PV inverter manufacturer, Satcon Technology has said that new orders have increased 130% in the first quarter of 2012 compared to previous quarter, reaching a bookings value of approximately US$45 million. The company said the quarter had been the most successful bookings period in four quarters, with a book-to-bill ratio of 1.9:1.
Satcon also narrowed Q1 revenue guidance to between US$22 million and US$25 million, compared to previous guidance of between US$22-US$28 million.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
“The strategic measures that Satcon has implemented throughout the quarter continue to position the company for both improved financial performance and increased market share in the world’s highest growth solar markets,” said Steve Rhoades, Satcon’s President and Chief Executive Officer.