SATC Jumps Up after SolarCraft Announcement
Shares of SatCon Technology Corporation (Nasdaq: SATC) jumped up today after news of its teaming with SolarCraft to install its solar energy system at Paramount Farms Inc. was announced early this morning. SATC closed up 14 cents (13 percent) at $1.24 per share on volume of 346,587. The company reported that its PowerGate commercial grade inverters have been installed as an integral part of a SolarCraft installed 1.1 Megawatt solar energy system at Paramount Farms, the world's largest vertically integrated supplier of pistachios and almonds. The installation, located in California's San Joaquin Valley, spans 8 acres and is reportedly one…