NEW YORK (
SatCon Technology Corporation
) is trading at unusually high volume Wednesday with 10.2 million shares changing hands. It is currently at four times its average daily volume and trading up 30 cents (+9.2%) at $3.56 as of 3:57 p.m. ET.
SatCon Technology has a market cap of $425.1 million and is part of the
industry. Shares are down 27.6% year to date as of the close of trading on Tuesday.
Satcon Technology Corporation provides a suite of utility grade power conversion solutions and services for commercial and utility scale renewable energy installations and distributed energy markets in the United States and internationally.
TheStreet Ratings rates SatCon Technology as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full
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