I like ...big white candle today,2.6 mil volume.
Close above the 50-day EMA .
T/A=Breakout above BB,Test 50-day EMA...Positive chart divergences.
http://stockcharts.com/def/servlet/SC.web?c=cpst
You might want to read this:
http://www.marketwatch.com/tools/quotes/newsarticle.asp?guid={42EE34DB-6DF8-4702-9A0F-7EB739E6E59E}&siteid=mktw&dist=nbs&symb=
Hope it helps...
Hope this link works better!
http://www.marketwatch.com/tools/quotes/quotes.asp?symb=cpst&vc=0&siteid=mktw&dist=dropmenu
Check the news.
Nice Pick ;)
the next barriers on this chart are only @ 1.52 (ema200), and 1.62 (descending resistance).
best regards, (applaud)
Well..Well
It did decide to move up. is there room for more? ???
Got some resistance @ $1.32.....support @ $1.12.
Both MACD AND Stoch. are bullish
Bought today CPST.
Looks like to rally soon.
http://finance.yahoo.com/q/pr?s=CPST
http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=cpst&time=&freq=
;D good day with volume and a move up.
a lot of news out. Will post news later.
Very Nice.... :o
CHATSWORTH, Calif., Jul 12, 2005 (BUSINESS WIRE) -- Capstone Turbine Corporation(R) (www.microturbine.com) (CPST, Trade), the world's leading manufacturer of microturbine energy systems, announced today that Walter "Chuck" McBride has been appointed as the company's Executive Vice President & Chief Financial Officer effective July 11, 2005.
McBride replaces Karen Clark, who had notified Capstone's Chief Executive Officer, John Tucker, that she is resigning to pursue other interests.
McBride most recently served as Executive Vice-President & CFO of First Consulting Group (FCG), Inc. (FCGI, Trade), an information technology services company.
"Over the past five years, Chuck was instrumental in FCG's transformation from a consulting company to a comprehensive IT services firm," Tucker said. "As a key member of FCG's leadership, the company doubled billable resources, acquired several companies both international and domestic, substantially increased cash and transformed FCG's operating model through aggressive cost cutting and process improvement.
"I feel strongly that Chuck is the right fit for Capstone as we move forward," Tucker added.
Prior to his employment with FCG, McBride served as the CFO for several innovative technology companies including Emulex (ELX, Trade), Kistler Aerospace, Unplugged Communication and CalComp.
McBride graduated from Ohio State University with a bachelor's degree in accounting/finance with honors. He earned a master's degree in computer systems management from the Rochester Institute of Technology. He is a member of Financial Executives International.
In conjunction with accepting employment with Capstone Turbine Corporation, McBride will receive a 10-year stock option grant to purchase 500,000 shares of the common stock of Capstone Turbine Corporation, 25% of which will vest after one year and the remaining 75% vest on a pro rata basis over the ensuing 48 months. McBride will receive an additional grant of 500,000 shares of the common stock of Capstone Turbine Corporation (subject to certain conditions) after completing six months of employment as Executive Vice President and Chief Financial Officer. The exercise price for options granted to McBride will be the fair market value of Capstone Turbine Corporation's common stock on the business day prior to the applicable option grant.
Regarding Clark's resignation, Tucker commented, "Karen was instrumental in many positive initiatives and accomplishments here at Capstone over the last three years. We thank her for her efforts and she has our best wishes for continued professional success."
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com) (CPST, Trade) is the world's leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial energy products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has shipped more than 3,000 Capstone MicroTurbine(R) systems to customers worldwide. These award-winning systems have logged more than 9 million hours of documented operation. An ISO 9001:2000 certified company, Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Milan and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
SOURCE: Capstone Turbine Corporation
Capstone Turbine Corporation
General Media:
Keith Field, 818-407-3615
or
Investor/Investment Media:
Cynthia Martinez, 818-407-3628
Copyright Business Wire 2005
Setravis,
Like this chart alot. Did you buy? Is it too late?
Thanks
Tommyt,
Yes I'm in. This looks to have some major resistance @ $1.89 might be getting a little top heavy. I would wait and watch for a pull back to take a position if it then look good for the entry.
It's hard to keep it a straight in my head, but CPST and CPTS both looks great. I'll watch for that pullback. Thanks.
Thanks for the tip on CPTS. I'll add to my watch.
Breakout
Resistance @ $1.89
Support @ $1.84
MACD & Stochastic are bullish
*************************************************************************
Capstone First to Gain UL on Generators for NEC Class...
CHATSWORTH, Calif., Jul 14, 2005 (BUSINESS WIRE) -- Capstone Turbine Corporation(R) (www.microturbine.com) (CPST, Trade), the world's leading manufacturer of microturbine energy systems, today announced that Underwriters Laboratories Inc. has confirmed that Capstone successfully completed certification testing on its new 30-kilowatt product specifically designed for hazardous oil & gas applications. This certification states that the 30-kilowatt product meets the stringent NEC Class I, Division 2, Groups C and D classification where explosive gases may be present under abnormal conditions.
According to the UL's Hazardous Locations Gas & Oil Group, which completed its certification testing of Capstone's 30R-SD4-ZJXX product last Monday, Capstone is the first stationary engine manufacturer to receive UL certification for NEC Class I, Division 2. The formal listing process will be completed in the next few weeks and will note that the 30-kilowatt Class I, Division 2, Groups C and D certification will be for hazardous area operating temperature class T2 (300 degrees C). The unit is protected with Type X pressurization in accordance with NFPA 496.
"This wellhead gas fueled microturbine product for offshore and other hazardous area locations is exactly what our oil company customers have been seeking," said Capstone CEO John R. Tucker. "As resource recovery system, our microturbine products have several distinct advantages over competing technologies. Achieving this UL certification is an important milestone of our strategic plan. This success further demonstrates our focus and continued progress against our corporate objectives, and positions Capstone MicroTurbines(R) to be the preferred electric generators for this demanding oil and gas application."
Tucker noted that Capstone satisfied a previously received order for two "hazardous area placement" C30 CID2 units that are now being commissioned on a Louisiana offshore platform. Capstone has been active in the research and development of offshore products for several years, including the installation of microturbine products with several multinational operators on oil and gas platforms in the Gulf of Mexico, Bay of Campeche, Gulf of Alaska, the North Sea and Mediterranean Sea.
An NEC Class I, Division 2 60-kilowatt C60 Offshore model is expected to be submitted to UL for certification and available later this year.
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com) (CPST, Trade) is the world's leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial energy products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has shipped more than 3,000 Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than 9 million hours of documented operation. An ISO 9001:2000 certified company, Capstone Turbine is headquartered in the Los Angeles area with sales and service centers in New York, Milan and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
Forgot the chart.
Approaching resistance at 1.90, can really go for a ride if it breaks
An up day is always nice....
Capstone Turbine Expects New Cogeneration Promotion by KeySpan Energy to Lead to...
CHATSWORTH, Calif., Jul 25, 2005 (BUSINESS WIRE) -- Capstone Turbine Corporation(R) (www.microturbine.com) (CPST, Trade) stated today that KeySpan Energy Delivery has developed with Capstone a marketing promotional mailer for the sale, installation and factory direct service of Capstone MicroTurbine(R) on-site power generation products. "This has the strong possibility to lead to significant additional sales of Capstone MicroTurbines," said John R. Tucker, Capstone's Chief Executive Officer. KeySpan Energy Delivery is a subsidiary company of KeySpan Corporation (KSE, Trade), which is the fifth largest distributor of natural gas in the United States and the largest in the Northeast, operating regulated gas utilities in New York, Massachusetts, and New Hampshire that serve 2.6 million customers.
The KeySpan promotional materials quote Mr. Mike DeFazio, Vice President of Operations for Alpha Plastics in Brooklyn, New York, a KeySpan customer who is benefiting from the advantages of Capstone MicroTurbines, as saying, "Prior to purchasing the Capstone MicroTurbines we were strictly buying electricity off the grid. The folks at Capstone were fantastic and their response time was excellent. The unit is compact, about the size of a large refrigerator, and we're generating about 40% of our electricity from it at present with plans to generate 100%. Our energy cost savings are already in the 30 to 35% range and the equipment requires minimum maintenance. There's also the added benefit of avoiding power interruptions which can be costly to a manufacturing operation."
KeySpan Energy Delivery recently mailed the KeySpan-Capstone sales incentive materials to commercial and industrial natural gas customers in portions of Brooklyn, Queens, Staten Island and Long Island. The informational brochure states that KeySpan will provide a "free, no-obligation feasibility study illustrating how natural-gas powered Capstone MicroTurbine distributed generation can lower the customer's energy costs and improve their bottom line."
In the KeySpan-Capstone promotion, KeySpan Energy Delivery is highlighting Capstone MicroTurbine products, which are available in a variety of configurations, that allow the customers to utilize exhaust heat from the turbines for heating, cooling, or a combination of heating and cooling, in addition to electricity generation. Capstone will provide factory direct service contracts for the microturbine installations, which will be sold and serviced by Capstone New York.
KeySpan Energy Delivery has mailed the informational brochure featuring the Capstone MicroTurbine equipment, headlined "Guaranteed Energy Cost Savings," to its commercial and industrial gas customers in the target market area. An electronic copy of the brochure is available on the Capstone website home page at www.microturbine.com.
Mr. Tucker commented, "We are excited about this sales opportunity, and what it can do for both companies. We are delighted the nation's fifth largest natural gas utility has selected Capstone to deliver the benefits of on-site cogeneration to its customers. Our current order backlog of 17.1 megawatts of generating capacity as of July 7, 2005, is greater than our total sales for the prior fiscal year, which ended March 31, 2005. And over two megawatts of this backlog, as we announced June 14, is already scheduled for installation within the KeySpan natural gas distribution area. This existing backlog of orders does not include any of the additional anticipated sales orders from our New York office as a result of this recently announced KeySpan-Capstone joint marketing/sales program." Mr. Tucker further noted, "This sales effort is another major step forward for Capstone in expanding our presence in the marketplace, increasing our traction, and gaining increased customer acceptance."
Any recommendations or advise on this one at the time. The news looks good but i dont know if the current rise has taken all this into consideration. Thank you
Resistance @ $1.90, approaching this again.Failed to break it the first go around,took a dip and now making another run at it.
I think if it breaks this it could run.Has support @ $1.84.
Break through the resistanc @ $1.90
Volume and price action.
Press Release Source: Capstone Turbine Corporation
Capstone Turbine Corp. Files for NYC Dept. of Buildings MEA Approval
Tuesday August 2, 9:01 am ET
BROOKLYN, N.Y.--(BUSINESS WIRE)--Aug. 2, 2005--The New York sales and service facility of Capstone Turbine Corporation® (www.microturbine.com; Nasdaq:CPST - News) said today that it has filed with the New York City Department of Buildings (NYCDoB) MEA Division a Materials Equipment Acceptance (MEA) application which will significantly simplify the permitting and installation approval of Capstone-branded microturbines in the five boroughs of New York City.
ADVERTISEMENT
The NYCDoB confirmed that Capstone has received an interim filing submittal number that will be referenced on all Department of Buildings filings that are necessary to secure contractor work permits for citywide installations of Capstone-branded microturbine equipment.
Over the last twelve months, Capstone has worked diligently with the city to file the necessary MEA documents to make Capstone the first in the industry to standardize its OEM and Applications Engineering Process for New York, the company said. As a result of this effort, Capstone will now provide an MEA submittal filing number with each application to the Building Department. This will allow property owners, architects and engineers to secure the necessary plan approvals from the Department of Buildings so building permits can be filed for installation of Capstone products. In the MEA filing, Capstone has included all of the UL approvals and proper installation methods for its equipment, thereby creating a "standard" installation that the Department of Buildings and any other agency or entity within the city or state will recognize as the manufacturer's approved OEM configuration, the company said.
"We have created a `cookie cutter' concept for the sale and installation of Capstone MicroTurbine®-branded products in the five boroughs of New York City," said Capstone Chief Executive Officer John R. Tucker. "We anticipate that the New York City Department of Buildings will soon require all manufacturers of on-site power generators to have New York City MEA approval before they can sell or install their equipment in the city. Therefore, we have proactively taken this step to insure that our ability to provide equipment to the largest potential distributed generation marketplace in North America is not interrupted.
