Energy
Capstone Backlog & Contract May Trump Earnings (CPST)
Published:
Last Updated:
Capstone Turbine Corporation (NASDAQ: CPST) has reported its long awaited earnings after today’s close. The microturbine energy systems manufacturer posted earnings of -$0.07 EPS on a 60% revenue gain to $9.3 million. First Call had estimates at -$0.05 EPS and $9.27 million.
The company further disclosed that its order backlog is now at $27.9 million, which represents a 113% sequential increase from last quarter and more than a 450% gain over the same quarter in 2007. To compare the backlog for reference its entire 2007 sales were about $21 million.
Frankly, we weren’t really looking at earnings as we disclosed in our full earnings preview because of the thin broker and analyst coverage that we thought the best focus was likely its backlog and its body language on its ability to secure newer and steady orders.
Besides earnings, the company secured a 3-year National Account Agreement with OfficePower, Inc. In addition, OfficePower placed its initial order under the agreement for approximately $3.5M including the first order for C1000 MicroTurbine® systems to be deployed in the U.S. market.
Shares closed up 1.5% at $3.41 today and its shares are down 1.7% at $3.41 in after-hours trading. This has been our top alternative energy pick and up more than 200% for our "10 Stocks Under $10" weekly subscriber letter and we aren’t really surprised at all in the overall lack of gains after such a large run. Who knows, maybe it will give an entry again for new money….
Jon C. Ogg
June 12, 2008
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
