Rubicon Tech (RBCN) reported strong results after the bell today, beating analyst estimates and swinging back to a quarterly profit for the first time in more than a year. The company reported an EPS of .07/share (.03 better than estimates) on revenues of $11.5 million (800K better than estimates). That’s a big improvement over the year ago EPS loss of .19/share and a big jump in revenues over the year ago quarter when the company … Read the rest
Tag Archives: LED Lighting
Citigroup Removes Veeco Instruments (VECO) From Top Picks List, But Maintains Buy
As I mentioned last night, Veeco (VECO) reported earnings about inline, but their guidance was extraordinary and it led to a decent gap up open in the stock this morning, despite being way overextended. However, it’s giving it all back due to overall market weakness, profit taking and news that Citigroup has removed the stock from its Top Pick Live list. However, Citi still maintains its Buy rating. Hat tip to Street Insider for … Read the rest
Veeco Instruments (VECO) Reports About Inline, But Shares Surge On Guidance
The LED revolution is treating Veeco Instruments (VECO) kindly as well.. almost as kindly as Cree Inc (CREE). The stock is up nearly 20 fold in just the past year and it’s up another 5% in after hours trading after posting earnings that were ahead of analyst estimates by a penny, while revenues were slightly below estimates. The company reported an EPS of .49/share which is a whopping 323% increase over the year ago quarter. … Read the rest
Canaccord Adams Presents Its Best Green Stocks Ideas For Earth Day (NLC, RBCN, NCS)
Canaccord Adams provides a few of its best green stock ideas to celebrate Earth Day. Great investments in companies that are leading the green energy revolution. Hat tip to Street Insider for the Canaccord comments.
Their water scarcity pick is Nalco (NLC) and they maintain their Buy rating. “NLC capitalizes on climate change and water scarcity. We find Nalco fundamentally undervalued given powerful long-term secular global growth drivers including climate change and water scarcity. With … Read the rest
Upgrades For Suntech (STP), JA Solar (JASO), Buy Reiteration On Veeco (VECO)
This morning Think Equity has upgraded JA Solar JA Solar (JASO) from Hold to Buy and upgraded Suntech Power (STP) from Sell to Hold. JASO is moving up 2% in premarket trading while STP is down a bit. Get a free trend analysis for JASO and STP.
On the LED front Merriman Curhan Ford is reiterating its Buy rating on Veeco Instruments and raised the price target range about 30% to $54-66. Says Merriman, … Read the rest
Cree Inc (CREE) Gets Another Upgrade – Morgan Joseph Buy & $100 Price Target
The upgrades just keep coming for Cree Inc (CREE). Morgan Joseph upgraded the company from Neutral to Buy this morning and set a $100 price target. Hat tip to Street Insider for the following analyst comment:
“On Tuesday, after the close of trading, we expect Cree to announce F3Q10 sales and non-GAAP EPS of $220mm and $0.43, respectively, compared to Street expectations of approximately $223mm and $0.44, respectively. We expect LED sales to continue driving … Read the rest
Energy Focus (EFOI) Reports, Sees Upside From Stones River Purchase
Energy Focus (EFOI) reported results after the bell today that were so so, but the guidance may give the stock a boost going forward as its recent acquisition of Stones River Companies begins contributing to the bottom line. The company reported a loss of .17/share on revenues of 3.6 million which is about inline with what they have been reporting for the past few years. This is a company that has never been profitable, but … Read the rest
Cree Inc (CREE) Illuminates Its Color LED’s
===> Click Here For Your FREE Cree Analysis
Cree Inc (CREE) has announced this morning the availability of the new XLamp XP-C color LED’s which are 10 – 50% brighter than its current line of midrange color LED’s. They are designed for .5 – 1 watt operation and compatible with existing optical designs, reducing design costs.
Cree Marketing Director Paul Thieken commented: “Cree continues to expand design options within our industry-leading XLamp XP LED family. … Read the rest
Rubicon (RBCN) Beats Estimates, Guides Above As LED Demand Remains Strong
Rubicon Technology (RBCN) is getting closer to returning to profitability, reporting a loss of .04/share on revenues of $8.5 million, both of which beat analyst estimates of a .05 loss on revenues of $7.3 million. Sequential revenue continues to improve quickly with 49% growth over last quarter. The company expects to return to profitability next quarter with estimates of an EPS of .03 gain on revenues of $10.5 million. Both estimates are above Wall St … Read the rest
LED Plays Cree Inc (CREE) & Aixtron (AIXG) Get Downgrades, Rolling Over
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