GT Advanced Technologies Inc. (NASDAQ:GTAT)

CAPS Rating: 4 out of 5

GT Solar International designs and manufactures equipment that is used to produce solar wafers and cells. It also provides services for the production of photovoltaic wafers, cells and modules, and polysilicon."

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Player Avatar JoeAgresti (83.51) Submitted: 2/25/2012 5:41:25 PM : Outperform Start Price: $7.84 GTAT Score: +57.01

GTAT is currently trading at a depressed multiple due to negative news for the SOLAR and to a lesser degree the LED industry overall. This short term negative bias presents a unique opportunity for long term value investors to pick up a once in a lifetime company at 5.5X forward earnings. GTAT's technology is a reason prices have come down industry wide - they are building better machines that will help bring upfront LED costs to the consumer down to purchasable levels. China has already announced that they plan on eliminating incandescents by 2015 and GTAT has been in China since 2002. Solar panel makers like TSL and LDK rely on GTAT's ability to create better machinery so they can compete against competition all over the world. GT is a company based in the UNITED STATES (NH) with manufacturing facilities in this country and mainland China. Grid parity is coming and GTAT is the company leading the charge. They have a significant backlog of orders that haven't been cancelled during the worst of times and they are growing their new sapphire business. If this industry weren't trading at such depressed valuations GTAT would be trading above $20 per share at the MINIMUM. BUY GTAT - YOU WILL NOT REGRET IT!

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