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