Rubicon Technology (RBCN) reported results this morning that weren’t all that impressive. With Cree Inc (CREE) continuing to do extremely well in the LED space, I expected a bit better results. The company reported a loss of .10/share which matched analyst estimates on revenues of $5.7 million which was a bit above what Wall St expected. The CEO commented on the strength in the LED market , but it doesn’t appear they’re capitalizing just yet.… Read the rest
Category Archives: LED Lighting
Cree Inc (CREE) Benefiting From "LED Revolution", Posts Another Strong Quarter
Cree Inc (CREE) reported another strong quarter and is up in after hours trading as they continue to emerge as the top play in the LED lighting space. The company reported an EPS of .30/share which beat estimates by .08/share and represents a doubling of the year ago EPS number. Revenues also came in strong at $169 million and represents a 20% increase over the year ago quarter. The company sees next quarter EPS about … Read the rest
Green Stocks Upgrade/Downgrades Roundup: CREE, SPWRA, YGE, FSLR, STP
There were a few upgrades and downgrades of green stocks today, particularly in the solar space that I wanted to run through tonight.
Macquarie made a few calls in the solar space worth mentioning:
Yingli Green Energy (YGE) was upgraded from Neutral to Outperform. Shares finished up more than 5% and bounced off the 50 day moving average.
Sunpower (SPWRA) was upgraded from Underperform to Neutral. Shares finished up nearly 7% today and are nearing … Read the rest
Cree (CREE) To Expand Manufacturing Capacity in North Carolina
Cree is expanding their LED manufacturing capacity in North Carolina. This year, they will add an additional 275 jobs at their Durham, North Carolina facility. They have also begun manufacturing LEDs at the Flextronics facility in Mecklenburg County, N.C.
In a press release, Cree CEO Chuck Swoboda commented on the expansion:
“We are seeing tremendous growth for LED lighting. Energy-efficient lighting has its roots right here in North Carolina, and Cree is proud to be … Read the rest
Energy Focus, Inc (EFOI) Receives Order From Army And Airforce
Energy Focus, Inc, just announced that it has received an order worth $256,000 from the Army and the Airforce. Energy Focus will provide their LED lightning fixtures to the Minnesota Air National Guard. The company expects to to fulfil the order this month. … Read the rest
Energy Focus, Inc, To Acquire Stones River Companies
Energy Focus, Inc just announced that they have signed a letter of intent to purchase Stones River Companies. The purchase of the Nashville, Tennessee-based company will give them access to the $100 billion market in the public sector for energy-efficient lighting. The deal is expected to be complete within the next 90 days.
In a press release, Joseph Kaveski, Energy Focus’ CEO, explained how the purchase will benefit both companies:
“SRC’s business is based primarily … Read the rest
Profit From The COP15 UN Climate Change Conference
In just a few weeks on December 7th, a secret meeting of world leaders takes place that will undoubtedly go a long way in shaping how we live our lives. .. from the kinds of cars we drive, to how many hours we can run hot water, to how much we pay in electricity bills each month. The COP15 Climate Change conference in Denmark will provide extraordinary profit opportunities in what venture capitalist firm Kleiner … Read the rest
Energy Focus (EFOI) Gets Additional $.5 Million From Navy For LED Lights
Energy Focus, Inc just announced that it has been given a SBIR extension grant by DARPA to develop and produce LED lights for the US Navy. The LEDs will be designed to replace 50 and 110 Watt water tight incandescent fixtures now being used on Navy ships.
In a press release, Roger Buelow, Energy Focus CTO, commented on the grant:
“The SSL lights developed under this grant will save a significant amount of energy … Read the rest
Cree Inc (CREE) Downgraded By Kaufman On Valuation
Kaufman Bros. is downgrading CREE from Buy to Hold based on valuation.
Hat tip to StreetInsider.com for the following analyst comment:
“Given the optimism in the market, we would not be surprised to see Cree shares climb higher, but the stock has reached our target and we would recommend investors remain on the sidelines until the shares present a better buying opportunity. CREE shares are now trading at 4x tangible book and 48x our calendar … Read the rest
Cree Inc (CREE) Beats & Guides Higher, Shares Surge AH
Cree has been on a roll in the past several months with quite a few upgrades, increasing awareness about LED’s and Cree’s leadership role, not to mention the doubling of its stock price. Let the good times roll. The company reported a strong quarter after the bell today and the stock is surging about 7% after hours on the news. They beat the EPS estimate by a penny, posting .18/share in profit which is a … Read the rest