Power-One, Inc. (PWER)

[boundas]

PWER has an italian subsidiary wich provide the european market.

And what i understand is the Q1 has been revised due to bad wether in Europe this winter

S&P LOWERS RECOMMENDATION ON SHARES OF POWER-ONE TO HOLD FROM BUY

PWER reports Q4 EPS of $0.49, vs. $0.08, ahead of our $0.43 forecast. Sales into the renewable energy market increased nearly four-fold and margins remained strong. However, we expect much slower growth in 2011 as excess inventories in the solar inverter market are likely to lead to lower prices and uncertain demand trends in Europe, especially early in the year. We are reducing our 2011 EPS estimate to $1.25 from $1.40, and our 12-month target price falls to $11 from $14 based on a higher discount rate and lower cash flows in our discounted cash flow model.