EMCORE up 10% in pre-market after announcing $29M in new orders
EMCORE Corporation (Nasdaq:EMKR) is up more than 10% in pre-market trading today after the company announced earlier this morning it had received $29 million worth of new orders for concentrator solar cell receivers. The Albuquerque, N.M.-based company said it had entered into two supply agreements in June, which incorporate advance deposits. EMCORE, which is a semiconductor-based components and subsystems provider, said the production on these orders had begun and shipments are scheduled over the course of the next two years.
Ahead of today’s opening, shares of EMCORE are at $5.66, up $0.53 from Tuesday’s close.
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