Cree LED Launches New L2 Solutions Portfolio, Streamlining LED PCBA Procurement
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Businesswire
- Market Demand Response: Cree LED's new L2 Solutions portfolio offers both standard and custom fully-populated LED PC board assemblies, addressing top-tier suppliers' need for a complete solution, thereby enhancing its competitive edge in the lighting market.
- Supply Chain Stability: Leveraging its global manufacturing network, Cree LED ensures supply stability and has the flexibility to adjust production based on customer demand, which not only boosts customer trust but also increases market share.
- Low Barrier Procurement: Standard L2 PCBAs will be stocked through existing distribution networks with no minimum order quantities, making high-quality assemblies easily accessible for manufacturers of all sizes, thus expanding the customer base.
- Customization Service Advantage: For high-volume orders, Cree LED offers custom L2 products with greater design flexibility and engineering support, drawing on its successful XLamp® and J Series platforms, further solidifying its leadership position among global manufacturers.
Analyst Views on PENG
Wall Street analysts forecast PENG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PENG is 26.50 USD with a low forecast of 23.00 USD and a high forecast of 30.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 19.390
Low
23.00
Averages
26.50
High
30.00
Current: 19.390
Low
23.00
Averages
26.50
High
30.00
About PENG
Penguin Solutions, Inc. is an end-to-end technology company. The Company’s Advanced Computing segment, under its Penguin Computing and Stratus brands, offers specialized platform solutions and services for artificial intelligence, high-performance computing, machine learning, advanced modeling and the Internet of things that span the continuum of edge, core and cloud. Its Integrated Memory segment, under its SMART Modular Technologies brand, provides high-performance and reliable integrated memory solutions through the design, development and advanced packaging of leading-edge to extended lifecycle products. Its Optimized LED segment, under its Cree LED brand, offers a broad portfolio of application-optimized LEDs focused on improving lumen density, intensity, efficacy, optical control and/or reliability. The Company’s LED products enable its customers to develop and market LED-based products for general lighting, video displays and specialty lighting applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
