Satcon Technology (SATC) reported a Q2 loss of $0.12, vs the analyst estimate of ($0.05) after the bell today. Revenue for the quarter was $27.6 million, vs the estimate of $26.8 million. That’s a record revenue number for the company, but it didn’t translate into profits. The company doesn’t expect profitability until 2011, but is rapidly moving there.
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Traders appear to be looking to the … Read the rest
GCL Solar Limited has just ordered 150 MW worth of 500kW solar PV inverters from Satcon Technology, according to a company announcement from Satcon. Satcon is scheduled to deliver the inverters in April through October of this year.
The two companies established a partnership in 2009 and have worked together on projects including China’s largest rooftop (MW) and largest ground-mounted (20MW) installations.
In a , Steve Rhoades, Satcon’s President and Chief Executive Officer, commented on … Read the rest
Satcon Technology (SATC) is on a roll. A few weeks ago the company announced its largest order to date to a European company and today it’s topping that with a 38MW order for its solar PV inverters from one of China’s largest utility solar plant developers, GCL Solar. This is a follow on order following a previously announced 23MW order from GCL. The PowerGate Plus 500kW inverters will be installed at three solar plants
Satcon … Read the rest
Canadian Solar just announced that it has signed an agreement with Satcon, the utility scale power solutions provider. As part of the turnkey solution distribution agreement between the two companies, they will be bundling Canadian Solar’s commercial solar PV systems with Satcon’s commercial solar PV inverters and marketing them together.
This should benefit customers by making it easier for them to design and install a solar power system that meets their needs. It also meets … Read the rest
Satcon (SATC), a leading provider of distributed power solutions is announcing today that it has installed four 250 kW PowerGate Plus inverters at the Orange County Convention Center in Florida for its 1.1 MW rooftop solar installation, the largest in the southeast United States. The solar installation was designed and built by Johnson Controls (JCI) and is expected to deliver over 1.1 kW hours in the first year while displaying the solar information inside the … Read the rest