Time To Tune Into LED Stocks? Maybe One, At Least (RBCN, CREE, EFOI, PHG, VECO)

Tickerspy’s LED Index

LED INVESTING IDEAS

• Popular long ideas: CREE, VECO, AIXG
• Popular short ideas: CREE, PHG, AIXG
• Top dividend plays: PHG
• Pro favorites: CREE, PHG, VECO

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LED COVERAGE

These companies are engaged in the design or production of LEDs, LED lighting systems, or related technologies.

• China Concerns To Plague LED Stocks, Citi Says (AIXG, VECO, LEDS, EFOI, RBCN, CREE, NEXS, PHG)
• Negative Movers: Homebuilders and Former High-Fliers Among the Hardest Hit (LEDS, CREE, FNSR, JDSU, BZH, HOV)
• Negative Movers: Analyst Comments Hurt Some Stocks (AIXG, DQ, BQI, DB, WMS)

LED CHART

LED METRICS

Avg. Market Cap:	$4.6B
Avg. P/E Ratio:	46.7
Avg. Div Yield:	0.4%

The past month has been a wild ride for LED stocks with the LED Stocks Index at one point tumbling as much as 10%, but the Index has fought its way back to a flat performance over that time and is down 0.1% today.

Positive comments from Kaufman Bros. about Rubicon Technology (RBCN) may be helping matters. The research firm said it expects Rubicon to be a solid performer in a favorable demand environment, noting that Rubicon plans to double capacity as LED production increases in China. Kaufman expects Rubicon to post 2011 sales of $176 million, which is above the current consensus estimate. The firm also expects Rubicon to generate a 2011 profit of $2.37 a share, which is 14% above the consensus estimate of $2.08 a share. Kaufman has a $30 price target on the stock.

Shares of Rubicon and rival Cree (CREE) are both up 1% or more, good for the best performances in the Index today. Energy Focus (EFOI) is down 3%, the worst decline in the Index. Philips Electronics (PHG) and Veeco Instruments (VECO) are also lower by 1%.

Investors can track the LED Stocks Index for performance trends and a suite of other metrics at tickerspy.com.

Tags: CREE, EFOI, PHG, RBCN, VECO