To: Jacob Snyder who wrote (9408 ) 11/24/2010 10:42:04 PM From: Sam Read Replies (1) | Respond to of 16955 CREE is another alternative energy related stock worth following. Very volatile, a trader's dream. Has big moves several times a year, up and down. Over roughly the past month it has gone from about $46 or so on a post-earnings sell-off to about $64 today. People wax hot and cold on it in a moment's notice. They are waxing hot this week, obviously. Cree advances after upbeat analyst comments Cree shares jump as Oppenheimer analyst sees 'lots of opportunity' in 2011 On Wednesday November 24, 2010, 12:12 pm ESTfinance.yahoo.com NEW YORK (AP) -- Shares of Cree Inc. jumped Wednesday after an Oppenheimer analyst said the elements of a "very strong 2011" are falling into place for the LED lighting products maker. Analyst Yair Reiner, who rates the Durham, N.C., company's stock at "Outperform," said the current lull in various LED markets will only last until early next year. After that, things should pick up as street-lighting order quotations from China have resumed and point to "renewed order momentum," he added. Demand for LED LCD panels used in the latest television sets should also pick up in early February, after the Chinese New Year, the analyst said. "We continue to see Cree as one of the most compelling long-term growth stories in tech," Reiner wrote. "We view the weakness in the LCD and Chinese street lighting markets, which has weighed on investor sentiment, as a very attractive buying opportunity." Reiner kept a $94 price target on the shares, which rose $5.53, or 9.5 percent, to $64.03 in midday trading. The stock has traded in the 52-week range of $46.60 and $83.38. ------------------------------------------------------------------------------- Analyst Actions: Cree Rallies 10% on Upbeat Analyst Comments 11/24 01:36 PM 01:36 PM Eastern Standard Time, 11/24/2010 (MidnightTrader) -- Cree (CREE) is up after Morgan Keegan added the shares to its focus list, Bloomberg reports. Separately, Oppenheimer says the elements of a "very strong 2011" are falling into place for CREE, AP reports. It maintains an "outperform" rating on the shares. Price: 64.29, Change: +5.79 , Percent Change: +9.9midnighttrader.com