Early Decliners: Cree, Inc. (NASDAQ:CREE), Ericsson (ADR) (NASDAQ:ERIC), ARM Holdings plc (ADR) (NASDAQ:ARMH), FuelCell Energy (NASDAQ:FCEL)

Cree, Inc. (NASDAQ:CREE)’s CEO Chuck Swoboda said company officials are looking at “strategic opportunities” to expand its product portfolio in a conference call about its third-quarter financial results Tuesday. Cree, Inc. (NASDAQ:CREE) stock opened today at $53.05 and is currently trading at $52.26. The stock showed a positive weekly performance of 5.70%.

Raymond James began coverage on shares of Ericsson (NASDAQ:ERIC). They issued a market perform rating on the stock. Ericsson (ADR) (NASDAQ:ERIC) stock opened at $12.20, in current trading session and currently is at $12.24, by loosing -5.77%.The 52 week range of $10.67-$14.22. Company’s market capitalization is $40.46 billion.

ARM Holdings plc (NASDAQ:ARMH) reported Q1 EPS of 5.60p, in-line with the analyst estimate of 5.60p. Revenue for the quarter came in at GBP186.7 million versus the consensus estimate of GBP187.6 million. ARM Holdings plc (ADR) (NASDAQ:ARMH) stock is currently trading at $48.15.The EPS of the stock is 0.38. Company’s market capitalization is $22.46 billion.

Cost is the major hindrance to the adoption of fuel-cell technology. FuelCell Energy Inc (NASDAQ:FCEL) expects to reduce the cost of the technology as it builds more mega facilities. The company manufactures 70 megawatts annually at its factory in the U.S., however, it expects to manufacture about 200 megawatts a year, a move that could enable it to reduce cost by 30 percent. FuelCell Energy Inc (NASDAQ:FCEL) stock opened the session at $2.47, and now is at $2.50. The 52 week range of the FCEL stock remained $0.97-$4.74 and the day range was $2.44-$2.51.