"Of course, this filing continues to make Capstone MicroTurbine energy solutions more economically advantageous to businesses and public facilities than any other competing product. It also enables more rapid deployment and commissioning through standardized installations, so our New York customers can begin reducing their utility costs and power demand with minimum delay. This is particularly important in light of last week's record high power demand reported by ConEdison and the blackout in Brooklyn last week reported by the New York Times. Combined with the recently announced Capstone MicroTurbine incentive program by KeySpan Energy Delivery, the East Coast's largest natural gas utility, we expect to see continued growth opportunities for Capstone MicroTurbine sales in New York City," Tucker added.
Speaking from Capstone's Brooklyn office, Allen McNair, Capstone's Vice-President of Sales for the Americas, commented, "This offers a huge market advantage for Capstone. Our New York team has been working with the NYCDoB to fulfill all their requirements and make this MEA standard a reality. This filing approval, plus the enthusiastic support of KeySpan Energy Delivery, the ease of our system interconnect with ConEdison, and our pre-approval with the New York State Public Service Commission positions our clean, efficient energy solutions head and shoulders above anything else on the market."
Looking good....
+8.64% volume 1.7 mil
Now up +20.91%
Nice volume and price action today
What a monster! You were all over this >:D Who's your daddy CPST? Set is, lol ;) (APPLAUD)
a double plus since ur first call. very nice.
applaud
Press Release Source: Capstone Turbine Corporation
Capstone Turbine to Announce First Quarter Results Aug. 10, 2005
Thursday August 4, 9:00 am ET
CHATSWORTH, Calif.--(BUSINESS WIRE)--Aug. 4, 2005--Capstone Turbine Corporation® (www.microturbine.com; Nasdaq:CPST - News), the world's leading manufacturer of microturbine energy systems, will release financial results for the first quarter ended June 30, 2005, at the close of the market on Wednesday, Aug. 10, 2005.
The company will hold a live webcast to discuss the financial results and future plans and prospects. Any investor or interested individual can listen to the webcast, which is scheduled to begin at 1:45 p.m. PDT (4:45 p.m. EDT) on Aug. 10, 2005, by logging on to the company's investor relations webpage at www.microturbine.com/ir. A replay of the webcast will be available on the site for 90 days.
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com) (Nasdaq:CPST - News) is the world's leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial energy products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has shipped more than 3,000 Capstone MicroTurbine® systems to customers worldwide. These award-winning systems have logged more than 9.3 million runtime hours of documented operation. An ISO 9001:2000-certified company, Capstone Turbine is headquartered in the Los Angeles area, with sales and/or service centers in New York, Milan and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
--------------------------------------------------------------------------------
Contact:
Capstone Turbine Corporation
Investor and Investment Media:
Alice Barsoomian, 818-407-3643
or
General Media:
Keith Field, 818-407-3615
--------------------------------------------------------------------------------
Source: Capstone Turbine Corporation
Capstone Turbine Earnings Conference Call (Q1 2006)
Scheduled to start Wed, Aug 10, 2005, 4:45 pm Eastern
Active in the pre-market
+12%
How much more can it rise? I think profit taking should start today as it has doubled in last 5 days? Any comments...
What will be decent exit point... 30% appreciation ( 3.5 - 3.7)
Dhiraj
Press Release Source: Capstone Turbine Corporation
Federal Energy Bill Provides Significant Economic Benefits to Users of Microturbines
Monday August 8, 9:03 am ET
Is Expected to Boost Capstone Microturbine Sales, CEO Says
CHATSWORTH, Calif.--(BUSINESS WIRE)--Aug. 8, 2005--The national energy bill passed by the U.S. Congress July 29 provides significant economic benefits for businesses that invest in clean distributed generation technologies -- including microturbines -- according to John R. Tucker, Chief Executive Officer of Capstone Turbine Corporation® (www.microturbine.com; Nasdaq:CPST - News), the world's leading manufacturer of microturbine energy systems.
"The bill contains a 10% tax incentive for businesses to buy and conserve energy with microturbine generators," Tucker said. "It also offers users of advanced microturbine energy systems direct payments from the U.S. Department of Energy for every kilowatt-hour they generate. This policy, and others in the energy bill, will create significant additional economic advantages for customers who invest in microturbines, beyond the every day savings and energy reliability inherent in microturbine technology."
Today at Sandia Laboratories in New Mexico, President Bush is expected to sign the bill into law in a room near the offices of the research center's Distributed Energy Technology Laboratory (DETL) where a Capstone C30 microturbine has been operating since 2002.
The company estimates that the return on investment of a typical Southern California installation of its microturbines would be as little as two years, net of applicable state and the new federal incentives. Payback would be about three years without the federal incentives. For microturbine installations in New York, the company estimates that the return on investment of a typical installation would be reduced from 3 years to 28 months, an improvement of 8 months.
"We are very pleased that the federal energy bill specifically recognizes microturbines as an important part of the nation's proposed policy to create cleaner, more fuel efficient energy," Tucker said. "Of all the alternate energy systems addressed by this bill, Capstone MicroTurbines, with nearly 10,000,000 total fleet runtime operating hours, are the lowest cost, most commercially viable technology available to the growing DG market. We expect the many provisions of the new energy policy to have a very positive impact on Capstone MicroTurbine® sales."
"The new energy bill also recognizes that on-site generation with microturbines is highly energy efficient, utilizing up to 80% of the total energy in natural gas, propane, and other fuels, with the added benefit of being able to utilize fuels that otherwise would simply go to waste and increase air pollution, such as landfill biogas and oilfield flare gases," Tucker said. "The environmental advantage is important because our C60 microturbines produce each kilowatt of energy with far fewer pollutants than competing technologies, including utility power plants, when comparing US EPA test reports."
Other aspects of the bill deemed favorable to the sale of microturbines include a 1.5 cent per kilowatt-hour renewable energy production credit for biogas fueled installations, a requirement that electric utilities offer grid interconnection based on a nationwide standard, as well as other incentive programs to accelerate distributed generation and combined heat and power (CHP).
all I can say is WOW :o and applaud
10Q is out - looks horrendous
CHATSWORTH, Calif., Aug 10, 2005 (BUSINESS WIRE) -- Capstone Turbine Corporation(R) (CPST, Trade) (www.microturbine.com) reported results for the first quarter of fiscal year 2006 on Form 10-Q filed with the Securities and Exchange Commission on August 9, 2005.
Backlog increased to 15.5 megawatts at quarter-end, up 94% from the prior year comparable quarter, and sequentially up 44% from the fourth quarter.
Financial Summary
Capstone's financial results for the first quarter of fiscal 2006 included revenue of $3.8 million, down $1.6 million from $5.4 million reported for the fourth quarter of fiscal 2005. The majority of the decrease was due to staging of approximately $1.5 million of finished product for rapid response to the New York market. Additionally, approximately $0.6 million in revenue was delayed pending payments from certain international customers.
Backlog at the end of the first quarter of fiscal 2006 was 15.5 megawatts, consisting of backlog at the beginning of the quarter of 10.8 megawatts, orders during the quarter of 8.1 megawatts and shipments of 3.4 megawatts.
The reported gross loss was $3.4 million for the first quarter of fiscal 2006, an increase of $1.6 million from the $1.8 million loss reported in the fourth quarter of fiscal 2005. The primary reason for the change between periods resulted from a benefit of $1.6 million recorded in the prior quarter, and $0.6 million expense in the current quarter, or a net $2.2 million change in gross profit.
Operating Costs and Expenses were $7.9 million for the quarter, down $0.7 million from the prior quarter, primarily due to $0.9 million of benefits reported from the Department of Energy (DOE) cost sharing programs in the current quarter.
Capstone's net loss was $10.9 million, an increase of $0.9 million from the $10 million loss reported in the fourth quarter of fiscal 2005. The first quarter of fiscal 2006 reported net loss was $0.13 per share as compared with $0.12 the previous quarter.
Cash usage in the first quarter was $11.6 million, a decrease of $0.6 million from the prior quarter's cash usage of $12.1 million. The lower cash usage was attributable to less cash used in investing activities and lower operating cash usage.
Cash and cash equivalents at the end of the quarter were $52 million.
Business Summary
John Tucker, Capstone's President and CEO said, "Over the past two months we have continued to demonstrate tangible progress towards our mission of becoming the world leader in distributed power generation." Listed below is a brief summary of our recent operating accomplishments:
Filed Materials Equipment Acceptance (MEA) application with the New York City Department of Buildings MEA Division which will significantly simplify the permitting and installation approval of Capstone-branded microturbines in the five boroughs of New York City. (Aug. 2, 2005)
KeySpan Energy Delivery developed with Capstone a marketing promotional mailer for the sale, installation and factory direct service of Capstone MicroTurbine(R) on-site power generation products. KeySpan Energy Delivery is a subsidiary of KeySpan Corporation (KSE, Trade), which is the fifth largest distributor of natural gas in the United States and the largest in the Northeast, operating regulated gas utilities in New York, Massachusetts and New Hampshire that serve 2.6 million customers. (July 25, 2005)
Successfully completed certification testing on a new 30-kilowatt product specifically designed for hazardous oil and gas applications with Underwriters Laboratories, Inc. (UL). This certification states that the 30-kilowatt product meets the stringent NEC Class I, Division 2, Groups C and D classification where explosive gases may be present under abnormal conditions. (July 14, 2005)
Received large follow-up Russian order amounting to a total of 1.7 megawatts for both C30 and C60 kilowatt microturbine products. (July 6, 2005)
Signed National Sales representative Agreement with WESCO Distribution, Inc., the primary operating entity for Pittsburg-based WESCO International, Inc. (WCC, Trade). WESCO Distribution, Inc. a leading distributor of electrical construction products and electrical and industrial maintenance, repair and operating supplies and is the nation's largest provider of integrated supply services. (July 6, 2005)
In addition to these accomplishments, we were pleased to see the National Energy Bill signed by President Bush. This Bill provides incentives for companies to utilize microturbines for their power generation requirements including a 10% credit for the purchase of stationary microturbine power plants. Additionally, the Energy Tax Incentives Act of 2005 provides $2.7 billion of incentives for energy efficiency and conservation, both features of our microturbines.
Conference Call
The Company will host a conference call today, Wednesday, August 10, at 1:45 p.m. Pacific Standard Time. Access to the live broadcast and a replay of the webcast will be available for 90-days through the Company's website: www.microturbine.com.
