Capstone Turbine Corporation (NASDAQ:CPST) Sees Add-On Russian Order


Dallas, Texas 01/17/2014 (FINANCIALSTRENDS) – Capstone Turbine Corporation (NASDAQ:CPST) continues to lead the industry with its specialized turbine-based generating applications and source managers. As a developer and manufacturer of microturbine components and technology products/services the company has been able to entry markets looking for pure play technology services segments as well. Enterprises engaged in power generation applications for stationary distributed networks use the industrial products Capstone develops innovatively and manufacturers. The diversified and utility factor, features of the technical solutions have also led to the use of these solutions in generation centers where batteries are charged for use in hybrid vehicles.

Capstone Turbine Corporation (NASDAQ:CPST) has since been a key player in this industrial sector with varied stock performance benchmarks.  It currently has a market cap of $492.78 million and volume of 2,942,868, EPS at -0.06 and trades between 52 week high of $1.69 and 52 week low of 0.76. The current stock price for this microturbine solution maker is $1.59, which is slide of over 3.05% over average prices.

Positive on Russian order

Capstone Turbine Corporation (NASDAQ:CPST) did see positive momentum in the first week of January this year, following the announcement of additional Russian orders. The company had reported that it had received two orders –of the combined value of 24 mw – from its older distribution partner in Russia. The new orders however, will deal with the gas and pipeline collateral development. Capstone Turbine Corporation (NASDAQ:CPST) with its microturbine technology, popular as low-emission components will offer its expertise in the module-based development of the power station. The key concern in this project is the use of untreated gas for production. The use of associated gas in its untreated form is hazardous in nature, if emission-free or low-emission turbines are not used. The current wasted associated gas, in Russia, is roughly 40billion cm/year and capstone products are aligned to meet the challenge apparently!