Power-One (PWER) is powering much higher in after hours trading after smashing estimates once again and guiding higher.  The company , a leading provider of renewable energy and energy-efficient power conversion and power management solutions, posted record EPS and revenues with an EPS of .40/share on revenues of $314 million.  That’s a smashing of the consensus estimate of just .23/share on revenues of $265 million and a big jump over the year ago quarter when the company posted a .03/share loss on revenues of $100 million.

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“Sales from our Renewable Energy SBU, coupled with revenue growth in the Power SBU, led to expanded margins and the fourth straight quarter of net profit,” said Richard Thompson, Chief Executive Officer of Power-One. “Given the demand for our products, we expect to grow revenue again in the fourth quarter as we position the company for continued profits and market share gains.”

Looking ahead, the company expects Q4 revenue of $340 to $360 million, driven by the continued momentum of inverter sales and the turnaround of the Power Solutions SBU.  That is well ahead of the analyst estimate of $298 million in revenue for next quarter.

Shares of PWER are soaring after hours, up nearly 20% and clearing a new 52 week highs and will soon approach the 2003 high.  While this is a base breakout, it’s a sloppy base and given the run it’s already had I would not be a buyer on tomorrow’s gap up.