Shares of LED stocks are under pressure this morning after Needham downgraded both Veeco Instruments (VECO) and Rubicon Technology (RBCN) due to slowing demand and over capacity. That’s essentially the same analysis analysts have made for solar stocks which have mirrored the performance of LED stocks. It should be noted that both green sectors are emerging from the dead and are greatly improved technically. I mentioned solar stocks bottomed out a few weeks ago and … Read the rest
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LED Stocks Surging (CREE, AIXG, VECO)– China Will Begin Banning Incandescent Bulbs
This is a potential game changer for LED stocks and could also very well mark the bottom in these beaten down green energy stocks. This morning China announced it will begin banning the use of incandescent bulbs beginning in less than a year. They will begin banning imports of 100w bulbs Oct 1, 2012, imports of 60w bulbs Oct 1, 2014 and implement a full ban on all incandescent bulbs by Oct 1st 2016 (although … Read the rest