Power-One to invest $10 million in Arizon Manufacturing/R&D Facility (PWER)
The stock is up 2.7% at $11.43.
From the Arizona Republic:
Camarillo, Calif.-based Power-One Inc., listed on the Nasdaq exchange, said it will invest more than $10 million converting a vacant south Phoenix building into a manufacturing and research facility.
The company has been making a name for itself in renewable energy.
It is expected to create 350 new Phoenix jobs by mid-2011 with an average salary of $50,000 annually.
It makes inverters that convert raw electricity from solar and wind-energy projects to current that household appliances can use. ...MORE