Why Aehr Test Systems Skyrocketed 17% Higher Today
Shares of Aehr Test Systems (NASDAQ: AEHR) rocketed 16.7% higher on Thursday.
The manufacturer of test and burn-in equipment has surged this year, as its proprietary burn-in solutions are receiving heavy demand in silicon carbide (SiC) manufacturing. For those new to SiC, this material is seen as a very high-growth area, due to SiC's anticipated adoption across electric vehicles and clean energy infrastructure through this decade.
On Thursday, Aehr announced it had received a large new order under a long-term supply agreement for multiple products from what appears to be a very large customer. The new customer win appears to have led to a renewed jolt of enthusiasm for Aehr today.
Source Fool.com
