Gilford Securities Comments on GT Advanced Technologies

Gilford Securities provided color on GT Advanced Technologies

in a research report published today. Gilford Securities has a $13 price target and Buy rating on the company. In the report, Gilford Securities states, " We continue to view GTAT as attractive at its current level as a technology enabler/supplier into the renewable area despite the macro concern over the renewable industry. Although we might not see significant new orders in calendar 2012, we are of the opinion that the current backlog is more than sufficient to satisfy current revenue estimates." Shares of GT Advanced Technologies were trading at $9.07 at the time of posting, up 0.39% from Wednesday's market close.