Cree (CREE) is Another Dead Man Walking - Analyst

Article Stock Quotes (2) Comments (1)

At one point being compared to First Solar (NASDAQ: FSLR) would have been a good thing for a company to brag about... but not anymore.

Shares of Cree (NASDAQ: CREE) are getting punched in the gut Wednesday after Wunderlich Securities Theodore O'Neill said 'Cree is the First Solar of the LED space.'

O'Neill sees a lot of similarities between the two, noting competitive pricing forced First Solar to vertically integrate up the food chain, which is what Cree did last year. Also, CFOs at both companies left after the vertical integration shift.

O'Neill has a Sell and $20 price target on Cree.

For an analyst ratings summary and ratings history on Cree click here. For more ratings news on Cree click here.

Shares of Cree are down 5 percent today to $25.80.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Cree (CREE) LED Bulbs Picked Over Other Brands
• UPDATE: Canaccord Genuity Starts T-Mobile US, (TMUS) at Hold
• Ackman's Pershing Square Says Herbalife (HLF) Refuses to Release Sales Data, Calls for Probe

Create E-mail Alert Related Categories

Analyst Comments, Trader Talk

Related Entities

Wunderlich Securities

Comments

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?