Power-One (PWER +5.1%) blows off a reduction in its Q3 guidance and a ratings downgrade at...

|About: Power - One, Inc. (PWER)|By:, SA News Editor

Power-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.