May 3, the world's leading renewable energy, efficient energy conversion and power management solutions provider Power-One announced the 2012 First Quarterly Report. Data show that the company posted net revenues of $ 226 million, net income of $ 5,000,000, $ 0.03 per share.

     Power-One CEO Richard Thompson said: "The first quarter of 2012, Power-One's performance than expected, mainly due to the European residential and commercial PV inverters in high demand and we expect this trend to continue into the first the second quarter, as customers want to have announced or implemented subsidy cuts will be completed before the date of construction projects.

"Thompson added:" In addition to rising demand in the European market, the new three-phase photovoltaic inverter we also have a good effective, especially in the Nordic region. In addition, the market for our liquid-cooled ULTRA central inverter is very interested in the inverter which has a large EPC projects in the three experiments were carried out in 2012 and will begin volume shipments in the second half. "

     First quarter of 2012, renewable energy solutions business grew more than expected market demand in Europe and continues to expand into new markets such as the United States and Asia. Inverters and related products revenue $ 149 million, operating margin of 13%. Inverter  http://www.gridtiepowerinverteronline.com/ shipments 672MW, an increase of 10%.

     Power Solutions revenues $ 77 million, operating profit margin of 9%. Thanks to continued improvement in the industrial sector, power solutions business revenue growth. Power solutions business for six consecutive quarters of operating profit.

     Affected by the recent strong demand for PV market impact, Power-One 2012 second quarter revenue is expected to be between 240 million to 260 million U.S. dollars, growth of 6% -15%. Market research firm IHS iSuppli released inverter tracking reports show, Power-One to around 12% market share, ranking second only to Germany, SMA Solar Technology.