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Stock Market & Financial Investment News

News Breaks
January 17, 2014
08:37 EDTCPSTCapstone Turbine receives multiple orders for customers in Permian Basin
Capstone Turbine announced that it has received orders for two Capstone C1000s and an order for 25 Capstone C65 microturbines to be used for oil and gas production in the Permian Basin located beneath west Texas and southeastern New Mexico. According to an October 2013 article in Investors Daily, the Permian Basin receives a fraction of the press coverage accorded the Bakken and Eagle Ford, but it has more production potential than these two shale formations combined. Horizon Power Systems secured the order for the two Capstone C1000 microturbines to be used by an independent oil and gas producer in the area. This marks Capstone's first multiple megawatt project in the Permian Basin after previously installing multiple C30s and C65s at project sites in the region. The C1000s will replace unreliable grid service from the local utility and be used to power the client-owned electric grid. This small local grid will supply power to various well locations in addition to the field operations office. The site is expected to be commissioned in March.
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August 21, 2014
08:43 EDTCPSTCapstone Turbine announces follow-on order for 75 C65s from Horizon Power
Capstone Turbine announced that it received an order for seventy five C65 microturbines, scheduled for shipment through December 2014, from Horizon Power Systems for several U.S. Oil and Gas Customers. The order was placed by Horizon Power Systems, Capstone's distributor for the Eagle Ford, Permian, Barnett, Mancos, San Juan, and Wattenberg shale plays. Recognizing Capstone's demonstrated success in oil and gas operations, multiple customers are again choosing clean and green microturbine technology to power their production and compression operations. This order will expand Horizon's fleet to approximately 700 Capstone microturbines, the majority of which serve the demanding oil and gas market. The microturbines will provide prime power and serve all stages of oil and gas production including central processing station power, wellhead operation, transmission, and flare reduction.
August 19, 2014
08:42 EDTCPSTCapstone Turbine expands CHP footprint in Russian manufacturing sector
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August 18, 2014
08:39 EDTCPSTCapstone Turbine receives 9MW factory protection plan contract
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August 14, 2014
08:49 EDTCPSTCapstone Turbine reports follow-on order for six C600s
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August 12, 2014
08:34 EDTCPSTCapstone Turbine receives C1000 order for Virgin Islands resort
Capstone Turbine announced that it received a one megawatt C1000 order to power an exclusive resort in the U.S. Virgin Islands. The order was secured by Energy Systems of the Caribbean, Capstone's distributor in the region. The resort was providing power to their facility with a costly, dated, and inefficient diesel reciprocating engine and was looking for a more cost effective, environmentally friendly and reliable alternative. They turned to Energy Systems of the Caribbean and Capstone Turbine to provide a clean and green solution that also lowered their operating cost.
August 11, 2014
08:36 EDTCPSTCapstone Turbine receives orders for 25 C65 microturbines
Capstone Turbine announced the receipt of orders for 25 Capstone C65 microturbines, totaling 1.6MW, for use in various commercial industrial combined heat and power, or CHP, and oil and gas applications in the Mid-Atlantic United States. E-Finity Distributed Generation, Capstone's distributor for the Mid-Atlantic and Southeastern U.S., secured the significant follow-on business.
August 7, 2014
18:41 EDTCPSTOn The Fly: After Hours Movers
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17:01 EDTCPSTCapstone Turbine reports Q1 EPS (2c), consensus (1c)
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