GT Solar shares are rising on Wednesday after the solar equipment vendor signed its largest polysilicon equipment deal -- and largest single deal in company history - with South Korean polysilicon giant OCI.
OCI is paying $228 million for polysilicon reactors that will hit GT Solar's books in the first fiscal quarter of 2012.
LDK is years ahead of OCI
GT Solar shares were up between 7% on Wednesday to a new 52-week high of $12.32, and had reached their average daily trading volume at the mid-day mark. Shares had hit a previous 52-week high of $12.13 on Monday