Capstone Turbine Corp. (NASDAQ: CPST) keeps on delivering new orders. Now that the company is at the revenue stage, it keeps winning orders. After today’s close, the company announced that it has received an order for approximately $1.9 million from a multinational oil and gas company. The order is for Capstone’s C65 Class I Div 2 Microturbine systems for use in resource recovery applications on unmanned oil platforms.
As far as how this pertains to existing comparisons, Capstone generated $9.2 million in revenues last quarter. It also listed a backlog of some $13.1 million as of the end of 2007.
This is our favorite small cap alternative energy play, and we have been featuring this in our "10 Stocks Under $10" weekly letter since the stock was around $1.20. Capstone labels itself as the world’s leading clean technology manufacturer of microturbine energy systems. We noted long ago how Lazard Capital markets gave this one a $2.50 target. We feel this one has the potential og going up much more than that, and we keep this under our "under $10" screens daily.
Capstone shares closed down 1.2% in normal trading today, but shares are up some 3.8% to $1,63 in after-hours trading.
Jon C. Ogg
February 20, 2008
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
