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Power-One Posts Strong First Quarter 2010 Results

52wk Range: 1.08 - 8.25
Volume: 15,358,737
Avg Vol (3m): 1,452,730

Technicals
Record Price High
Most Actives
Gap Up
Percentage Gainer

Last Price Quote is:
51.02%above 13-day MA
75.52%above 50-day MA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $493.10 
P/E Ratio: 181.99 
PEG Ratio: 1.03667 
Next Earnings: 07/15/2010
Last Analyst Rating: Buy

Below are the 6 month and 1 year charts.......

power with PWER...
updated chart look

Below the 1 year chart

buy the bounce short term....
power supplies, converters, inverters and power management worldwide in the renewable energy industries. Volume increasing and moneyflow improving.

52wk Range: 1.16 - 8.98
Volume: 442,589
Avg Vol (3m): 1,897,940


Technicals
Percentage Gainer

Last Price Quote is:
12.04%above 13-day MA
32.75%above 50-day MA
RS Rating: 97 

Fundamentals
Earnings Expected on Jul 15

Key Data:
Market Cap (M): $690.41 
P/E Ratio: 181.99 
PEG Ratio: 0.956667 
Next Earnings: 07/15/2010
Last Analyst Rating: Buy

Power-One, Inc. Achieves Number Two Position in Global...

CAMARILLO, Calif., Aug 19, 2010 (GlobeNewswire via COMTEX) -- Power-One, Inc. a leading provider of renewable energy and energy-efficient power conversion and power management solutions, announced today that it has become the second largest manufacturer, worldwide, of power inverters for the renewable energy industry.

According to independent figures released this week by IMS Research ( www.pvmarketresearch.com ), Power-One now claims 11% market share of the global Photovoltaic (PV) market. In less than two years, Power-One has jumped from ninth place in 2008 to second at the end of the second quarter of 2010. In the first six months of 2010, Power-One has shipped over 800 MW of inverters.

"Based on the accelerated worldwide demand for our products, we are excited to have achieved this key milestone so quickly," said Alex Levran, President, Renewable Energy Solutions at Power-One. "We have been working hard to expand capacity to serve our customers' needs, while at the same time providing industry-leading inverters that generate high yields."

Two major factors helped Power-One achieve this new position. First, the company has witnessed accelerated sales of its products, based on technology leadership, higher ROI, ease-of-use and a strong distribution and post-sales network. Second, Power-One has increased production capacity by modifying its existing facilities and streamlining operations, meeting increased worldwide demand for its inverters.

Through a number of initiatives, Power-One has expanded the output of its renewable energy facility in Italy to supply current and forecast demand. Today Power-One has the capacity to annually produce more than 2.5 GW of inverters and will achieve a run-rate of over 4.0 GW by the end of 2010. Further, based on forecasts for continued demand of both its solar and wind products, the company has undertaken initiatives to expand production in both Asia and North America.

Power-One offers a wide array of inverters, ranging from 1.6 kW to 2.5 MW. The inverters are sold to the residential, commercial and utility-grade markets in both solar and wind. In addition, Power-One plans to launch a number of new products this year and in 2011, including a 700kW and 1.4 MW liquid-cooled solar inverter, as well as inverters specific to the North American and Chinese markets that meet content and geographic requirements.

To learn more about Power-One and its products and services, please visit www.Power-One.com .

About Power-One

Power-One designs and manufactures energy-efficient power conversion and power management solutions, including inverters for alternative/renewable energy (solar and wind) and products for routers, data storage and servers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications. Power-One, with headquarters in Camarillo, California, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Power-One is a public company listed on NASDAQ under the ticker symbol PWER. For more information about the Company, please visit www.Power-One.com .

The Power-One, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7338

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Power-One, Inc.


CONTACT:  Power-One, Inc.
Kevin Trosian, Vice President, Finance
and Investor Relations
805-987-8741
[email protected]

Technical...

Power One has been in uptrend for more than a year,
and while the malaise of the market has slowed it down a bit,
it is still in an uptrend. and could see more.......