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com) (CPST, Trade) is the world's leading producer of low-emission microturbine systems. In 1998, Capstone was the first to offer commercial energy products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has shipped more than 3,000 Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than 9.4 million runtime hours of documented operation. An ISO 9001:2000 certified company, Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Milan and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about Capstone's business, with regard to, among other items, expectations of reaching cash flow positive or positive gross margin, reducing cash usage, increasing sales, penetrating target markets, the success of customers' applications, and expected results from Capstone's sales offices. Forward-looking statements may be identified by words such as "believe," "expects," "objective," "intend," "targeted," "plan," "on track" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Many of these risks and uncertainties are described in our periodic filings with the Securities and Exchange Commission. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
CAPSTONE TURBINE CORPORATION
CONSOLIDATED BALANCE SHEETS
(Unaudited)
June 30, March 31,
2005 2005
Current Assets:
Cash and cash equivalents $52,008,000 $63,593,000
Accounts receivable, net of allowance for
doubtful accounts and sales returns of
$569,000 at June 30, 2005 and $536,000 at
March 31, 2005 3,629,000 3,150,000
Inventory 13,025,000 11,273,000
Prepaid expenses and other current assets 1,305,000 912,000
Assets held for sale 80,000 80,000
------------ ------------
Total current assets 70,047,000 79,008,000
------------ ------------
Equipment and Leasehold Improvements:
Machinery, equipment, and furniture 18,928,000 18,760,000
Leasehold improvements 8,583,000 8,563,000
Molds and tooling 3,123,000 3,096,000
------------ ------------
30,634,000 30,419,000
Less accumulated depreciation and
amortization 20,935,000 19,890,000
------------ ------------
Total equipment and leasehold improvements,
net 9,699,000 10,529,000
Non-Current Portion of Inventory 3,337,000 3,990,000
Intangible Asset, net 1,360,000 1,427,000
Other Assets 236,000 236,000
------------ ------------
Total $84,679,000 $95,190,000
------------ ------------
Liabilities and Shareholders' Equity
Current Liabilities:
Accounts payable $2,908,000 $3,324,000
Accrued salaries and wages 1,642,000 1,442,000
Other accrued liabilities 2,656,000 2,472,000
Accrued warranty reserve 8,658,000 8,667,000
Deferred revenue 1,871,000 1,522,000
Current portion of notes payable obligations 19,000 19,000
------------ ------------
Total current liabilities 17,754,000 17,446,000
------------ ------------
Long-Term Portion of Notes Payable
Obligations 60,000 64,000
Other Long-Term Liabilities 875,000 1,002,000
Commitments and Contingencies
Shareholders' Equity:
Preferred stock, $.001 par value; 10,000,000
shares authorized; none issued
Common stock, $.001 par value; 415,000,000
shares authorized; 85,462,741 shares issued
and 84,911,533 shares outstanding at June
30, 2005; 85,379,446 shares issued and
84,828,238 shares outstanding at March 31,
2005 85,000 85,000
Additional paid-in capital 531,071,000 530,931,000
Accumulated deficit (464,334,000)(453,469,000)
Less: Deferred stock compensation (319,000) (356,000)
Less treasury stock, at cost; 551,208 shares (513,000) (513,000)
------------ ------------
Total shareholders' equity 65,990,000 76,678,000
------------ ------------
Total $84,679,000 $95,190,000
------------ ------------
CAPSTONE TURBINE CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended June 30
---------------------------
2005 2004
------------ ------------
Revenues $3,807,000 $2,955,000
Cost of Goods Sold 7,224,000 5,431,000
------------ ------------
Gross Loss (3,417,000) (2,476,000)
Operating Costs and Expenses:
Research and development 2,105,000 3,414,000
Selling, general and administrative 5,737,000 4,867,000
------------ ------------
Total operating costs and
expenses 7,842,000 8,281,000
------------ ------------
Loss from Operations (11,259,000) (10,757,000)
Interest Income 396,000 244,000
Interest Expense (2,000) (20,000)
Other Income 2,000 1,000
------------ ------------
Loss Before Income Taxes (10,863,000) (10,532,000)
Provision for Income Taxes 2,000 2,000
------------ ------------
Net Loss $(10,865,000) $(10,534,000)
============ ============
Weighted Average Common Shares Outstanding 84,575,256 84,239,797
============ ============
Net Loss Per Share of Common Stock -- Basic
and Diluted $(0.13) $(0.13)
============ ============
SOURCE: Capstone Turbine Corporation
Capstone Turbine Corporation
Keith Field (media), 818-734-5465
or
John Tucker / Chuck McBride (investor), 818-734-5300
Copyright Business Wire 2005 ********************************************************************** As of Saturday, 08-06-2005 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated an UPTREND on 06-15-2005 for CPST @ $1.11. (C) 2005 Comtex News Network, Inc. All rights reserved.
CHATSWORTH, Calif., Aug 10, 2005 (BUSINESS WIRE) -- Capstone Turbine Corporation(R) (www.microturbine.com) (CPST, Trade), the world's leading manufacturer of microturbine energy systems, confirmed today that it has received an order for more than 1.5 megawatts of propane-fueled Capstone MicroTurbine(R) energy systems from its distributor in Mexico.
According to the Mexico City newspaper Reforma, the government of Mexico issued a contract to install distributed generation systems at three government office buildings in Mexico City. Capstone distributor Areche Ingenieros, S.A. de C.V. has been awarded the contract.
"Mexico represents a tremendous opportunity for our products due to grid reliability issues and the high cost of electricity. Our C60's new fuel flexibility and 10-second fast transfer capability from utility grid to backup power make it a perfect product fit for the Mexican marketplace. This new order further supports our decision to open a Mexico City sales and service facility, which I recently mentioned in our fiscal year end conference call," said Capstone CEO John R. Tucker.
"We are very impressed with Capstone as an innovator and as a manufacturer of proven reliable equipment," said Carlos Arechederra, General Manager of Areche Ingenieros, one of Mexico's largest distributors of air handling systems for buildings. "We are proud to be able to make Capstone products available to our many business and government clients."
Capstone recently qualified its C60 microturbine product to run on propane. The systems can easily switch between propane and natural gas via a simple software setting, without requiring any injector or other internal fuel system changes. Two of the three buildings will be transitioned from propane to natural gas at a later date, pending infrastructure work by the gas utility. The third building, in a historic Mexico City square, will remain propane-fueled.
One of the smaller buildings will use an array of five dual-mode Capstone C60s to generate 300 kilowatts for daily baseload and backup power. The two other buildings will use a combined cooling, heating and power (CCHP) configuration in which exhaust from their arrays will transfer heat into absorption chillers that convert waste heat energy for air conditioning, further reducing electric demand.
"This is a great start for our colleagues at Areche Ingenieros, one of Mexico's leading companies in the field of heating, ventilation and air conditioning. They have a solid history of work with government and commercial buildings," said Tony Hynes, Capstone's Vice-President of Sales & Service. "We expect these new sites will serve as showcase facilities demonstrating how other sites in Mexico can cleanly and reliably conserve energy and energy costs utilizing Capstone products."
8)
End of day chart.
Close a penny off the high of day ;D
Press Release Source: Capstone Turbine Corporation
Capstone MicroTurbines at Military Facility Surpass Operating Milestone
Monday August 15, 9:01 am ET
Capstone to Exhibit ICHP Model at Federal Energy Show Today
CHATSWORTH, Calif.--(BUSINESS WIRE)--Aug. 15, 2005--Capstone Turbine Corporation® (www.microturbine.com; Nasdaq:CPST - News), the world's leading manufacturer of microturbine energy systems, announced that two of its 60-kilowatt microturbines currently operating at a military facility in California recently surpassed a milestone of 25,000 hours of near continuous operation.
ADVERTISEMENT
"We have a few dozen Capstone MicroTurbines® at military facilities in the U.S. and abroad, but this two-unit array, commissioned three years ago this month, was one of the first," said Capstone Chief Executive Officer John R. Tucker. "Although we don't have permission from the US Military to disclose the facility by name or location, what I can tell you is that the Department of Defense is at the forefront of a program for reliable, clean, efficient on-site energy production with reduced emissions. We're very proud at Capstone to have been selected for this project three years ago, and to be part of the Department of Defense's vision and leadership which is setting the example for other such military installations."
The two C60 Capstone MicroTurbines create up to 120 kilowatts (kW) of power 24/7, to reduce demand on the local utility grid. The Capstone system's near-zero-emission exhaust is ported to a custom, third-party heat exchanger to heat a water loop at the facility, offsetting boiler use.
"As good as that solution was at the time and still continues to be, our current C60-ICHP with an integrated heat exchanger, is an even better solution," said Allen McNair, Capstone's Vice-President of Sales for the Americas.
The company will be displaying its current C60-ICHP system at this week's Energy 2005, a federal and military energy efficiency trade show opening today in Long Beach, California.
"Our 80% efficient C60-ICHP model produces 60 kW of three-phase power and 120 kW of thermal energy," said McNair. "According to DOE statistics, conventional boilers and utility power generators burn approximately 50% more fuel to create those same energy outputs."
Move to the upside today,volume back up. ;D
Support @ $3.00.......Resistance @ $3.39
Candlestick formation today = Bullish Engulfing, we will see if get conformation.
MACD is bullish...Stochastic pointing north coming out of oversold area.
This pup is looking good.
Broke through Resistance @ $3.39 :o
+10.51%.......Last price quote $3.47
Good call setravis,
this just popped up on my radar - bought high at 3.55, but I don't think too high, I have a feeling this breakout could follow bcon, now there's one I wish I got in on last week.!!
What's your price target on CPST?
Keep up the good work ;)
[Edit] just went back and read the rest of this thread - holy moly!!! You done well with this un, me boy!! Much respect to your spotting skills :o
[applaud] Setravis
CPST flag breakout today. Bought some @ $3.64 and I wound up buying the rest at $3.81 after CNBC mentioned it. >:(
Quote from: ScottishTrader on August 24, 2005, 10:41:03 AM
Good call setravis,
this just popped up on my radar - bought high at 3.55, but I don't think too high, I have a feeling this breakout could follow bcon, now there's one I wish I got in on last week.!!
What's your price target on CPST?
Keep up the good work ;)
[Edit] just went back and read the rest of this thread - holy moly!!! You done well with this un, me boy!! Much respect to your spotting skills :o
Some possible targets...$4......$5.....$6 You have to look back with a 4 year chart to see the last time that this stock was @ those price levels.
Analyst 1 year target...$5.00
I don't have a set target,I will continue to hold until the chart tells me to sell.
Thanks for the kind words and applaud,Scottish Trader and PerfectSage.
Awesome.... ;)
CPST P&F Pattern: Double Top Breakout on 24-Aug-2005
Bullish Price Obj: $8.75
Anyone have a price target ? ;D
Thanks !
Doess anyone think that yesterdays dump of BCON will have an effect on other energy stocks like CPST and MCEL?? The general pullback yesterday afternoon got me concerned...
Scottish Trader as long as CPST stays above the Aug 8th $3.51 high CPST will be fine and expect it to get back above $4.00 Consider this intraday downtrend that started yesterday afternoon to be a retest of that $3.51 high.
I have an admission to make... got out of CPST again yesterday just before close on the fallback for about a 7% gain, relatively small in comparison to overall yesterday, but bought straight into MCEL at 2.21, which has been ripping again today. In hindsight, not a bad move IMO :)
I promised myself I would not get into daytrading, but with BCONs drop, I had the feeling this might go down. will keep an eye the next couple of days to see if it stabilises, and perhaps retests around 3.51. If so, I'll be back in don't you worry!!
Cheers!
Looking at the CPST 1/2 hourly chart, it looks suspiciously like a flag breakout. Price target > $5.00
Quote from: PerfectSage on August 26, 2005, 10:32:37 AM
Looking at the CPST 1/2 hourly chart, it looks suspiciously like a flag breakout. Price target > $5.00
Welcome back!
Enjoy PerfectSage....I know, "I have"!! ;D
Very nice..and all those indicators you have posted with you chart,
All pointing north.... ;)
Hey setravis, CPST is on it's way to $5 after breaking through resistance at $4 ;D
;)
A bullish afternoon.....and a bullish close to finish a very nice
trading day for this one ;)
Have a great weekend! 8)
CAPSTONE TURBINE C (NasdaqNM:CPST) Delayed quote data
Last Trade: 4.19
Trade Time: 4:00PM ET
Change: 0.55 (15.11%)
Prev Close: 3.64
Open: 3.69
Bid: 4.16 x 400
Ask: 4.19 x 1000
1y Target Est: 5.00
Day's Range: 3.65 - 4.23
52wk Range: 0.89 - 4.13
Volume: 7,686,775
Avg Vol (3m): 1,762,460
Market Cap: 355.78M
P/E (ttm): N/A
EPS (ttm): -0.47
Div & Yield: N/A (N/A)
;D
What a bullish day,what a bullish move !
As clear as the nose on your face,a clear cut breakout!
Support @ $3.67...3.39...3.28
MACD is bullish
Stochastic is bearish
Technicals
Record Price High
Most Actives
Percentage Gainer
Last Price Quote is:
27.10%above 13-day EMA
73.87%above 50-day EMA
RS Rating: 99
Fundamentals
Market Cap (M): $355.78
Last Analyst Rating: Monitor
Hot in the pre-market
+16.71%......Volume 507,000
Their products can save between 30-35% savings on energy !
Keyspan promotes CPST turbins products !
Jim Cramer says this can go to $20 !
It's Hotttttt.... :o
It's @ $5.05 in after hours trading,been as high as $5.26
Did you get in this REALDEALS21 ?
