Canaccord Genuity on Energy & Power Technologies: Q1 Post-Asia LED Wrap-Up
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Price: $3.06 --0%
Rating Summary:
4 Buy, 14 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
4 Buy, 14 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Canaccord Genuity on Energy & Power Technologies: Q1 post-Asia LED wrap-up: recent strength attributed to restocking and double ordering
Analyst, Jonathan Dorsheimer, said, "We are downgrading AIXG (Nasdaq: AIXG) to SELL from Hold and reiterating our SELL rating on Veeco Instruments (Nasdaq: VECO) shares, as we believe expectations are not aligned with fundamentals - again...Despite stabilizing sapphire pricing, we expect Rubicon Technology (Nasdaq: RBCN) to miss Q1 expectations, as the company just began selling 2” and 4” cores late in Q1. Given the lack of 6” volume, we see risk to near-term results...While we are maintaining our BUY rating on Cree (Nasdaq: CREE), we don’t see a meaningful recovery until H2/12 driven by the adoption of its XP-D product, which has a longer re-qual combined with lost business due to the company’s vertical integration strategy."
Analyst, Jonathan Dorsheimer, said, "We are downgrading AIXG (Nasdaq: AIXG) to SELL from Hold and reiterating our SELL rating on Veeco Instruments (Nasdaq: VECO) shares, as we believe expectations are not aligned with fundamentals - again...Despite stabilizing sapphire pricing, we expect Rubicon Technology (Nasdaq: RBCN) to miss Q1 expectations, as the company just began selling 2” and 4” cores late in Q1. Given the lack of 6” volume, we see risk to near-term results...While we are maintaining our BUY rating on Cree (Nasdaq: CREE), we don’t see a meaningful recovery until H2/12 driven by the adoption of its XP-D product, which has a longer re-qual combined with lost business due to the company’s vertical integration strategy."
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