Tech Trader has targets of $4.25+/- near term with consolidation and then a run to $6 and $8.
P&F Target now $9.63.
Still feel it may cool off a bit here. But the technicals that the Tech Trader keep pointing to make you wonder.
Is this massive rebound off lows indicative of the underlying stregth of the LED opportunity? What a rebound. A close in green would be unreal.
This Lapenta guy seems to have been successful in taking advantage of big trends. They talked about big opportunities etc. in this LED space. This price move seems to suggest good news soon - but maybe it has discounted most of the good news before any possible good news hits. ??
More deals? Earnings report?
They should EASILY report more revenue in Q1 then they had in ALL of 2012.
Q1 revenue should be UP 300% to 400%+ YOY over Q1 2012 revenue.
A tipping point for LED adoption. Believe general awareness of the Economic (HUGE energy savings using LED), Environmental (Flourescent Bulb breaks are very hazardous for health - MERCURY) and lack of Hassle (no bulb changes for YEARS upon years) - will drive HUGE Commercial, Institutional, Government adoption NOW.
It doesn't hurt that LED will basically be one of the BEST LEGAL lighting options in the next year or two and beyond.
ALSO...New proposed Energy Bill just reintroduced on April 18th (Forbes):
"Today, Senators Jeanne Shaheen (D-NH) and Rob Portman(R-OH) are reintroducing their Energy Savings and Industrial Competitiveness Act, supported by a broad range of industry leaders, energy efficiency advocates, and environmental stakeholders."