For investors excited about Cree’s (NASD:CREE) Light-Emitting Diode (LED) business, here’s one more piece of good news: The EE Times Reports that the Fraunhofer Institute for Solar Energy Systems (Freiburg, Germany) claims it has achieved a record efficiency for its inverter designed for PV generators, using Cree’s SiC transistors.
I’ve previously noted that inverters are a good way to participate in the Solar and Wind power markets without needing to invest in the high priced (or foreign) companies which dominate those markets, and even without this news, Cree is a longtime favorite of this blog. The stock shot up on the news today, but that’s no reason not to get your feet wet with cash-covered puts.
DISCLOSURE: Tom Konrad and/or his clients have long positions in CREE.
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