Finally, Some Good News For Satcon (NASDAQ:SATC)
Modern Energy Roundup - March 6, 2012
Written by Green Chip Stocks
Posted March 6, 2012 at 2:26PM
Here's this morning's Modern Energy Roundup. . .
- Satcon Technology Corporation (NASDAQ:SATC) announced today that it has been selected by Unity Electric to supply 16 megawatts of its PowerGate Plus solutions to power a utility-scale solar plant in New Jersey. Certainly Satcon could use a bit of good news these days. The stock has fallen nearly 90 percent over the past year. And with continued headwinds in the solar space, Satcon has a long uphill battle ahead. I do think that increased exposure to Asia could help the company climb out of this mess, but it won't happen overnight. That being said, I don't believe the stock should be valued at less than $0.45 either. Could offer a quick trading opportunity for those who have the stones for this kind of risk. Particularly with how the broader market is looking this morning. Lots of uncertainty before the bell.