52wk Range: 1.19 - 13.04
Volume: 6,029,043
Avg Vol (3m): 3,280,530
Market Cap: 1.07B
P/E (ttm): 36.46
EPS (ttm): 0.28

Power-One Brings Best-in-Class Residential and Commercial...


LOS ANGELES, Oct 11, 2010 (GlobeNewswire via COMTEX) -- Power-One Inc (PWER), a leading provider of renewable energy and energy-efficient power conversion and power management solutions, will showcase a broad range of power inverter solutions for the residential and commercial markets at Solar Power International (SPI). These products represent the latest offering in Power-One's expanding line of best-in-class inverters already deployed worldwide and now available for the North American solar market.

In just two short years, Power-One has become the second-largest solar inverter manufacturer in the world. To date, Power-One has shipped more than 2 Gigawatts of inverters worldwide and its inverters have accumulated the equivalent of 500 million (full power) power-on hours. Now the company will apply its deep-field expertise to the growing market for renewable energy in North America.

Power-One is committed to expansion in this region as evidenced by its new manufacturing facility in Phoenix, which will bring more than 350 new jobs to the U.S. Additionally, Power-One announced its acquisition of the assets of San Jose-based Fat Spaniel Technologies Inc, a leading provider of lifecycle management software for renewable energy assets. The acquisition extends Power-One's performance and technology advantage with its award winning inverters, while providing its customers with a stronger feature-set, value creation and enhanced system control to manage renewable energy assets, including solar installations.

"Power-One has a long and distinguished pedigree in the power electronics business," said Richard Thompson, CEO of Power-One. "By leveraging our nearly 40-year history of technology innovation and expertise, we are squarely positioned to develop innovative solutions that generate greater yield for renewable energy production."

A broad range of Power-One's renowned Aurora products will be on display at SPI for the first time in North America. The Aurora product line is one of the most efficient, robust and technically advanced available today. Products on display include:


  --  PVI-3.8 and PVI-4.6 OUTD Isolated inverters -- Optimized for use in
      residential applications, these 3.8kW and 4.6kW isolated inverters are
      designed to serve all countries and regions with field-configurable
      set-ups available for all major country grid codes and display
      languages. Lightweight and compact, this rugged outdoor inverter is a
      completely sealed unit that can withstand the harshest environmental
      conditions. The wide input voltage range makes the PVI-3.8 and PVI-4.6
      OUTD Isolated inverters suitable for low-power installations with
      reduced string size.
  --  PVI-10.0 OUTD Isolated inverter -- Designed for commercial use, this
      10kW three-phase inverter is unique in its ability to control the
      performance of the PV panels, especially during varying weather
      conditions. The input voltage range makes the PVI-10.0 OUTD isolated
      inverter suitable for installations with reduced string size.
  --  PVI-250 and PVI-300 Central PV inverters -- Recently certified for sale
      and installation in the United States and Canada (see separate release),
      the PVI-250 and PVI-300 Central PV inverters, respectively 250kW and
      300kW, are commercial-grade inverters designed for large solar
      applications including apartment buildings and industrial facilities.
      These extremely scalable, multi MPPT, modular inverter systems increase
      useable power, improve availability and allow for cost-effective
      maintenance.
  --  PVI-Station inverter -- This turnkey solution is designed for customers
      with large-scale installations and allows users to select preferred
      inverters to be custom-fit into prefabricated, weather-sealed cabins for
      quick installation in the field. The PVI-Station inverter has a high
      power/low space ratio and its modular format, along with its easy-out
      rack system, allows for simple maintenance in all weather conditions.





Other Power-One solutions on display at SPI include the PVI-3.0, PVI-3.6 and PVI-4.2 string inverters, the PVI-5000 and PVI-6000 string inverters, the PVI-Stringcomb and Desktop Monitoring solutions.

SPI, North America's largest B2B solar event, takes place Oct. 12-14 at the Los Angeles Convention Center. Visit Power-One at booth #4326.

About Power-One

Power-One designs and manufactures energy-efficient power conversion and power management solutions, including inverters for alternative/renewable energy (solar and wind) and products for routers, data storage and servers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications. Power-One, with headquarters in Camarillo, California, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Power-One is a public company listed on NASDAQ under the ticker symbol PWER. For more information about the Company, please visit www.Power-One.com .

