Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Satcon Jumps Most Since 1992 on China Partnership: Boston Mover

Satcon Technology Corp. rose the most in almost two decades after agreeing to a manufacturing partnership to supply solar-plant equipment to a unit of China Electronics Corp.

Satcon climbed 51 percent to 85 cents at the close in New York, the biggest gain for the Boston-based company since Nov. 13, 1992.

China Electronics’ Great Wall Computer Co. agreed to an initial purchase of 60 megawatts of Satcon inverters by April, Satcon said today in a statement. Satcon’s contract manufacturer in China, Exelstor, will also work with Great Wall to target cost reductions for the product.

Last month, Satcon said it would cut 140 jobs, or about 35 percent of its workforce, and close a factory in Canada that makes power inverters for solar plants. Inverters convert electricity from solar cells for use on electric grids.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.