Piper Jaffray Introduces 2012 Estimates On Satcon Technology

Piper Jaffray is rolling out its 2012 estimates on Satcon Technology Corporation SATC with an Overweight and a $6.75 price target based on 10-year DCF. Some of the risks to achieving that PT, Piper Jaffray said, include slowdown in North American solar installations; increased competition in the utility inverter market; and failure to maintain margins. Satcon Technology closed Friday at $4.50.