Satcon Technology (SATC) Lands 40MW Deal With Q-Cells

Posted by Tate Dwinnell | # |
09:07:40 pm on October 5, 2011

The good news out of the green energy space has been few and far in between for many months now, but today Satcon Technology (SATC) which is a leader in utility scale solar power conversion solutions, was selected by Q-Cells North America to supply 40MW of their Prism Platform solution for the big Starwood project in Ontario. 

===> Click Here For Your FREE Daily Satcon Analysis

The company needed some good news.  That stock has been in a vicious slide since the beginning of the year dropping from a peak above 5.50 to below the buck level.  The stock has begun to stabilize though around that buck level and may be carving out a little double bottom base down here.  However, while this is still a company with promise and one that is expected to turn a profit in 2012, the downtrend remains firmly in place and the stock should continue to be avoided.

Tags: ?Satcon Technology, satc If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.

Comments