Finally, Some Good News For Satcon (NASDAQ:SATC)
Modern Energy Roundup - March 6, 2012
By Jeff Siegel
Tuesday, March 6th, 2012
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.
Editor's Note: From solar and wind to geothermal and biofuels, Green Chip readers want to know which renewable energy resource will take over where fossil fuels leave off. The answer is...all of the above!
There is no one single solution to today's energy crisis. However, the combination of all viable renewable energy resources, coupled with energy efficiency, conservation and smart grid development will not only lead us to energy independence and a cleaner, more sustainable energy infrastructure — but also to what will soon prove to be the greatest investment opportunity of the 21st Century.
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