Volatility in Solar Sector Weighs on Shares of SatCon and Power-One
22 March 2011 - 10:35PM
Marketwired
Alternative or renewable energies are fuel sources other than those
derived from fossil fuels and are typically not as harmful to the
environment. These days fossil fuels are losing favor, with
renewable energy on its way in. By 2011, investors have begun
looking across the whole spectrum of renewable energy such as
biofuels, solar, wind and geothermal energy. Indeed, more of both
public and private investments are being made to make renewable
energy affordable and reliable, creating a lot of incentive, but
also clouding the competitive landscape for these industries. The
Bedford Report examines investing opportunities in Alternative
Energy and provides research reports on SatCon Technology
Corporation (NASDAQ: SATC) and Power-One, Inc. (NASDAQ: PWER).
Access to the full company reports can be found at:
www.bedfordreport.com/2011-03-SATC
www.bedfordreport.com/2011-03-PWER
Power-One designs, manufactures and sells a wide range of
inverters which are used in solar power systems. Since last
November solar stocks have been in a relative tailspin as reports
signaled declines in government subsidy support from European
nations such as Germany and Italy. Solar bulls argue that smaller
solar markets -- such as the US -- will help offset declines in
consumption from key European markets, however. Power-One also
manufactures wind inverters that convert direct-current harvested
from wind farms into alternating current.
Power-One recently said its fourth quarter revenues jumped 157%
year-over-year to $366 million with renewable energy leading the
way. Inverters were responsible for 72% of fourth-quarter revenues
and 68% for all of 2010.
The Bedford Report releases regular market updates on the
Alternative Energy Industry so investors can stay ahead of the
crowd and make the best investment decisions to maximize their
returns. Take a few minutes to register with us free at
www.bedfordreport.com and get exclusive access to our numerous
analyst reports and industry newsletters.
SatCon is another inverter maker for solar equipment. Last month
shares of the company fell significantly after it issued a
weaker-than-expected forecast for the current quarter. In the
fourth quarter SatCon said that it lost $3.2 million, or 3 cents
per share. That compares with a year-earlier loss of $7.5 million,
or 11 cents per share. In a conference call late Tuesday, President
and CEO Steve Rhoades said that the company's gross margins were at
the lower end of its expected range because of supply chain issues
that caused its costs to rise.
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