I’ve been fairly vocal about the bottoming out of solar stocks.. not as much for the LED sector. I think it’s getting close to confirming a bottom. The technical action in SemiLEDS (LEDS), a China LED play, has improved significantly in recent months following the news that China is banning incandescent bulbs.
However, this is a company that continues to remain in the red and that didn’t change with yesterday’s earnings report in which … Read the rest
It’s sure been a rough few months for SemiLEDs (LEDS). The stock was crushed in January when the company reported earnings and weak guidance. The stock is down another 17% in early trading this morning after the results were even weaker than expected. In January the company said it expected to post a non GAAP profit of .06 – .09/share on revenues between $10.5 – $12.5 million for the quarter, but instead posted a .03/share … Read the rest
SemiLEDs Corporation (LEDS) which is currently the top China LED play trading on a US exchange is getting hit hard today after reporting earnings. While the company reported big quarterly growth once again, guidance isn’t nearly as impressive and traders are heading for the exits.
The company reported an EPS of .14/share on revenues of $13 million which is a big jump over the year ago quarter of just .01/share on revenues of $6.7 … Read the rest
Cree Inc just announced that it has signed an LED patent cross-license agreement with Koninklijke Philips Electronics NV.
The agreement is worldwide and covers a range of LED technologies including blue LED chip technology, white LEDs and phosphors. It also covers associated technologies such as control systems, LED luminaires and lamps, and LED backlighting for LCD screens.
In a press release, Chuck Swoboda, Cree chairman and CEO, commented on the agreement:
“This agreement demonstrates … Read the rest
GE Lighting just announced that it has signed an licensing agreement with Rambus Inc. to use Rambus’ LED product designs and manufacturing knowledge to develop a flat-panel LED lighting system that can be used in architectural and commercial lighting.
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In a press release, Michael B. Petras, Jr., president and CEO of GE Lighting, commented on the news:
“One … Read the rest
PowerSecure just announced that it has acquired a majority interest in Innovative Electronic Solutions Lighting, LLC as part of an effort to further the growth of its EfficientLights LED lighting business. The acquisition will allow Powersecure to develop new products more effectively and get them out on the market faster.
To complete the acquisition, PowerSecure paid $4.4 million in cash for a 2/3 controlling interest in IES. The remaining 1/3 of shares are owned by … Read the rest
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Cree just announced that their high brightness LEDs are being used in the American Airlines Center’s high definition video screens. The screens, which are made by Lighthouse Technology, are used to deliver images (like instant replays and scores) at sporting events, concerts and other entertainment events held at the center.
In a press release, Paul Thieken, Cree director of marketing, LED components, commented on the news:
“Cree’s … Read the rest
Cree just announced a new distribution agreement with Arrow Electronics. Under the agreement, Arrow will distribute Cree’s SiC Junction Barrier Schottky (JBS) products, including the 600-V Schottky diodes and the 1200-V Schottky diode line.
In a press release, Bob Pollock, Cree’s senior VP of sales, commented on the news:
“Together, Cree and Arrow intend to accelerate the adoption of silicon carbide power semiconductors to create more efficient switching power supplies , alternative energy converters … Read the rest
Cree just announced that they have been awarded $39 million in tax credits as part of the Recovery Act Advanced Energy Manufacturing program. The tax credits will allow Cree to expand their business and hire more employees. Cree applied for the tax credits in October 2009.
In a press release, Michelle Murray, a spokesperson for the company, commented on the credits:
“This investment is part of Cree’s already-announced capital plans, and includes additional investments … Read the rest
Cree just announced that its LED fixtures have been chosen to illuminate the National Air and Space Museum’s new “Moving Beyond Earth” exhibit. The museum selected Cree’s LR24 recessed LEDs for the exhibit, which contains exhibits on human spaceflight and space shuttles. Cree’s LEDs will replace high intensity discharge work lights.
In a press release, Gary Trott, Cree VP of market development, commented on the news:
“The Air and Space Museum installation shows the … Read the rest