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
Tag Archives: LED Lighting
Cree Inc (CREE) Reports Strong Quarter, Mixed Guidance, Shares Down 10%
Cree, Inc. (CREE) reported results after the bell today that were a touch better than analyst estimates. The EPS came in at .55 vs the analyst estimate of .51 on revenues of $265 million vs the analyst estimate of $264 million. While those are record numbers and represent growth both sequentially and quarter over quarter, traders always want to what guidance will be especially when a stock is run so far so fast. I’ve said … Read the rest
GT Solar (SOLR) Adds LED Manufacturing With Purchase Of Crystal Systems
GT Solar (SOLR) has made a very interesting move this morning. The company is diversifying its manufacturing operations and adding LED manufacturing to its solar ingot manufacturing business. Smart move. They purchased privately held Crystal Systems of Salem, MA which manufacturers large area sapphire substrates used in LED lighting, defense, medical and aerospace industries.
====> Click Here For Your FREE GT Solar Technical Analysis
GT Solar is paying $24 million in cash, 5.4 million shares … Read the rest
Veeco Instruments (VECO) Ships LED Manufacturing Systems To Invenlux
Veeco Instruments (VECO) has shipped several TurboDisc MOCVD systems to US based LED manufacturer Invenlux in order to ramp capacity at their China LED factory in Haiyan City. No word on the financials of the deal.
====> Click Here For Your FREE Veeco Instruments Technical Analysis
“Invenlux has a history of producing reliable and efficient blue and green LEDs for LCD backlighting, traffic lights, full color displays, and general illumination,” commented Chris Yan, Ph.D., Chief … Read the rest
Florida Performing Arts Center Uses Nexxus Lighting (NEXS) Array LED Lamps
The Broward Center for the Performing Arts in Ft Lauderdale, FL has replaced all incandescent lighting with more energy efficient LED lighting using Nexxus Lighting Array LED lamps according to a press release today. Array LED lamps are fully dimmable on most incandescent dimmer switches and provide up to 80% energy savings.
====> Click Here For Your FREE Nexxus Lighting Technical Analysis
“We’ve swapped incandescent bulbs for Array LED lamps in locations throughout our facility … Read the rest
Applied Materials (AMAT) Exiting Thin Film Solar Biz To Focus On Silcon Solar, LED Lighting
Applied Materials (AMAT) is making a significant shift in its green energy strategy, abandoning its thin film solar business and focusing more on traditional solar technologies as well as LED. The thin film solar business has never really gotten off the ground as evidenced by the languishing stock price of Energy Conversion Devices (ENER). I don’t think it’s time to call the technology dead in the water, but when a company like Applied Materials decides … Read the rest
Taiwan LED Manufacturer Chooses Veeco Instruments (VECO) Technology
Arima Optoelectronics, an LED manufacturer in Taiwan, purchased several Metal Organic Chemical Vapor Deposition (MOCVD) Systems last quarter according to a press release this morning. The two companies have worked together in the past and this expands their relationship. No word on the financials of this deal.
===> Click Here For A Veeco Instruments Analysis
Marco Kuo, President of Arima Optoelectronics, said, “We have selected Veeco’s MOCVD systems because of our experience with their … Read the rest
Rubicon Technology (RBCN) Insider Selling: CEO, CFO Liquidate Entire Position
Just days ago Rubicon Technology (RBCN) closed on a public offering of more than 3 million shares, raising around $62 million. In that offering, 834,000 shares were sold to the public by “selling stockholders” as indicated in the press release. We know now that those selling stockholders include the CEO and CFO according to InsiderCow.com, both of which liquidated their entire position. CEO Raja Parvez sold all 200,000 shares for a cool $5.68 million … Read the rest
CBS News Changing Shape Of Light Video (LED, OLED Lighting): Cree Inc (CREE), Universal Display (PANL) Highlighted
CBS News did a story tonight on the led lighting revolution as the incandescent bulb nears extinction. Here are some facts presented in the story..
– Americans consume double the amount of electricity than someone in Great Britain and nearly 6x than someone in China
– We’re increasing our energy use by 30% per year (this number seems hard to believe!)
– 22% of our electricity use comes from lighting
– 95% of the … Read the rest
Morgan Joseph Reiterated Buy On Cree Inc (CREE), $100 Price Target
This morning Morgan Joseph reiterated its Buy rating again on Cree Inc (CREE) just as they did in April and maintains its $100 price target (about a 50% jump from current levels). Hat tip to Street Insider for the following analyst comment.
===> Click Here For Your FREE Cree Analysis
“With shares trading at approximately 21x our CY2011E EPS of $2.60, excluding $9.10 in current cash per share, we believe CREE is undervalued. We … Read the rest