Power-One, Inc. (PWER)

[stocktrader001]

$PWER 9.20$ Jefferies is out with its report on Power-One (NASDAQ: PWER), initiating PWER at Buy.

In a note to clients, Jefferies writes, "We initiate coverage of Power-One with a Buy rating and $12 PT. We introduce our modestly below-consensus FY11 revenue/GAAP EPS estimates of $1.2B/$1.05 and FY12 estimates of $1.3B/$1.21. We believe large scale inverters will drive PWER growth in Europe, Asia, and NA. Buy especially on weakness; volatility will ensue until the company can confirm a resumption of its sequential growth. The stock will remain under pressure until it can guide to growth."

At the time of posting, shares of PWER were trading at $9.20, up 1.88% from Thursday's close.

http://www.benzinga.com/analyst-ratings/analyst-color/11/02/873317/update-jefferies-initiates-power-one-at-buy-pwer