On February 2nd, 2012 Power-One Inc. (Camarillo, California, U.S.) released financial results for its fourth quarter of 2011, reporting a 10% sequential increase in revenue from its Renewable Energy Solutions business to USD 191 million.

Overall, the company achieved USD 267 million in revenue, an operating margin of 18% and USD 32.4 million in net income during the quarter. Power-One also shipped 829 MW of inverters, bringing its 2011 total to 2.9 GW, a 12% increase over 2010.

“In 2011, Power-One again recorded over $1 billion in sales, highlighting our ability to execute and generate profits in difficult operating environments,” said Power-One CEO Richard Thompson. "Both business units performed well in the fourth quarter, as Power-One generated $48 million of operating cash flow in the quarter and finished the year with over $200 million in cash."

"Power-One continues to expand in high growth solar markets, such as India and the United States. As we move forward in 2012, look for Power-One to provide innovative new products to meet our customers’ demands for better yields, higher uptimes and greater control of their PV assets."

Inverter sales to North America, Asia-Pacific increase to 25% of revenues

Power-One notes that its Renewable Energy Solutions business has also diversified, with North America and the Asia-Pacific regions representing 25% of the business unit's revenue, as opposed to 17% in the third quarter of 2011.

The company also notes that a greater percentage of its 2011 inverter sales were for the utility-scale solutions, which it says reflects a trend of an increasing proportion of large-scale, ground-mounted plants in the global PV market.

2012-02-03| Courtesy: Power-One Inc. | solarserver.com © Heindl Server GmbH

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