Just days ago Rubicon Technology (RBCN) closed on a public offering of more than 3 million shares, raising around $62 million. In that offering, 834,000 shares were sold to the public by “selling stockholders” as indicated in the press release. We know now that those selling stockholders include the CEO and CFO according to InsiderCow.com, both of which liquidated their entire position. CEO Raja Parvez sold all 200,000 shares for a cool $5.68 million … Read the rest
Category Archives: LED Lighting
CBS News Changing Shape Of Light Video (LED, OLED Lighting): Cree Inc (CREE), Universal Display (PANL) Highlighted
CBS News did a story tonight on the led lighting revolution as the incandescent bulb nears extinction. Here are some facts presented in the story..
– Americans consume double the amount of electricity than someone in Great Britain and nearly 6x than someone in China
– We’re increasing our energy use by 30% per year (this number seems hard to believe!)
– 22% of our electricity use comes from lighting
– 95% of the … Read the rest
China LED IPO China Intelligent Lighting (CIL) Begins Trading
A new green stock that traders will undoubtedly have their eye on in the coming months is the first China LED play to trade on a US exchange. China Intelligent Lighting (CIL) began trading today on the AMEX under the ticker CIL. It’s showing excellent liquidity out of the gates, already trading nearly a million shares before the half way point.
====> Click Here For Your FREE China Intelligent Lighting Analysis
The company raised $10 … Read the rest
Morning Analyst Ratings (COMV, FSLR, CREE)
Needham & Company has initiated coverage on Comverge (COMV) with a Buy rating and $14 price target. Shares of COMV could use a boost. They remain in a down trend and there is resistance all the way up to the 11.15 level of the 200 day moving average. Hat tip to Street Insider for the following analyst comment:
“Overall, we view Comverge’s strong presence in US residential demand response (along with its building presence in … Read the rest
Morgan Joseph Reiterated Buy On Cree Inc (CREE), $100 Price Target
This morning Morgan Joseph reiterated its Buy rating again on Cree Inc (CREE) just as they did in April and maintains its $100 price target (about a 50% jump from current levels). Hat tip to Street Insider for the following analyst comment.
===> Click Here For Your FREE Cree Analysis
“With shares trading at approximately 21x our CY2011E EPS of $2.60, excluding $9.10 in current cash per share, we believe CREE is undervalued. We … Read the rest
PowerSecure (POWR) Unveils New LED Product For Utility Market
PowerSecure just announced that it is releasing a new product: an LED light for the utility market. Made to light up streets and sidewalks, the light boasts the following benefits: 2/3 less energy consumption, 5 times longer life (which reduces maintenance costs), and improved quality of light with minimal light pollution.
The company has already received its first order for the product from a large electric cooperative. The cooperative has ordered 200 of the lights… Read the rest
Nexxus Lighting (NEXS) LED Biz Growing, But Misses Estimates, Shares Plunge
Nexxus Lighting (NEXS) is an LED play to watch, but today it’s getting pummeled after missing Wall St estimates. The estimates called for a loss .10/share, but the company reported an adjusted loss of .12/share (still much better than the .21/share loss they reported last year). They were a bit shy on the revenue side as well posting $3.16 million vs the estimate of $3.25 million. It seems to be a bit of an … Read the rest
Orion Energy (OESX) Swings To Profit, But Misses Street & Guides Lower
Orion Energy Systems (OESX) swung to a quarterly profit vs the .05/share loss they reported in the year ago quarter, but missed the Street estimates on both EPS and revenues. They reported a non GAAP EPS of .01, missing by a penny on revenues of $18.88 which was shy of estimates by about $1.5 million.
===> Click Here For Your FREE Orion Energy Systems Analysis
The guidance isn’t impressive either. The company expects EPS for … Read the rest
Energy Focus (EFOI) Beats, Surging AH
Energy Focus (EFOI) reported after the bell today and posted a narrower loss of .17/share (3 cents better than expectations). Revenues surged over the year ago quarter to $8.5 million but $5.3 million of that was due to their acquisition of Stones River Companies, so take out the SRC results and you really have a company that really isn’t making any progress.
===> Click Here For Your FREE Energy Focus Analysis
The SRC acquisition … Read the rest
More Analyst Ratings: SOLR, CREE, JASO
Ardour Capital upgraded GT Solar (SOLR) from Hold to Buy and increased price target from $6 to $7.20. Shares are up nearly 5% today, but holding below what is now resistance of the 200 day moving average. Get a FREE SOLR Trend Analysis
Sidoti upgraded Cree Inc (CREE) from Neutral to Buy and has a $90 price target. Shares are up 8% and pushing back above support at the 50 day moving average and possibly … Read the rest