NEW YORK (
) hit a new 52-week low Monday as it is currently trading at $1.36, below its previous 52-week low of $1.47 with 296,716 shares traded as of 9:56 a.m. ET. Average volume has been 2.8 million shares over the past 30 days.
SatCon Technology has a market cap of $178.6 million and is part of the
industry. Shares are down 65.6% year to date as of the close of trading on Friday.
Satcon Technology Corporation provides utility-grade power conversion solutions and system design services for the renewable energy sector, primarily for large-scale commercial and utility-scale solar photovoltaic (PV) markets.
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TheStreet Ratings rates SatCon Technology as a
. 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, poor profit margins and a generally disappointing performance in the stock itself. You can view the full
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