Ads Top

Cree Reportedly Wins Deal With GE For 60W LED Bulbs

Creee shares were trading higher on a report that the company has won a contract from General Electric for production of 60 watt LED replacement light bulbs. He notes that GE is the leader in 60 watt LED bulbs, with about a third of the market. “We have finally confirmed that Cree has indeed won GE’s 60W replacement bulb business,” Canaccord Genuity analyst Jonathan Dorsheimer asserts in a research note.”GE is a big win for Cree.”

No comments:

Powered by Blogger.