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 … Read the rest
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Piper Jaffray Bullish On Solar, Initiates More Coverage; Sunpower (SPWRA) Downgraded By Soleil
Piper Jaffray initiated coverage on several solar stocks last night and is generally bullish with 9 Overweights and a few Neutral ratings. Most of the price targets are way above the current prices. Here’s the run down…
Overweight:
First Solar (FSLR) with 200 price target.
Renesola (SOL) with 20 price target.
Yingli Green Energy (YGE) 14 PT.
LDK Solar (LDK) 12 PT
SatCon Technology (SATC) 5 PT
Trina Solar (TSL) 35 PT
SunPower (SPWRA) 20 … Read the rest
Power One (PWER) Up On 10 Million Share Buyback Program
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.
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"This repurchase program highlights the confidence we have in … Read the rest
Power One (PWER) Beats With Big Growth Again, Shares Up Over 15%
Power-One (PWER) continues its tear over the past year with the stock vaulting 10-fold in that time. It’s not done yet. The stock is up over 15% in after hours trading after the company beat estimates by a wide margin, posting huge quarter over quarter growth once again. They reported a Q2 EPS of .17/share, .07 better than analyst estimates on revenues of $215 million which also beat analyst estimates ($186 million). That’s a 325% … Read the rest
Power One (PWER) Vaults Another 20% After Earnings, Posts Record Revs
Power-One (PWER), which makes power conversion and management products for the renewable energy industry, has really been on a roll after breaking out of a cup with handle base on April 14th. It’s up about 40% in the past two weeks and may tack on another 20% tomorrow after beating Wall St earnings estimates after the bell today. It’s hard to believe this stock was just .33/share a year ago. The company reported its 2nd … Read the rest
Power-One (PWER) Breaks Out On Patent Licensing Deal, Dismissal Of Lawsuits
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 … Read the rest
Analyst Ratings On SPWRA, PWER, NLC, PNR, CCC, ERII
Several Analyst rating notes this morning. Hat tip to Street Insider for the analyst commentary.
Soleil Securities maintains Hold on SunPower (SPWRA) and has price target of $21. “Cutting 2010 estimate from $1.50 to $1.30 per share (consensus is $1.45 per share). Introducing below consensus estimate for 2011 ($1.65 per share vs. $2.07 consensus).”
Merriman Curhan Ford reiterates Buy rating on Power One (PWER). “Our recent meeting with senior management continues to reaffirm … Read the rest
Power One (PWER) Smashes Estimates, Posts First Quarterly Profit In History, Up 23% AH
There’s reason to celebrate if you’re an employee of Power One (PWER) and certainly if you’ve been a shareholder since September. The company reported its first quarterly profit in company history after the bell today. The anticipation of this day has certainly been building in this stock as it vaulted from about 1.20 in September, hitting a peak at nearly 5 bucks just three months later. It’s since given some of that back and trades … Read the rest