Posts tagged “Green Energy”
With its stock reaching a 52-week high of $46.25, chairman and chief executive officer Chuck Swoboda sells more than 400,000 shares, according to SEC data. CFO and a co-founder also cash in as the Durham-based firm capitalizes on demand for light emitting diodes.
Three utility firms target North Carolina for portions of upgrade projects, will invest nearly $1.6 billion of their own funds. Nationwide, Obama administration awards $3.4 billion in grants across 49 states.
In his own words: During conference call to discuss Cree’s quarterly earnings and market demand for its chips as well as LEDs, Chuck Swoboda talks about expanding capacity and adding employees to meet growing demand.
Capitalizing on growing global demand for LED lighting, the Durham firm schedules press conference after markets close Thursday. Cree shares have tripled in value over last year despite the recession, and the company recently raised more than $400 million, $150 million of which is set aside for expansion.
Manufacturer Cree announced Thursday that it will add 500 "green" jobs at its Durham headquarters over the course of three years. As many as 275 of those positions will be in place by the end of the calendar year, CEO Chuck Swoboda said.
Total investment in clean technology worldwide declines 9 percent in third quarter. Firm’s CEO warns that investments are threatened by ‘undue reliance on stimulus funds, development banks and state-backed capital providers of various sorts.’
The U.S. Department of Energy announced Friday that North Carolina will receive nearly $21 million in stimulus funds for energy efficiency and conservation projects.