No. of Recommendations: 1
Down 8% or so, with no company-specific news out.

After digging around a bit (Google Finance seems to be better at picking up some news than Yahoo!), it seems that Satcon Technology, a rival inverter maker, filed for bankruptcy last night and when the news broke around lunch time, Power-One's stock price dropped. http://247wallst.com/2012/10/18/another-solar-company-bites-... Probably from the belief that if one inverter maker cannot make it, others cannot as well. Strange thing, though. Enphase (another competitor, ENPH) isn't down at all. Given that it raised Q3 revenue guidance last July, I really don't think that bankruptcy is in Power-One's future.

Power-One reports earnings next Thursday, Oct 25, after the market closes.

Cheers,
Jim
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement