Capstone Continues Order Receipts (CPST)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

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

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618