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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

Volatility in Solar Sector Weighs on Shares of SatCon and Power-One

22/03/2011 11:35am

Marketwired


Satcon Technology Corp. (MM) (NASDAQ:SATC)
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Alternative or renewable energies are fuel sources other than those derived from fossil fuels and are typically not as harmful to the environment. These days fossil fuels are losing favor, with renewable energy on its way in. By 2011, investors have begun looking across the whole spectrum of renewable energy such as biofuels, solar, wind and geothermal energy. Indeed, more of both public and private investments are being made to make renewable energy affordable and reliable, creating a lot of incentive, but also clouding the competitive landscape for these industries. The Bedford Report examines investing opportunities in Alternative Energy and provides research reports on SatCon Technology Corporation (NASDAQ: SATC) and Power-One, Inc. (NASDAQ: PWER). Access to the full company reports can be found at:

www.bedfordreport.com/2011-03-SATC

www.bedfordreport.com/2011-03-PWER

Power-One designs, manufactures and sells a wide range of inverters which are used in solar power systems. Since last November solar stocks have been in a relative tailspin as reports signaled declines in government subsidy support from European nations such as Germany and Italy. Solar bulls argue that smaller solar markets -- such as the US -- will help offset declines in consumption from key European markets, however. Power-One also manufactures wind inverters that convert direct-current harvested from wind farms into alternating current.

Power-One recently said its fourth quarter revenues jumped 157% year-over-year to $366 million with renewable energy leading the way. Inverters were responsible for 72% of fourth-quarter revenues and 68% for all of 2010.

The Bedford Report releases regular market updates on the Alternative 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.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.

SatCon is another inverter maker for solar equipment. Last month shares of the company fell significantly after it issued a weaker-than-expected forecast for the current quarter. In the fourth quarter SatCon said that it lost $3.2 million, or 3 cents per share. That compares with a year-earlier loss of $7.5 million, or 11 cents per share. In a conference call late Tuesday, President and CEO Steve Rhoades said that the company's gross margins were at the lower end of its expected range because of supply chain issues that caused its costs to rise.

The Bedford Report provides Analyst 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. The Bedford Report 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: http://www.bedfordreport.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