Analysts said the application of LED products is a lot of popularity, Cree shares soaring 10.68% news

The U.S. financial media reported on CNBC 26, American Technology Research (ATR) CEO Richard Prati said in an interview, although the market is generally believed that the light emitting diode (LED) technology to a number of years is expected for the majority of consumers to accept, but that is not the case. He believes that LED applications will be a large number of popular, as in the late 90s, the rapid growth of the Internet industry.

Prati pointed out that the upper reaches of the LED crystal CREE is a small number of people can save 90% of the energy consumption of enterprises, and its products will not harm the environment.

Cree 26 in the share price soaring 10.68%, $26.01, the highest since November 8th closing high.

Source: Lean news