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SATC Satcon Technology Corp. (MM)

0.4275
0.00 (0.00%)
27 Jun 2024 - Closed
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

Investment in Clean Energy Projects Could Fall for the First Time in Eight Years

11/10/2012 1:20pm

Marketwired


Satcon Technology Corp. (MM) (NASDAQ:SATC)
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From Jun 2019 to Jun 2024

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Recent data from Bloomberg New Energy Finance (BNEF) has showed that investment in clean energy projects may fall for the first time in eight years as the industry continues to struggle with excess capacity. The PowerShares Wilderhill Clean Energy Portfolio (PBW) -- which is designed to deliver capital appreciation through the selection of companies that focus on greener and generally renewable sources of energy and technologies that facilitate cleaner energy -- has fallen over 20 percent year-to-date. The Paragon Report examines investing opportunities in the Renewable Energy Industry and provides equity research on FuelCell Energy, Inc. (NASDAQ: FCEL) and SatCon Technology Corporation (NASDAQ: SATC).

Access to the full company reports can be found at:

www.ParagonReport.com/FCEL

www.ParagonReport.com/SATC

According to BNEF investment in renewable energy during the third quarter fell by 20 percent, when compared to a year ago, led by a decline in wind farm financing. Investment by the U.S. in the third quarter totaled $7.3 billion, a 28 percent sequential decline, and a 62 percent decline year-over-year.

"The location of some of the biggest projects financed in quarter three this year highlight the geographical shift that is taking place in clean energy, with established markets such as the U.S., Europe and China losing momentum while newer markets in South America, Asia and Africa pick up steam," said Michael Liebreich, CEO of New Energy Finance.

Paragon Report releases regular market updates on the Renewable Energy Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.ParagonReport.com and get exclusive access to our numerous stock reports and industry newsletters.

FuelCell Energy manufactures ultra-clean stationary fuel cell power plants that generate electricity with up to twice the efficiency of conventional fossil fuel plants -- and with virtually no air pollution. The company was recently awarded a $6.0 million contract from the U.S. Department of Energy to continue development of stationary solid oxide fuel cell power plants.

Satcon Technology is a leading provider of utility-grade power conversion solutions for the renewable energy market, enabling the industry's most advanced, reliable, and proven clean energy alternatives. For more than 10 years, Satcon has designed and delivered advanced power conversion products that enable large-scale producers of renewable energy to convert the clean energy they produce into grid-connected efficient and reliable power.

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