Why GT Advanced Technologies (GTAT) Stock Is Climbing Today

NEW YORK (TheStreet) -- GT Advanced Technologies (GTAT) shares are up 6.3% to $18.51 on Thursday following the company's announcement that Qatar Solar Energy had purchased an order of the company's next generation HiCz200 furnaces.

The furnaces will be used in Qatar Solar Energy's integrated photovalic manufacturing project in Qatar.

"This is an exciting opportunity for GT to have our leading edge HiCz technology selected to be a part of the first vertically integrated PV manufacturing facility in the MENA region. The GT HiCz 200 furnace is expected to produce high quality n-type wafers for solar cells with efficiencies that exceed 22 percent," said Executive VP Dave Keck.

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