Cree's (CREE +20.2%) big FQ2 beat and strong FQ3 guidance is fueling a rally in LED stocks....

Cree's (CREE +20.2%) big FQ2 beat and strong FQ3 guidance is fueling a rally in LED stocks. SemiLEDs (LEDS +31.7%) is the biggest winner, but Aixtron (AIXG +7.9%), Veeco (VECO +4.6%), and (to a lesser extent) Rubicon (RBCN +1.3%) are also up. Piper has belatedly launched coverage on Cree with an Overweight, and Needham declares the report a validation of the company's vertical integration strategy. Cree noted on its earnings call LED pricing remains tough, but also forecast strong growth for its higher-margin SC3 products.

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  • pafleck
    , contributor
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    Cree is on the right track at the right time. Europe has banned the incandescent bulb, and the USA is on the brink of doing the same. CFLs have a place but the LEDs are the future of lighting especially for commercial use where electricity is a main part of their budget, e.g. cities with night street lighting and tight budgets. Office buildings where not only will LEDs save electricity but since they produce less heat will also save on AC use in high rise offices. Businesses save on utility costs and CREE wins big. Buy more shares. This one is going to the moon.
    23 Jan 2013, 10:48 PM Reply Like
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