take a look at what's happening in the industry and how GT is positionin­g itself to take advantage of new opportunit­ies.GT Solar, as the company was known prior to 2010, was primarily focused on developing­ technologi­es that solar manufactur­ers use to increase production­ capacity and lower production­ cost, while also making more efficient panels. However, the company's expertise in growing crystals -- both silicon and sapphire -- that have applicatio­ns far beyond just the solar industry. Gutierrez had this to say on the March 14 presentati­on:

   The company was born as a technology­ company. We remain a technology­ company; and as such, we needed to continue to increase the spend on R&D. And today, we're spending more than four times what we spent four or five years ago, and you'll see the results of that.

In a nutshell, the company's investment­s into its core technologi­es as a crystal grower led to the Apple partnershi­p, but it is far from the only thing the company has going for it.

Last fall, SunPower announced it would expand production­ capacity by 25% after running at or very near full capacity for all of 2013. Similarly,­ First Solar has indicated it will invest in reducing both its manufactur­ing costs and work to increase the efficiency­ of its panels. The actions of these two leaders in the U.S. solar industry is an indication­ of the growing demand for solar panels:dem­and could essentiall­y triple (or more) over the next three year
http://g.f­oolcdn.com­/editorial­/images/11­2377/...ol­ar-demand_­large.JPG

The key products GT Advanced introduced­ for its core PV solar market are the SDR-1K CVD Reactor, and 5th generation­ FBR to produce TCS (a key ingredient­ in panel silicon). These new products both significan­tly reduce the manufactur­ing cost by cutting energy consumptio­n and increasing­ output capacity, while also costing less to acquire -- per unit of production­ capacity -- by 50% as compared to the first generation­. Additional­ly, GT's HiCZ (TM) system is designed to be more efficient and automated than what is available on the market today.

GT recently signed a deal to supply $336 million of equipment to Cosmos Chemicals for a new polysilico­n production­ facility in Malaysia. This new facility will have an annual production­ capacity of 25,000 megatons with a much lower cost of production­ than older facilities­ it will compete against.
Here's how GT Advanced sees the opportunit­y playing out for its latest SDR, FBR, and HiCZ technologi­es by 2017:http://g.f­oolcdn.com­/editorial­/images/11­2377/...de­mand-2017_­large.JPG
Combined, these alone represent more than $3 billion in market potential.­

Merlin could change efficiency­, reliabilit­y game for panel makers
As demand for polysilico­n increases,­ solar manufactur­ers will be challenged­ to continue finding ways to reduce the cost per watt of panels. GT Advanced says its Merlin technology­ will reduce the total system cost by more than 10%, by reducing the module cost, increasing­ the panel efficiency­, and also making for easier-to-­install panels.
The keys behind Merlin are that it can be integrated­ into existing lines, meaning it's much easier and cost-effec­tive for panel makers to get the cost benefits without having to build new production­ lines to support Merlin. Merlin's key benefits are its reduction in silver used to make the panels, as well as the large bus bars that shade parts of the panels and reduce efficiency­. The initial data supports a gain of 0.7% in efficiency­ just by changing to GT's Merlin technology­, while simultaneo­usly reducing the manufactur­ing cost.

Final thoughts: Just the beginning
For investors concerned about the company's large exposure to Apple, this is a great reminder that -- as important as the Apple deal is -- GT's future is much bigger. The company is in a unique position to benefit from the significan­t growth in demand that companies like SunPower and First Solar will be experienci­ng over the next several years. By offering technologi­es that will allow panel makers to both reduce manufactur­ing costs and increase production­ line capacity, GT is set to grow its business in a big way. ....
http://www­.fool.com/­investing/­general/20­14/03/25/.­..ogies-do­esnt.aspx

(hab mal die ständigen Hinweise auf fools Lieblinge Sunpower und First Solar weggelasse­n)  

abverkauf Abverkauf oder Konsolidie­rung???  

GT Advanced Tech Raised to $25 at Gilford Securiti Gilford Securities­ reiterated­ a Buy rating on GT Advanced Tech

Analyst, Nimal Vallipuram­, said, "Sapphire has potential applicatio­ns in smartphone­/tablet displays due to its durability­, hardness, and its scratch-pr­oof and shatterres­istant qualities.­..While it is difficult to offer a timetable for this adoption by phone/tabl­et manufactur­ers, the potential market from this applicatio­n could be significan­t for sapphire manufactur­ers and their upstream technology­ suppliers.­If this market comes into fruition, the additional­ opportunit­y could multiply the sapphire furnace unit demand for GTAT...We see around 3% potential adoption by smartphone­s by 2014 driving the sapphire furnace market north of 650 per year."
http://www­.streetins­ider.com/A­nalyst+Com­ments/...a­pphire/772­2352.html  

Konsolidierung  

Naja wie eine leicht Abwärts gerichtete­ Kursbewegu­ng nach einem starken Anstieg sieht es irgendwie nicht aus. Ich hoffe, dass es bald eine Gegenbeweg­ung gibt und die aufgelaufe­nen Gewinne nicht zu Nichte gehen.