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Steve Hach
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Steve Hach is the Senior Editor at ValuEngine.com, a Newtown, Pennsylvania-based stock valuation and forecast service. ValuEngine utilizes Ivy League financial research as the basis for its coverage of more than 7000 US, Japanese, and Canadian, and other foreign stocks. Hach utilizes... More
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  • SATC,$SATC Highly-Rated Tech Firm Jumps into the New Year 0 comments
    Jan 3, 2011 2:17 PM | about stocks: Q
    Go to ValuEngine.com
    January 3, 2010
    ATTENTION Advanced Investors and Finance Professionals:
    If you are reading this you should download ValuEngine Institutional Software to see how VE’s powerful quantitative tools can increase your productivity and effectiveness.

    VALUATION WATCH: Our models find that overvaluation is approaching levels typically seen when a market correction is imminent. Overvalued stocks now make up 61% of our universe and almost 29% of the universe is calculated to be overvalued by 20% or more.  15 of 16 Sectors are now calculated to be overvalued.

    Seeking Alpha Readers should check out our Seeking Alpha VE Investment App HERE

    SatCon Tech Makes Move

    SATC,$SATC Highly-Rated Tech Firm Jumps into the New Year

      We mentioned green energy firm Satcon Technology Corporation (SATC,$SATC) in a Daily Bulletin about one month ago.  Based on data available back in early December, we alerted readers to the stock's high short-term forecast return ranking.  Since then, the stock has been on a tear with a current price of $4.79.  This represents a gain of @20%.  The ticker continues to rank near the top of our universe in short-term forecast figures and the long-term prospects are calculated to be very strong as well.

      ValuEngine has issued a BUY recommendation for Satcon Technology Corporation on Jan. 03, 2011. Based on the information we have gathered and our resulting research, we feel that Satcon Technology Corporation has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE 5-year annualized return, market valuation and expected EPS growth.

      Based on available data as of Jan. 03, 2011, we believe that SATC should be trading at $7.43. This makes SATC 39.44% undervalued. Fair Value indicates what we believe the stock should be trading at today if the stock market were perfectly efficient and everything traded at its true worth. For SATC, we base this on actual earnings per share (NYSEARCA:EPS) for the previous four quarters of -$0.25, forecasted EPS for the next four quarters of $0.26, and correlations to the 30- year Treasury bond yield of 4.36%.

      Satcon Technology Corporation provides a suite of utility grade power conversion solutions and services for commercial and utility scale renewable energy installations and distributed energy markets in the United States and internationally. Its renewable energy solutions include utility grade inverters for solar photovoltaic and fuel cell applications that offer modular inverters for use in connection with large, utility-scale, renewable energy power systems, such as stationary fuel cell power plants, photovoltaic power plants, and distributed power generation systems.

    Subscribers can check out the latest figures on SATC from our models HERE.

    Seeking Alpha Readers should check out our Seeking Alpha VE Investment App HERE

    Click the icon below to hear VE Chief Market Strategist Richard Suttmeier
    on TheStreet.com's "The Real Story" Podcast

     

     

    Market Indices Data
      Latest Change YTD
    Dow Jones
    11,704.50 126.99 1.10%
    NASDAQ Composite
    2,695.30 42.43 1.60%
    Russell 2000
    798.76 15.11 1.93%
    S&P 500
    1,274.66 17.02 1.35%

     

    ValuEngine Market Overview
    Summary of VE Stock Universe
    Stocks Undervalued
    38.78%
    Stocks Overvalued
    61.22%
    Stocks Undervalued by 20%
    17.79%
    Stocks Overvalued by 20%
    28.89%

     

    ValuEngine Sector Overview
    Sector Change MTD YTD Valuation Last 12-MReturn P/E Ratio
    Basic Materials 0.54% 10.81% 38.48% 32.76% overvalued 69.56% 38.22
    Oils-Energy 0.12% 6.74% 20.78% 25.55% overvalued 37.64% 41.79
    Industrial Products -0.08% 6.96% 24.56% 15.58% overvalued 30.89% 26.17
    Multi-Sector Conglomerates -1.16% 5.07% 26.87% 14.39% overvalued 33.18% 29.75
    Auto-Tires-Trucks -0.00% 6.67% 57.38% 13.10% overvalued 49.63% 26.03
    Transportation -0.06% 4.02% 26.06% 12.17% overvalued 28.03% 42.87
    Consumer Staples 0.07% 4.43% 11.95% 10.80% overvalued 17.33% 27.82
    Retail-Wholesale -0.62% 2.74% 20.40% 10.47% overvalued 56.85% 22.22
    Finance 0.01% 6.27% 22.07% 8.12% overvalued 18.58% 25.08
    Computer and Technology -0.07% 6.08% 32.21% 7.37% overvalued 33.24% 43.92
    Aerospace 0.11% 6.00% 25.16% 7.20% overvalued 31.07% 19.76
    Utilities -0.17% 2.45% 7.27% 6.73% overvalued 12.61% 25.45
    Business Services -0.32% 6.39% 14.97% 6.31% overvalued 18.64% 29.90
    Construction -0.22% 8.92% 13.88% 6.04% overvalued 12.33% 37.97
    Consumer Discretionary 0.03% 3.72% 22.71% 5.13% overvalued 25.32% 31.32
    Medical -0.45% 7.70% 19.02% 3.66% undervalued 18.48% 37.67

     

     
     
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    ValuEngine.com - Rational advice, smarter investing.
     
     
     
    Stocks: Q
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