Capstone Turbine upgraded by First Albany
Briefing.com (Mon 6:52am)
UPGRADES & DOWNGRADES HISTORY
Date Research Firm Action From To
29-Aug-05 First Albany Upgrade Neutral Buy
Cramer's 'Mad Money' Recap: A Feather in Capstone's Cap
By TheStreet.com Staff
8/29/2005 7:27 PM EDT
Click here for more stories by TheStreet.com Staff
An energy play whose time has come is Capstone Turbine (CPST:Nasdaq - commentary - research - Cramer's Take), said Jim Cramer Monday on his "Mad Money" TV show.
Capstone makes natural gas-powered micro turbine generators for business and home use. Capstone recently signed agreements with KeySpan (KSE:NYSE - commentary - research - Cramer's Take) and Consolidated Edison (ED:NYSE - commentary - research - Cramer's Take) to promote its products in the New York area. Capstone's shares have moved from $2 to $4.50 in the past month, but the stock should really take off as the company moves west, Cramer said.
;DCapstone is poised for "triple-digit revenue growth for the next several years," said Cramer, because it has a cost-effective way to produce energy.
8)One caveat, though, because the stock has already moved up so rapidly in such a short amount of time, Cramer said one should wait for a pullback before buying the shares.
A caller wanted to know if alternative energy such as solar would ever be a big player in the energy market. No, Cramer said. Germany and France are the only countries really encouraging solar's use, he said. It's simply not an economical alternative under any realistic energy scenario.
[APPLAUDE!]
A Cramer pump is always good for a few extra points but IMO also means TAKE SOME OFF THE TABLE.
Again, JMHO.
Good job!
;D
Active in the pre-market
+14.13%.......Volume.....1.4 mil
What a run. Pump up the Volume! ;D
Support @ 4.88....4.39....4.25
MACD is bullish.....Stochastic is bullish
Technicals
Record Volume
Record Price High
Most Actives
Gap Up
Last Price Quote is:
48.74%above 13-day EMA
107.79%above 50-day EMA
RS Rating: 99
Alternative energy stocks rally
Record gasoline prices send sector sharply higher
By Ciara Linnane, MarketWatch
Last Update: 4:06 PM ET Aug. 30, 2005
NEW YORK (MarketWatch) - Shares of alternative energy companies rallied Tuesday as gasoline futures surged to record levels amid concerns about the damage to petroleum facilities caused by Hurricane Katrina.
Unleaded-gasoline futures for October delivery climbed as much as 20.1% on the New York Mercantile Exchange to a fresh closing high of $2.4745 a gallon as traders continued to assess reports from facilities in the Gulf of Mexico.
Supply concerns also boosted crude futures to a record $70.85 a barrel during the session, before it closed off that peak at $69.81, up 3.9% on the day. Natural gas rallied 5% and closed at $11.659 per million British thermal units.
"There is clear desperation among physical players actually looking for wet barrels of gasoline, and their desperation is leading to eye-popping premiums above gasoline futures," said Tom Kloza, chief oil analyst at Oil Price Information Service.
"The panic is greater than anything I have seen since the Iranian Revolution.
At the retail level, the average price for a gallon of regular unleaded stood at $2.604 Tuesday, according to AAA's Daily Fuel Gauge Report. That's slightly below the record $2.614 on Aug. 22, but 39% above the $1.874 of a year ago.
Analysts said prices will continue to set records as more information trickles in - but even that process could take weeks.
"Oil and natural-gas prices will remain high given the magnitude of the near-term impact and the potential for long-term damages, plus the potential for additional, unexpected supply disruptions in such a low spare capacity environment," said Brian Gibbons at CreditSights.
Against this background, shares of alternative energy companies surged. The sector is popular with speculative investors, who are betting the technology being developed today will have more widespread commercial acceptance in the future. For now, however, most of the companies are loss-making.
Capstone Turbine (CPST: news, chart, profile) , which makes power generators, was a key advancer, rising for the fourth-consecutive session. The stock added 9.8% on Monday on expectations of lengthy power outages in the hurricane's wake and an upgrade from First Albany.
Capstone closed up 11.7% at $5.14.
Other gainers included hydrogen storage systems company Millennium Cell (MCEL: news, chart, profile) , which ended up 11.3% at $2.57; FuelCell Energy (FCEL: news, chart, profile) , up 8% at $10.30, Plug Power (PLUG: news, chart, profile) , which added 8.3% to $6.77, and Mechanical Technology (MKTY: news, chart, profile) , up 13.1% at $3.45.
Ballard Power Systems (BLDP: news, chart, profile) powered up 16.2% to $5.23.
The company's shareholders on Monday approved the sale of its 50.1% stake in Ballard Power Systems AG to Ford and DaimlerChrysler.
Once the deal closes, Daimler and Ford will provide Ballard with up to $59 in development funding for the next generation of vehicular fuel cell and electric drive train technology.
"The company's balance sheet should improve as a result of this transaction," said BMO Nesbitt Burns analyst Brian Piccioni, who rates the shares market perform.
Elsewhere, Energy Conversion Devices (ENER: news, chart, profile) , a company which specializes in solar, hybrid-electric and fuel cell technologies for a range of applications, finished up 6% at $34.41.
UQM Technologies (UQM: news, chart, profile) , which is also developing electric power systems for battery electric, hybrid electric and fuel cell electric vehicles, was up 4.5% at $3.87.
Valence Technology (VLNC: news, chart, profile) , which says it offers the industry's first commercial large-format lithium-ion rechargeable batteries, was up 0.3% at $2.96.
Katrina Sparks Power Play
By Lawrence Carrel Published: August 30, 2005
--------------------------------------------------------------------------------
Capstone Turbine Corp.(CPST)
--------------------------------------------------------------------------------
Share price as of Monday's close: $4.60
Share price now: $5.14
Change: 11.7%
Volume: 4.3 million shares, daily average 2.2 million shares
Last time this low: Jan. 11, 2002
52-week high: $4.84
52-week low: 89 cents
Forward P/E before news: n/a
Forward P/E after news: n/a
--------------------------------------------------------------------------------
THE DEVASTATING BLOW delivered by Katrina to the nation's oil and gas operations has investors buying providers of alternative energy for a second day in a row.
Shares of Capstone Turbine (CPST) climbed 12% to a three-year high of $5.14 Tuesday on speculation that the maker of electricity- and heat-producing microturbines will benefit from the disaster along the Gulf Coast. Not only do the Chatsworth, Calif., company's power generators serve as backup systems, an attractive prospect in the blacked-out region, but they also run cleaner and burn fuel more efficiently than traditional energy sources. Capstone's stock rose 10% Monday.
"The issue I see is that the higher the price of oil gets, the more folks begin to think alternative energy sources like Capstone's microturbines will be cost-effective," says David Kurzman, managing partner of Kurzman Partners, a New York hedge fund. (Neither Kurzman nor his hedge fund own shares of Capstone Turbine.)
Oil futures jumped $3.65 to $70.85 a barrel on Tuesday, an intraday record on the New York Mercantile Exchange. By the close, the benchmark October light sweet crude futures gained $2.61 to an unprecedented settlement of $69.81. Heating oil and gasoline futures also rose to record levels. The Bush Administration said it would consider releasing oil from the country's strategic petroleum reserves to offset the lost production caused by the hurricane. Officials in Louisiana and Mississippi warned that it could take weeks to get rigs, pipelines and refineries back up to full speed. Damage caused by wind, waves and flooding is still being assessed.
Capstone specializes in microturbines for commercial markets. The systems can be used as backups to traditional power grids or serve as a primary source of heat or electricity for remote facilities. While the microturbines require natural gas, diesel, kerosene, propane or even flare gases produced by landfills to run, they make better use of the fuel sources and give off fewer emissions. Even before Katrina, Capstone's technology was garnering attention from Wall Street as new orders came in and federal legislation made microturbines more attractive financially.
"Three things are driving the stock: rising oil prices, Congress's recently passed energy plan and the one-time boost due to Katrina, the last of which will probably dissipate pretty quickly," says Kurzman.
A week after closing at a 52-week low of 92 cents on June 8, Capstone received orders to supply and service 2.4 megawatts of its 60-kilowatt microturbine systems for customers in New York and New Jersey. In early July, the company announced a follow-on order from Russia for a total of 1.7 megawatts of both 60- and 30-kilowatt microturbines. Then, on July 29, Congress passed a bill providing economic benefits to companies investing in clean-energy technologies. Specifically, the legislation gives a 10% tax incentive for businesses to purchase microturbine generators. Capstone's stock has has rocketed 459% from its June 8 low.
"It offers users of advanced microturbine energy systems direct payments from the U.S. Department of Energy for every kilowatt-hour they generate," said Capstone Chief Executive John Tucker at the time the bill was passed. "This policy, and others in the energy bill, will create significant additional economic advantages for customers who invest in microturbines, beyond the everyday savings and energy reliability inherent in microturbine technology." Capstone didn't return phone calls seeking comment on Tuesday.
A few days later, the Mexican government gave Capstone an order for more than 1.5 megawatts of propane-fueled microturbine systems. Plans call for the installation of the generation systems at three government office buildings in Mexico City.
"While the shares have appreciated meaningfully, we believe further upside potential remains," wrote First Albany analyst Sanjay Shrestha on Monday in a note upgrading Capstone's stock to Buy from Neutral. "Management's clear focus on providing an economic value proposition with higher product reliability, targeted end markets and enhanced distribution channels should lead to meaningful growth over the next several years." (Shrestha doesn't own shares of Capstone Turbine; First Albany doesn't have an investment-banking relationship with the company.)
Based on Energy Department projections, Shrestha wrote that installed capacity for distributed power generation in the U.S. could double to six gigawatts by 2010. That could translate into annual revenue of $425 million for Capstone over this time frame.
"We believe this growth trajectory is also well supported by the large distributed generation market potential in just major metropolitan areas," wrote Shrestha, adding that, "the New York market could alone represents a 10-gigawatt opportunity."
In the meantime, Capstone is losing a lot of money. For its fiscal year ended March 31, Capstone reported a net loss of $39.4 million, or 47 cents a share, vs. $47.7 million, or 58 cents, for the previous year. Revenue increased 35% to $17.0 million. For the first fiscal quarter ended June 30, the company lost $10.9 million, or 13 cents a share, compared with $10.5 million, or 13 cents, in the same period last year. While revenue leapt 29% year-over-year to $3.8 million, sequentially sales fell 30% from $5.4 million in the fiscal fourth quarter. Capstone has $50 million in cash, but no positive cash flow and a cash-burn rate of about $10 million a quarter. For the current fiscal year ending in March, the company is projected to lose 50 cents a share.
"It looks like Capstone will burn through all its cash in five quarters. That means it has a year and a half left unless it makes some money," says Peter Cohan, president of Peter S. Cohan & Associates, a management-consulting and venture-capital firm in Marlborough, Mass. "Meanwhile, it's trading at a price-to-sales ratio of 22, which is 10 to 15 times greater than the industry ratio. People think events like a hurricane will transform a money-losing company into a gold mine, but at some point the hype has to turn into financial reality, and it doesn't look like that will happen in the next year." (Cohan doesn't own shares of Capstone Turbine; Peter S. Cohan & Associates doesn't have a business relationship with the company.)
Quote:
"I think this is more hype than reality, and I'm uneasy with the valuation at these levels," says Kurzman, the hedge-fund manager who is also a former alternative-energy analyst. "The microturbines are good technology, but I'm not convinced they are cost-effective. And it doesn't appear that Capstone offers anything substantially better than other types of back-up power. To its credit, Capstone has garnered some contracts recently, but there is nothing in the energy bill that will benefit them directly. Meanwhile, you have a $430 million market cap for a company burning cash and that hasn't generated any gross profits yet."
Great job on both the technicals and fundamentals, setravis. Applause.
Your chart with the two trendlines got me wondering if this one will end in a Bump and Run Reversal (BARR) after the rally finishes, especially if the analyst is right about their burn rate:
QuoteMeanwhile, you have a $430 million market cap for a company burning cash and that hasn't generated any gross profits yet."
Here's a link to the Bump and Run Reversal pattern and it's characteristics, if you're interested:
http://www.stockcharts.com/education/ChartAnalysis/barr.html
Quote from: Melf Elf on August 31, 2005, 08:02:51 AM
Great job on both the technicals and fundamentals, setravis. Applause.
