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FatalWishes
Administrator
Posts: 5589
Registered: 6/24/2004
Location: Fort Worth Texas
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Applied Materials (AMAT)
This is one solar stock I'd sink my money in....They stand to make money supplying all the solar companies material whether those solar companies make money or not. And they are just about the #1 supplier of the material. They are also US based in Santa Clara California.
http://www.appliedmaterials.com/
Running the numbers, this is a solid 25-30 dollar stock and it's trading under 20 bucks right now. Good growth stock that is heavily oversold in this last drop just because its in the solar group that rolled over.
| Quote From Source: | Applied Materials buys Italian solar gear maker
SAN FRANCISCO, Jan 31 (Reuters) - Applied Materials Inc (AMAT.O: Quote, Profile, Research) said on Thursday it acquired Italian solar equipment maker Baccini SpA for $334 million, as the No. 1 chip equipment maker seeks to build its solar business.
Applied Materials Chief Executive Mike Splinter said in a statement that the acquisition should speed his company's efforts to become the leading supplier to the solar industry.
With the purchase and its array of solar cell technologies, Applied plans to cut the production costs for crystalline silicon cell and thin film modules while also decreasing the grams-per-watt usage of silicon material, the company said.
| | Click source url to view entire story. |
Source Reuters
Source URL:
http://www.reuters.com/artic...idUKN3135887620080131?rpc=44
Too bad the government is sinking Tax subsidies into biofuel and the auto industry instead of solar.
One bright side is the Government is helping battery makers as well..so electric cars may become more popular sooner than hydrogen cars.
They should take the warning labels off of everything and let stupidity sort itself out.
Please check out our new website at www.globalwarmingisnotreal.com |
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posted on 2/1/2008 at 08:15
