Despite its position as one of the largest manufacturers of LEDs and LED lighting fixtures, Cree Inc., Durham, N.C., hasn’t been able to get a ton of consistently positive momentum going for the price of its shares — until this week when it beat analysts estimates for its fiscal second quarter and they enjoyed a hefty 19% increase to more than $39 per share.
All access premium subscription
Only Electrical Marketing newsletter subscribers have access to premium content.
Being a subscriber to the Electrical Marketing newsletter allows you exclusive access to high value content including key economic indicators measuring the health of the market and access to the Electrical Price Index and other important industry insights.
Sign up for the Electrical Marketing newsletter to get access.