Investorideas.com  big ideas for global investors Search www.investorideas.com
   Members       Sign-up       Newsfeeds        Companies        Stock Directories       Research       Video       Funding   




Renewable Energy Stock Alert: Power-One, Inc. (NASDAQ:PWER) Soars on Buyout at $6.35 per share

"Solar PV is becoming a major force reshaping the future energy mix because it is rapidly closing in on grid parity," ABB's CEO, Joe Hogan

Point Roberts, WA - April 22, 2013 (Investorideas.com renewable energy newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in investing ideas in leading sectors issues a cleantech investor trading alert for Power-One, Inc. (NASDAQ:PWER), trading up over 57% following news of a buyout at $6.35 a share. The stock has traded over 75 million shares at the time of this report.

ABB (ABB), the leading power and automation technology group, and Power-One, Inc. (PWER), a leading provider of renewable energy and of energy-efficient power conversion and power management solutions, today announced that their boards of directors have agreed to a transaction in which ABB will acquire Power-One for $6.35 per share in cash or $1,028 million equity value.

The transaction would position ABB as a leading global supplier of solar inverters -- the "intelligence" behind a solar PV system -- to a market forecasted by the International Energy Agency to grow by more than 10 percent per year until 2021. This rapid growth is being driven by rising energy demand, especially in emerging markets, rising electricity prices and declining costs.

"Solar PV is becoming a major force reshaping the future energy mix because it is rapidly closing in on grid parity," said ABB's CEO, Joe Hogan. "Power-One is a well-managed company and is highly regarded as a technology innovator focusing on the most attractive and intelligent solar PV product. The combination of Power-One and ABB is fully in line with our 2015 strategy and would create a global player with the scale to compete successfully and create value for customers, employees and shareholders."

Investorideas.com Newswire

Investors can research more cleantech and green stocks with Investorideas.com stock directories

About InvestorIdeas.com: Investor Ideas for global investors; invest in what you like!

www.InvestorIdeas.com is a meeting place for investors and public companies in leading sectors. Find investing ideas in biotech stocks, tech and mobile stocks, mining stocks, oil and gas, water stocks, renewable energy, beverage stocks, defense stocks, nanotech and more on TSX, OTC, NASDAQ and global exchanges.

The Investor Ideas newswire is a news source on Google news, Google Currents and Linkedin.com/Today news. Investorideas.com newswire is now available as a free mobile app for iPhone orAndroid. Go here or here for link

Follow Investorideas.com on Twitter

Follow Investorideas.com on Facebook

Follow Investorideas.com News on Linkedin.com/today

Sign up for free stock alerts at Investorideas.com

Become an Investorideas.com Member and access our online stock directories listing thousands of publicly traded stocks in over 14 leading sectors

Disclaimer/ Disclosure : The Investorideas.com is a third party publisher of news and research Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products

or securities. http://www.investorideas.com/About/Disclaimer.asp

his site is currently compensated by featured companies, news submissions and online advertising.

BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894

800-665-0411 - Source - www.Investorideas.com





Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner

TOP

Investor Ideas © 2000 - 2015 InvestorIdeas.com®, ECON

 

login | logout | about us | contact | disclaimer / disclosure |
partners / links | job search | privacy policy |
advertise | trade | sitemap |