2010 has been a rough year in the stock market, as publicly held companies struggle to gain their footing in uncertain market conditions. Judging from the most recent batch of quarterly financial reports, many executives of publicly held electrical manufacturers, distributors and contractors believe the worst of the recession is over. Some are starting to see single-digit growth for the rest of the year. However, since the electrical market is so closely tied to the economic fortunes of the non-residential construction market, many of these electrical executives expect the recovery to be slow with more false starts along the way.

Wall Street investment analysts are scouring all markets looking for any sign of future growth and judging even their most popular picks harshly when they don't meet earnings forecasts. For instance, one Wall Street darling, Cree Inc., Raleigh, N.C., has seen its stock price more than double in the past 12 months, topping out at more than $80 per share this spring. But when the company announced earlier this week that revenues for its financial quarter ending in September would be $4 million lower than previously forecast, bears unloaded the stock, sending Cree's share price down 13 percent. At press-time Cree was selling for less than $60 per share.

You have reached this page because you attempted to view material that is only available to on-line subscribers. If you are already an on-line subscriber, please log in using the login box on the right. If you still cannot access the rest of this site, please email or call our customer service department:

US Toll Free: (866) 505-7173
International: (847) 763-9504
Email: custserv@newsletter.penton.com

If you are interested in being an online subscriber, please check out our Subscription page (or the tab above right).

Thank-you from the staff of Electrical Marketing.