After conducting channel checks at Home Depot (HD) stores, DA Davidson reports that the selling prices of Cree's LED light bulbs have been sharply cut in a number of states. The firm says that these price cuts are a direct result of the recent ENERGY STAR qualification that CREE obtained on its bulbs. The firm reports that revenue at back-end Taiwanese LED companies has been stable, and it keeps a Neutral rating on Cree.
- Investment & Company Information
- LED light bulbs
- Home Depot