The Power-One, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7338

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Power-One, Inc.


CONTACT:  Edelman for Power-One
Lynsey Kehrli
650-762-2858
[email protected]
Power-One, Inc.
Kevin Trosian, Vice President, Finance and Investor Relations
805-987-8741
[email protected]

Power-One Sets Date for 2010 Third Quarter Conference...

CAMARILLO, Calif., Oct 11, 2010 (GlobeNewswire via COMTEX) -- In conjunction with Power-One, Inc.'s (PWER) 2010 third quarter financial results announcement, members of the public are invited to listen to the company's live quarterly conference call on the Internet on Thursday, October 28, 2010 at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The purpose of the conference call is to discuss the company's 2010 third quarter financial results. The conference call will feature Richard Thompson, Chief Executive Officer and Gary Larsen, Chief Financial Officer.

Financial results will be released over the newswires after the market closes on Thursday, October 28, 2010. The press release will also be posted on Power-One's corporate web site. Investors who would like to listen to the live conference call may go to the investor relations section at http://investor.power-one.com/events.cfm . An online re-broadcast of the call will also be available on the site.

Power-One's 2010 Third Quarter Conference Call Info


  Date:         Thursday, October 28, 2010

  Time:         2:00 PM Pacific Time / 5:00 PM Eastern Time;

  Access:       Available on the web at
                              www.power-one.com
                           




About Power-One

Power-One designs and manufactures energy-efficient power conversion and power management solutions, including inverters for alternative/renewable energy, such as wind and solar, and products for routers, data storage and servers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications. Power-One, with headquarters in Camarillo, California, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Power-One is a public company listed on NASDAQ under the ticker symbol PWER. For more information about the Company, please visit www.power-one.com .

The Power-One, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7338

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Power-One, Inc.


CONTACT:  Power-One, Inc.
Kevin Trosian, Vice President, Finance & Investor Relations
(805) 987-8741
[email protected]

PWER  Power-One Receives New Certification for the German... 

LOS ANGELES, Oct 13, 2010 (GlobeNewswire via COMTEX) -- Solar Power International, (South Hall G, Booth #4326) -- Power-One Inc. (PWER, Trade ), a leading provider of renewable energy and energy-efficient power conversion and power management solutions, has announced it has now received certification in accordance with the German Federal Association for Energy and Water (BDEW) technical directive 'Power Generation Equipment Connected to the Medium-Voltage Power Grid'.

The new products certified under the BDEW 2008 directive include Power-One's Aurora central inverters in the full range of 55kW, 110kW, 165kW, 220kW, 275kW and 330kW variations, both with and without low voltage transformer.

Power-One's Vice President Marketing Paolo Casini said, "We are very proud to receive this new certification for our range of central inverters in Germany. This new certification allows us to promote our Central inverter products with full functionalities to support and stabilize the grid providing the power plant behavior in areas densely populated with solar installations.

"Our PVI Central inverters feature market leading multiple MPPT tracking technology which enables the inverter to manage energy harvesting more effectively to allow for better performance.

"Germany is very important to Power-One and we are working very hard to maintain our prominent position in the market. With the addition of the full BDEW functionalities our inverters will now be able to contribute to an increased utilization of the PV systems in Germany."

This new directive from the Bundesverband der Energie- und Wasserwirtschaft (BDEW) is designed to ensure power inverters have the ability to offer static and dynamic support characteristics in connecting to the Medium Voltage Grid in Germany.

For more information on Power-One please visit www.power-one.com .

About Power-One

Power-One designs and manufactures energy-efficient power conversion and power management solutions, including inverters for alternative/renewable energy (solar and wind) and products for routers, data storage and servers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications. Power-One, with headquarters in Camarillo, California, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Power-One is a public company listed on NASDAQ under the ticker symbol PWER. For more information about the Company, please visit www.Power-One.com .

The Power-One, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7338

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Power-One, Inc.


