Tag Archives: rubicon technology

LED Stocks Hit On Needham Downgrade Of Veeco Instruments (VECO) & Rubicon Technology (RBCN), But Sector Shows Signs Of Bottom

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

Rubicon (RBCN) Beats, Guides Above Estimates, Shares Soar

Rubicon (RBCN) reported huge quarter over quarter growth after the bell tonight, smashing estimates in the process.  Obviously traders love the report, sending shares up 20% in after hours trading.  The EPS number came in at .64/share on revenues of $29.5 million which compares with the analyst estimate of just .50/share on revenues of $26.8 million.  The company attributed strong results to two new manufacturing facilities, increased pricing and strong demand in the LED market.… Read the rest

Rubicon Technology (RBCN) Opens Sapphire Wafer Production For LEDs In Malaysia

Rubicon Technology (RBCN) has opened its first manufacturing facility outside of the US.  The manufacturer of sapphire substrates for the LED industry has opened a facility in Malaysia to better cater to the Asian LED and consumer electronics market.  Research firm iSuppli believes the global LED market will double in the next three years driven by increased LED adoption in the general lighting market.  Much of the LED growth up to this point has been … Read the rest

Rubicon Technology (RBCN) Plummets Again, This Time On Sterne Agee Sell Rating

It’s been a mighty rough go for Rubicon Technology (RBCN) shareholders in recent months.  Since I posted about the CEO and CFO liquidating their entire positions in the company on June 23rd, the stock is down about 50%.  Selling near the top saved the CEO nearly $2.5 million.  You have to wonder now when they plan to buy back the stock.  If their market timing prowess at the top is any indication, it may be … Read the rest

Today’s Analyst Ratings Roundup: Upgrades Of SPWRA, ERII, RBCN, ITRI, BWA

Auriga has reversed its call after last week’s selling, upgrading SunPower (SPWRA) from Sell to Hold.  “Shares of SPWRA are now trading below our price target of $15 and are essentially 1.0x book value of $14.26.”  The firm expects the company’s presentation following its earnings report tomorrow to be optimistically bullish.  While demand for solar continues to improve, the still believe that margins will erode due to increasing competition and maintain the $15 price target.  … Read the rest

Today’s Analyst Roundup: WFR, FSYS, ORA, ERII, JASO, TSL, ABB, ELON, RBCN

Another wild day and I’m busy watching the market and getting behind on green stocks updates!  Lots of analyst rating changes today..

Wunderlich Securities upgraded MEMC Electronic Materials (WFR) from Hold to Buy.  Shares of WFR of doing a decent job of holding all time lows despite being hammered after earnings and during yesterday’s market crash.  Get a Free WFR trend analysis here.


Craig-Hallum downgrades Fuel Systems Solutions (FSYS) Buy to Accumulate and slashed … Read the rest

Friday’s Analyst Roundup: AIXG, RBCN, ENOC, BWA, MXWL

It’s always a real challenge to keep up during earnings season and I burned out a bit by Friday.  I’ve got a bit of catching up to do today and I start with Friday’s analyst alerts.  Hat tip to Street Insider for the analyst comments.

A couple calls on Rubicon Technology (RBCN), the emerging LED play, following its earnings report last week…

Canaccord Adams reiterated a Buy and raised the price target from $30 … Read the rest

Rubicon Technology (RBCN) Beats, Swings To Profit, Expects Record Rev Next Quarter

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

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

Rubicon (RBCN) – Trading Lower After Poor Earnings Results

Rubicon Technology (RBCN), which makes components for LED lighting is off about 4% in after hours trading after missing analyst estimates with a wider loss than expected last quarter.  The company reported a loss of .09/share vs estimates of .06/share.  Revenues came in at 4 million vs the expectation of 4.82 million.  After growing rapidly over the past few years and producing its first profitable year last year, this is a company going backwards in … Read the rest