GT Solar Shows Strong Gains (SOLR)

Posted in after-hours  by: admin
August 26th, 2008

Maybe things aren’t all that bad over at GT Solar International Inc. (NASDAQ: SOLR).  It posted net income of $5.1 million and earnings of $0.03 on revenues of $57.1 million.  These compare to a net loss of $5.0 million for the same quarter last year and a loss of -$0.04 EPS.  This was also a 272% revenue rise from the year before.  The newly public solar player also guided Fiscal March-2009 revenues $600 to $650 million and $0.70 to $0.75 EPS.   SEE FULL NOTES

As of 5:10 PM EST, we have seen a 6.6% gain to %15.00 on more than 470,000 shares traded since the 4:00 PM closing bell.

JON OGG

August 26, 2008

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