The United States next year below 40W incandescent lamp, Cree will show a "top line growth"

"For CREE LED, 2014 will be a good year. Canaccord Genuity analyst Jonathan Dorsheimer on Thursday, in a written statement to investors pointed out that since January 1, 2014, the United States will prohibit the sale of more than 40 watt incandescent bulbs, and we believe that this measure will accelerate the implementation process. This is good news for CREE. "

Dorsheimer also mentioned that the $10 CREE LED earlier this year launched the global bulbs, these bulbs are made in Durham factory production, and the home depot (Home Depot) exclusive sale, also benefited from the recent subsidies.

"The pricing environment remains challenging, but more stable," Dorsheimer noted. Short term profit margins to enhance the space is small, but due to the replacement of LED is rising and chip level strict CAPEX, 2014-15 is expected to have a good supply and demand dynamics. "

Dorsheimer is expected in 2014, CREE will show a good top line growth, to further improve operating leverage and earnings growth, and maintain a "buy" stock rating.