Cree CEO Lights Up Stock On Possible Turnaround Plans - Energy Watch News


Cree CEO Lights Up Stock On Possible Turnaround Plans

CREE shares surged by double digits Wednesday 10/180 as its new chief executive fired up the LED lighting company’s stock by indicating to analysts that a new strategic plan may be coming in a few months. Cree shares initially fell 6% after the company reported fiscal first-quarter earnings late Tuesday. But new CEO Gregg Lowe talked of preliminary turnaround plans on Cree’s earnings call, sending shares soaring on Wednesday. It was unclear what plans Lowe might have.

News

Tagged with: ,
Posted in Industry News

Leave a Reply

Your email address will not be published. Required fields are marked *

*

Featured Product


 

Featured Job

Senior Engineer, Quality

in Melville, NY – US

Featured Job Listing