Here’s Why Shares of Universal Display Corporation (PANL) Rose Today

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Now tell me how you really feel
While Samsung currently remains Universal Display Corporation (NASDAQ:PANL)’s largest source of revenue, it’s easy to forget things are about to get much more interesting in the OLED space as other companies finally begin to embrace the advantages of using its tech.

For instance, as I wrote a few weeks ago, both Samsung and LG are all set to begin mass production of their cutting-edge 55-inch OLED televisions, and Japanese competitors Sony Corporation (ADR) (NYSE:SNE) and Panasonic Corporation (ADR) (NYSE:PC) teamed up last year to create their own 56-inch models, which were unveiled at this year’s Consumer Electronics Show in Vegas.

Over the longer term, companies including LG and Koninklijke Philips Electronics NV (ADR) (NYSE:PHG) have also made huge investments to further develop their own high-efficiency OLED lighting solutions — the market for which, by some accounts, could grow from just a few million dollars today to over $2 billion by 2020.

Foolish final thoughts
With this in mind, I’ve long maintained my bullish position on shares of Universal Display and have no intention of closing my outperform CAPScall on the company anytime soon.

In the end, when (not if) the aforementioned catalysts materialize, I’m convinced that, while today’s pop feels great now, it will barely register as a blip in the radar down the road when compared to the mind-boggling gains Universal Display Corporation (NASDAQ:PANL) can afford patient investors with a longer-term mind-set.

The article Here’s Why Shares of Universal Display Rose Today originally appeared on Fool.com and is written by Steve Symington.

Fool contributor Steve Symington owns shares of Universal Display. The Motley Fool recommends Apple, Goldman Sachs, and Universal Display. The Motley Fool owns shares of Apple and Universal Display .

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