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SATC Satcon Technology Corp. (MM)

0.4275
0.00 (0.00%)
05 Jul 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

U.S. Once Again Global Leader in Clean Energy Investment Yet Industry Struggles Mightily

18/04/2012 1:20pm

Marketwired


Satcon Technology Corp. (MM) (NASDAQ:SATC)
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The U.S. is once again the global leader in private financing and investment in clean energy according to a recent report released by Pew Charitable Trusts. In 2011, the U.S. attracted $48 billion in clean energy investment. Despite large investment in the industry, clean energy stocks in the U.S. have plummeted. The PowerShares WilderHill Clean Energy ETF (PBW) is down more than 47% over the last year. Five Star Equities examines the outlook for companies in the Alternative Energy Sector and provides equity research on Power One Inc. (NASDAQ: PWER) and SatCon Technology Corp. (NASDAQ: SATC).

Access to the full company reports can be found at:

www.FiveStarEquities.com/PWER

www.FiveStarEquities.com/SATC

"In 2011, the global clean energy sector grew again, the U.S. reclaimed its lead as the top destination for private investment, and consumers reaped the rewards of significantly reduced prices for clean energy technologies, such as solar panels, which are now nearly 50 percent cheaper than a year ago," said Phyllis Cuttino, director of Pew's Clean Energy Program. "And yet, the yo-yo effect of U.S. clean energy policy hurts the ability of the United States to consistently compete and turn U.S.-led innovation into manufacturing, deployment, and export opportunities. Creative, stable and transparent policies remain a critical signal to private investors."

Five Star Equities releases regular market updates on the Alternative Energy 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.FiveStarEquities.com and get exclusive access to our numerous stock reports and industry newsletters.

In conjunction with Power-One, Inc.'s 2012 first quarter financial results announcement, members of the public are invited to listen to the company's live quarterly conference call on the internet on Thursday, May 3, 2012 at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time. The purpose of the conference call is to discuss the company's 2012 first quarter financial results. The conference call will feature Richard Thompson, Chief Executive Officer and Gary Larsen, Chief Financial Officer.

Satcon Technology Corp. recently provided a business update and certain preliminary unaudited financial results for its first quarter ended March 31, 2012. Based on preliminary financial data and subject to the final closing of the company's books, Satcon expects first-quarter 2012 revenue will be between $22 million and $25 million, in line with its previously announced guidance of $22 million to $28 million. Bookings for the first quarter were approximately $45 million, an increase of approximately 130% from the fourth quarter of 2011 and 27% from the first quarter of 2011.

Five Star Equities provides Market Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. Five Star Equities has not been compensated by any of the above-mentioned companies. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at: www.FiveStarEquities.com/disclaimer

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1 Year Satcon Technology Corp. (MM) Chart

1 Year Satcon Technology Corp. (MM) Chart

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