Aehr Says In Last Sixty Days, We Have Seen How The Slowing Of The Growth Rate Of The Electric Vehicle Market Has Had A Negative Impact On The Timing Of Several Current And New Customer Orders And Capacity Increases For Silicon Carbide Devices Used In Them
Portfolio Pulse from Benzinga Newsdesk
Aehr Test Systems has observed a negative impact on the timing of customer orders and capacity increases for silicon carbide devices used in electric vehicles due to the slowing growth rate of the EV market in the last sixty days.
January 09, 2024 | 9:08 pm
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Aehr Test Systems has experienced delays in customer orders and capacity expansions for silicon carbide devices, which are integral to electric vehicles, due to a slowdown in the EV market.
The news directly relates to Aehr Test Systems and indicates a negative trend in their business operations, specifically in the electric vehicle sector. This could potentially lead to reduced revenues and earnings in the short term, thereby likely causing a negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100