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
Just a couple days ago Raser Technologies (RZ) announced they had secured 37K acres in Oregon for geothermal plants and the stock shot up on the news with volume. After a pull back yesterday, the stock may run up into its conference presentations over the next two weeks.
Here is the schedule:
— Southwest Securities Investor Conference on February 12 at the Hotel Crescent Court, Dallas. This conference is scheduling one-on-one meetings, and those interested … Read the rest