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SATC Satcon Technology Corp. (MM)

0.4275
0.00 (0.00%)
Pre Market
Last Updated: 01:00:00
Delayed by 15 minutes
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

American Superconductor and SatCon Technology Start to Shift Focus

06/12/2011 1:16pm

Marketwired


Satcon Technology Corp. (MM) (NASDAQ:SATC)
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Clean energy stocks have struggled immensely in 2011 as the Eurozone debt crisis has crimped financing for several renewable energy firms. Several growth markets could drive clean energy going forward, however. Ernst & Young argues that the balance of power is shifting from Western Europe and the US, to Eastern Europe, the Middle East, North Africa, South East Asia and Latin America.The Paragon Report examines investing opportunities in the Alternative Energy Sector and provides equity research on American Superconductor Corporation (NASDAQ: AMSC) and SatCon Technology Corporation (NASDAQ: SATC). Access to the full company reports can be found at:

www.paragonreport.com/AMSC

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."

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the Alternative Energy sector register with us free at www.paragonreport.com and get exclusive access to our numerous stock reports and industry newsletters

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.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.paragonreport.com/disclaimer

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1 Year Satcon Technology Corp. (MM) Chart

1 Year Satcon Technology Corp. (MM) Chart

1 Month Satcon Technology Corp. (MM) Chart

1 Month Satcon Technology Corp. (MM) Chart