Capstone 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.
Capstone Turbine receives Nasdaq approval to transfer listing On June 18, Capstone Turbine received approval from the Nasdaq Stock Market to transfer the listing of the company’s common stock from the Nasdaq Global Market to the Nasdaq Capital Market. This transfer will be effective at the opening of business on Monday, June 22. The company’s common stock will continue to trade under the symbol “CPST.” The Nasdaq Capital Market is a continuous trading market that operates in substantially the same manner as the Nasdaq Global Market and requires listed companies to meet certain financial requirements and comply with Nasdaq’s corporate governance requirements.