NEW YORK (

TheStreet

) -- Shares of

SatCon Technology Corporation

(Nasdaq:

SATC

) have taken a tremendous swing upward. The stock is trading at $2.78 as of 10:27 a.m. ET, 21.4% above Tuesday's closing price of $2.29. Volume is at 2.5 million, 0.6 times the daily average of 3.8 million.

SatCon Technology has a market cap of $297.6 million and is part of the

technology

sector and

electronics

industry. Shares are down 49.1% 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, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full

SatCon Technology Ratings Report

.

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