Your chart with the two trendlines got me wondering if this one will end in a Bump and Run Reversal (BARR) after the rally finishes, especially if the analyst is right about their burn rate:
Thanks for the good grade given to me Melf Elf.
You do bring up a good point about the (BARR) Bump and Run Reversal.
Something to think about.
Holding up..... 8)
One of the nicest looking pennants you'll see. I think CPST has one more breakout left in her.
How sweet it is..... ;D :o
Just made new 52 week HIGH ! NICE ! ;D
Guru Picks
Gurus Plug Into Alternative Energy
Matt Rand; data provided by Marketocracy, 09.08.05, 6:00 AM ET
BURLINGAME, CALIF. - Prepare your portfolio for profit into next year. Click here now to download our new special report: "Forbes Guru Picks: Eight Great Investments Going Into 2006."
Though oil prices have relented slightly (down to the mid-$60s per barrel) from their late-summer run up to more than $70 per barrel last week, the best-performing investors at Marketocracy feel that energy is a pretty safe bet going forward. Last week, two of their top buys were Louisiana oil and gas stocks Stone Energy and Energy Partners. They put even more money ($106,155) than their combined investment in those two companies into a fuel-cell stock.
Both Louisiana oil and gas companies were new positions last week for the gurus. Both have evacuated their headquarters because of Hurricane Katrina's ravages, with New Orleans-based Energy Partners (nyse: EPL - news - people ) taking up temporary residence in Houston. Both, however, have said that after an initial assessment of damage, they've determined that their properties and equipment are salvageable.
Energy Partners said the damage to its facilities ranged from next to nothing in some facilities to major damage to the buildings (but not the equipment) at its East Shelf facility. Stone said that its damage was minor and it could be producing again in a couple of weeks.
Special Offer: By shifting into and out of different styles and sectors of the market, Marketocracy's M100 have beaten the S&P 500 soundly since November 2001. Click here for a full list of the names the smart money is buying now in the Marketocracy MarketScope newsletter.
Of course, that doesn't speak to the distribution issues the companies may face, or the logistics of housing employees in the area. These are definitely companies who've taken a punch. But Stone was operating with 40% margins, and is valued, at $52.49, at 1.5 times its pre-Katrina book value. If its claims of little damage are true, that strong ratio will stay put. Energy Partners might have a little more trouble getting repairs made, with only $5.7 million in cash and already $222 million in debt. But it has underperformed the exchange tradedEnergy Select SPDR (amex: XLE - news - people ) by more than 10% in the last three months, missing out on the energy sector's recent run. If the company can resume production quickly, they may be poised to outperform the sector.
In alternative energy, there have been big winners this summer. Fuel-cell companies like Capstone Turbine (nasdaq: CPST - news - people ), Distributed Energy (nasdaq: DESC - news - people ) and Beacon Power (nasdaq: BCON - news - people ) have all added to the riches of their shareholders. Capstone Turbine, for example, has quintupled since June. Mississauga, Ontario-based Hydrogenics (nasdaq: HYGS - news - people )has not been invited to the party, however. In fact, it's lost about 30% as the others have prospered, falling from its mid-March high of $5.38 to its recent close of $3.75.
Hydrogenics' second-quarter revenue of $6.3 million was down 44% from the first quarter, but up 75.9% over the second quarter of last year. That comes out to a $9.5 million net loss, or 10 cents per share. But the company did have a lot of orders and finished the quarter with a $19.1 million backlog. That backlog means that Hydrogenics was only able to deliver on a quarter of its existing backlog plus new orders throughout the second quarter. The company could be profitable if it were able to deliver as much power as its customers want. Gurus started a large position in the stock, indicating that they think production capabilities will catch up to customer demand. It's never a bad thing to have customers.
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Even larger than their investment in Hydrogenics was the M100's buy of $138,541 worth of Chinese wireless company Linktone (nasdaq: LTON - news - people ). The company, which sells wireless services like ringtones and messaging, trades for $8.88, is basically flat on 2005, after dipping to $6 in May and fighting back up. Though Wall Street institutions only hold 12.9% of shares, Wall Street analysts are predicting annual growth over the next five years of 40%, putting the company's price-to-earnings-growth ratio at a paltry 0.4. Gurus bought up 15,601 shares at that PEG ratio.
Rounding out the top buys was relatively low-tech energy company James River Coal (nasdaq: JRCC - news - people ). The Richmond, Va.-based company mines coal in Kentucky and trades for $50.42 per share.
On the sell side, the M100 dumped all of their shares of an assortment of companies. One was the New York-based pharmaceutical Bristol-Myers Squibb (nyse: BMY - news - people ). Shares had been trading at around $25 all summer, but recently slid 4% down to the $24 level.
Another sell-off was Chattanooga, Tenn.-based insurance company UnumProvident (nyse: UNM - news - people ). Gurus were able to take profit on the shares, which have slowly and steadily climbed about 20% since springtime, to a recent close of $19.24. Even there, it's still trading at just 0.7 times book value.
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Gurus also unloaded shares of three acquisition targets. They sold their shares of May Department Stores (nyse: MAY - news - people ), which runs Filene's Basement and Lord & Taylor, after Federated Department Stores' (nyse: FD - news - people ) $11 billion acquisition of the company closed on Aug. 30. The stock has been trading at about $40 since the deal was announced earlier in the year.
Marketocracy's best stock selectors also sold shares of Old Greenwich, Conn.-based petroleum refiner Premcor (nyse: PCO - news - people ), which was acquired by Valero Energy (nyse: VLO - news - people ). The M100 bought the shares in mid-May, when the stock was in the mid-$60 range and sold last week, when it topped $80, for a 25% gain. The stock has since slipped back to $73.29.
In addition, they sold all of their shares of Louisville, Colo.-based Storage Technology (nyse: STK - news - people ), a data storage company that was acquired by Sun Microsystems (nasdaq: SUNW - news - people ) for $4.1 billion. It's been trading near $36 since the deal was announced earlier in the summer. The acquisitions of all three companies closed last week.
Guru Buys:
Linktone (nasdaq: LTON - news - people )
Hydrogenics (nasdaq: HYGS - news - people )
Stone Energy (nyse: SGY - news - people )
James River Coal (nasdaq: JRCC - news - people )
Energy Partners (nyse: EPL - news - people )
Guru Sells:
Bristol-Myers Squibb (nyse: BMY - news - people )
UnumProvident (nyse: UNM - news - people )
May Department Stores (nyse: MAY - news - people )
Premcor (nyse: PCO - news - people )
Storage Technology (nyse: STK - news - people )
Capstone Turbine files for $150 mln mixed shelf
Thu Sep 8, 2005 06:23 AM ET
WASHINGTON, Sept 8 (Reuters) - Capstone Turbine Corp. (CPST.O: Quote, Profile, Research) , a producer of low-emission microturbines, filed with regulators on Thursday to periodically sell up to $150 million in common and preferred stock and debt securities.
The Chatsworth, California-based company said in a filing with the U.S. Securities and Exchange Commission that it would use the proceeds for general corporate purposes, including working capital, capital expenditures, acquisitions and repurchases or redemptions of securities.
Under a shelf registration, a company may sell securities in one or more separate offerings, with the size, price and terms determined at the time of sale.
© Reuters 2005. All Rights Reserved.
What is the latest target on this one and the game plan?
This stock is unreal. I thought the shelf filing would finish it off, but it goes up 13%. I believe even First Albany only had a $6 target for it and that was for 1 year.
its going to be an exciting day fellas.. lots of volume pre-market. >:D
more upside or time to short? opinions?
It is time we part company....Sold CPST!!! Time for me to take profits :o
I have loved the ride.... ;D
Moving to the upside today after this recent
50% fibonacci retracement.Could be ready for another run north.
Nice rebound from the 50% Fibonacci but wonder about the last 30 mins downtrend
that represented about 20% day's volume. Will see tomorrow's opening, but fully agree have to keep it in our radar. ::)
jorgegr
Moving to the upside today after this recent
50% fibonacci retracement.Could be ready for another run north.
Support @ $3.35...2.90...1.90
Resistance @ $4.00...5.20...5.68
Recent CandleStick Analysis
Very Bullish
Sept-29-2005 Bullish Engulfing
Technicals
Close Above the 50-day EMA
Most Actives
Percentage Gainer
Last Price Quote is:
-11.97%below 13-day EMA
1.59%above 50-day EMA
RS Rating: 99
Fundamentals
Key Data:
Market Cap (M): $355.78
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 11/10/2005
Last Analyst Rating: Buy
I have a strong buy signal on this one. Pulling the trigger on MOnday if it continues to head north.
Play it again Sam.....in @ $2.40
MACD has bottomed....may be ready for a run north.
That's what I thought but elite isn't thrilled with it. He thinks it needs confirmation, otherwise it might be fake.
Quote from: OneStockMind on October 18, 2005, 11:00:27 AM
That's what I thought but elite isn't thrilled with it. He thinks it needs confirmation, otherwise it might be fake.
I set a tight stop and rolled the dice... ;D
Get some....... ;D
This market is oversold. I'm waiting for the rise!
Support @ $2.45...1.82...1.38
Resistance @ $2.88...3.38...4.13
MACD is bearish
Stochastic is bearish
Technicals
Most Actives
Percentage Gainer
Last Price Quote is:
-5.76%below 13-day EMA
-20.94%below 50-day EMA
RS Rating: 98
Fundamentals
Key Data:
Market Cap (M): $199.54
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 11/10/2005
Last Analyst Rating: Buy
setravis,
yup, saw that yesterday afternoon (shame I didn't see it in the morning!!) had checked out CPST and BCON again before this, but thought that BCON was making a stronger formation - there was a small symmetric triangle, but it broke to the downside on Fri, though it may still turnaround - seems like BCON is forming a bottom.
But it looks like CPST has broken its descending resistance, and decisively with a nice marubozu. I would look for confirmation of this Monday, but then as this was something of a darling stock a couple of months ago, there may well be a lot of otheer people doing likewise, and having the weekend to check up on potential speculative plays, adds to this possibility that a lot of people will buy in Monday.
I think its worth the chance, but as you said, just don't ggive it the leeway to pullback. This needs to consolidate and move up to confirm the descending trend breakout. Will see on Monday.
Looks like we may have a trend change....I will probably be entering monday. Need to see higher volume though!
"Buy the breakouts, sell the breakdowns."
-cal
Friday's candle was more or less a head fake...I am intrigued by volume so far today....
Isn't this basically dilution??
Recent News:
Capstone Turbine Completes Offering
Monday October 24, 5:30 am ET
CHATSWORTH, Calif.--(BUSINESS WIRE)--Oct. 24, 2005--Capstone Turbine Corporation® (www.microturbine.com; Nasdaq:CPST - News) announced today that, effective October 21, 2005, it had completed the previously announced registered offering of the company's common stock. Pursuant to the offering, the company issued a total of 17,000,000 shares of its common stock, resulting in gross proceeds of approximately $41.4 million.
"We are pleased to have significantly strengthened our cash and liquidity position as a result of this offering and remain committed to achieving our long-term goals. We believe that Capstone's MicroTurbine family of products will continue to offer the best value in the market to our customers. We are excited to welcome our new shareholders and appreciate the continuing support of our existing shareholders," said John R. Tucker, Chief Executive Officer of Capstone Turbine Corporation.
About Capstone Turbine
Capstone Turbine Corporation (Nasdaq:CPST - News) is the world's leading producer of low-emission microturbine systems and was the first to market commercially viable microturbine energy products. The company has shipped more than 3,200 Capstone MicroTurbines® to customers worldwide. These award-winning systems have logged more than 10 million runtime hours of documented operation. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 company, Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Milan and Tokyo.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, with regard to, among other items, the belief that Capstone products will offer the best customer value. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan," "driving to" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
"Capstone Turbine Corp" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
--------------------------------------------------------------------------------
Just purchased CPST against my instincts... 1000 shares at 2.65 - If nothing else this may be good for 8-10% ;D
Moving today.....
