Capstone Turbine Receives 4MW Order for Major Australian Manufacturer

Capstone Turbine (CPST) rose in Wednesday’s pre-market session after the company said it has received an order for four C1000 microturbines for a major Australian manufacturer.

Shares of the clean technology manufacturer of microturbine energy systems are up 7.9%, with a 52-week range of $0.30 – $1.25.

Capstone’s Australian distributor, Optimal Group, secured the order for the 4MW facility, which is scheduled to be commissioned in early 2016.

The four natural-gas-fueled 1MW microturbines will be installed in dual mode, which will allow the customer to operate independently of the grid or with the grid in a load sharing capacity. The microturbines will provide lower emission power and increased reliability to their manufacturing process.

Companies: Capstone Turbine Corporation
Price: 0.41 Price Change: +0.02 Percent Change: +5.32

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