Technology takes another leap forward
One big development that may ring the death knell on some Chinese polysilicon manufacturers is the next generation of GT Advanced Technologies (NASDAQ: GTAT ) equipment.
The company will introduce new HiCz PV equipment in 2013 that will bring solar cell efficiencies above 22% on a mass scale. SunPower (NASDAQ: SPWR ) is currently manufacturing at this level of efficiency but Chinese manufacturers are far behind the curve. 2013 is when the technology becomes available to take the next step forward.
The winners of this race may not be the usual players, though. China is cutting funding at a time when companies need to invest in the next generation of equipment. GTAT's management says that demand for new PV equipment is coming from Europe, the Middle East, and the U.S., not China. A paradigm shift in technology may be accompanied by some new names in solar.
I AM in SPWR and use Midwest energy power. I thank BUFFET and what he has done.
So what your saying is GTAT is and has been behind the curve? They need to wait for a NEW solar company to surface for sales growth? The middle east hates USA and Europe is broke. Would Greece be a likely candidate? Our only hopes now lay in Brazil, India and the African nations.
Really? The Middle East hates USA? That is a dumb comment. Middle East governments love USA - from whom do you think they buy all of their weopons? In general, I would say that people, and especially businesses and corporations do not really care where something is made - more important is do they need it, and is the price right.
I am saying they have new technology and the institutions like it. Net institutional purchases in the current quarter at 18.1M shares, which represents about 15.36% of the company's float of 117.86M shares. Float short at 32%. The top 2 holders of the stock are Wellington Capital Management, and UBG AG. I would guess couple bone heads are here that cant read or understand new technology and the margins / sales that might develop. You can blame these buys on me or cover .......