Now @ +6.69%.......Volume @.......1,719,825
My position is finally in the green. CPST getting frisky! >:D
• Capstone Turbine to Announce Second Quarter Results Nov. 10, 2005
Business Wire (Wed 6:18pm)
• Capstone Turbine Earnings Call scheduled for Thu, Nov 10
CCBN (Wed 7:10pm)
News Link: http://finance.yahoo.com/q/h?s=CPST
Nice looking day. ;D
MACD is turning and oversold !
Support @ $2.67...2.27...1.90
Resistance @ $2.90...3.06...3.43...5.14
Technicals
Close Above the 13-day EMA
Percentage Gainer
Last Price Quote is:
8.85%above 13-day EMA
-9.44%below 50-day EMA
RS Rating: 97
Fundamentals
Earnings Expected on Nov 10
Key Data:
Market Cap (M): $206.34
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 11/10/2005
Last Analyst Rating: Buy
Almost showing confirmation need those crosses
pivot 2.82 2.90 first resistance like u said...
tommorrow will tell....
Nice movement and volume today, EMA's heading up. Like how it broke it's previous reaction high.
Looks like a small double bottom with nice volume compression on the down days and volume expansion on the up days. All in all I think we've bottomed. Good low risk entry point for those not already in. All IMHO.
Good conference call yesterday. Lot's of potential sales.
Link: http://biz.yahoo.com/cc/2/62572.html
Support @ $2.24...1.90...1.68
Resistance @ $2.81...3.39...5.14
Technicals
Most Actives
Percentage Gainer
Last Price Quote is:
8.79%above 13-day EMA
-4.60%below 50-day EMA
RS Rating: 27
Fundamentals
Key Data:
Market Cap (M): $233.51
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 02/08/2006
Last Analyst Rating: Buy
Quote from: setravis on October 18, 2005, 10:55:47 AM
Play it again Sam.....in @ $2.40
MACD has bottomed....may be ready for a run north.
Quote from: calven on October 24, 2005, 11:40:38 AM
Just purchased CPST against my instincts... 1000 shares at 2.65 - If nothing else this may be good for 8-10% ;D
I will applaud you calven!!!!!!!! ;D
Quote from: calven on November 02, 2005, 11:39:46 AM
Looks like we may have a trend change....I will probably be entering monday. Need to see higher volume though!
Buy the breakouts, sell the breakdowns.
Just purchased CPST against my instincts... 1000 shares at 2.65 - If nothing else this may be good for 8-10% Grin
My position is finally in the green. CPST getting frisky! >:D
-cal
Think im going to "applaud" myself....
CPST up 26% and more AH...
It looks like CPST is going higher next week. Rumor going around is that UTC Power, a subsidiary of United Technologies (UTX), installed equipment using Capstone parts at a Walmart store.
wow! Cramer pump back in effect.
Action in the pre-market....... :o
+22.78%......Volume @ 1,420,880
Cramer confirmed the Wallmart rumor. This stock is going to rock today! The volatility should also prove to be a good day trade today.
;D
Nice analysis setravis (applaud)
Think we made good recommendations on this one...
Over 60% gains
North bound today.... 8)
Where you at Calven ? Did take the profit, :) or did hang in there for a little more? ;)
I'm still hanging in there! ;D
News Link: 2 articles out on Friday
http://finance.yahoo.com/q/h?s=CPST
Press Release Source: Capstone Turbine Corporation
May be help moving it in the pre-market
+4.60%........Volume @........316,735
Capstone Introduces a New Generation of MicroTurbine Energy Systems
Tuesday December 6, 8:00 am ET
CHATSWORTH, Calif.--(BUSINESS WIRE)--Dec. 6, 2005--Capstone Turbine Corporation® (www.microturbine.com; Nasdaq:CPST), the world's leading manufacturer of microturbine energy systems, announced today at the Power-Gen International trade show that next month the company will begin shipping an enhanced line of 65-kilowatt microturbine models that will replace its popular C60 series of power and heat generators.
"Reflective of our commitment to continuously improve our product performance, I'm very pleased to announce that effective January 2006, the Capstone C60 microturbine will be replaced by the C65, with an installed output of 65 kilowatts, 29% electrical efficiency, and NOx emissions of less than 5 parts per million," said Capstone CEO John R. Tucker. "This approximate 8.5% increase in electrical output, 4% increase in efficiency, and a 45% reduction in NOx output, is reflective of our continuing engineering effort to provide our customers with the best distributed generation product available."
The new natural gas fueled C65 and C65-ICHP (with factory-integrated heat recovery) will deliver higher electrical and thermal output without any change to the product's weight and dimensions, which are much lighter and more compact than similar capacity generators. This reduces footprint requirements and enables greater flexibility in indoor, outdoor and rooftop siting.
The new 65-kilowatt models retain the many advantages that set Capstone MicroTurbines® apart from competing distributed generation products, including:
Just one moving part: no gearbox, no radiator, no fluid pumps, etc.
Air-cooling and patented air bearings, meaning no oil, lubricants, coolants or other hazmats
Comparably quiet, vibration-free operation
Sub-10-second automatic fast transfer to load-following stand-alone operation in the event of a power outage
Qualifies for 10% federal tax credit and many regional clean, efficient energy incentive programs
Cleaner and more fuel efficient power and heat generation than conventional sources
The C65-ICHP delivers 80% total fuel efficiency: measured at end-user loads
Pre-certified grid interconnect and air permitting where applicable
Built-in capability to array up to 20 units together as one with energy security multiple redundancy
Integrated synchronizing & load-sharing is built-in, no additional equipment needed
Indoor, outdoor or rooftop installation
Easy integration into energy management systems
Optional remote monitoring, dispatch, diagnostics
Made in USA
Capstone will also introduce a variation of the 65-kilowatt machine which uses waste flare gases from landfills or sewage treatment plants as fuel to create renewable energy. The new CR65 - the "R" for renewable - will be available with an optional stainless steel integrated heat exchanger. Because the new CR65 is more than double the output of the C30 that it replaces, customers will be able to realize a significant reduction in the installed cost of their systems. The result of this reduction is better economics and a shorter payback period.
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com; Nasdaq: CPST) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped more than 3,200 Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than 10 million documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 certified company, Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Mexico City, Milan, Shanghai and Tokyo.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, with regard to, among other items, plans to introduce a new product line and its operating characteristics and competitive advantages. Forward-looking statements may be identified by words such as "expect," "believe" and similar phrases. These statements are subject to numerous assumptions, risks and uncertainties described in Capstone's SEC filings that may cause Capstone's actual results to be materially different. These statements speak only as of the date of this release. Capstone disclaims any obligation to revise these statements hereafter.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
Editors:
Publication-quality photos of Capstone MicroTurbines are at: www.microturbine.com/whatsnew/morePhotos.asp?newsid=386
Datasheets on Capstone MicroTurbines are at: www.microturbine.com/technology/specsheets.asp
Contact:
Capstone Turbine Corporation
General Media:
Keith Field, 818-407-3615
or
Investor and Investment Media:
Alice Barsoomian, 818-407-3628
--------------------------------------------------------------------------------
Source: Capstone Turbine Corporation
CAPSTONE TURBINE C (NasdaqNM:CPST) Delayed quote data
Last Trade: 3.71
Trade Time: 3:14PM ET
Change: 0.17 (4.80%)
Prev Close: 3.54
Open: 3.52
Bid: 3.70 x 6600
Ask: 3.71 x 4700
1y Target Est: 5.50
Day's Range: 3.47 - 3.74
52wk Range: 0.89 - 5.89
Volume: 2,295,615
Avg Vol (3m): 8,330,190
Market Cap: 316.80M
P/E (ttm): N/A
EPS (ttm): -0.48
Div & Yield: N/A (N/A)
Has found support ,getting a nice bounce...... ;D
+12.15%........Volume @.....6,853,831
moving.....
+7.92%......Volume @.......2,242,935
Anyone else notice the big spike halfway through the day today on "no news"??? Certainly looked interesting enough to buy in for me - in at 3.52.
Also borke out of a big triangle on this move, volume is up, and little resistance below $4.
May see some news and positive movement tomorrow...
Quote from: ScottishTrader on January 11, 2006, 04:30:00 PM
Anyone else notice the big spike halfway through the day today on "no news"??? Certainly looked interesting enough to buy in for me - in at 3.52.
Also borke out of a big triangle on this move, volume is up, and little resistance below $4.
May see some news and positive movement tomorrow...
Leave the office for most of the day and come back, all sorts of good things went on.. ;D
Thanks for the chart work ScottishTrader =Applaud
Good luck with your trade....make some $$$.... ;)
Press Release Source: Capstone Turbine Corporation
Capstone MicroTurbines at RI Natural Gas Co. Surpass 45,000 Operating Hours
Wednesday January 11, 8:05 am ET
Innovative Power Generators Have Operated Nearly Non-Stop for More than 5 Years
CHATSWORTH, Calif.--(BUSINESS WIRE)--Jan. 11, 2006--Capstone Turbine Corporation® (www.microturbine.com; Nasdaq: CPST - News), the world's leading manufacturer of microturbine energy systems, announced that two of its 30-kilowatt microturbines currently operating at New England Gas Company in Rhode Island surpassed a milestone of more than 45,000 hours of near continuous operation.
"New England Gas Company, which serves more than a quarter-million customers in Rhode Island and Massachusetts, was an early supporter of distributed generation," said Capstone CEO John R. Tucker. "Their two Capstone C30s have been running nearly non-stop for more than five years, accumulating more than 45,000 hours of operation thus far."
"We are elated with the performance of these Capstone MicroTurbine® systems at our Cumberland facility," said New England Gas Company CEO Thomas C. Robillard. "We believe that this product, and its proven reliability, enhances the viability of distributed generation. I'm also pleased to see Capstone now leading the charge here in the Northeast for energy conservation using clean, efficient distributed generation."
The gas utility's two C30 systems create power 24/7, reducing demand on the local utility grid. "We're focused on seeing how far we can push the two little beauties we've been running here since 2000," said New England Gas Company Technician Bob Tousignant.
Capstone MicroTurbines are very low emission, very high efficiency generators of power and heat used to reduce energy costs and increase energy security at a variety of businesses and public facilities. With only one moving part and no need for oil, lubricant, coolant, other hazardous materials or even water, Capstone MicroTurbines are most often deployed in combined heat and power (CHP) applications in which the exhaust heat is used to heat water or to drive absorption chillers - which create cold from heat energy instead of electric energy - in combined cooling, heating and power (CCHP) applications.
Several examples of Capstone's CHP and CCHP installations will be featured at the US Department of Energy's Microturbine Applications Workshop (www.ms.ornl.gov/maw06/default.html) being held next week in San Francisco. In addition to several end-user presentations, the workshop will feature a tour January 19 of a utility site in Oakland that operates an array of ten C60 Capstone MicroTurbines as well as a tour highlighting four 60-kilowatt Capstone-made systems driving an OEM CCHP installation at the San Francisco Ritz-Carlton Hotel.
About New England Gas Company
New England Gas Company, headquartered in Providence, Rhode Island, serves over 290,000 residential and commercial customers in Rhode Island and Massachusetts and employs more than 700 people. It is a division of Southern Union Company (NYSE: SUG - News). Southern Union Company, headquartered in Wilkes-Barre, Pennsylvania, is engaged primarily in the transportation and distribution of natural gas. For more information, visit www.negasco.com or www.southernunionco.com .
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com; Nasdaq: CPST) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped more than 3,200 Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than 10 million documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 certified company, Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Mexico City, Milan, Shanghai and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about Capstone's business, with regard to, among other items, Capstone products enhancing the viability of distributed generation. Forward-looking statements may be identified by words such as "expect," "believe" and similar phrases. These statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone's actual results to be materially different. These statements speak only as of the date of this release. Capstone disclaims any obligation to revise these statements hereafter.
