It’s been a rough few weeks for shares of Power One (PWER) as the stock continues to correct after a huge run in the past year, but is seeing some buy interest this morning after it was announced that management has approved a 10 million share buyback program.  It’s authorized for two years and begins immediately.

===> Click Here For Your FREE Daily Power OneTechnical Analysis

"This repurchase program highlights the confidence we have in our cash flow generation and indicates our ongoing commitment to improving shareholder value," commented Richard Thompson, CEO of Power-One.