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Home > Cleantech Stocks > SATCON TECHNOLOGY CORP
The Ubika Research Cleantech Stock Watchlist

SATCON TECHNOLOGY CORP. ( Symbol: NASDAQ: SATC)

Company Name: Satcon Technology Corp.
HQ Location: Boston, Massachusetts
Company Website: www.satcon.com
Shares Outstanding 71.32 Million
Market Cap: $205 Million
Closing Share Price (July 21 2010) $2.87
52 Week Range $1.70 - $3.12
Average Daily Volume 833,000
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The Ubika Research Cleantech Stock Watchlist is very useful to find interesting cleantech stocks that are featured on our site. This watchlist profiles green technology stocks and provides you with cleantech news and information on cleantech investing.

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Business Overview

Satcon Technology Corporation is a provider of utility-scale power solutions for the renewable and distributed energy markets. The Company produces a range of products that are utilized by businesses and utility companies to efficiently convert renewable energy sources into usable electrical power.  Its solutions for renewable energy consist of two core product offerings: Utility Grade Inverters for Solar Photovoltaic and Fuel Cell Applications and Micro Grid Solutions

In addition the company also offers system design services and solutions for management, monitoring, and performance measurement to maximize capital investment and improve overall quality and performance over the entire lifespan of the installation. + More info

What is interesting about SATCON TECHNOLOGY CORP. (NASDAQ: SATC)?

  • Company is a world-wide leader in utility fuel cell inverters and utility scale solar PV inverters solutions. Company has over 50 % of the market share in North American market for large-scale power conversion solution.
  • Satcon inverters provide the critical bridge between clean energy sources and large-scale power grids, helping companies meet the rising demand for clean energy with unparalleled efficiency and profitably.
  • One of the major challenges of renewable power is its inability to provide stable power output.  Satcon’s product addresses this key gap and enables renewable power to be commercially deployed in large scale.  Satcon solutions are chosen by the world's leading businesses and utility companies to convert renewable energy into efficient and stable power.
  • Company has both mega and micro grid solutions and it is well positioned in the commercial side that is more profitable.
  • Satcon has no long term debt and had a cash balance of $11.7 million at the end of 1st quarter 2010. This should help the company to invest in growth.
  • Company said it has recently won projects in China and Europe as well as in North America, and has more than $80 million in order backlog as of early May.
  • Satcon is the #1 supplier of large-scale power conversion solutions to the North American market with over 50% market share.
    1. Over 100 integrators in U.S. alone choose Satcon.
    2. Largest Ontario-based manufacturer of 3-phase large-scale inverter solutions.
  • High percentage of institutional ownership (around 50%) shows the company has a stable shareholder base.
  • Company has active world-wide presence with manufacturing in China and sales and marketing offices in Europe and other parts of Asia.
  • Satcon recently announced several big deals and introduced new products and has signed distributor agreements with major companies like Samsung to promote its products.
  • Solar energy installations in North America and the world are poised to grow and the company is well positioned to take advantage of it.
  • Company consistently shows gross profit and recent growth in revenue indicate the company is on a path to show profits.
  • $66 million of Q1 2010 bookings outpaced full year 2009 revenues.
  • Gross margin was 13.8% compared with 8.2% in Q1’09 - a result of ongoing transition to China manufacturing facility.

Risks

Even though the company is generating revenues it is still not profitable and might require additional capital, which could potentially result in shareholder dilution. The company’s revenue depends on government incentives and any change in government policies will affect revenue.

Note: This Clean Tech stock watchlist is brought to you by SmallCapPower analyst "Raj Ravindran"

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