PWER Jumps On Solid Growth In Renewable Energy
ThermoGenesis Corp. (NASDAQ:KOOL) advanced 19.61% up to $0.61 on news the company has signed a distribution deal with GE Healthcare, in which GE Healthcare will fund marketing support and market research for ThermoGenesis’ AXP AutoXpress System for processing cord blood stem cells. Based in Rancho Cordova, California, ThermoGenes Corp is a medical technology company making proprietary tools and technologies for the recovery, separation, storage, and delivery of stem cells, including cord blood, bone marrow, adipose, and placenta for researchers, hospitals, physicians, blood banks and stem cell reserves.
Power-One, Inc. (NASDAQ:PWER) jumped 17.42% up to $3.64 on news late yesterday the company announced Q4 financial results. The company reported net sales of $142 million for the fourth quarter ended January 3rd, an increase of 9% compared to the fourth quarter of the previous year. The company also noted strong growth in its renewable energy product line, and recorded revenue of $68 million in revenue for the fourth quarter 2009 for the segment, a 279% increase from the fourth quarter 2008 and a 119% sales increase from $31 million in the previous quarter. Based in Camarillo, California, Power-One, Inc. designs, develops, manufactures, and markets power conversion and power management products for the communications infrastructure and other high technology markets, as well as for the renewable energy markets.
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