Jefferies Group Reaffirms Buy Rating on Power-One (PWER)
A number of other firms have also recently commented on PWER. Analysts at Needham & Company reiterated a “hold” rating on shares of Power-One in a research note to investors on Friday. Analysts at Bank of America (NYSE: BAC) initiated coverage on shares of Power-One in a research note to investors on Thursday, April 19th. They set an “underperform” rating on the stock.
Shares of Power-One opened at 3.93 on Friday. Power-One has a 52 week low of $3.68 and a 52 week high of $9.15. The company has a market cap of $479.0 million and a P/E ratio of 5.76.
Power-One last announced its earnings results on Thursday, May 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.06. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. On average, analysts predict that Power-One will post $0.11 earnings per share next quarter.
Power-One, Inc. (Power-One) is a designer and manufacturer of energy-efficient power conversion and power management solutions for renewable/alternative energy, routers, data storage, servers and data centers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications.