American Superconductor and SatCon Technology Start to Shift Focus
07 December 2011 - 12:16AM
Marketwired
Clean energy stocks have struggled immensely in 2011 as the
Eurozone debt crisis has crimped financing for several renewable
energy firms. Several growth markets could drive clean energy going
forward, however. Ernst & Young argues that the balance of
power is shifting from Western Europe and the US, to Eastern
Europe, the Middle East, North Africa, South East Asia and Latin
America.The Paragon Report examines investing opportunities in the
Alternative Energy Sector and provides equity research on American
Superconductor Corporation (NASDAQ: AMSC) and SatCon Technology
Corporation (NASDAQ: SATC). Access to the full company reports can
be found at:
www.paragonreport.com/AMSC
www.paragonreport.com/SATC
SatCon Technology Corporation designs, develops, and
manufactures electronics products and a variety of standard and
custom electric motors to suit specific applications, for
businesses and consumers. SatCon also develops flywheel energy
storage devices, and integrated suspension and motor system that
convert, condition, store and manage uninterruptible power. Shares
of the company have been on the downswing since it forecast
fourth-quarter revenue to be in the range of $37 million to $42
million, as "a slowdown in worldwide demand for solar has caused
2011 to perform below expectations."
The Paragon Report provides investors with an excellent first
step in their due diligence by providing daily trading ideas, and
consolidating the public information available on them. For more
investment research on the Alternative Energy sector register with
us free at www.paragonreport.com and get exclusive access to our
numerous stock reports and industry newsletters
Shares of American Superconductor have been relatively flat
since the company reported a fiscal second quarter net loss of
$1.02 per share. In the wind power market, American Superconductor
enables manufacturers to field wind turbines through its advanced
engineering, support services and power electronics products.
American Superconductor's quarterly revenue slid more than 70
percent year on year primarily due to lack of revenue from the
company's former customer, Sinovel Wind Group Co., Ltd. American
Superconductor says it is looking to recover over $1.2 billion from
Sinovel for breach of contract and damages.
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above-mentioned publicly traded companies. Paragon Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
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