Solar: Applied Materials up as technology is demonstrated (AMAT)

From the AP via Forbes:

Shares of Applied Materials Inc., which makes equipment for producing thin-film polysilicon, rose Tuesday after it demonstrated it could rapidly build manufacturing capacity for a key solar energy customer.

Applied Materials (nasdaq: AMAT) completed a thin-film polysilicon manufacturing facility for Signet Solar Inc. near Dresden, Germany, in three months, Friedman, Billings, Ramsey analyst Mehdi Hosseini said Tuesday in a client note.

On Friday, Signet Solar announced the production - using the newly built Applied Materials facility - of a thin-film polysilicon module that is about seven times larger than the average size....MORE

Why We Like Applied Materials even though it's down 2%. And Warren Buffett Stops By (AMAT; BRK.A)