Needham & Company Maintains a 'Hold' on Power-One (PWER);

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May 18, 2011 7:33 AM EDT
Get Alerts PWER Hot Sheet
Price: $41.99 +0.72%

Rating Summary:
    5 Buy, 7 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 24 | New: 9
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Needham & Company maintains a 'Hold' on Power-One (NASDAQ: PWER).

Needham analyst says, "Yesterday, PWER hosted a well attended Analyst Event in New York City. Overall, the company was upbeat about its growth prospect despite a challenging business environment. We believe the company has done a good job in diversifying its solar inverter business away from Italy. Additionally, the Power Solution business continues to improve. However, we anticipate more pressure on prices and margins in the coming quarters."

For more ratings news on Power-One click here and for the rating history of Power-One click here.

Shares of Power-One closed at $8.79 yesterday.

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