Energy Focus (EFOI) just announced a few minutes ago that it has received $410K in funding from the Department of Defense for the advancement of LED applications.
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Roger Buelow, Energy Focus CTO, commented, “We’re especially excited about this additional funding since the work on all three projects directly contributes to the development of our LED Intellitube technology. The result will be products that can … Read the rest
A few analyst rating changes to tell you about today.
Bank of America (BAC) is maintaining its Buy rating on Cree Inc (CREE) and increased 2012 EPS estimates to $3.21 per share. Shares of CREE are holding the flat line today despite a healthy down day in the overall market.
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Morgan Joseph began coverage of Andersons (ANDE) with a Buy rating and $48 price target. … Read the rest
Cree Inc (CREE) announced a big breakthrough this morning in the development of silicon carbide technology which is used in the production of a broad range of products including LEDs. They have demonstrated the use of 150mm diameter substrates enabling further cost reduction and greater throughput over the standard 100mm size.
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“Cree’s achievement of 150-mm SiC substrates further demonstrates Cree’s leadership in SiC materials technology,” said … Read the rest
It was a good day for Veeco Instruments (VECO) despite the fact the stock finished down a bit. In the morning, Citi maintained its Buy rating and $52 price target. Hat tip to Street Insider for the analyst comment:
“Consistent with our prior commentary that the low $30’s is a key trigger point for this stock, we are increasing F2011 EPS from $4.66 to $4.85 and adding the stock to Top Picks Live, Citi’s list … Read the rest
I’m pleased to announce that Green Stocks Central now provides an LED lighting stocks tracking page complete with industry news, latest posts, twitter chatter, discussion and the stocks tracker. I still have a little work to do on it, but most of the info is in place and you now have a page to keep up with the latest in LED stocks. Enjoy!… Read the rest
Energy Focus announced this morning that Stones River Companies, LLC, its lighting retrofit division, has snagged $2.8 million in new lighting energy services contracts. The 7 new contracts announced today include upgrading the lighting at multiple locations of a major healthcare system, upgrading lighting in three elementary school districts and upgrading the lighting at four fortune 500 industrial facilities.
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In a press release, Rob Wilson, … Read the rest
Veeco Instruments just announced that it will be selling its metrology business, Veeco Metrology, to Bruker Corporation in order to focus on building its LED, solar and data storage businesses.
In a John R. Peeler, Veeco’s Chief Executive Officer, explained the rationale for selling Veeco Metrology:
“We believe the sale of Metrology will allow us to accelerate our progress developing new products, gaining share, and aligning with key customers in markets with large growth opportunities, … Read the rest
Nexxus Lighting (NEXS) posted mixed earnings results this morning, missing on EPS but beating on the revenue side. The company posted an EPS loss of .12 vs the analyst estimate of a .10/share loss. Revenues came in higher than the analyst estimate of $3.15 million at $3.75 million. On the bright side, the EPS loss was considerably narrower than the year ago loss of .22 and revenues increased 43%. Sales of the Array line of … Read the rest
China Intelligent Lighting and Electronics (CIL) is reporting mixed Q2 results this morning, missing on the EPS side posting .18 vs the estimate of .20. They beat on revenues posting $18.5 million vs the analyst estimate of $17.5 million. It should be noted that these are the numbers of the lone analyst covering this company. Sequentially and in comparison to the year ago quarter, those numbers do represent decent growth. Quarter over quarter, it represents … Read the rest
On July 19th, I passed along the post at Notable Calls saying that UBS was expecting a big LED order for both Veeco Instruments (VECO) and Aixtron (AIXG) from Elec-Tech. This morning, Veeco is confirming a large order from Elec-Tech for 130 of its TurboDisc K465i Metal Organic Chemical Vapor Deposition, or MOCVD, systems as their “tool of choice” for two new LED factories in Wuhu and Yangzhou, China. I’m not sure whether this mean … Read the rest