CONTACT: Power-One, Inc.
For Press Enquiries please contact
Jason Nicholls, Global Marketing Communications Manager
+39 (320) 9011 578
[email protected]
For Investor Relations please contact
Kevin Trosian, Vice President, Finance and Investor Relations
+1 (805) 987-8741
[email protected]

PWER Power-One, Inc. Appoints Dick Swanson to Board of Directors 


CAMARILLO, Calif., Nov 2, 2010 (GlobeNewswire via COMTEX) -- Power-One, Inc. (PWER) today announced the appointment of Dr. Richard Swanson to its board of directors, effective October 29, 2010. Dr. Swanson was the founder and former President and CTO at SunPower Corporation (SPWR.A)(SPWR.B), a leading designer and manufacturer of solar technology, and currently holds the position of President Emeritus at the company.

Dr. Swanson received his Ph.D. in Electrical Engineering from Stanford University in 1974. In 1976, he joined the faculty at Stanford University where he and his group conceived and developed the point-contact solar cell. In 1991, Dr. Swanson resigned from his faculty position to devote full time to SunPower Corporation, which he founded to develop and commercialize cost-effective photovoltaic power systems. During his tenure, SunPower has become a vertically-integrated vendor of photovoltaic technology and has a pipeline of over 4 GW of solar projects.

"We are pleased to add Dr. Swanson to our board of directors," said Jay Walters, Chairman of Power-One. "We believe his background as one of the founders of the solar industry will provide a wealth of knowledge and experience to Power-One. We look forward to his contributions as a Director."

About Power-One

Power-One designs and manufactures energy-efficient power conversion and power management solutions for alternative/renewable energy, routers, data storage and servers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications. Power-One, with headquarters in Camarillo, California, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Power-One is a public company listed on NASDAQ under the ticker symbol PWER. For more information about the Company, please visit www.Power-One.com .

The Power-One, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7338

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Power-One, Inc.


CONTACT:  Power-One, Inc.
Kevin Trosian, Vice President, Finance & Investor Relations
(805) 987-8741

Potential short squeeze. (Long Recommendation)
Power-One - power conversion and power management for the renewable energy, comm, and other high tech markets.
Above the 50-day. Oversold. 40% short.
Potential short squeeze...

Day's Range: 10.15 - 10.82
52wk Range: 3.02 - 13.04
Volume: 8,370,005
Avg Vol (3m): 5,386,980
Market Cap: 1.12B
P/E (ttm): 14.63
EPS (ttm): 0.72
Div & Yield: N/A (N/A)

Technicals
Most Actives

Last Price Quote is:
1.08%above 13-day EMA
3.48%above 50-day EMA
RS Rating: 71 

PWER  Gov. Brewer, Mayor Gordon Celebrate Power-One's...  by GlobeNewswire  Jan 31 2011 11:00AM 

PHOENIX, Jan 31, 2011 (GlobeNewswire via COMTEX) -- Today Power-One, Inc. (PWER), the world's second-largest manufacturer of power inverters for the renewable energy industry, opened its first North American manufacturing facility in Phoenix that will eventually employ 350 people. Power-One's Phoenix facility will produce its industry-leading photovoltaic (PV) and wind inverters that convert renewable energy into a usable form of electricity for distribution on the utility grid.

The facility will reach a capacity of 1 gigawatt of product by the end of the year with available site capacity reaching 4 gigawatts, which would generate enough electricity to power up to two million homes. The inverters manufactured at this facility will be installed in residential, commercial and utility settings.

Governor Jan Brewer, Phoenix Mayor Phil Gordon, Arizona Commerce Authority President and CEO Don Cardon, Power-One President and CEO Richard Thompson, Greater Phoenix Economic Council President and CEO Barry Broome and other dignitaries signed the front panel of the first central inverter, a 100 kilowatt unit, assembled at the Phoenix facility.

"Power-One is excited to open its manufacturing and research and development center in Arizona, as we bring more jobs to the United States and establish our North American renewable energy footprint," Thompson said. "We view the opportunity to open new markets in the U.S. and abroad, as well as to introduce new technologies, as key drivers to our future success."

