According to Benzinga, Piper Jaffray published a bullish research report on Cree Inc (CREE) saying the company remains the LED leader in China and that China based LED companies are still 2-3 years behind on technology. As a result, the firm believes CREE will be a big beneficiary of the ongoing demand for LED street lamps which is a market they believe will grow another 80% this year. CREE currently owns a 70% share … Read the rest
Category Archives: LED Lighting
Nexxus Lighting (NEXS) Announces New LED To Replace Incandescent BR30 65W
Nexxus Lighting (NEXS) made a key technical move a couple days ago, surging with heavy volume above the 50 day moving average on news the company will commercially sell its new LED BR30 bulb in March.
The LED is expected to replace the incandescent 65W BR30 bulb and use about 85% less energy. It incorporates an enhanced dimming circuit, 2nd generation technology allowing for significant reductions in cost and weight and is expected to exceed … Read the rest
PowerSecure (POWR) Lands $15 Million In LED Lighting Contracts
PowerSecure (POWR) has announced this morning $15 million in new LED lighting orders from three major retailers which include reach in case lights, walk in freezer/cooler lights as well as shelf and canopy led lighting. The retailers expect to improve lighting quality while seeing a 70% reduction in energy usage. The PowerSecure brand of LED lighting is specifically engineered with retailers in mind to improve the customer experience.
GT Advanced Technologies (GTAT) Beats, Guidance Remains Mostly Intact
GT Advanced Technologies (GTAT) reported good earnings results yesterday, beating analyst estimates. The company reported an EPS of .12/share on revenues of $153 million vs the expectations for .08/share on revenues of $146 million. However, it’s still well below the year ago quarter when the company posted $263 million in revenue as the solar market continues to struggle. There are some positive signs though particularly with the surge in demand in Germany which has helped … Read the rest
LED Stocks Hit On Needham Downgrade Of Veeco Instruments (VECO) & Rubicon Technology (RBCN), But Sector Shows Signs Of Bottom
Shares of LED stocks are under pressure this morning after Needham downgraded both Veeco Instruments (VECO) and Rubicon Technology (RBCN) due to slowing demand and over capacity. That’s essentially the same analysis analysts have made for solar stocks which have mirrored the performance of LED stocks. It should be noted that both green sectors are emerging from the dead and are greatly improved technically. I mentioned solar stocks bottomed out a few weeks ago and … Read the rest
Cree Inc (CREE) Misses, Issues Weak Guidance, Shares Down AH
The LED leader Cree Inc (CREE) continues to have a bit of a tough go in earnings season, missing analyst estimates and issuing weak guidance once again. The company reported a non GAAP EPS of .25/share on revenues of $304 million. It wasn’t an awful quarter with the company missing estimates by a small margin and posting quarter over quarter growth of 18%, but traders don’t like the guidance sending shares down nearly 5% in … Read the rest
SemiLEDS (LEDS) Misses Estimates: “LED Industry Remains Challenging”
I’ve been fairly vocal about the bottoming out of solar stocks.. not as much for the LED sector. I think it’s getting close to confirming a bottom. The technical action in SemiLEDS (LEDS), a China LED play, has improved significantly in recent months following the news that China is banning incandescent bulbs.
However, this is a company that continues to remain in the red and that didn’t change with yesterday’s earnings report in which … Read the rest
PowerSecure (POWR) Lands $20 Million Contract, Shares Bullish In Shorter Term
PowerSecure (POWR) announced today it has landed a new contract worth $20 million over the next two years. The contract calls for transmission and distribution construction as well as maintenance services for two divisions of a major public company that was unnamed in the release. A third of the revenue will be recognized in 2012 and the remaining the following year.
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Sidney Hinton, CEO of PowerSecure, … Read the rest
PowerSecure (POWR) Introduces LED Lighting To Replace Fluorescent Tubes
PowerSecure (POWR) has introduced its new SuperTube LED lighting fixtures which are designed to replace overhead fluorescent tubes in commercial applications, increasing energy efficiency and cutting costs. The UL certified lighting solution is available and has already been installed for a customer. They are specifically designed for indoor T8 and T12 retrofit applications and offer 75% greater efficiency over traditional lighting. Another benefit is that they reduce maintenance costs due to a long lifespan of … Read the rest
Energy Focus (EFOI) Awarded $2.5 Million In Efficient Lighting Contracts
Energy Focus (EFOI) has been awarded $2.5 million in efficient lighting contracts it was announced after the bell today. The contracts are for retrofitting at a Fortune 500 firm as well as a large school system in the SE United States. The company is currently procuring the materials and overseeing the installations.
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Joseph Kaveski, CEO, Energy Focus, Inc. commented: "I am encouraged by the … Read the rest