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Great news in the Quarter Report on work to be done for San Diego Gas & Electric, among others in the next quarters.
The earnings profit margin increase was significant. Headed in the right direction at least but still losing money.
Looks like they made some progress to profitability, but I doubt they'll be turning any profits this year.
SATC- Earnings release after market closes today. Not too late to get in!
Cheers.
Dean
Nice call, can't believe I missed this pop
I added a lot more SAP*. Things are happening there that most likely will shock the shorts and trap em BIG TIME....
buena chica does it as always ;)
Now you're listening to DA MASTER, lolzzzz
traded lol waitin for lower dip for reentering
TRade it hmmm i dunno buds this could move up real quick hate to see u sell then market move up , very very very tight float only getting tighter wink wink Im still holding all mine will buy on dips
Just buying doesn't work much nowdays, try to trade it
I made it lol not sleeping buying
Just the start Imo hold ur share buds for dollors not pennies imo on this 1
Did you get in at the open or still sleaping? lol
geez whatta stress lol will hop in at breakfast...ham and satc sunny side up
You were notified at $.94. Hop in tomorrow if it looks good to ya
Hurry my friend key was BUCK CLOSE ..15 more minutes this closes at a buck we be heading north and fast IMO watch for bid support coming in at close IMO
hola hola could u pls wait, I'm not ready yet! tranquillo muchachos
SATC: Let's see $1.80's
IM IN SEE you at 20ma way to oversold IMO
I owned this company years ago and thought it was headed right. Who the H--- screwed it up?
The 2 Mil grant goes to three companies and not into SATC bank.
Satcon Awarded $2 Million Grant by California Energy Commission <SATC.O>
http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20120711:nBw115484a
Company selected along with A123 Systems, Renewable Energy Services (RES), and
the Sacramento Municipal Utility District (SMUD) for the development of advanced
technologies to address issues with intermittent power output from photovoltaic
systems
BOSTON--(Business Wire)--
Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider of
utility-grade power conversion solutions for the renewable energy market, along
with A123 Systems, Renewable Energy Services (RES), and the Sacramento Municipal
Utility District (SMUD) announced today that they have been selected by the
California Energy Commission (Energy Commission) to receive a $2 million grant
to develop and demonstrate methods to reduce the effects of renewable power
intermittency. The grant is part of a larger initiative to develop the core
solutions to enable higher penetration of renewable power onto the electric grid
through advanced solar energy harvest, storage and array control capabilities.
Utility-scale solar deployment is a crucial part in attaining California`s
renewable energy goals, including achieving 33 percent of utility loads in the
state with renewable energy by 2020. Successfully managing the intermittent
nature of solar energy remains a challenge for Utilities looking to increase the
deployment of solar photovoltaic (PV) power plants on their grid networks. This
Satcon led project is designed to address these grid integration challenges
through the development of PV integrated electric energy storage systems capable
of voltage and frequency support, PV firming, real power dispatch and ramp rate
control. The project team will develop, test and demonstrate the proposed
technology at SMUD`s corporate headquarters in Sacramento, California.
"One of SMUD`s key challenges is to ensure that the grid is able to serve loads
at all times while accommodating higher levels of renewable energy integration.
Addressing key issues, such as ensuring a stable power flow into the grid from
renewable sources, is critical to the success of using renewables as a major
energy supplier," said Mark Rawson of SMUD. "Satcon`s expertise in advanced
solar inverter system technologies and experience with large-scale solar plant
grid integration, combined with A123`s advanced lithium ion battery technology,
will help us address these key challenges via this project."
The project is part of the Energy Commission`s Public Interest Energy Research
(PIER) Renewable Program, which funds initiatives that help meeting research,
development and demonstration needs related to more rapid and environmentally
responsible deployment of utility-scale renewable energy. The project will be
the first of its kind to demonstrate a highly efficient and cost effective
electric energy storage system specifically designed and optimized for grid tied
PV applications.
The system will be comprised of a 500kW PV array, Satcon`s 500kW PowerGate Plus
utility-ready inverter solution and a 500kWh advanced lithium ion battery energy
storage system from A123 that will leverage a high power, high voltage version
of Satcon`s battery power conditioning system (Satcon Spectrum PCS) featuring
Satcon`s EDGE Adaptive Control Architecture (EDGE ACA) to enable voltage
stabilization, frequency control and continuous operation of the PV plant in the
event of major grid instabilities including faults.
"Satcon has always been the industry`s leading innovator for large-scale solar
power production and power plant control," said Leo Casey, Chief Technology
Officer for Satcon. "As we seek to integrate renewable energy sources into the
grid, improved controls and energy storage systems to reduce power output
fluctuations become critical. These capabilities have been developed and
deployed across multiple projects over the past four years, including commercial
PV and energy storage integration projects and the Solar Energy Grid Integration
Systems (SEGIS) development and demonstration project funded by the United
States Department of Energy (DOE). The Energy Commission project enables us to
accelerate the development and deployment of the next generation of controls and
energy storage technologies that are central to tomorrow`s power grid."
