ASYS – Amtech Systems Analysis

Amtech Systems – ASYS I started to look at the companies in the solar industry since the industry has been drastically depressed lately.  I wanted to see if I could find an investment idea or two in the industry.  I came across ASYS (Amtech Systems), which has a solid balance sheet and no long term debt, with a solid portfolio of products and patents. Business Overview  ASYS is a global provider of thermal processing systems which includes related automation, parts and services for the solar / photovoltaic, semiconductor, silicon wafer and MEMS industries.  In addition, ASYS also manufactures and sells polishing templates, steel carriers, double sided polishing and lapping machines to fabricators of LED’s, optics, quartz, ceramics, and metal parts. Amtech separates their business between the solar industry and the semiconductor industry.  Amtech is a leading supplier of solar diffusion furnaces, including the next generation cell N-Type.  The next generation process technology is the driver of increasing efficiencies and lowering costs to produce photovoltaics (PV). Market Global installed PV capacity has grown from 1.5GW in 2000 to 39.5GW in 2010 and to 67.2GW in 2011.  That is only 0.5% of the total electrical demand worldwide.  IMS Research says that $25B in…

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