Needham & Company Gives Hold Rating to Power-One (PWER)

Power-One (NASDAQ: PWER)‘s stock had its “hold” rating reaffirmed by research analysts at Needham & Company in a report released on Friday.

Power-One traded down 3.05% on Friday, hitting $3.81. 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 $464.4 million and a price-to-earnings ratio of 5.76.

Power-One last posted its quarterly 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. Analysts expect that Power-One will post $0.11 EPS next quarter.

Separately, 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.

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.

May 7, 2012

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