About Satcon
Satcon Technology Corporation is the leading provider of utility scale power
solutions for the renewable energy market, enabling the industry`s most advanced
reliable and proven clean energy alternatives. For over 27 years, Satcon has
designed and delivered the next generation of efficient energy systems for solar
photovoltaic, stationary fuel cells, and energy storage systems. To learn more
about Satcon, please visit www.Satcon.com
Safe Harbor
Statements made in this press release that are not historical facts or which
apply prospectively are forward-looking statements that involve risks and
uncertainties. These forward-looking statements are identified by the use of
terms and phrases such as "will," "intends," "believes," "expects," "plans,"
"anticipates" and similar expressions. Investors should not rely on forward
looking statements because they are subject to a variety of risks and
uncertainties and other factors that could cause actual results to differ
materially from the company's expectation. Additional information concerning
risk factors is contained from time to time in the company's SEC filings,
including its Quarterly Report on Form 10-Q and other periodic reports filed
with the SEC. Forward-looking statements contained in this press release speak
only as of the date of this release. Subsequent events or circumstances
occurring after such date may render these statements incomplete or out of date.
The company expressly disclaims any obligation to update the information
contained in this release.
Satcon Technology Corporation
Michael Levi, 949-201-5955
michael.levi@satcon.com
Copyright Business Wire 2012
i guess with the reverse split satc will remain listed with nasdaq
REUTERS: Satcon Named #1 Large-Scale Solar Inverter Supplier in North America <SATC.O>
http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20120709:nBw095544a
Secures leadership position for the second straight year, increases worldwide
market share in 2011
BOSTON--(Business Wire)--
Satcon Technology Corporation (NASDAQ CM: SATC), a leading provider of
utility-scale power conversion solutions for the renewable energy market,
announced today that it has achieved the number one position in the North
American utility-scale solar inverter market for 2011 for the second consecutive
year.
Based upon the results from IMS Research`s (recently acquired by IHS Inc.
(NYSE:IHS) recently released World Market for Photovoltaic Inverters 2012 (5th
Edition), Satcon continues to be the leading large scale inverter supplier in
the America`s in 2011 in both the utility-scale segment (100 kilowatts and
greater) as well as the large-scale commercial segment (36 kilowatts-250
kilowatts). In addition, Satcon has increased its worldwide market share
position in the global three phase solar inverter segment from 8th to 4th in
2011.
"Despite the uncertainty and changes in energy policy, the worldwide solar
inverter market in 2011 grew by 17% in terms of Gigawatts (GW) shipped, "said
Ash Sharma, Research Director at IMS Research. "Satcon demonstrated market share
increases worldwide and most notably in the Americas, where the deployment of
utility-scale segment revenues doubled from 2010."
About Satcon
Satcon Technology Corporation is the leading provider of utility-scale power
conversion solutions for the renewable energy market, enabling the industry`s
most advanced reliable and proven clean energy alternatives. For over 27 years,
Satcon has designed and delivered the next generation of efficient energy
systems for solar photovoltaic, stationary fuel cells, and energy storage
systems. To learn more about Satcon, please visit www.Satcon.com.
About IMS Research - Photovoltaics
IMS Research recently acquired by IHS Inc. is a leading independent supplier of
market research and consultancy to the global electronics industry, offering
syndicated market studies, bespoke research and consultancy services. The
company is one of the most respected commentators in the renewable energy field,
with a particular expertise in the PV (solar) market. We currently have nine
analysts and a 15-person research team dedicated to researching the PV market.
We now offer over 25 reports and cover every aspect of the supply chain from
polysilicon supply to PV modules, inverters and PV system integrators.
PV@imsresearch.com; www.pvmarketresearch.com
Safe Harbor
Statements made in this press release that are not historical facts or which
apply prospectively are forward-looking statements that involve risks and
uncertainties. These forward-looking statements are identified by the use of
terms and phrases such as "will," "intends," "believes," "expects," "plans,"
"anticipates" and similar expressions. Investors should not rely on forward
looking statements because they are subject to a variety of risks and
uncertainties and other factors that could cause actual results to differ
materially from the company's expectation. Additional information concerning
risk factors is contained from time to time in the company's SEC filings,
including its Annual Report on Form 10-K and other periodic reports filed with
the SEC. Forward-looking statements contained in this press release speak only
as of the date of this release. Subsequent events or circumstances occurring
after such date may render these statements incomplete or out of date. The
company expressly disclaims any obligation to update the information contained
in this release.
Satcon Technology Corporation
Michael Levi, 949-201-5955
michael.levi@satcon.com
Copyright Business Wire 2012
Yes, I'm back with Joez when it got under a dollar.
Satc- getting complicated. Watching closely. If they do get delisted, it won't be too good. I shrunk my position.
i wonder if the secret was kept out of this filing
http://biz.yahoo.com/e/120625/satc8-k.html
I dont know the back ground of the closing or auction. Just in my opinion seeing allot of bad indicators.
