On May 13th, the Wall Street Journal reported that Sidoti & Co. Securities on the 12th, with the stock price pulling back, the attractiveness of investment will increase, LED demand will continue to strengthen in the next few years, and light-emitting diode (LED) upstream chip manufacturing company Cree Inc The investment rating was raised from “neutral†to “buyâ€. Sidoti pointed out that Cree's focus on high-brightness (HB) LEDs, as well as efforts in capacity planning and cost control, give the company a competitive advantage. Cree Semiconductor Index constituent stocks on the 12th news news rose 8.69%, to close at 77.54 US dollars, the rise in the 21 constituent stocks, hit a new high since April 26.
Cree just released a press release on May 11th, the company's 6-inch LED downlight "CR6" designed for residential and commercial lighting will be available in late May, with a retail price of less than $60. Gary Trott, vice president of Cree, pointed out that this is the first time that LED downlights have reached the cost of a toxic dimming energy-saving fluorescent downlight (CFL). Cree announced on May 12 that the company will be exhibiting lighting fixtures, light bulbs and components at the 2010 Lighting Fair (Lightfair 2010) at the Las Vegas Convention Center on May 12-14.
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