Market Overview

UPDATE: Cantor Fitzgerald Downgrades SatCon Technology to Hold

Related SATC
Satcon Receives Court Approval to Support Warranty and Service Programs
Stocks Hitting 52-Week Lows

In a company update published earlier today, Cantor Fitzgerald L.P. downgraded its rating for SatCon Technology Corporation (NASDAQ: SATC) from Buy to Hold, and maintained its price target of $0.50.

Cantor Fitzgerald went on to say “This takes the nascent U.S. solar industry evolution out of the hands of entrepreneurs and technologists and into the hands of politicians, bureaucrats, and lawyers. We expect significant near-term uncertainty for SATC projects in the U.S.. and we believe there is a high degree of risk in our earnings models. The DOC ruling will certainly be appealed, and a final ruling is due in October, but we believe the damage to downstream solar is just starting.”

Satcon Technology Corporation closed yesterday at $0.32.

Latest Ratings for SATC

DateFirmActionFromTo
Aug 2012Cantor FitzgeraldMaintainsHold
Aug 2012Stifel NicolausMaintainsBuy
May 2012Cantor FitzgeraldDowngradesBuyHold

View More Analyst Ratings for SATC
View the Latest Analyst Ratings

Posted-In: Cantor FitzgeraldAnalyst Color Downgrades Analyst Ratings

 

Related Articles (SATC)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters