NEW YORK (

TheStreet

) --

SatCon Technology Corporation

(Nasdaq:

SATC

) hit a new 52-week low Friday as it is currently trading at $2.22, below its previous 52-week high of $5.51 with 1.4 million shares traded as of 1:58 p.m. ET. Average volume has been three million shares over the past 30 days.

SatCon Technology has a market cap of $273.8 million and is part of the

technology

sector and

electronics

industry. Shares are down 48.9% year to date as of the close of trading on Thursday.

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.

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TheStreet Ratings rates SatCon Technology as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins. You can view the full

SatCon Technology Ratings Report

.

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