LED stocks outperform as the Energy Savings and Industrial Competitiveness Act gets introduced...

LED stocks outperform as the Energy Savings and Industrial Competitiveness Act gets introduced in the Senate. The bill, which provides incentives and mandates to get the federal government and businesses to adopt energy-saving technologies, doesn't feature loan program provisions that had led prior bills to draw heat from Congressional Republicans. Last year, Pres. Obama authorized $2B in spending on energy efficiency upgrades for federal buildings. CREE +2.4%. LEDS +15.9%. RBCN +2.2%. GTAT +6.8%. (bill text) (summary)

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Comments (2)
  • Ford289HiPo
    , contributor
    Comments (1077) | Send Message
    Oboy! More forced feeding of technology to the masses. They never learned after the CFL debacle (hazmat).
    29 Apr 2013, 02:44 PM Reply Like
  • kmi
    , contributor
    Comments (4661) | Send Message
    It hurts going to many federal buildings. It hurts looking at how amazingly inefficient they are. I look at the lighting and try to imagine what idiot came up with it.


    In my business, I look at cost cutting and efficiency improvements non-stop. I insulate like crazy anywhere I see potential losses, I've been using 9watt CFLs over 14watt because the light produced is adequate, etc. It's amazing how great a return can be achieved with low cost investment into stuff like silicone and insulation.


    All of which is to say that I agree with the initiative since there is absolutely a lot of fat that can be cut....
    30 Apr 2013, 08:04 AM Reply Like
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