Lazard Takes Positive Look on future of LED Lights

Lazard has upgraded LED manufacturer CREE lighting to Buy from Hold with a $90 target saying they believe demand for general LED lighting will grow at a rate of greater than 30% between 2010-2014.

They see interest in LED lighting to expand from universities and government buildings. With payback periods coming down as low as 12 months, Lazard is seeing increasing adoption of LED lighting in general , especially in the commercial building space. Lazard's checks suggest that in 2009 there were approximately 50 commercial projects using LEDs, and in 2010 lighting contracts for LEDs should reach 200+ multimillion-dollar projects. They are also seeing utilities creating rebates for LED fixtures and introducing unmetered rate schedules specifically for LED street and area lighting.

Information from www.istockanalyst.com

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