Top 4 Stocks of NASDAQ Rising on Unusual Volume (CPNO, SATC, ATHN, CBLI)

Los Angelas, CA -- (SBWIRE) -- 10/19/2012 -- Copano Energy L.L.C. (NASDAQ:CPNO)moved down 3.69% to 32.14. The Company announced the pricing of a public offering of 6,000,000 of its common at $32.13 per common unit. The offering is scheduled to close on October 24, 2012. The underwriters have been granted a 30-day option to purchase up to 900,000 additional common units. The Company plans to use the net proceeds from the offering to repay a portion of the outstanding indebtedness under its revolving credit facility and expects to use the increased borrowing capacity. Copano Energy, L.L.C.is an energy company, which is engaged in the business of providing midstream services to natural gas producers, including natural gas gathering, compression, dehydration, treating, transporting, processing etc.

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SatCon Technology Corporation (NASDAQ:SATC) is a clean energy technology provider of utility-grade power conversion solutions for the renewable energy market, primarily the large-scale commercial and utility-scale solar photovoltaic (PV) markets. The Company designs and deliver advanced power conversion solutions that enable producers of renewable energy to convert clean energy into grid-connected, efficient and reliable electrical power. SatCon Technology Corporation (NASDAQ:SATC) shares climbed 45.10% and closed at $0.120 in the previous trading session. The company filed for protection under Chapter 11 Bankruptcy code. The company said that as of June 30 it had assets of $92.3 million and $121.9 million in the Chapter 11 documents. The petitions were filed in the U.S. Bankruptcy Court for the District of Delaware. Six units have also filed for bankruptcy along with Satcon Technology.

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athenahealth Inc. (NASDAQ:ATHN) is a business services company, which provides ongoing billing, clinical-related, and other related services to its customers. The Company provides these services with the use of athenaNet, an Internet-based practice management application. athenahealth Inc. (NASDAQ:ATHN) reported third quarter non-GAAP adjusted EPS of $0.30 after the close Thursday, compared to $0.24 in the prior year. The consensus estimate was for EPS of $0.26. Revenues came in at $105.9 million, compared to $83.7 million in the same period last year. The consensus estimate was for revenues of $109.15 million. athenahealth (NASDAQ:ATHN) has gapped open dramatically lower Friday and is now down 10.06 at $70.01 in early trade. The stock has dropped to a 4 1/2 month low and has fallen below its 200-day moving average.

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Cleveland BioLabs, Inc. (Nasdaq:CBLI) is a biotechnology company. CBLI is focused on developing biodefense, tissue protection and cancer treatment drugs based on the concept of modulation of cell death for therapeutic benefit. Cleveland BioLabs, Inc. (Nasdaq:CBLI) announced today that it has priced an underwritten public offering of 7,500,000 units at a price to the public of $2.00 per unit, resulting in gross proceeds of $15.0 million. Each unit consists of one share of common stock and one warrant to purchase 0.5 shares of common stock at an exercise price of $3.00 per whole share.

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