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Technology Stocks : Wolf speed
WOLF 24.82-5.7%9:30 AM EST
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From: EvanG7/14/2022 7:12:24 PM
   of 10712
 
CVD Equipment Corporation has been getting increasing orders for SiC tools

barrons.com

CVD Equipment Corporation Announces 73% Increased Orders for the First Half 2022

CVD Equipment Corporation (NASDAQ: CVV), a leading provider of chemical vapor deposition and thermal process equipment, today announced increased order demand in the second quarter of 2022. Orders exceeded $12.6 million in the second quarter of 2022 compared to approximately $6 million in the second quarter of 2021 and orders of $16.7 million for the first half of 2022 compared to $9.7 million in the same period of 2021, yielding an increase of 73.2% in the first half of 2022 over 2021.

CVD's orders in the first half of 2022 were attributed to the strong demand for the PVT-150 system developed to support the manufacturing of Silicon Carbide wafers used in high power electronics for EV charging & power transmission. Also contributing to the order flow is the need for nanotechnology materials including carbon nanotubes/fibers, nanomaterials on powder and superconducting tape. All these orders support the electrical vehicle market as well as the trend of the electrification of everything. In the first half of 2022, 20 combined CVD systems were ordered. The systems are planned to ship in the 2nd half of 2022 and into 2023.
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