(CREE) Cree Incorporated – Bull of the Day

January 26th, 2010

Cree, Inc. (CREE) is one of the leading producers of SiC and GaN-based LEDs. September quarter revenue and earnings exceeded consensus estimates.

The global movement to energy efficient lighting is prompting lighting companies and consumers to look at other options. Therefore, lighting will be the strongest end market for Cree, likely followed by video displays and notebooks. Yield improvements, higher capacity utilization, larger wafers and offshore production will increasingly offset new product ramp up costs.

The LED market is hot in our opinion, and the LLF acquisition opens up new opportunity. We are reiterating our BUY rating on CREE shares.

Zacks Investment Research

More on this topic (What's this?)
Morgan Joseph Downgrades Cree Inc (CREE) On Valuation, But Raises Estimates (Green Stocks Central, 1/14/10)
Cree Inc (CREE) Impresses Again, Shares Surge Back To Resistance At 60 (Green Stocks Central, 1/20/10)
Introducing the Weekly Stock Market Review (The Iconoclast Investor, 1/16/10)
Is Cree, Inc. (CREE) Likely to Burn Out? (Alt Energy Stocks, 1/18/10)
Read more on Cree at Wikinvest


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