Power-One anticipates a fourth-quarter net loss of $12m-$15m, compared to a net income of $21m in the third quarter.
Based in California, but with the lion’s share of its manufacturing capacity in Italy, Power-One acknowledged that “softer-than-expected” market conditions in Italy and Germany dented its bottom line. Both markets have seen sharp reductions in their feed-in tariffs, and are also suffering from a difficult financing environment.
The
