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Stock Market & Financial Investment News

News Breaks
August 19, 2014
08:42 EDTCPSTCapstone Turbine expands CHP footprint in Russian manufacturing sector
Capstone Turbine announced it has expanded its presence in Russia's manufacturing sector with two ultra-high efficiency combined heat and power, or CHP, projects. Capstone continues to grow its business in Russia despite geopolitical tensions and the latest round of U.S. and Russian sanctions. The two most recent CHP project installations illustrate the ongoing Capstone growth in Russia's manufacturing sector as BPC continues to add to its over 1500-unit Capstone fleet. The U.S. Treasury recently imposed additional sanctions prohibiting U.S. persons from providing new financing to three major Russian financial institutions. For Capstone's purposes, as a result of these new sanctions, U.S. entities cannot transact in, provide financing for, or otherwise deal in new debt of longer than 90 days maturity or new equity with Bank of Moscow, Russian Agricultural Bank, and VTB Bank OAO.
News For CPST From The Last 14 Days
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December 15, 2014
08:40 EDTCPSTCapstone Turbine up 11.3% after securing Mexican pipeline project
08:40 EDTCPSTCapstone Turbine secures order from Mexican pipeline project
Capstone Turbine announced that it received an order for six C800 microturbines and sixteen C30 microturbines for the second phase of the Los Ramones pipeline project in Eastern Mexico. Industrias Energetícas, Capstone's distributor in Mexico, secured the order, which is one of the largest in Capstone's history. The pipeline project is a part of the Mexican Energy Reform, which was established as a way to reduce electricity and gas prices in the country over a span of two years. The Energy Reform will also expedite natural gas production, from 5,700 million cubic feet a day, or Mcf/d, in 2013 to 8,000 Mcf/d in 2018 and 10,400 Mcf/d in 2025. The entire project will cost $2.5B and carry natural gas over a distance of 1,021 kilometers, supplying one-third of Mexico's natural gas needs at a much lower cost than that which is currently being shipped in liquefied form from the Middle East, Africa and South America. Six C800 high-pressure natural gas microturbines will be installed at two compression stations of the pipeline project and sixteen C30 microturbines at metering stations in between. The microturbine systems will all operate in stand-alone mode, acting as the primary source of power at each location.
December 8, 2014
08:31 EDTCPSTCapstone Turbine secures 3MW order to upgrade glasshouse in South Australia
Capstone Turbine announced that it received an order from Optimal Group for three C1000 microturbines to upgrade D'VineRipe's 27 hectare glasshouse located at Two Wells in South Australia. Optimal Group, Capstone's Australian distributor, secured the order, which is expected to be installed and commissioned in April 2015. Earlier this year, Capstone received an order from Optimal Group for fifty C65 microturbines with integrated heat exchangers for the launch of its microturbine based rental fleet. The D'VineRipe glasshouse project will increase the total amount of Capstone microturbine power in Australia to 18MW.

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