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Cree LED bulb discounts being driven by energy companies, says DA Davidson

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.