Benzinga's Microcap Movers for Tuesday February 7, 2012
Below are highlights from Benzinga's daily coverage of microcap securities making big moves:
Shares of SatCon Technology (NASDAQ: SATC), the Boston, MA company providing services for the renewable energy sector, rose 51% Tuesday on 11 times the average daily volume.
Satcon Technology announced Tuesday a partnership with Great Wall Computer Company, a majority-owned subsidiary of China Electronics Corporation. The partnership will position Satcon to capitalize on the estimated 14GW of utility scale projects under development, fueled by the country's Feed-In Tariff program. Of the 14GW of identified non-residential solar projects in development in China today, the majority are expected to be developed by China State Owned Entities.
SatCon Technology closed at $0.85 on Tuesday.
Shares of Lightbridge Corporation (NASDAQ: LTBR), the Mclean, VA nuclear technology company, rose 34% Tuesday on 11 times the average daily volume.
On February 2, a positive Seeking Alpha post was published on Lightbridge.
On Tuesday, there was much discussion in chat rooms and message boards, but there was no specific news related to the move in Lightbridge.
Lightbridge Corporation closed at $3.35 on Tuesday.
Shares of Plug Power (NASDAQ: PLUG), the Latham, NY alternative energy technology provider, rose 15% Tuesday on almost 4 times the average daily volume.
Much of the move was due to a press release from Air Products (NYSE: APD) mentioning that many of their material handling fuel cell units include Plug Power's GenDrive hydrogen fuel cell power units.
Plug Power closed at $2.36 on Tuesday.
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