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(TheStreet) -- Downgrades of Veeco(VECO) and Aixtron(AIXG) have put the
breaks on a recent rally in LED lighting stocks.
More on Energy
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Market Activity
Cree Inc.| CREE
Aixtron Aktiengesellschaft| AIXG
Veeco Instruments Inc.| VECO
Citigroup downgraded both of the LED market equipment companies, while
Kaufman Brothers downgraded shares of Axitron. The trio of ratings changes
were from a buy to a hold on Aixtron and Veeco, though the reasons behind
the downgrades were two-fold. www.6park.com
Citigroup is stoking renewed debate about China slowing its subsidy support
for the purchase of the MOCVD equipment sold by Veeco and Aixtron. www.6park
.com
Veeco has a larger business selling to Chinese LED companies that have
benefited from the subsidy support. For at least half a year the argument
has raged as to whether the Chinese government wants to take a breather from
the pace of expansion in the LED market.
breaks on a recent rally in LED lighting stocks.
More on Energy
American Superconductor Under PressurePower-One Back in Oversupply
CrosshairsEnergy Outlook: Crude, Gas to Trade Higher
Market Activity
Cree Inc.| CREE
Aixtron Aktiengesellschaft| AIXG
Veeco Instruments Inc.| VECO
Citigroup downgraded both of the LED market equipment companies, while
Kaufman Brothers downgraded shares of Axitron. The trio of ratings changes
were from a buy to a hold on Aixtron and Veeco, though the reasons behind
the downgrades were two-fold. www.6park.com
Citigroup is stoking renewed debate about China slowing its subsidy support
for the purchase of the MOCVD equipment sold by Veeco and Aixtron. www.6park
.com
Veeco has a larger business selling to Chinese LED companies that have
benefited from the subsidy support. For at least half a year the argument
has raged as to whether the Chinese government wants to take a breather from
the pace of expansion in the LED market.
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