Cree Inc.: A Solar Play?

For investors excited about Cree's (CREE) Light-Emitting Diode [LED] business, here's one more piece of good news: The EE Times Reports that the Fraunhofer Institute for Solar Energy Systems (Freiburg, Germany) claims it has achieved a record efficiency for its inverter designed for PV generators, using Cree's SiC transistors.

I've previously noted that inverters are a good way to participate in the Solar and Wind power markets without needing to invest in the high priced (or foreign) companies which dominate those markets, and even without this news, Cree is a longtime favorite of ours. The stock shot up on the news Wednesday, but that's no reason not to get your feet wet with cash-covered puts.

DISCLOSURE: Tom Konrad and/or his clients have long positions in CREE.

Comments

[Gramps]

I own a hydroponics lighting system which incorporates Cree XLamp high power light emitting diodes (LEDs). Believe me when I say this company is on the leading edge, and I can clearly see a future where affordable LED lights are made available to the average consumer.