Power-One has shown significant growth in terms of revenue and market share in 2010, leaping to the number two global position for PV inverter sales in 2010. According to IMS Research, the global PV inverter market is expected to grow at compound annual rates of nearly 25 percent. IMS also adds that seven million inverters are expected to be sold in 2014 compared to less than one million in 2009.

"I have been consistently focused on ensuring Arizona is a magnet for business relocation, capital investment and a catalyst for the creation of new business and new jobs -- and with the work of my Arizona Commerce Authority, we're seeing tremendous results in the solar space," said Gov. Brewer, who presided over the grand opening ceremony. "Arizona now ranks number one in the nation for solar industry and manufacturing and we are the best in the nation when it comes to competing globally for solar energy companies that are relocating and expanding. I welcome Power-One and look forward to its partnership in growing this industry in our state."

Power-One will advance Arizona's growing solar industry, Cardon said.

"Arizona is proud that Power-One will now support their global customers and our local market with their new manufacturing facility in Phoenix," Cardon said. "Power-One is among the world's largest providers of renewable energy and 'green' power solutions. As we look to the future, the Arizona Commerce Authority will continue to cultivate such investments in the renewable energy sector to ensure job retention, creation and training in this growing industry. We're committed to supporting this sector because we know Arizona can become the solar capitol of the world and lead the nation as solar demand continues to grow globally and intensify nationally."

Power-One's 122,000 square-foot Phoenix facility, located at 3201 E. Harbour Dr., began operating in October and already employs 40 people.

"We are proud to welcome Power-One to our great city, and continue welcoming partners who are committed to a greener, more prosperous Phoenix," said Mayor Gordon. "The grand opening of this facility is another example of how Phoenix's economic recovery is quickly gaining momentum to turn 2011 into the year for job creation."

Power-One is already expanding Greater Phoenix's renewable energy supply chain. FAIST, a multinational United Kingdom-based company and a Power-One supplier, announced in December it will establish its first U.S. presence in Phoenix with FAIST GreenTek LLC to manufacture steel and metal structures and employ 100 to 150 people. GPEC assisted FAIST GreenTek and Power-One's move to Phoenix.

"Power-One is a global leader providing high-quality jobs. We are very excited about this dynamic company coming into the market," Broome said. "Greater Phoenix's renewable energy industry is in a very strong position and we expect to see continued growth of the supply chain in the coming year."

Power-One decided to move to Phoenix because of the region's strong workforce, access to intellectual resources at Arizona State University, and strong support from Gov. Brewer, the Arizona Commerce Authority, the City of Phoenix and GPEC.

"The renewable energy industrial cluster in Arizona is substantially stronger and more diverse with the arrival of Power-One. We look forward to a long and fruitful relationship with the Power-One team built on collaborative research and innovation in the years ahead," said Todd Hardy, ASU's associate vice president for economic affairs.

In recognition of the recent tragedy that occurred in Tucson, Power-One made a monetary donation to the Safeway Foundation that has been set up for the Tucson victims. The donation was made on behalf of U.S. Representative Gabrielle Giffords, the victims and their families.

About Power-One

Power-One designs and manufactures energy-efficient power conversion and power management solutions, including inverters for alternative/renewable energy (solar and wind) and products for routers, data storage and servers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications. Power-One, with headquarters in Camarillo, California, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Power-One is a public company listed on NASDAQ under the ticker symbol PWER. For more information about the Company, please visit www.Power-One.com .

The Power-One, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7338

About The Arizona Commerce Authority

The Arizona Commerce Authority is dedicated to creating quality jobs, encouraging the retention and expansion of business, and to advancing growth of the base industries critical to sustaining and progressing Arizona's economic future. The ACA plays a leading role in promoting promising industries that will advance Arizona's economy and global competitiveness in industries including solar, aerospace and defense, bioscience and technology. Learn more at www.azcommerce.com .

About the Greater Phoenix Economic Council (GPEC)

A true public/private partnership, GPEC is the regional economic development organization for Greater Phoenix. Working with its 19 member communities, Maricopa County and more than 140 private investors, GPEC attracts quality businesses to this dynamic region. By creating a high-performance economy through capital investments and jobs, Greater Phoenix companies enjoy a business climate where they can compete and thrive in today's global economy. Since 1989, GPEC has worked to achieve an economically sound and sustainable region. For more information, visit www.gpec.org .

