Category Archives: LED Lighting

More Analyst Reactions To CREE Quarter: Generally Bullish But Future Margins A Concern

Piper Jaffray is out with a bullish call as well following the CREE earnings report and is maintaining its Overweight rating and raising the price target from $70 to $88.  Hat tip to Street Insider for the following analyst comment:

“LED market remains a compelling growth opportunity. The LED market was roughly $6B in 2008 and we expect it to triple to $18B in 2013 (43% CAGR). Growth rates this high in markets this large … Read the rest

Morgan Joseph Reiterates CREE Buy, $100 Price Target

Morgan Joseph is out reiterating its Buy rating on CREE after last night’s earnings report.  They also maintain the price target of $100. Hat tip to Street Insider for the following analyst comment.

“Given solid execution and the stronger than expected LED business, we are again increasing our CY2010 revenue and non-GAAP EPS estimates to $1.05bn and $2.00, respectively, from $987mm and $1.88. We are also increasing our CY2011 revenue estimate to $1.34bn from $1.31bn, … Read the rest

Cree Inc (CREE) Beats, Posts Big Growth, But Traders Sell The News

Cree Inc (CREE) is selling off in after hours trading more than 5% as traders “sell the news”.  A big quarter was already priced in and traders are taking some profits.  CREE beat both the consensus estimate of .44/share and the whisper number of .46 by posting a non GAAP EPS number of .47/share on revenues of $234 million. These numbers also beat the company’s estimate of  revenues in the $215 โ€“ 225 million range … Read the rest

LED’s Illuminate The iPad; CREE, VECO

This LED post is brought to you by Brendan Coffey of Cabot and republished with permission.  Cabot Green Investor released their Top 10 Green Stocks Under $10 For 2010 recently and it comes with my highest recommendation.  It’s just $25 and you can get it here.  Forward me your receipt and I’ll have something extra for you too ๐Ÿ™‚

led lights While I find Apple’s sales pitch–“A magical and revolutionary product at an unbelievable price”–over the … Read the rest

Upgrades For Suntech (STP), JA Solar (JASO), Buy Reiteration On Veeco (VECO)

This morning Think Equity has upgraded JA Solar JA Solar (JASO) from Hold to Buy and upgraded Suntech Power (STP) from Sell to Hold.  JASO is moving up 2% in premarket trading while STP is down a bit.  Get a free trend analysis for JASO and STP.

On  the LED front Merriman Curhan Ford is reiterating its Buy rating on Veeco Instruments and raised the price target range about 30% to $54-66.   Says Merriman, … Read the rest

Cree Inc (CREE) Gets Another Upgrade – Morgan Joseph Buy & $100 Price Target

The upgrades just keep coming for Cree Inc (CREE).  Morgan Joseph upgraded the company from Neutral to Buy this morning and set a $100 price target.  Hat tip to Street Insider for the following analyst comment:

“On Tuesday, after the close of trading, we expect Cree to announce F3Q10 sales and non-GAAP EPS of $220mm and $0.43, respectively, compared to Street expectations of approximately $223mm and $0.44, respectively. We expect LED sales to continue driving … Read the rest

PowerSecure (POWR) Acquires Majority Interest In Innovative Electronic Solutions Lighting, LLC

PowerSecure just announced that it has acquired a majority interest in Innovative Electronic Solutions Lighting, LLC as part of an effort to further the growth of its EfficientLights LED lighting business. The acquisition will allow Powersecure to develop new products more effectively and get them out on the market faster.

To complete the acquisition, PowerSecure paid $4.4 million in cash for a 2/3 controlling interest in IES. The remaining 1/3 of shares are owned by … Read the rest

Energy Focus (EFOI) Reports, Sees Upside From Stones River Purchase

Energy Focus (EFOI) reported results after the bell today that were so so, but the guidance may give the stock a boost going forward as its recent acquisition of Stones River Companies begins contributing to the bottom line.  The company reported a loss of .17/share on revenues of 3.6 million which is about inline with what they have been reporting for the past few years.  This is a company that has never been profitable, but … Read the rest

China Is Alternative Energy World Leader, Doubled US Investment Last Year

If the Obama administration wants to meet its goal of being the alternative energy world leader, it’s got a lot of catching up to do.  While they focus on a trillion dollar health care sure to put the US credit rating at risk in the coming years, it spends peanuts on the technology needed to fuel our future without the need for massive foreign oil imports. 

Last year, China doubled the investment the US made … Read the rest

American Airlines Center Chooses Cree (CREE) LEDs To Illuminate Video Screens

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Cree just announced that their high brightness LEDs are being used in the American Airlines Center’s high definition video screens. The screens, which are made by Lighthouse Technology, are used to deliver images (like instant replays and scores) at sporting events, concerts and other entertainment events held at the center.

In a press release, Paul Thieken, Cree director of marketing, LED components, commented on the news: 

โ€œCreeโ€™s … Read the rest