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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Satcon Technology Corp. (MM) | NASDAQ:SATC | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.4275 | 0 | 01:00:00 |
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www.paragonreport.com/SATC
SatCon Technology Corporation designs, develops, and manufactures electronics products and a variety of standard and custom electric motors to suit specific applications, for businesses and consumers. SatCon also develops flywheel energy storage devices, and integrated suspension and motor system that convert, condition, store and manage uninterruptible power. Shares of the company have been on the downswing since it forecast fourth-quarter revenue to be in the range of $37 million to $42 million, as "a slowdown in worldwide demand for solar has caused 2011 to perform below expectations."
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Shares of American Superconductor have been relatively flat since the company reported a fiscal second quarter net loss of $1.02 per share. In the wind power market, American Superconductor enables manufacturers to field wind turbines through its advanced engineering, support services and power electronics products.
American Superconductor's quarterly revenue slid more than 70 percent year on year primarily due to lack of revenue from the company's former customer, Sinovel Wind Group Co., Ltd. American Superconductor says it is looking to recover over $1.2 billion from Sinovel for breach of contract and damages.
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1 Year Satcon Technology Corp. (MM) Chart |
1 Month Satcon Technology Corp. (MM) Chart |
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