Cree, Inc. (NASDAQ:CREE)
CAPS Rating:
The Company is engaged in developing and manufacturing semiconductor materials and electronic devices made from silicon carbide, gallium nitride and related compounds.
The Company is engaged in developing and manufacturing semiconductor materials and electronic devices made from silicon carbide, gallium nitride and related compounds.
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Recs
CREE is the leader in LED lighting technology. The stock has been going up and down for a decade, oscillating between people saying LED is the next great thing that will save boatloads of energy and then realizing that it is going to take time and get commodotized. Right now, the stock appears to be near the bottom of that cycle. I'm thinking the cycle will repeat as soon as we hit bottom of this current sell-off (you know, 2014 or something).