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SatCon Reports Q2 2007 Results

SatCon Technology Corporation© (NASDAQ CM: SATC) has announced its operating results for the quarter ended June 30, 2007. “This has been a strong revenue growth quarter for SatCon,” said David Eisenhaure, President and Chief Executive Officer. “As we have been predicting for some time, the Photovoltaic Inverter market opportunity is experiencing rapid growth and we have been positioned well to take advantage of the technical strength of our products.” For the quarter our: o Revenues increased 31% over last year to $11.7 million. o Photovoltaic Inverters represented $3.8 million or over 30% of that total, a 70% increase over last year – highlighting our growth in this major market segment. o Year to date our photovoltaic inverter revenues have more than doubled over last year to $7 million dollars. In addition to our revenue increases: o Our backlog grew to a record $48 million at the end of the quarter, an 80% increase over last year. o We have continued to deliver a positive sales order booking to revenue ratio for the last 9 quarters. o As a result, we continue to project that we will have revenues of $50 million for the year with an expectation of over $30 […]

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First Solar Prices Offering

First Solar, Inc. (NasdaqGM:FSLR) has priced an offering of 6,500,000 shares of its common stock at an offering price of $95.00 per share. The offering includes 4,000,000 primary shares offered by the Company and 2,500,000 secondary shares offered by certain stockholders of the Company. A copy of the final prospectus for the offering can be obtained by writing or telephoning the prospectus department at Credit Suisse Securities (USA) LLC, 1 Madison Avenue, New York, NY 10010, Attention: Prospectus Department (phone: 1-800-221-1037), Goldman, Sachs & Co. Prospectus Department, 85 Broad Street, New York, N.Y., 10004 (phone: 1-866-471-2526, fax: 212-902-9316, email: prospectus-ny@ny.email.gs.com) or Morgan Stanley & Co. Incorporated, 180 Varick Street, New York, New York 10014, Attention: Prospectus Department (phone: 1-866-718-1649, email: prospectus@morganstanley.com). Website: http://www.firstsolar.com/     

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