Strong Customer Demand, Acquisitions, and New Orders Boost Revenue Growth - Research Report on First Solar, Applied Materials, Mellanox, AFOP, and Ultratech

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Jul 05, 2013, 08:00 ET

NEW YORK, July 5, 2013 /PRNewswire/ --

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Today, Wall Street Reports announced new research reports highlighting First Solar, Inc. (NASDAQ: FSLR), Applied Materials, Inc. (NASDAQ: AMAT), Mellanox Technologies, Ltd. (NASDAQ: MLNX), Alliance Fiber Optic Products, Inc. (NASDAQ: AFOP), and Ultratech, Inc. (NASDAQ: UTEK). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

First Solar, Inc. Research Report

On July 1, 2013, First Solar, Inc. (First Solar), together with El Paso Electric Power (El Paso Electric) and The New Mexico State Land Office, announced the commencement of construction activity at the Macho Springs Solar Project in New Mexico. As per a 20-year power purchase agreement between El Paso Electric and First Solar, the 50MWac project will generate sufficient clean energy to power over 18,000 average customer homes in the El Paso Electric service territory. El Paso Electric will purchase the entire output power from the Macho Springs solar power project to serve its New Mexico and Texas service territory. According to the Consortium, the project is expected to displace more than 40,000 metric tons of CO2, and over 340,000 metric tons of water consumption annually. Construction activity at the power plant, which will operate on about 500 acres of leased land at Macho Springs, will create approximately 300 jobs and is expected to be completed by May 2014. The Full Research Report on First Solar, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/f198_FSLR]

Applied Materials, Inc. Research Report

On July 2, 2013, Applied Materials, Inc. (Applied Materials) reported that the Company has received significant orders from BOE Technology Group, Co. (BOE) for advanced Gen 8.5 and Gen 5.5 display production equipment to be used in multiple facilities. As per the arrangement between the Companies, Applied Materials will supply a full suite of advanced deposition equipment such as Applied PiVot PVD and PECVD systems to the latter. According to the Company, BOE has selected these systems because of their ability to produce faster, smaller thin film transistors for the next era of high definition televisions and high pixel density displays for future mobile devices. Ali Salehpour, Group Vice President, General Manager, Applied Materials Energy and Environmental Solutions and Display Business Group, said, "There is a major shift taking place in the display industry toward adopting new materials, and BOE selecting Applied Materials equipment validates the technology differentiation and productivity gains we provide to our customers. Together, BOE and Applied are enabling consumers to experience displays with world-class color, clarity and brightness."The Full Research Report on Applied Materials, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/2018_AMAT]

Mellanox Technologies, Ltd. Research Report

On July 1, 2013, Mellanox Technologies, Ltd. (Mellanox) announced that it has completed the acquisition of IPtronics A/S (IPtronics) at a total cash purchase price of $47.5 million, subject to certain working capital and other adjustments. IPtronics is a Denmark-based company that specializes in optical interconnect component design for digital communications, and, with this accomplished deal, Mellanox expects to enhance its ability to offer complete end-to-end interconnect solutions at 100GB/s and beyond, besides increasing its competitiveness and position as a leading provider of high-performance, end-to-end interconnect solutions for servers and storage systems. The Company also reported that with this acquisition IPtronics will operate as a wholly-owned indirect subsidiary of Mellanox and the Roskilde, Denmark location will serve as Mellanox's first R&D center in Europe. Going further, the Company also expects to expand its customer support presence within Europe from this location. The Full Research Report on Mellanox Technologies, Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/4da9_MLNX]

Alliance Fiber Optic Products, Inc. Research Report

On July 1, 2013, Alliance Fiber Optic Products, Inc. (AFOP) released its preliminary sales report for Q2 2013. For Q2 2013, the Company expects its sales of more than $ 19 million that represents over 55% QoQ growth, which is higher than the revised revenue guidance of $16 million issued on May 22, 2013. AFOP expects strong customer demand to drive its higher than anticipated quarterly sales. However, the Company has notified that these results are subject to change as per final management review and closing adjustments for the quarter. The Full Research Report on Alliance Fiber Optic Products, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/2df5_AFOP]

Ultratech, Inc. Research Report

On July 2, 2013, Ultratech, Inc. (Ultratech) announced that it has received a repeat order from a leading outsourced semiconductor assembly and test (OSAT) company in Asia. Ultratech stated that its AP300W lithography system built on Ultratech's customizable Unity Platform will be used for wafer-level packaging (WLP) applications to support growth driven by communication devices. Manish Ranjan, Ultratech Vice President, Advanced Packaging Technology/Nanotechnology Market, said, "Ultratech has maintained a leading market position over the last decade by delivering outstanding production performance with superior cost-of-ownership solutions. We look forward to working closely with our customers in the OSAT segment to support their high-volume production ramps." The Full Research Report on Ultratech, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.wsreports.com/r/full_research_report/470e_UTEK]

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SOURCE Wall Street Reports