Editors:
A photo of the two C30s operating at New England Gas is at: www.microturbine.com/whatsnew/morePhotos.asp?newsid=376
Information on the DOE Workshop noted above is at: www.ms.ornl.gov/maw06/default.html , a detailed agenda is at: www.ms.ornl.gov/maw06/pdfs/maw06_agenda.pdf
Spec sheets on Capstone MicroTurbine models are at: www.microturbine.com/technology/specsheets.asp
Example case studies are at: www.microturbine.com/onsite
Contact:
Capstone Turbine Corporation
Investor and Investment Media:
Alice Barsoomian, 818-407-3628
or
General Media:
Keith Field, 818-407-3615
--------------------------------------------------------------------------------
Source: Capstone Turbine Corporation
Saw that piece, but it was released first thing in the morning and didn't seem noteworthy enough to warrrant the sudden mid day spike.
Today has shown a little pullback so far, but 3.48 zone seems to be holding. The 3 month chart shows a very nice ascending triangle breakout from key resistance at 3.34. So for now, I will hold as long as it does not close below this level - represents a risk of just over 5%. Next target 3.80+ - may have legs to get above 4?
Triangle formation nearing its point.
Looks to have formed a Symmetrical Triangle (continuation) Pattern.
Based on the high volume up days, IMHO, I think this one will breakout to the upside.
13-dma is nearing crossover of the 50-dma.
Recent CandleStick Analysis
Very Bearish
Jan-12-2006 Bearish Doji Star.....but as always need futher confirmation.
Today a White Candlestick was formed. This represents normal buying pressure.
Support @ $3.58...3.35...2.89
Resistance @ $3.81...4.29...5.14
Technicals
MACD looks about to cross center and go Bullish
Stochastic is Bullish
Last Price Quote is:
8.68%above 13-day EMA
9.86%above 50-day EMA
RS Rating: 90
Fundamentals
Key Data:
Market Cap (M): $307.41
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 02/08/2006
Last Analyst Rating: Buy
Looks like we have a major breakout on CPST today ;D
on this news:
http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=cpst&script=410&layout=7&item_id=807601
Is up almost 14% pre-market, with over 750,000 shares already traded this morning. Pushing $4 and should break easily into $4 range today. Head up :o
Well, I guess I was a little overexcited yesterday in my expectations, but I still believe CPST can break $4 soon. It sold off pretty steadily for most of the morning, bottoming at what I see now as key support at 3.63 - the level of the highest recent closes. It regained some ground, but was stumped at resistance at 3.85. This looks now to be the next important barrier to get through.
However, the news yesterday was big, and while it did not guarantee any deals, opens up an important new revenue channel, which has major implications to Capstone's bottom line. I think as the news is digested, this will have a positive impact on the share price.
Technically, after the breakout from the major symmetric triangle, it retraced down the descending support, making a perfect bounce at the confluence of ascending and descending trendlines. This technical action to me looks quite positive. Right now, I think I will let it run, but do not want to see it move below 3.63, as I expect this would signal a move back to the support line.
Well we saw below 3.63 on the sell-off, but actually I think today's action worked out quite nicely. CPST put in a nice hammer, bouncing off the 50MA, and looks primed to resume it's uptrend.
Having a look at the chart, I believe that the pattern fits better on the logarythmic chart. From this chart, we can see that the symmetric triangle breakout was only achieved on Tuesday, after the news about the GSA approval:
http://www.google.com/search?oi=stock&q=stocks:CPST&prev=/search%3Fq%3Dcpst%26hl%3Den%26lr%3D%26c2coff%3D1%26client%3Dsafari%26rls%3Den
There was a small ascending triangle that broke out above resistance at 3.34 with a target of 3.34-2.75 = .59 + 3.34 = 3.93 which was made on that breakout high (now I wish I had paid attentioon to this at the time).
However, the big symmetric triangle has a target of 5.89-2.25 = 3.64 + 3.55 = 7.14. Now that could be the long term target, whiich would make a nice double from these levels. I'm pretty sure we will be pushing at $4 again soon. ;)
Breakout of falling wedge on intraday yesterday and gap filled - its time to rock and roll >:D >:D
Headline News Link..... http://finance.yahoo.com/q/h?s=CPST
Wed, Jan 25, 2006
• Capstone Broadens NY Sales Team
Business Wire (Wed, Jan 25)
Tue, Jan 24, 2006
• Capstone Jumps on GSA Add
at TheStreet.com (Tue, Jan 24)
• Capstone-Branded Products Receive GSA Approval
Business Wire (Tue, Jan 24)
Big news out today for CPST - probably the reason for yesterday's afternoon run up to 3.75:
Capstone and Broad Sign MOU for Business Development
http://biz.yahoo.com/bw/060131/20060131005448.html?.v=1
Looks very promising agreement and should generate significant future revenues (though nothing detailed of course.
Bid is currently at 3.93 PM, so here's hoping it breaks $4 this morning. After a bit of a tentative start, this coould be the real beginning of the symmetric triangle breakout formation.
Also note: Earnings are coming up - scheduled for 9th Feb.
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Press Release Source: Capstone Turbine Corporation
Capstone Turbine to Announce Third Quarter Results Feb. 9, 2006
Monday January 30, 7:26 pm ET
CHATSWORTH, Calif.--(BUSINESS WIRE)--Jan. 30, 2006--Capstone Turbine Corporation® (www.microturbine.com; Nasdaq:CPST - News), the world's leading manufacturer of microturbine energy systems, will release financial results for the third quarter ended December 31, 2005, at the close of the market on Thursday, February 9, 2006.
The company will hold a live webcast to discuss the financial results and future plans and prospects. Any investor or interested individual can listen to the webcast, which is scheduled to begin at 1:45 p.m. Pacific Time (4:45 p.m. Eastern) on February 9, 2006, by logging on to the company's investor relations webpage at www.microturbine.com/ir. A replay of the webcast will be available on the site for 90 days.
Capstone Turbine Earnings Conference Call (Q3 2006)
Scheduled to start Thu, Feb 9, 2006, 4:45 pm Eastern
News Link: http://biz.yahoo.com/cc/6/64956.html
Ok let's see what takes place next.
Technicals
Last Price Quote is:
2.83%above 13-day EMA
7.89%above 50-day EMA
RS Rating: 95
Fundamentals
Earnings Expected on Feb 9
Key Data:
Market Cap (M): $303.14
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 02/09/2006
Last Analyst Rating: Buy
Yep, I am in at 3.55 ;D
CPST at the bottom of supporting trendline and 50MA - not a very nice candle yesterday, but on fairly low volume. Today should be interesting, with earnings out tonight. Either it finds support here today, and tomorrow gives us a breakout, or it breaks down through the bottom of the triangle and heads south. Hopefully, today's action should give us some indication of which way it wants to go.
Earnings are not expected to be stellar, but they could surprise - I think most people will be focusing on what their expectations are for 2006.
Any other thoughts?
I was hoping for spike into earnings-
Out with small loss at 3.50, I'm not willing to hold through earnings so will watch for a chance to get back in if news is good. This stock seems to like to gap up and then pulls back so hopefully if news is good can still get a good price.
[audio] Capstone Turbine Earnings Conference Call (live tomorrow at 4:45 pm ET)
Capstone Turbine Earnings Conference Call (Q3 2006)
Scheduled to start Thu, Feb 9, 2006, 4:45 pm Eastern
Link: http://biz.yahoo.com/cc/6/64956.html
Shoulda posted this earlier, but boatguy, looks like you made the right move - I hung through earnings, wich were quite disappointing - increased revs but increased loss per share, and no expectation of reaching profitability until 2008, plus they were unwilling to give future guidance, it didn't really go down that well, but fortunately not a total stinker.
I held on the next day, just to see if it might have a reaction bounce, but nothing to be had, so am out now at 3.27. Has broken down below ascending and descending support from the triangle, and while it might have his some support at 3.00. next real support looks to come in around 2.90.
Might be worth playing there, or taking that as a logical stop, but I think CPST looks weak right now :-\
Press Release Source: Capstone Turbine Corporation
FuelCell Energy Debuts DFC/T Hybrid Product Using Capstone MicroTurbine
Friday February 24, 8:04 am ET
DANBURY, Conn.--(BUSINESS WIRE)--Feb. 24, 2006--Capstone Turbine CEO John R. Tucker joined FuelCell Energy Chairman Jerry D. Leitman, President and CEO R. Daniel Brdar and U.S. Department of Energy officials in a dedication ceremony today to unveil a newly operational fuel cell/microturbine hybrid energy system.
The innovative combined-cycle system uses the high value heat byproduct from a FuelCell Energy 250-kilowatt Direct FuelCell® (DFC®) power plant to operate a modified 60-kilowatt Capstone MicroTurbine®.
The integrated system, a patented Direct FuelCell/Turbine® (DFC/T®) power plant has yielded a combined total electrical efficiency of 56% for 800 continuous hours during initial testing at FuelCell Energy's Danbury, Conn., facility, nearly twice the fuel efficiency of the average fossil-fueled utility power plant.
"Our microturbines are a perfect complement to the operation of FuelCell Energy's DFC products," said Tucker. "It's exciting when FuelCell Energy's power generation products are combined with our proven systems to attain unprecedented levels of efficiency."
Also present at the event were Victor Der, Director of Clean Energy Systems in the U.S. Department of Energy's Office of Fossil Energy, and Wayne Surdoval, Technology Manager of DOE's National Energy Technology Laboratory, who commented that "The DFC/T represents a significant advance for ultra-clean, high efficiency fuel cell/turbine technology."
Following additional testing at the Danbury plant, the fuel cell/microturbine hybrid will be installed at the Deaconess Billings Clinic in Montana where it will provide the base load power needs of the hospital.
"The DFC/T power plant's 56 percent electrical efficiency is unmatched anywhere in the industry for distributed generation products in its size range and has the potential for customers to substantially reduce their energy costs," said Brdar. "This sub-MW combined cycle system will be an ideal ultra-clean, reliable baseload product for smaller commercial and industrial customers."
Capstone Turbine, the world's leading manufacturer of microturbine energy systems, has been working with FuelCell Energy for several years as part of a DOE grant program to support the design of an ultra-high efficiency, fuel cell/turbine hybrid power plant based on FuelCell Energy's DFC product.
Yesterday, U.S. Treasury Secretary John Snow toured FuelCell Energy's plant and viewed the new very high efficiency energy system. "The work being done here at FuelCell Energy is a wonderful example of how American innovation and technology will lead us to a new day of reduced reliance on foreign sources of energy," Snow said.
About Capstone Turbine
Capstone Turbine Corporation® (www.microturbine.com; Nasdaq:CPST - News) is the world's leading producer of low-emission microturbine systems and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped more than 3,200 Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged more than 11 million documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 certified company, Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Mexico City, Milan, Shanghai and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. Direct FuelCell, DFC and DFC/Turbine are registered trademarks of FuelCell Energy, Inc. All other trademarks mentioned are the property of their respective owners.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about Capstone's business, with regard to, among other items, expected future operation of the hybrid energy system. Forward-looking statements may be identified by words such as "expect," "believe" and similar phrases. These statements are subject to numerous assumptions, risks and uncertainties described in Capstone's SEC filings that may cause Capstone's actual results to be materially different. These statements speak only as of the date of this release. Capstone disclaims any obligation to revise these statements hereafter.
Note to Editors:
Further details on the DFC/T are at: http://www.fuelcellenergy.com/site/products/hybrid.html.
Contact:
Capstone Turbine Corporation
Investor and Investment Media
Alice Barsoomian, 818-407-3628
--------------------------------------------------------------------------------
Source: Capstone Turbine Corporation
Trading range getting tight...
First big news release will propel stock much higher.IMHO..... :D
Technicals
Most Actives
Gap Up
Percentage Gainer
Last Price Quote is:
5.04%above 13-day EMA
1.74%above 50-day EMA
RS Rating: 9
Fundamentals
Key Data:
Market Cap (M): $263.01
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/28/2006
Last Analyst Rating: Buy
Feeling this Symmetrical Triangle (continuation) Pattern is going to break to the upside.
All technical valuations positive.Chart looks ready to move.
Technicals
Last Price Quote is:
2.07%above 13-day EMA
0.28%above 50-day EMA
RS Rating: 11
Fundamentals
Key Data:
Market Cap (M): $338.00
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/28/2006
Last Analyst Rating: Buy
..could be a nice opportunity here. Pullback from news related pop so far held like a champ.
On the Daily's, there's room in them hills to run..
