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 Tuesday and rose sharply in early trade. Shares finished with a gain of 3.13 at $5.45 on the highest volume of the year. The stock surged to over a 4-month high and re-crossed both its 50 and 200-day moving averages.
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