Cree, Inc. (CREE), Acuity Brands, Inc. (AYI): Koninklijke Philips Electronics NV (ADR) (PHG) Lights Up LEDs

Blinded by the light
Philips will be introducing its new 200 lumen bulb in 2015 and expects that within 10 years half the world’s fluorescents will be displaced. More importantly, their cost will fall rapidly with their increased efficiency, making them cheaper to own within a year, as opposed to the current three years. Acuity Brands, Inc. (NYSE:AYI) thinks Koninklijke Philips Electronics NV (ADR) (NYSE:PHG) may still be in the dark about that, believing LEDs will surpass fluorescents in as little as three years’ time.

The dim bulbs in Congress may like to pat themselves on the back because they banned the 100-watt incandescent bulb starting last year as a means of hastening the changeover, but the technology was already in the works and the advances seen today in LED lighting are in spite of the government’s intervention, not because of it. It’s clear, though, that both Philips and Cree, Inc. (NASDAQ:CREE) are lighting the path forward.

The article Philips Lights Up LEDs originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned, and neither does The Motley Fool.

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