Aehr Test Systems (AEHR) Jumps 40% After Receiving $10 Million Order: Is EV Company A Good Investment?

Aehr Test Systems stock has been on a smooth stable low pace. The stock was trading at around $2.80, until when the price has skyrocketed by 21% on July 16. The price has equaled to $3.40 by the end of the trading session. Also, the stock is jumping another 40% in pre-market. This sudden might be caused by the company has received over $10 million for Electric Vehicles parts.
Aehr Test Systems, a worldwide provider of semiconductor test equipment, today announced that it has received follow-on orders from a leading customer for additional FOX-XP and WaferPak systems. This customer’s continued order growth is the result of Aehr Test Systems’ successful working relationship with this customer to achieve their production qualified solution.

FOX-XP systems are designed to test 18 silicon carbide wafers in parallel to the footprint of a standard single wafer test solution. They can also test up to 150mm diameter silicon wafers. Silicon carbide has become the preferred technology for converting electric vehicle power to analog. This transition has allowed designers to reduce power loss by up to 75% over traditional silicon alternatives. However, this technology is known to have higher infant mortality rates. Through our FOX product solutions, Aehr can provide reliable, high-quality silicon carbide power components for these applications.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.

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