I believe that online auction was for location that they previously announced they were closing?
Who ever deleted my ibox I built I dont appeciate it.
Because the near economic future still appears grim a solar industry turn-around might still be a few years away. This directly impacts Satcon revenues forecast.
Be cautious here. Even as attractive as the pps is Satcon most likely cant survive long on a low pps and could drive the company to bankruptcy. Along with new changes to beneficial ownership there was an application to withhold information disclosure on 10k.
These signs plus the public auction that was spotted good job btw (iownit) shows trading satc is becoming high risk.
There are a number of new "beneficial ownership of securities of changes" posted June 20 - 22 2012
appears Satcon has issued about 165500 shares to pay creditors, partners and 2 executives
From 8K 20-June-12 NASDAQ Delisting
em 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On June 19, 2012, Satcon Technology Corporation (the “Company”) received a delisting determination letter from the staff of The Nasdaq Stock Market LLC (“Nasdaq”) due to the Company’s failure to regain compliance with The Nasdaq Capital Market’s minimum bid price requirement for continued listing, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Rule”). The delisting determination letter also stated that the Company was not in compliance with the initial listing requirement of The Nasdaq Capital Market of having a minimum stockholders’ equity of $4 million, and was therefore not eligible to receive an additional 180 days to gain compliance with the Minimum Bid Price Rule. Unless an appeal is filed, as discussed below, the Company’s common stock will be delisted from The Nasdaq Capital Market on June 28, 2012.
The Company intends to appeal the Nasdaq Staff’s determination and will request a hearing to appeal such determination within seven calendar days of receipt of the letter. While the appeal process is pending, the delisting of the Company’s common stock will be stayed, and the common stock will continue to trade on the Nasdaq Capital Market. While there can be no assurance that the appeal will be successful, the Company expects to provide a plan to regain compliance to the Nasdaq hearing panel which will include a commitment to effect a reverse stock split, if necessary.
expect a nickle to dime bounce from here...oversold here. shorts will panic cover
dean what is your outlook on satc now any different. Did you get back into Joez? i did.
No i do not remember this time last year the pps was about two to three bucks and there was not a rs.you mat be thinking of another stock
You're confused, Rubco. This company never R/S. During the upcoming Annual Shareholders' meeting in June- we're going to vote: to give the Directors the option to R/S, if necessary.
It was not a Pinky the last time they R/S either. (At about the same date last Year) remember?? The Proxy now Reads just as the one last year. And after the R/S the PPS went South, Remember. I got in again at .42 and I was ok until the PR anouncing the R/S came out, I sold my 25k shares at .322 and a 25% lost inmidiatly.
No R/S. They're filing an extension with Nasdaq. The new compliance date will be in December 2012. This stock will be over a buck, by then.
Cheers.
Dean
This isn't a pink sheet. A r/s is not the end of the world. Take it e-z.
No with that RS coming
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Company Profile
Satcon® is a leading provider of utility scale power solutions for the renewable energy market. Building on its history as a developer of sophisticated and precise power management and control equipment, Satcon develops innovative products that address the enormous demand for reliable, affordable and clean solutions for large commercial and utility scale applications. Satcon's inverters are grid-tied and line interactive, enabling them to convert direct current (DC) power from solar arrays to alternating current (AC) power that is compatible with the utility voltage for export to the grid.
Satcon manufactures utility-grade solar PV inverters ranging from 30kW to 1MW. The company also sells a line of fuel cell inverters for systems ranging from 25kW to 2.4MW.
52-Week High - (31 - Mar -11) 5.51
52-Week Low - ( 25 - Jun -12) .175
Transfer Agent :Continental Stock Transfer & Trust Company
17 Battery Place
New York, 10004
212-509-4000
continentalstock.com
cstmail@continentalstock.com
Latest 10Q 5-10-2012
Satcon Technology Corporation Website
Product brochure
Satcon Investor Presentation (.pdf)
Yahoo Finance: SATC Google Finance: SATC NASDAQ.com: SATC Wikinvest.com: SATC
Investor Relations Page
Investor Relations:
Leah Gibson
Investor Relations Manager
(617) 897-2400
leah.gibson@satcon.com
*************************************
Excellent green energy/solar sites for DD:
PV-Tech.org GreenBeat.com SolarBuzz.com BrighterEnergy.org RenewableEnergyWorld.com SolarServer.com greenworldinvestor.com SolarDaily.com
DISCLAIMER: Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions. There is no express or implied solicitation to buy or sell securities. The author(s) may have positions in the stocks or financial relationships with the company or companies discussed and may trade in the stocks mentioned. Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only. No stock exchange has approved or disapproved of the information contained herein. All information is believed to be accurate and was taken from public sources, or is the opinion(s) of the author(s). (This disclaimer has been reprinted by permission of its author)
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