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

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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. 

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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.

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