This news release was distributed by GlobeNewswire, www.globenewswire.com

SOURCE: Power-One, Inc.


CONTACT: Media contact:
Power-One: Kimberly Kupiecki
952.303.4472, 650.533.4049(C)
Investor contact:
Power-One: Kevin Trosian
805.987.8741
ACA: Kimberly Gale
602.771.1261
GPEC: Rachael Myer
602.262.8625, 480.560.3255(C)

American Superconductor Gives Investors a Jolt..

Concerns about American Superconductor's (Nasdaq: AMSC) reliance on a single large customer turned out to be a little overblown in the fiscal third quarter as the company shocked investors with great results.

Sinovel continued to buy product, and as 2011 moves along more wind customers will start ramping up production, reducing reliance on the third-largest wind turbine manufacturer.

Revenue jumped 42% to $114.2 million, and both gross margin and operating margin increased to 40.7% and 18.8%, respectively. In the future, management is expecting operating margins to be above 20% on an ongoing basis.

As wind installations pick back up in China and worldwide, the company should ride the wave higher. The beauty of American Superconductor's business model is that it operates under long-term contracts with multiple manufacturers. It doesn't care which firm you choose for your wind project, as long as it has American Superconductor products in it. But as the company grows, wind manufacturers will play a decreasing role in future growth.

Growth beyond wind
Going forward, American Superconductor expects D-VAR and SolarTie to become a larger percent of revenue as wind and solar projects adopt these products. Inverter companies like American Superconductor, Satcon (Nasdaq: SATC) and Power-One (Nasdaq: PWER) are seeing high growth in this area. As innovation makes inverters more customized for renewable energy, sales should be driven even higher.

There are also superconductors -- which, considering the company's name, ironically haven't contributed very much to sales thus far. That should change as Amperium wire sales pick up and the Tres Amigas project to connect three U.S. electrical grids moves forward.

Big dreams becoming bigger
On the conference call, management couldn't push its goal of $1 billion of sales and 20%-plus operating margins in 2015 hard enough. The company may even be able to cut a year off that plan if superconductors and grid products are able to drive growth. To help investors sleep better at night, management expects Sinovel to be closer to 50% of sales by then, a far cry from 80% in the past.

I don't see any reason to be anything but bullish on American Superconductor's future. Sales are growing, margins are up, and new innovative products are just starting to hit the market. The stock may be lagging, but with performance like this it won't be for long.

Small-Cap Stock on Fire...
outstanding growth in a sector that is heating up

Power-One - power conversion and power management for the renewable energy, comm, and other high tech markets. 40% short - potential short squeeze.
Back above the 50-day. Oversold.

Day's Range: 11.38 - 12.14
52wk Range: 3.02 - 13.04
Volume: 14,081,595
Avg Vol (3m): 5,062,430
Market Cap: 1.26B
P/E (ttm): 16.38
EPS (ttm): 0.72
Div & Yield: N/A (N/A)

Technicals
Close Above the 13-day EMA
Close Above the 50-day EMA
Most Actives

RS Rating: 54 

Below are the 6 month and 1 year charts...

Power-One Making Quiet but Big Gains in Inverter Market...

Power-One (PWER) is the quiet runner-up in the global photovoltaic inverter market. The firm's bread and butter is the small commercial sector with installation sizes in the 10 kilowatt to 50 kilowatt range, although it looks to be moving to larger-scale sizes.

SMA is the elephant in the inverter market with a more than 40 percent market share. But it's a big and fast growing market and there's still room for competitors to maneuver -- as evidenced by Power-One's rapid rise from ninth place to second place in the market in just two years. GTM Research sizes the 2010 global PV inverter market as $5.3 billion and the 2011 market in the $5.6 billion to $6 billion range.

The firm has gone from just 200 megawatts of shipments to more than 1.6 gigawatts and an 11 percent market share in two years. This growth has come from a focus on the European and, more specifically, the Italian market, with an estimated 40 percent to 50 percent market share in Italy.

