SatCon Technology Stock Falls On Unusually High Volume (SATC)

NEW YORK ( TheStreet) -- SatCon Technology Corporation (Nasdaq: SATC) is trading at unusually high volume Wednesday with 8.4 million shares changing hands. It is currently at four times its average daily volume and trading down $1.06 (-21.9%) at $3.77 as of 11:42 a.m. ET.

SatCon Technology has a market cap of $538.4 million and is part of the technology sector and electronics industry. Shares are up 7.3% 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 sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management, disappointing return on equity, weak operating cash flow and poor profit margins. You can view the full SatCon Technology Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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