Axiom Capital Research Comments On Power-One Full Year Guidance (PWER)

Axiom Capital Research provided color on Power-One PWER in a research report published today. Axiom Capital expressed its concern that Power-One will not be able to meet its full-year guidance for this year. In the report, Axiom Capital states, "While PWER recently adjusted its C1Q11 rev guidance lower to $240-$245M, vs. $260-$290M prior, the company, & more importantly the Street, did not adjust full-year numbers lower; with our more recent checks suggesting both inverter pricing & volumes are tracking sig. lower than expected, against a backdrop of larger than expected inverter inventory, we see risk to both PWER's CY11 guidance provided 2/3/11, as well as consensus C2Q11 ests." Axiom Capital currently has a Sell rating on Power-One. In yesterday's trading, Power-One lost 3.71% to end the day at 7.78.