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Cree +3% after upgrade on "dominant" position Mar. 20, 2019 8:26 AM ET|About: Cree, Inc. (CREE)|By: Brandy Betz, SA News Editor JMP Securities upgrades Cree (NASDAQ:CREE) from Market Perform to Market Outperform with a $74 PT citing the recent sale of the lighting business and its "dominant" position as a silicon carbide material supplier.
EV is going to be the platform to really validate the SiC MOSFET as a viable high volume option. This should drive costs down over the coming years to open the door to applications that are just not quite there yet with the value add this technology brings.....UPS, motor drives for example. The future looks good....
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.
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.
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 ...
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 Barchart.com 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
Market Cap $7.01 billion
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
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.