Power-One (PWER) is breaking out with conviction today to a new 2 year high after it was announced earlier today that the company has been able to settle its differences with Emerson’s subsidiaries Artesyn Technologies and Astec America and agreeing to dismiss all pending lawsuits while allowing the Emerson companies to license Power-One’s digital power technologies. The technology allows customers to optimize power conversion efficiency, reduce energy costs and enhance energy management.
Technically, this is a beauty of a cup with handle base breakout in PWER today. The volume is there too. Certainly a green stock to put on the radar.