That leaves the firm overexposed to drastic shifts in the Italian subsidy and feed-in tariff structure, so Power-One seems to be making a strategic move towards the U.S. market with its expectations of rapid growth. The California-based firm is returning to the U.S. and opening up shop in a big way in Arizona.

I spoke with Dr. Alex Levran, president, Renewable Energy Solutions at Power-One. He added that the firm has also made strong gains in market share in Germany as well as in shipping worldwide to Korea, China and Taiwan. Power-One also has local manufacturing in Ontario to take advantage of that country's Feed-in Tariff.

Levran said that Power-One's "CEC efficiency levels are still the best in the industry."

One important topic we've focused on at Greentech Media is the integration of solar with the smart grid. Levran spoke of a law now on Germany's books that addresses "smart grid connectivity." With Germany obtaining an increasing amount of power from variable sources like solar -- the smart grid connectivity ruling insists that inverters and PV installs allow utility control of low-voltage ride-through as well as real and reactive power. All Power-One inverters will have this capability by April of this year according to Levran.

This morning, Power-One held a ribbon-cutting for a manufacturing facility in Phoenix, Arizona that will potentially create over 350 jobs. The grand opening was attended by the usual political suspects -- Arizona Governor Jan Brewer, Phoenix Mayor Phil Gordon, Arizona Commerce Authority and the Greater Phoenix Economic Council. Power-One's Phoenix facility will produce photovoltaic and wind inverters, with expectations of the manufacturing site reaching an annual inverter production capacity of 1.0 gigawatt by mid-2011.

The firm recently added Dick Swanson, the founder of SunPower (SPWRA), to its board of directors and also acquired the assets of solar monitoring startup, Fat Spaniel.


Mark W. Bachman of Auriga USA, an equity research firm, rates the stock as a "Buy," but has concerns over the effect of expansion plans on near-term product margins and longer-term opex. Bachman referred to Power-One as "one of the few U.S.-based renewable names left with real and growing cash flow." Power-One has a market cap of $1.1 billion.

With lower capex and energy cost, it would seem a bit easier to keep inverter manufacturing in the U.S. compared to PV panel production.

Power-One Sets Date for 2010 Fourth Quarter Earnings Release
Power-One Invites Public to Listen to Conference Call on the Web

Press Release Source: Power-One, Inc. On Thursday January 20, 2011, 8:00 am EST

CAMARILLO, Calif., Jan. 20, 2011 (GLOBE NEWSWIRE) -- In conjunction with Power-One, Inc.'s (Nasdaq:PWER - News) 2010 fourth quarter financial results announcement, members of the public are invited to listen to the company's live quarterly conference call on the internet on Thursday, February 3, 2011 at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The purpose of the conference call is to discuss the company's 2010 fourth quarter financial results. The conference call will feature Richard Thompson, Chief Executive Officer and Gary Larsen, Chief Financial Officer.



Financial results will be released over the newswires after the market closes on Thursday, February 3, 2011. The press release will also be posted on Power-One's corporate web site. Investors who would like to listen to the live conference call may go to the investor relations section at http://investor.power-one.com/events.cfm. An online re-broadcast of the call will also be available on the site.


Power-One's 2010 Fourth Quarter Conference Call Info



Date: Thursday, February 3, 2011



Time: 2:00 PM Pacific Time / 5:00 PM Eastern Time; 



Access:  Available on the web at www.power-one.com



About Power-One



Power-One designs and manufactures energy-efficient power conversion and power management solutions, including inverters for alternative/renewable energy, such as wind and solar, and products for routers, data storage and servers, wireless communications, optical networking, semiconductor test equipment, industrial markets and custom applications. Power-One, with headquarters in Camarillo, California, has global sales offices, manufacturing, and R&D operations in Asia, Europe, and the Americas. Power-One is a public company listed on NASDAQ under the ticker symbol PWER. For more information about the Company, please visit www.power-one.com.



The Power-One, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7338


Contact:
For Investors:Kevin TrosianVice President, Finance & Investor Relations(805) 987-8741For Press:Edelman for Power-OneJon MurchinsonPhone: 415-486-3274