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   Technology StocksCree Inc.

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From: slacker7114/12/2019 10:11:13 AM
1 Recommendation   of 10171
This entire article is a must read. It highlights the long-term opportunity but also some of the dangers from their own customers. On Semi has also talked about their drive towards vertical integration of their SiC supply chain.

ST Bets Future on Silicon Carbide
By Nitin Dahad, 04.01.19


Speaking at the heart of its SiC plant in Catania last week, Marco Monti, president of ST’s automotive and discrete group, said he believed 50% of the power semiconductors market in 30 years will be based on SiC. While the company currently outsources the supply of ingots and substrates (with the epitaxy and wafer processing carried out in Catania) he said ST wants to have more control of the supply chain and bring it internal.

Monti said while ST already has plans to further integrate Norstel into its supply chain, the company isn’t ready to disclose them, saying it may reveal more at its capital markets day in May. He said the alliance with Cree is important, and the ambition is to be more vertically integrated. While its SiC is currently on 6-inch wafers, it intends to use its Norstel and local research links to push to 8-inch slices, probably by 2025.


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From: slacker7114/12/2019 2:27:12 PM
3 Recommendations   of 10171
The crossover point — when electric vehicles become cheaper than their combustion-engine equivalents — will be a crucial moment for the EV market. All things being equal, upfront price parity makes a buyer’s decision to buy an EV a matter of taste, style or preference — but not, for much longer, a matter of cost.

Every year, that crossover point gets closer. In 2017, a BloombergNEF analysis forecast that the crossover point was in 2026, nine years out. In 2018, the crossover point was in 2024 — six years (or, as I described it then, two lease cycles) out.

The crossover point, per the latest analysis, is now 2022 for large vehicles in the European Union. For that, we can thank the incredible shrinking electric vehicle battery, which isn’t so much shrinking in size as it is shrinking — dramatically — in cost.

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From: Bungalow Bill4/15/2019 9:16:06 AM
   of 10171
Oy vay!

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To: slacker711 who wrote (9859)4/16/2019 7:33:18 AM
From: slacker711
   of 10171
From yesterday.

Cree (CREE) PT Raised to 'Street High' $81 at Canaccord Genuity
April 15, 2019 7:48 AM EDT Send to a Friend
Canaccord Genuity analyst Jed Dorsheimer raised the price target on Cree (NASDAQ: CREE) to $81.00 (from $60.00) while maintaining a ...

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To: slacker711 who wrote (9969)4/16/2019 8:05:24 AM
From: OldAIMGuy
   of 10171
Hi S, Re: $81/share Price Target.................

That's an acceptable target.

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From: Don Green4/24/2019 5:16:42 PM
   of 10171

CREE April 24, 2019

Chart of the Day - Cree Inc

The Barchart Chart of the Day belongs to the semi conductor company Cree( CREE). I found the stock by using Barchart to sort it's Top Stocks to Own list first by the most frequent number of new highs in the last month, then I used the the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 1/3 the stock gained 72.92%.

Cree, Inc. is a market-leading innovator and manufacturer of semiconductors that enhance the value of solid-state lighting, power and communications products by significantly increasing their energy performance and efficiency. Key to Cree's market advantage is its world-class materials expertise in silicon carbide and gallium nitride for chips and packaged devices that can handle more power in a smaller space while producing less heat than other available technologies, materials and products. Cree drives its increased performance technology into multiple applications, including exciting alternatives in brighter and more-tunable light for general illumination, backlighting for more-vivid displays, optimized power management for high-current switch-mode power supplies and variable-speed motors, and more-effective wireless infrastructure for data and voice communications. Cree customers range from innovative lighting-fixtures makers to defense-related federal agencies.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the website when you read this report.

Barchart technical indicators:

  • 96% technical buy signals
  • 94.61+ Weighted Alpha
  • 74.45% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 18 new highs and up 21.51% in the last year
  • Relative Strength Index 84.49%
  • Technical support level at 67.43
  • Recently traded at 68.75 with a 50 day moving average of 57.76
Fundamental factors:

  • Market Cap $7.01 billion
  • P/E 354.91
  • Revenue expected to decrease 7.20% this year and another 5.50% next year
  • Earnings estimated to increase 321.10% this year, an additional 61.20% next year and continue to compound at an annual rate of 112.26% for the next 5 years
  • Wall Street analysts issued 5 strong buy, 4 hold and 1 sell recommendation
  • The individual investors following the stock on Motley Fool voted 1071 to 89 that the stock will beat the market

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From: slacker7114/25/2019 8:42:25 AM
2 Recommendations   of 10171
Tesla is upgrading the S and X models by using SiC to make the models more efficient.

According to the company, the Model S and Model X Long Range’s will receive Tesla’s “latest generation of drive unit technology,” which ups the battery pack’s efficiency by a little more than 10-percent. To do this, Tesla’s engineering team optimized the “permanent magnet synchronous reluctance motor, silicon carbide power electronics, and improved lubrication, cooling, bearings, and gear designs.” This allowed Tesla to achieve a battery pack efficiency of 93-percent.

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From: slacker7114/30/2019 10:28:22 AM
2 Recommendations   of 10171
Interesting article about grid storage starting to take off. It should create quite a few opportunities for SiC.


Now grid storage is poised to grow at a faster pace than the electric cars that made it cost-effective, and even faster than the renewables it will help to accommodate on the grid. Last year, Florida Power & Light completed a 10-megawatt grid battery hailed as the largest of its kind in the world; last month, FPL announced a battery project more than 40 times larger. Republican regulators in Arizona recently approved more than twice as much power storage in their state as the entire country installed last year; Hawaii is building more than three times as much, and California nearly five times as much. Tom Buttgenbach, the CEO of 8minutenergy Renewables, says his firm alone has signed contracts to build nearly a gigawatt of grid storage in the U.S., more than two thirds of the current nationwide total, in just the past four months.

Overall, the consultancy Wood Mackenzie expects U.S. storage additions to double in 2019, triple in 2020 and increase 13-fold over the next five years, which would store enough electricity to power more than 5 million homes. The forecasters at Bloomberg New Energy Finance expect more than $600 billion in global investment in battery storage by 2040. The storage boom, like so many green trends in America, first took hold in California, but Ravi Manghani, the head of energy storage research at Wood Mackenzie, says it is spreading much faster than anyone expected, ending the era when power had to be distributed and used the instant it was generated.

“Every time we do a new forecast, we have to revise it up for deployment and down for cost,” says Ravi Manghani, head of energy storage research at Wood Mackenzie. “We’ve been proven wrong again and again.”

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To: slacker711 who wrote (9956)5/1/2019 4:26:44 PM
From: slacker711
   of 10171
Wolfspeed came in a bit better than they guided on March 15th and LED's came in at the low-end of the range.

Is the LED weakness coming fromthe end-market, tariffs, or is Cree switching capacity to SiC?


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From: slacker7115/2/2019 7:18:10 AM
1 Recommendation   of 10171
Cree transcript

There was weakness in LED's which is attributable to market softness. It sounds like they will use that weakness to begin switching capacity to GaN/SiC.

The weakness in Wolfspeed guidance is harder to understand. Weak EV sales in China were the culprit, but if true, why cant they switch that capacity to another customer? It sounds like customers are still on allocation and lead times are still long.
I did like the commentary around GaN for wireless. I have had a harder time tracking that market than SiC power products but it sounds like the market is developing faster than expected.

More importantly, capacity expansion plans will be revealed next Tuesday at the PCIM conference.


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