|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||22.39 - 22.59|
|52 Week Range||15.87 - 23.01|
|PE Ratio (TTM)||29.27|
|Dividend & Yield||0.23 (1.05%)|
|1y Target Est||N/A|
LED maker Cree Inc. (CREE) is planning a factory expansion for the unit it failed to sell earlier this year. CEO Chuck Swoboda told analysts increased demand from the electric vehicle and battery storage sectors “is quickly bringing silicon carbide to the mainstream” and putting major pressure on the business. In 2016, the firm had announced its intent to sell Wolfspeed to German semiconductor giant Infineon.
Infineon Technologies (IFNNY) is seeing solid earnings estimate revisions, and the stock is showing decent short-term momentum as well.
If you are looking for a fast growing stock that is still seeing plenty of opportunities on the horizon, make sure to consider Infineon (IFNNY).