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Power-One (PWER +5.1%) blows off a reduction in its Q3 guidance and a ratings downgrade at...
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Wednesday, October 12, 2011, 11:45 AM ETPower-One (PWER +5.1%) blows off a reduction in its Q3 guidance and a ratings downgrade at Northland Securities to trade higher this morning. The stock had been -8% in pre-market trading after lowering its revenue outlook for Q3 on slowing global demand, but the shares appear to have reached a point of selling exhaustion since hitting a new 52-week low last week.
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