CREE, AONE: JMP Picks Of Coverage Of Both At Outperform

superxy

So $100 CREE and $16 AONE

By Eric Savitz
JMP Securities this morning picked up coverage of both Cree Research (CREE) and A123 Systems (AONE) with Outperform ratings.

Cree: Analyst Alex Gauna set a $100 target on the stock, and says his bullish stance reflects “confidence that the LED industry is in only the earliest stages of revolutionizing the global lighting market,” and his view that Cree “has the most compelling and differentiated solution in the market.” He sees profits at Cree of $1.59 this year, $2.15 next year and $2.65 in 2012.
A123: Analyst Bryce Dille set a $16 target on the battery maker, asserting that given expectations of better than 100% compounded sales growth through 2012, the stock looks cheap. He sees sales of $136.1 million this year, $311.3 million next year and $743.4 million in 2012, with the company turning profitable in 2012. Dille thinks the company’s lithium ion batteries offer an effective solution for hybrid and plug-in hybrid cars, heavy duty transportation and certain grid-storage applications.

ranchgirl

Good, I bought some at $13.97, under water now.

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