...while i am bullish on SATC, i think that today's rise despite any real news was triggered by the following;
FCEL has a tremendous amount of shares short...something like 40%+ of the float. when the stock got to the strike price of $17.50, the naked call holders panicked and were forced to buy the stock. this action triggered the shorts to cover and brought in more buyers also. FCEL was up $1.50 on the day and SATC was unchanged.
well, when FCEL continued higher, no one asked any questions and simply bought SATC, as well as others....
i doubt FCEL was much of a factor compared to unannounced positive news, general midweek downtrend and negative geopolitics. my gut feeling is there's significant undervalue that will really begin correct as we pass 5 and more institutional investors come on board. key to this is expanding the partnership with Cummins nationally and internationally, licensing or production floor expansion and announcing significnt new Rotary UPS orders. the strongest market driver in the Satcon product line is the Rotary UPS. i've been saying this all along. That announcement could come at any time. prior to it, i look for the kind of activity we are seeing at this moment where a new group of investors are moving in in anticipation.