Power-One and SatCon Hopeful US Operations Will Offset Weakness in European Markets
July 06 2011 - 7:16AM
Marketwired
Alternative Energy stocks have been volatile of late. While
skyrocketing gas prices have led to an increased emphasis on
renewable energy, changes in government incentives in Europe and
delays for certain projects has caused a pullback for some
companies. The Bedford Report examines the outlook for the
alternative energy sector and provides equity research on
Power-One, Inc. (NASDAQ: PWER) and SatCon Technology Corporation
(NASDAQ: SATC). Access to the full company reports can be found at:
www.bedfordreport.com/PWER www.bedfordreport.com/SATC
Earlier this year Italy approved a decree that cuts spending on
generous solar power incentives. Under the new solar decree, a
transitional period with gradual cuts in incentives will start from
June 1, 2011 and run to 2013, after which the incentives will
automatically be linked to reaching a certain level of installed
capacity.
Alternative energy in the US remains positioned for growth,
however, as the Obama Administration has made it clear that green
technologies such as wind and solar power will create the American
jobs of the future.
The Bedford Report releases stock research on the alternative
energy sector so investors can stay ahead of the crowd and make the
best investment decisions to maximize their returns. Take a few
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Last month Power-One said the Company's Aurora PVI-3.0-OUTD-W
3kW inverter has been selected by WindTronics for use with the
Honeywell Wind Turbine for on-grid installations. Power One
recently forecast revenue of $250 million to $270 million for the
second quarter..
Shares of SatCon Technology have been on the downswing after the
company said it expects second-quarter revenue of between $45
million and $47 million, down from previously announced guidance of
$50 million to $60 million. Satcon said demand for solar has
dropped in recent months in some European markets, including
Germany and Italy, as governments have changed policies the offered
incentives for solar. SatCon had recently announced that it was
selected to supply power inverter equipment to 65 megawatts of US
solar projects.
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