Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Satcon Technology (Nasdaq: SATC) shares jumped 10% in intraday trading on news that the company was selected as a supplier for a 63-megawatt solar plant in Puerto Rico.

So what: The installation will use Satcon Solstice 500 kilowatt solutions, and it's anticipated it will generate 116 million kilowatt hours of energy annually. The device is the "first complete power-harvesting and array management solution" for large-scale projects.

Now what: If the installation is successful, this product would provide a big opportunity for Satcon in the growing solar market. Installation sizes are increasing, bringing increasingly complex energy management systems. This is a step in the right direction for Satcon and could lead to continued revenue growth, just as we saw in the second quarter.

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Fool contributor Travis Hoium does not have a position in any company mentioned. Try any of our Foolish newsletter services free for 30 days. True to its name, The Motley Fool is made up of a motley assortment of writers and analysts, each with a unique perspective; sometimes we agree, sometimes we disagree, but we all believe in the power of learning from each other through our Foolish community. The Fool has a disclosure policy.