NEW YORK (

TheStreet

) --

SatCon Technology Corporation

(Nasdaq:

SATC

) hit a new 52-week low Thursday as it is currently trading at $1.04, below its previous 52-week low of $1.05 with 618,102 shares traded as of 10:38 a.m. ET. Average volume has been 2.8 million shares over the past 30 days.

SatCon Technology has a market cap of $134.8 million and is part of the

technology

sector and

electronics

industry. Shares are down 75.3% year to date as of the close of trading on Wednesday.

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

sell

. The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow, poor profit margins and generally disappointing historical performance in the stock itself. You can view the full

SatCon Technology Ratings Report

.

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