According to Notable Calls, UBS is expecting a big order for both Veeco Instruments (VECO) and Aixtron (AIXG) from Chinese LED manufacturer Elec-Tech based on discussions with industry contacts. It looks like from the post that the orders would be placed this quarter, but not ship and be recognized as revenue until sometime next year. Still just a rumor at this point, but great news if true. UBS reiterates its Buy rating on both … Read the rest
Tag Archives: veeco instruments
Taiwan LED Manufacturer Chooses Veeco Instruments (VECO) Technology
Arima Optoelectronics, an LED manufacturer in Taiwan, purchased several Metal Organic Chemical Vapor Deposition (MOCVD) Systems last quarter according to a press release this morning. The two companies have worked together in the past and this expands their relationship. No word on the financials of this deal.
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Marco Kuo, President of Arima Optoelectronics, said, “We have selected Veeco’s MOCVD systems because of our experience with their … Read the rest
Piper Jaffray On LED Lighting Stocks: CREE, RBCN, VECO
Piper Jaffray was out with some rating changes/coverage of LED lighting stocks after the bell today. Hat tip to Street Insider for the following analyst comments….
Initiated Cree Inc (CREE) at Overweight with $88 price target. They believe Cree is the leading LED play and that the recent pull back offers an attractive entry point. To that I say it’s up 20% in two weeks.. would have been an attractive entry point at the beginning … Read the rest
Citigroup Removes Veeco Instruments (VECO) From Top Picks List, But Maintains Buy
As I mentioned last night, Veeco (VECO) reported earnings about inline, but their guidance was extraordinary and it led to a decent gap up open in the stock this morning, despite being way overextended. However, it’s giving it all back due to overall market weakness, profit taking and news that Citigroup has removed the stock from its Top Pick Live list. However, Citi still maintains its Buy rating. Hat tip to Street Insider for … Read the rest
Veeco Instruments (VECO) Reports About Inline, But Shares Surge On Guidance
The LED revolution is treating Veeco Instruments (VECO) kindly as well.. almost as kindly as Cree Inc (CREE). The stock is up nearly 20 fold in just the past year and it’s up another 5% in after hours trading after posting earnings that were ahead of analyst estimates by a penny, while revenues were slightly below estimates. The company reported an EPS of .49/share which is a whopping 323% increase over the year ago quarter. … Read the rest
LED’s Illuminate The iPad; CREE, VECO
This LED post is brought to you by Brendan Coffey of Cabot and republished with permission. Cabot Green Investor released their Top 10 Green Stocks Under $10 For 2010 recently and it comes with my highest recommendation. It’s just $25 and you can get it here. Forward me your receipt and I’ll have something extra for you too 🙂
While I find Apple’s sales pitch–“A magical and revolutionary product at an unbelievable price”–over the … Read the rest
Upgrades For Suntech (STP), JA Solar (JASO), Buy Reiteration On Veeco (VECO)
This morning Think Equity has upgraded JA Solar JA Solar (JASO) from Hold to Buy and upgraded Suntech Power (STP) from Sell to Hold. JASO is moving up 2% in premarket trading while STP is down a bit. Get a free trend analysis for JASO and STP.
On the LED front Merriman Curhan Ford is reiterating its Buy rating on Veeco Instruments and raised the price target range about 30% to $54-66. Says Merriman, … Read the rest