NetworkNewsBreaks – Cree, Inc. (NASDAQ: CREE) Mixed F2Q20 Results, CAPEX Increase Featured in ROTH Equity Research Report

February 4, 2020 14:57:32

Cree (NASDAQ: CREE) was featured in a recent Equity Research Report published by ROTH Capital Partners, LLC. The report reads, “Cree posted mixed F2Q20 results, largely inline with estimates. Mgmt is positioning conservatively on the extended Lunar holiday in China, but F3Q20 (Mar) guide would already have been tepid. FY20 CAPEX is pulled forward to serve specific customer programs. Yield issues at Wolfspeed remain a headwind after moving MOSFET production to 150mm wafers, but some progress was noted. We maintain our Buy rating in the context of Cree’s leadership in SiC materials and devices, driven by EVs and other applications.”

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About Cree, Inc.

Cree is an innovator of Wolfspeed(R) power and radio frequency (“RF”) semiconductors and lighting class LEDs. Cree’s Wolfspeed product families include silicon carbide materials, power-switching devices and RF devices targeted for applications such as electric vehicles, fast charging inverters, power supplies, telecom and military and aerospace. Cree’s LED product families include blue and green LED chips, high-brightness LEDs and lighting-class power LEDs targeted for indoor and outdoor lighting, video displays, transportation and specialty lighting applications.

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