Seeking Alpha

Lighting manufacturer Cree (CREE +7.2%) says it has halved the cost of its LED streetlights and...

Lighting manufacturer Cree (CREE +7.2%) says it has halved the cost of its LED streetlights and hopes the new lower prices will sway local governments to adopt the new technology. Cree's new outdoor streetlight will sell for under $200 when bought in volume, comparable in cost to traditional lighting using high-pressure sodium vacuum technology.
From other sites
Comments (3)
  • Lakeaffect
    , contributor
    Comments (1202) | Send Message
     
    Should be easy enough for them, just go have Congress outlaw the sodium vapor lights, just like they did with the 100 w incandescant. Then it's easy sailing for Cree.
    10 Apr 2012, 11:01 AM Reply Like
  • Chris Lau
    , contributor
    Comments (2649) | Send Message
     
    Didn't the US government reverse its call banning incandescents? Ruud lighting acquisition will still take a while to help grow revenue for (CREE)
    10 Apr 2012, 12:12 PM Reply Like
  • Cwaggy1
    , contributor
    Comments (17) | Send Message
     
    100W lamps are still available. Go online.

     

    Meanwhile, CREE's innovation and cost reduction will rival CFL lighting when life-cycle costed against replacements of HPS lamps.
    11 Apr 2012, 04:23 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs