SatCon Technology (SATC) warns Q2 sales will come in at $45-47M vs. previous guidance of...

|About: SatCon Technology Corp. (SATCQ)|By:, SA News Editor

SatCon Technology (SATC) warns Q2 sales will come in at $45-47M vs. previous guidance of $50-60M. Gross margin outlook cut to 7-11% from a previous 17-20%. The revision reflects "the continued impact of changes in government incentives in the company's higher margin markets," and delays on a few projects. (PR)