SatCon Tech (NASDAQ: SATC) was upgraded by Zacks Investment Research from an “underperform” rating to a “neutral” rating in a research note issued to investors on Wednesday.
Separately, analysts at Raymond James (NYSE: RJF) downgraded shares of SatCon Tech from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, January 4th. Analysts at ThinkEquity downgraded shares of SatCon Tech from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, November 9th. Also, analysts at Piper Jaffray (NYSE: PJC) downgraded shares of SatCon Tech from an “overweight” rating to a “neutral” rating in a research note to investors on Tuesday, October 25th.
Satcon Technology Corporation (Satcon) is a clean energy technology provider of utility grade power solutions for the renewable and distributed energy markets. The Company delivers power conversion solutions and system design services for large-scale renewable energy plants. Satcon’s products are utilized by businesses and utility companies to convert renewable energy sources into electrical power. It also offers system design services and solutions for management, monitoring, and performance measurement. The Company produces a range of products to provide the bridge between clean energy sources and large-scale power grids. 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. Subsequent to the year ended December 31, 2009, the Company sold its Applied Technology business unit.
Shares of SatCon Tech opened at 0.51 on Wednesday. SatCon Tech has a 52 week low of $0.48 and a 52 week high of $5.51. The stock’s 50-day moving average is $0.6 and its 200-day moving average is $1.20. The company has a market cap of $61.1 million.