At a recent rally in New Hampshire, Barack Obama specifically mentioned LED lighting and described a company that could help to slash the cost of LED lighting. I did a little research and discovered the company he was referring to is privately held Arc Energy LLC of Nashua, NH. Its founder, Kedar Gupta is no stranger to cleantech success, having founded GT Solar (SOLR) with just $1000 and cashing out a few years ago.
Here’s … Read the rest
I wasn’t able to track all the latest and greatest in the world of green stocks yesterday, so getting this out a bit late. PowerSecure (POWR) surged nearly 10% yesterday with heavy volume off its 200 day moving average after issuing a press release stating the company is off to a rip roaring start here in 2010. They announced a total of $35 million in new business landed in late December, early Jan for smart … Read the rest
Energy Focus (EFOI) has received 3 grants totaling $1.6 million this morning for its LED lighting solutions. The R&D team won two Phase 2 Small Biz Innovation Research awards from the Defense Research Projects Agency and one Phase 1 Small Biz Technology Transfer grant from NASA
EFOI CTO Roger Buelow provided more details on the awards saying, “We’re excited about the two additional awards from DARPA continuing our longstanding relationship. The STTR award is … Read the rest
Another very impressive quarter for Cree Inc (CREE) and traders are responding after hours by sending the stock up nearly 10% back to the big resistance area around 60. It will be interesting to see if it can take out that level and find a new level of support. I’m skeptical and if I were holding this stock into earnings, I’d be taking some profits off the table into the gap up tomorrow.
The company … Read the rest
Cree Inc (CREE) is holding up quite well despite a downgrade this morning from Morgan Joseph. The stock has been on a torrid run this year, so it’s not unusual for a few valuation downgrades to be issued. The firm downgraded CREE from Buy to Hold but raised estimates for this year and next. Hat tip to Street Insider for the following analyst comments.
“On Tuesday after the close of trading, we expect Cree to … Read the rest
This post is brought to you by Michael Cintolo of Cabot Green Investor and republished with permission. Cabot Green Investor is one of the top green stock publications available.
:::::::::::::::::
Today’s investment idea is all about lighting. No, it’s not those curly compact fluorescents that are filled with MERCURY and require you to evacuate the room if you break one. The main reason we’ve got those today is that the energy savings sounded … Read the rest
Cree just announced that they have signed an agreement with LED do Brasil Comercio de Produtos Eletronicos Ltda to help promote Cree’s LED products in Brazil, which is the 10th largest consumer of energy in the world.
In a press release, Vince Feorenzo, Cree sales director, explained more about the agreement:
“Led do Brasil will represent our LED components, from high-brightness to lighting-class XLamp® LEDs. We look forward to spreading the LED lighting revolution … Read the rest
Rubicon Technology (RBCN) reported results this morning that weren’t all that impressive. With Cree Inc (CREE) continuing to do extremely well in the LED space, I expected a bit better results. The company reported a loss of .10/share which matched analyst estimates on revenues of $5.7 million which was a bit above what Wall St expected. The CEO commented on the strength in the LED market , but it doesn’t appear they’re capitalizing just yet.… Read the rest
Cree Inc (CREE) reported another strong quarter and is up in after hours trading as they continue to emerge as the top play in the LED lighting space. The company reported an EPS of .30/share which beat estimates by .08/share and represents a doubling of the year ago EPS number. Revenues also came in strong at $169 million and represents a 20% increase over the year ago quarter. The company sees next quarter EPS about … Read the rest
Cree is expanding their LED manufacturing capacity in North Carolina. This year, they will add an additional 275 jobs at their Durham, North Carolina facility. They have also begun manufacturing LEDs at the Flextronics facility in Mecklenburg County, N.C.
In a press release, Cree CEO Chuck Swoboda commented on the expansion:
“We are seeing tremendous growth for LED lighting. Energy-efficient lighting has its roots right here in North Carolina, and Cree is proud to be … Read the rest