==> Click Here For Your FREE Daily CREE Analysis
Rubicon Technology (RBCN) has opened its first manufacturing facility outside of the US. The manufacturer of sapphire substrates for the LED industry has opened a facility in Malaysia to better cater to the Asian LED and consumer electronics market. Research firm iSuppli believes the global LED market will double in the next three years driven by increased LED adoption in the general lighting market. Much of the LED growth up to this point has been … Read the rest
Philips Lumileds, the LED division of Royal Philips (PHG) has announced it’s the first company to mass produce the larger 150mm wafers used for LEDs. The larger wafers allow for 4x the number of LEDs as the old 3 inch wafers and is a key advancement to accelerating the production of LEDs for the lighting revolution. The increased output and greater efficiency will help drive down costs, acceleration adoption.
General Electric (GE) will announce the launch of its 40W LED bulb for the household in about a month and now comes news that the company has developed a prototype 100W LED bulb that uses jet engine technology for noise and heat reduction. The 1500 lumen bulb is half the weight and size of the 600 lumen bulb that’s on the market today and was co-developed with the University of Maryland using a 2 year … Read the rest
LSI Industries (LYTS) is what I’d call an off the radar LED lighting play in the same group as an Orion Energy (OESX) and Nexxus Lighting (NEXS). These are the LED plays that don’t have the big profits and are on the cusp of growth. After reporting earnings results this morning, you could argue that LYTS is emerging as a new leader in the LED space. Actually, the growth really began last quarter when the … Read the rest
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) 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
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
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.
===> Click Here For Your FREE Daily Energy Focus Technical Analysis
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
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