GTAT GE Advanced Technology

GTAT is a very well respected company whose shares have fallen due to the world confusion over solar. Basically solar has gone through a huge expansion due primarily to government subsidies in the USA and Europe. All these subsidies are now in doubt or have been cancelled, and unfortunately the cost per watt without subsidy is higher than the cost of traditional sources such as gas and coal. GTAT makes only a few products, they are makers of the equipment used by manufacturers.
So why invest?
I like companies who are very focused  and GT is one such company. The shares are now at around $5.45 and I think that with an backlog order book of $1.6bn and a number of interesting initiatives they are worth a look. The hidden gems here are in two areas, one is that GTAT has technology under development and testing that will reduce the cost per watt to make solar more attractive, but perhaps more exciting is they are market leaders in the development of sapphire technology. This was originally for LED production but is now under test by a number of phone manufacturers as screens. Apparently sapphire is hugely better than even Gorilla Glass from Corning as a scratch and crack proof solution for screens.
This is a company predicting growth of 20% plus for the next 5 years and I think has the potential to give 30-50% growth in share price with little downside risk.