Solar Market Sinks Results at GT Advanced Technologieshttp://www.fool.com/investing/general/2012/11/07/gtat-earnings.aspx Travis Hoium
November 7, 2012
All indications pointed to a bad quarter for GT Advanced Technologies (Nasdaq: GTAT ) , and now that the numbers are out the market seems to be breathing a sigh of relief. The company isn't collapsing and there appears to be some light at the end of the tunnel. Although, when we reach that light is anybody's guess.
PV continues to slide
In the third quarter, the company sold just $1.6 million of PV equipment, down from $111.2 million a year earlier, and polysilicon sales were down slightly to $95.9 million.
The challenge is that solar manufacturers like LDK Solar (NYSE: LDK