Power One (PWER) reported relatively strong results after the bell today beating analyst estimates on both the EPS and revenue side. The company reported an EPS of .21/share on revenues of $267 million vs the analyst estimates of .14/share on revenue of $239 million. However, the numbers are still significantly below the year ago quarter of .38 in EPS and $366 in revenue.
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“In 2011, … Read the rest
Not a good earnings report out of Power-One (PWER) last night. The company missed on both the top and bottom line posting a non GAAP EPS of .16/share (vs the estimate for .19/share) on revenues of $245 million (vs the estimate for $248 million). That’s a significant drop over the year ago numbers when the company reported .40 and $314 million respectively. It doesn’t get better next quarter. The company is guiding below the … Read the rest
Power-One (PWER) is reporting decent quarter over quarter growth both on the EPS and revenue side this morning, but the company missed analyst EPS estimates posting .21/share vs the analyst estimate of .22/share. They did beat on the revenue side posting $260 million vs the expectation for $254 million. All in all, not a bad quarter and it appears to be enough for traders to do some bargain shopping in shares of PWER this morning. … Read the rest
Perhaps all the concerns about a renewable energy slowdown and concerns in Europe were priced in because despite missing analyst estimates of .21/share by posting .20/share, shares of Power One (PWER) are popping today about 10% with heavy volume. The company did beat analyst estimates on the revenue side with $244.5 million (vs the estimate for $241.8 million).
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CEO Richard Thompson commented on his new … Read the rest
Power-One (PWER) updated its financial outlook today. The company expects to post revenues of $240 – $245 million which is below the previously guidance of $260 – $290 million. The company is blaming market conditions and feed-in-tariff cuts in Germany and Italy. Despite the downward revision revenues will still come in about 60% higher than the year ago quarter. The company reports official earnings on May 5th.
Shares of Power-One (PWER) got a bump off the bottom today when the company announced that it has begun shipping its 250kW and 500kw utility grade inverter products from its new manufacturing facility in China. It will have a capacity of 1GW by the end of this year. The company said that the facility will also help meet the demands of the Indian market in addition to the Asian market.
A few days ago Auriga maintained their Buy rating on Power One (PWER) ahead of earnings. As you may know, PWER posted weak guidance and plunged today with heavy volume. Despite the weaker guidance, Auriga is maintaining their Buy rating but lowering their price target just a bit from $14 to $13. The firm did not see excess inventory in Europe for the first half of the year so have had to adjust their EPS … Read the rest
Power-One (PWER) as expected posted strong quarterly results after the bell last night, but is plunging more than 20% this morning after the company posted weaker than expected revenue guidance for next quarter. The company beat analyst estimates this quarter, reporting an adjusted EPS of .49/share ( vs estimate for .40) on revenues of $366 million (vs the estimate for $352 million. As is often the case though, particularly with stocks that have had a … Read the rest
Auriga released a report this morning reiterating its Buy rating on Power One (PWER) with a $14 price target which represents about 30% upside to current levels. Auriga first initiated a Buy rating on PWER back in December and called the company the “solar inverter leader”.
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The firm expects strong Q4 results when the company reports on Feb 3rd, bolstered by Italian demand. They highlight … Read the rest
Auriga initiated coverage of Power One (PWER) after the bell yesterday with a Buy rating and $14 price target. The firm sees PWER as a the leader in the solar inverter market with solid management and strong cash flow. While they see near term volatility as the industry shifts from Europe to the US and China, they expect volatility to subside in the 2nd half of next year.