Seeking Alpha

Cree +2.5% as Roth sees $500M order

|About: Cree, Inc. (CREE)|By:, SA News Editor

Roth reiterates a Buy rating and $67 target on Cree (NASDAQ:CREE).

The firm cites checks at the ICSCRM event, which show the Delphi partnership including a $500M+ SiC MOSFETS purchase order from a European auto OEM.

Cree's total revenues were $251.2M last quarter.

Cree shares are up 2.5% pre-market to $50.22.

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