Capstone Turbine Corporation (NASDAQ:CPST) Climbs With New Orders


Dallas, Texas 01/22/2014 (FINANCIALSTRENDS) – Capstone Turbine Corporation (NASDAQ:CPST) is now in a comfortable position in terms of orders for the new fiscal , post the orders confirmed for the development and installation of microturbines  in permian Basin. The order will now facilitate the oil and gas production facilities in the region with its C1000s and Capstone C65 microturbines numbering two and 25 models respectively for each of the products.

Permian Basin re-orders

Capstone Turbine Corporation (NASDAQ:CPST) has previously executed successful projects in the Russian Permian Basin. The company had then used twin C1000 microturbines to provide independent oil as well as gas producers in the region to improve their output. The units in the older projects were limited to the use of Capstone 30s and Capstone 65 microturbines only.

Low emission products drive second order

Capstone Turbine Corporation (NASDAQ:CPST) new orders will now allow for 24 MW production for the Russia based association of gas and pipeline projects. The micro turbine technology innovator claims that the primary driver for the expansion in the order from Russia was the low-emission thresholds of the microturbine. The installations across the industry are essentially executed on  modular processes allowing for upgraded addition and removal of components.

Capstone Turbine Corporation (NASDAQ:CPST) holds a market capital of $534.62millin and posts a 52week high of $1.80 and 52 week low of $0.76. The EPS is -0.06. The stock currently trades in the range of $1.73, has since seen a fall in prices by 0.29% at the end of trading on Jan 21, 2014.

Operating from US, Capstone Turbine Corporation (NASDAQ:CPST) offers range of microturbine technologies for deployment in such applications which develop stationary distributed power generation. The company has now diversified from development to manufacturing as well as services delivery of microturbine technology solutions. The range of products that Capstone Turbine develops is now used as battery chargers for developing hybrid vehicles.