This morning, the 2nd China based (Taiwan) LED company has begun trading on a US exchange (the other is China Intelligent Lighting CIL) and it should generate lots of interest.  SemiLEDS (LEDS) develops and manufactures LED chips and components for residential and commercial lighting.  They believe their product offers the greenest, most efficient LED  by replacing the sapphire component with copper alloy.  As a leader based on lumens per watt as well as cost per lumen, the strategy appears to be  working and working well.

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The company is growing and expanding.  This year year has been a big year with over $30 million in revenue and  likely close to $10 million in profit.  To accelerate growth and take advantage of the China LED revolution, the company will use proceeds from the IPO to expand manufacturing capacity.   They also have joint ventures in Taiwan, mainland China and Malaysia which could fuel growth further.

Traders love it at the open.  The stock priced at $17 last night, raising $89 million for the company and it opened for trading up nearly 50%.  It currently trades above $25/share on the Nasdaq under the ticker LEDS. 

Of course, we’ll be monitoring the news out of LEDS from here on out here at GreenStocksCentral.com and will add the stock to the LED Stocks tracker soon.  While I still like China Intelligent Lighting (CIL), SemiLEDs (LEDS) is a higher quality play that will likely garner more attention from the Street.  That being said, CIL could move in sympathy and indeed it was up nearly 10% earlier this morning before pulling back.