Superconductor Technologies (SCON) announced Tuesday morning that it has recently received purchase orders from multiple customers for its Conductus 2G HTS wire. The backlog from these purchase orders, along with other wire shipments that STI has committed to as of April 15, are expected to exhaust production capacity until at least the third quarter of 2013.
Superconductor Technologies gapped up sharply Tuesday and has continued to rise on above average volume in early trade. Shares are now up 1.95 at $4.27 and have climbed to a 3 1/2 month high.
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