Shares of Power-One (PWER), a Camarillo, California-based provider of “renewable energy and energy-efficient power conversion and power management solutions,” are sharply higher on better-than-expected Q1 results.
The company late yesterday posted Q1 revenue of $152.4 million and profits of 4 cents a share, ahead of the Street at $141 million and a penny a share.
PWER said that “consistent with prior quarters,” it isn’t giving any guidance.
That’s not bothering the stock though: PWER is up $1.54, or 26.7%, to $7.30.
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