(Via Digitimes) Aixtron (AIXG) is surging with heavy volume this morning on indications that the company has received a large order for 400-500 MOCVD machines used for LED production. The likely customer is GCL Group which was rumored to be bidding on a large order about a week ago.
Shares of AIXG are surging again following a mini correction over the past couple weeks. The stock surged off support of the 50 day … Read the rest
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
According to Street Insider, Aixtron AG (AIXG) has announced a substantial multiple order for additional MOCVD tools from Yangzhou Longyao, a LED manufacturing company in Yangzhou, China which is a subsidiary of Rainbow Optoelectronics Material Shanghai Co. Ltd., China, a long time customer of AIXTRON MOCVD equipment. Details are vague and no word on the financials of the deal.
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Dr. Alan Li, General Manager of … Read the rest
According to Notable Calls, UBS is expecting a big order for both Veeco Instruments (VECO) and Aixtron (AIXG) from Chinese LED manufacturer Elec-Tech based on discussions with industry contacts. It looks like from the post that the orders would be placed this quarter, but not ship and be recognized as revenue until sometime next year. Still just a rumor at this point, but great news if true. UBS reiterates its Buy rating on both … Read the rest
It’s always a real challenge to keep up during earnings season and I burned out a bit by Friday. I’ve got a bit of catching up to do today and I start with Friday’s analyst alerts. Hat tip to Street Insider for the analyst comments.
A couple calls on Rubicon Technology (RBCN), the emerging LED play, following its earnings report last week…
Canaccord Adams reiterated a Buy and raised the price target from $30 … Read the rest
Two LED lighting plays that were on fire last year appear to be in the beginning stages of rolling over after torrid runs and downgrades from Merriman Curhan today didn’t help.
Hat tip to Street Insider for the analyst comments which are nearly identical.
CREE was downgraded from Buy to Neutral “We are concerned that extraordinarily strong MOCVD tool bookings from 2H09 to 1H10 could lead to near term over capacity that could in turn … Read the rest