SatCon Technology Down 24% on Lower Revenue Expectations

by Eddie Staley, Benzinga Editor

July 5, 2011 3:30 PM | 15 seconds read |

SatCon Technology

SATC

is down 24% on the lower revenue expectations that were announced this morning. The company now sees Q2 revenue of $45M to $47M vs. prior outlook of $50M to $60. The shares of SatCon are currently trading at $1.93, a loss of 24.02%.

Market News and Data brought to you by Benzinga APIs

Comments

Posted In: Intraday Update Heavy Electrical Equipment Industrials

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SatCon Technology Down 24% on Lower Revenue Expectations

Comments