Satcon: 2011 dismal performance in the fourth quarter launch light commercial inverter series

March 1, 2012 , Satcon Technology Corporation ( Boston, Massachusetts ) released its fourth quarter and full year 2011 financial results. Fourth quarter of 2011 , revenues decreased 20% to $ 36 million , operating loss amounted to $ 42.9 million , a net loss of $ 48 million .

    On the 2011 full year , Satcon 's revenue increased 9 % to $ 189 million , but operating profit declined by 44% , net loss amounted to $ 83.4 million . Mar. 1 day , Satcon Announces Equinox LC inverter series. This series of products for the light commercial solar market , rated 8-24 kilowatts passed the UL certification , rated 8-20 kilowatts passed the CE certification.

    Satcon's President and CEO Steve • Rhodes said: " Although solar market faces greater price pressure and subsidy policy uncertainty , Satcon in 2011 still achieved growth in shipments in North America nearly doubled , because we have been strengthened with the region's leading solar integrators and EPC relationships . "

    Although North America is the Satcon's most important market, accounting for the fourth quarter total revenue and 94% of shipments , but the company has also recently adopted a diversification strategy. February 7 , Satcon company announced a partnership with Great Wall Computer Company ( Shenzhen, China ) five-year sales, marketing and distribution partnerships, including those to be delivered in April 2012 Wall photovoltaic dc ac converter projects in China 60 MW PowerGate Plus solution programs .