Yesterday, Deutsche Bank posted some positive comments on the China solar stocks, upgrading Suntech (STP) to Buy and reiterating buys on TSL, SOL and YGE. This morning they are weighing in on two of the big US solar plays MEMC Electronic Materials (WFR) and Sunpower (SPWRA) and aren’t as bullish. They have slashed the price target on WFR from $18 to $15 and the price target on SPWRA from $25 to $17 due to … Read the rest
Category Archives: LED Lighting
Cree Inc (CREE) Beats On EPS, But Light On Revs & Guidance; Shares Down 10%
Cree Inc (CREE) reported another quarter of strong growth, but it wasn’t enough to appease traders who are still looking for perfect quarters from this LED high flyer. The company wasn’t able to achieve perfection this time around, reporting mixed results. They reported a non GAAP EPS of .60/share which beat analyst estimates of .58/share but revenues came in a bit shy of the analyst expectations at $268 million (vs the estimate of $277 million). … Read the rest
Nexxus Lighting (NEXS) Breaking Out On ENERGY STAR Label For Its LED Light Bulb
Nexxus Lighting (NEXS) is surging 20% this morning with heavy volume on news that company has received the Energy Star label for its R30 LED light bulb. The Array R30 is the first LED reflector lamp replacement that’s qualified for the label. The company has submitted additional bulbs to Energy Star for approval.
Technically, today’s move is an important one for NEXS with the stock breaking out of a more than two month consolidation … Read the rest
General Electric (GE) Sees Huge LED Demand
Yesterday, LED stocks such as Cree Inc (CREE), Aixtron (AIXG) and Veeco Instruments (VECO) got a boost when the head of GE’s lighting unit Michael Petras said in a Bloomberg article that he anticipates LED lighting could account for as much as 75% of their sales in the unit within the next 10 years (compared with just 10% now).
Demand for LED will began to surge very soon due to the phasing out of the … Read the rest
Rubicon Technology (RBCN) Plummets Again, This Time On Sterne Agee Sell Rating
It’s been a mighty rough go for Rubicon Technology (RBCN) shareholders in recent months. Since I posted about the CEO and CFO liquidating their entire positions in the company on June 23rd, the stock is down about 50%. Selling near the top saved the CEO nearly $2.5 million. You have to wonder now when they plan to buy back the stock. If their market timing prowess at the top is any indication, it may be … Read the rest
Ratings Roundup: OESX, POWR, STRI, ITRI
Merriman Capital initiated coverage on both Orion Energy (OESX) and Powersecure (POWR) with Buy ratings. OESX which is an efficient lighting/LED play has had a huge run off the bottom in recent weeks, but a bit overdone in the short term. It’s an LED play to keep on the radar.
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STR Holdings (STRI) was initiated with a Buy and $33 price target at Craig … Read the rest
Cree Inc (CREE) Announces New Production Facility For Next Gen LEDs
Cree Inc (CREE) has announced plans for a new production lines that will produce 150mm LED wafers that are more than double the size of current ones helping to make LED lighting more cost-effective. The new lines will be installed over the next few quarters and start producing by next summer.
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"150mm LED wafers are an important step in enabling the next phase of LED … Read the rest
China Govt Concerned About LED Investments Burning Out
The Chinese government has created an environment for big growth in LED manufacturing, but according to officials from MIT they are now concerned that aggressive investment could overheat the industry. Much of the profit in the LED industry is in the chip production, but China’s focus has been primarily on the packaging side which is far less profitable. The government has been supportive in helping to expand the LED chip manufacturing business by offering subsidies … Read the rest
LED Stocks Pressured On Avian Downgrade – VECO, AIXG, CREE
According to Barrons, the top tier LED stocks which include Cree Inc (CREE), Veeco Instruments (VECO) and Aixtron (AIXG) are getting hit today after a downgrade this morning from Avian Securities. The firm downgraded both AIXG and VECO to Neutral from Positive citing higher inventories, weaker consumer spending in China and utilization cuts at LCD makers. These stocks are down from 6 – 9% today, VECO getting hit the hardest. For those looking to … Read the rest
Kaufman Initiates Coverage Of LED Space (CREE, VECO, AIXG)
Kaufman Bros. has initiated overage of the big 3 LED stocks this morning according to Barrons.
Cree Inc (CREE) was initiated at Hold with a $58 price target. They see CREE as the leader and one that deserves a premium valuation, but the stock is a bit overdone to the upside. CREE is trading up about 1%, but remains relatively weak technically and looks like it wants to test the $50 level at some … Read the rest