Nothing until $4
btw, these guys are selling their biogas converter turbines and lot's been written about the need for just such a product..can't find a better biz than energy conservation.
I like this for a longer term hold........
If you type the ticker symbol in the search, you can find threads already started
on a stock before starting a new one.Run an update to an existing thread.
Here is a 9 page thread on this pick.
http://www.3stocksonfire.org/trading/index.php?topic=686.120
Thank you , good luck with all your trades..... ;)
Alternative energy attracting more investors. 13-day EMA Cross Above 50-day EMA
Volume: 9,186,386
Avg Volume (3month): 3,507,340
Technicals
13-day EMA Cross Above 50-day EMA
Most Actives
Gap Up
MACD - Bullish
Percentage Gainer
Last Price Quote is:
10.69%above 13-day EMA
11.11%above 50-day EMA
RS Rating: 76
Fundamentals
Key Data:
Market Cap (M): $338.00
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/28/2006
Last Analyst Rating: Buy
Great call on this one Set, I hope your making some green here.
Thanks for all the great posts.
uc.
Quote from: usedcasting on March 25, 2006, 01:15:18 PM
Great call on this one Set, I hope your making some green here.
Thanks for all the great posts.
uc.
Thanks UC ! I jumped back in this one on Oct. 18th @ $2.40,
located on page 7 of this thread.If you are in hope you are making some nice profits.
Good trading to you !
Looks like you guys are on top of this one already - ill post this chart anyways...
Im getting back in next week >:D
Intra day chart - possible mini Ascending Triangle
Ready to run?..... ;D
Nice consolidation might be ready to take on that difficult $4.00 barrier again soon.
Volume: 4,089,946
Avg Vol (3m): 3,497,110
Technicals
Last Price Quote is:
11.14%above 13-day EMA
12.53%above 50-day EMA
RS Rating: 80
Fundamentals
Key Data:
Market Cap (M): $376.01
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/28/2006
Last Analyst Rating: Buy
The Breakout from this Symmetrical Triangle (continuation) Pattern
Looks very nice, some good looking follow through.
Volume: 6,297,642
Avg Vol (3m): 3,497,110
Technicals
Last Price Quote is:
14.99%above 13-day EMA
17.70%above 50-day EMA
RS Rating: 85
Fundamentals
Key Data:
Market Cap (M): $376.01
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/28/2006
Last Analyst Rating: B
Retest of support from the Breakout of the Symmetrical Triangle.
Moneystream Divergence with confirming Bullish MACD
Also in the green circle, Looks like a Cup with Handle.
Technicals
Last Price Quote is:
1.85%above 13-day EMA
6.53%above 50-day EMA
RS Rating: 84
Fundamentals
Key Data:
Market Cap (M): $380.12
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/28/2006
Last Analyst Rating: Buy
I like this one after reviewing its chart last night I came to the same conclusion Symetrical Triangle breakout with a pullback retest.I got my finger on the trigger but I'm not crazy with that little gap down around 3.40 that might conveniently try to fill.It looks firm so far at the breakpoint,watching for now..
« Reply #70 on: April 08, 2006, 01:41:41 PM »
Posted this chart of CPST on the Liquid Stick thread.
Lifted off..... ;)
Breakout ....Ascending Triangle (continuation) Pattern.
Technicals
Most Actives
Percentage Gainer
Last Price Quote is:
17.28%above 13-day EMA
24.09%above 50-day EMA
RS Rating: 89
Fundamentals
Key Data:
Market Cap (M): $387.31
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/28/2006
Last Analyst Rating: Buy
Setravis, good pick (applaud) ... HEC & CPST have the same set-up... what is your take of HEC?
Quote from: Terlisa on April 10, 2006, 05:14:20 PM
Setravis, good pick (applaud) ... HEC & CPST have the same set-up... what is your take of HEC?
Posted reply to HEC thread Terlisa, so as to run an update to that thread...... ;)
Interested , go there.
Capstone Turbine Corp. (CPST)
Capstone Turbine Corporation engages in the development, manufacture, and marketing of microturbine generator sets for use in co-generation, resource recovery, power reliability, and remote power applications in the markets for distributed power generation. It primarily offers microturbine units, subassemblies, components, and various accessories.
Web Site: http://www.capstoneturbine.com
This is another short term technical play.
CPST is developing a very interesting pattern (a long consolidation triangle), last month we had a first breakout with increasing volume, and followed by a re-test of the breakout level (this gives extra consolidation to the signal).
Yesterday a big white candle with volume 7 times the average started what could be a nice run for short term. The projection of this technical pattern is $5.72, but that's only indicative.
CPST it's inside a hot sector, insiders have been buying (http://finance.yahoo.com/q/it?s=CPST) stock recently, and there is another interesting issue: Short interest is considerably high, and that could also lead to a big short squeeze.
There is a resistance at $4.50 (November's relative high), that's an obstacle to this trade, but we believe that a breakout of this price level could trigger a lot of stops from short positions.
We'll buy CPST tomorrow at the open for the 3SOF portfolio.
fyi:
CPST: Short Interest UP 7.1% to 14.0M in Mar 2006
Friday , March 24, 2006 16:16 ET
According to new short interest data from NASDAQ, short interest for Capstone Turbine Corporation (NasdaqNM: CPST) INCREASED 7.1% to 14,026,093 shares for the month ended mid-March, 2006.
SYMBOL FEBRUARY MARCH CHANGE %CHANGE DAYS/COVER
-------- ------------- ------------- ------------- ------------ ----------
CPST 13,090,450 14,026,093 +935,643 +7.15% 7
Based on CPST's 20-day average daily share volume of 2,087,815, it would require approximately 7 day(s) of buying to cover this short interest.
Quote from: la-onda on April 11, 2006, 02:31:59 AM
fyi:
CPST: Short Interest UP 7.1% to 14.0M in Mar 2006
Friday , March 24, 2006 16:16 ET
According to new short interest data from NASDAQ, short interest for Capstone Turbine Corporation (NasdaqNM: CPST) INCREASED 7.1% to 14,026,093 shares for the month ended mid-March, 2006.
SYMBOL FEBRUARY MARCH CHANGE %CHANGE DAYS/COVER
-------- ------------- ------------- ------------- ------------ ----------
CPST 13,090,450 14,026,093 +935,643 +7.15% 7
Based on CPST's 20-day average daily share volume of 2,087,815, it would require approximately 7 day(s) of buying to cover this short interest.
Thanks La-onda,
I wonder what could be the average entry price on those shorts opened in March... ::)
Bought at $4.19
I'm in as well. What's the plan for this one, Ramsburg?
Quote from: nutsterrt on April 11, 2006, 12:07:00 PM
I'm in as well. What's the plan for this one, Ramsburg?
Hi,
The plan will be updated tonight as usual with instructions, but the stop price will be set near $3.60. The target will be above $5.
Terrible day to start up a trade :-(
CPST followed the market, and had a considerable correction today. The overall technical pattern is still intact.
Our plan is:
Hold CPST with a stop @ $3.60
Interesting session for CPST... after trading below $4, and below Tuesday's lows, CPST decided to go up again, showing some strength again.
We clearly failed the entry timing on this trade, but CPST has a great technical overview, and our plan is very limited on risk.
Our stop is placed below an ascending support line, and 3.8/3.9 is also a reaction level, so if we don't get stopped in the short run, we most likely will watch CPST trading above the 4.50 resistance quickly...
The plan:
Hold CPST with a stop @ $3.60
Quote from: setravis on March 28, 2006, 10:23:05 PM
Ready to run?..... ;D
Nice consolidation might be ready to take on that difficult $4.00 barrier again soon.Quote from: setravis on March 25, 2006, 01:31:41 PM
Quote from: usedcasting on March 25, 2006, 01:15:18 PM
Great call on this one Set, I hope your making some green here.
Thanks for all the great posts.
uc.
Thanks UC ! I jumped back in this one on Oct. 18th @ $2.40,
located on page 7 of this thread.If you are in hope you are making some nice profits.
Good trading to you !
Long and holding tight!
13-day EMA crossed over the 50-day
Technicals
Last Price Quote is:
7.60%above 13-day EMA
17.21%above 50-day EMA
RS Rating: 91
Fundamentals
Key Data:
Market Cap (M): $387.31
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/28/2006
Last Analyst Rating: Buy
Alex Halperin
Greener Pastures in Tech
Whether for profit or for Mother Earth, these companies offer eco-friendly products that could mean big bucks down the road
When all else is equal, few people actively object to buying products touted as environmentally friendly. But buying stocks in so-called green companies may be a different story. Some of the newest companies have yet to prove that they can produce solid returns for investors. Advertisement
However, as environmental issues gain greater attention from policymakers and the public, some companies think they can have it both ways by getting rich on environmentally-friendly products, or at least ones that don't do much harm. And investors have an ever-growing number of options.
With Earth Day approaching, Five for the Money takes a look at companies offering products or technologies that may reduce pollution -- and pull in big bucks in the bargain. They range from tiny startups to enormous conglomerates, and as always with new technologies, investors would be well advised to take a closer look before diving in, especially at those companies that haven't yet turned a profit.
1. Quantum Fuel Systems
Quantum's products include high capacity hydrogen storage tanks that can be used in fuel-cell powered cars. These tanks can store enough hydrogen to power a fuel-cell car for about 300 miles. Brion Tanous, managing director of equity research at Merriman Curhan Ford & Co. -- which makes a market for Quantum (QTWW) -- says that's about the minimum distance electric cars will need to travel before consumers will buy them, and that makes Quantum an industry leader in a field that could take off. He rates the stock a buy despite predicting that losses will continue into at least 2007.
Only about 500 fuel-cell powered cars exist worldwide, but Tanous says there could be 5,000 in the U.S., and many more elsewhere, by 2010. What's more, the military is "very aggressively deploying hydrogen technology" to combat the expense and logistical difficulties involved in transporting liquid fuel in battle, he says. In the general arena, Quantum can already count among its customers behemoths such as General Motors (GM) and Toyota Motor (TM). Not a bad start in a fledgling market.
2. Corning
In March, the venerable glass and ceramics outfit said it had developed a new glass composite that doesn't include heavy metals in the manufacturing process. By reducing environmental hazards associated with the glass, commonly used on liquid crystal display televisions, the new formula enables Corning (GLW) to gain an earth-friendly edge and reduces concerns over how the glass is disposed of.
They plan to adopt the technique over the next two to three years. The new method is "clearly a differentiator for them," says C.J. Muse, an analyst at Lehman Brothers (LEH) who rates the company overweight. As attention in the glass sector turns away from size capacity to how the glass is made, Muse writes in a recent report that the new composition "support the company's market share position and premium pricing over the competition."
3. Trex
Winchester (Va.)-based Trex (TWP) sells a composite of reclaimed wood and plastics that can be used to build decks, fences, and other outdoor structures. It recycles materials that would otherwise go to waste.
Last year wasn't a great one for Trex. J. Keith Johnson, an analyst with Morgan Keegan, estimates that in 2005 the price of recycled polyethylene climbed about 40%, to around 30 cents a pound, cutting substantially into the company's margins, despite the fact that Trex boosted sales more than 15% year over year.
In early April, Johnson initiated coverage with an outperform rating, on the grounds that he expects higher product prices, improved efficiency, and continuing sales growth will improve Trex's profits. With about 88% of decks built on existing homes, Johnson doesn't estimate that a downturn in the housing market would have a drastic impact on Trex.
Are homeowners ready to give up wooden decks? Trex's material costs more than normal wood, Johnson says, but it's more durable and requires less maintenance. That means no staining -- and no paint fumes, easing another environmental concern -- and no splinters. For some, the tradeoff makes sense.
4. Capstone Turbine
Capstone (CPST) produces microturbines that can be used in parallel with utility power and heat or as a backup to it. Capable of running on fuels such as kerosene and natural gas, Capstone aims for its turbines to produce very clean emissions while helping clients save on the electricity bill. Capstone's turbines spin on high-pressure emissions from a fuel cell, reducing the need to use additional fuel.
Another small company, Capstone has sold more than 3,500 of the refrigerator-sized turbines in total. It isn't profitable but pulled in revenues of $16.55 million for the nine months ended Dec. 31, up about 43% year-over-year. A February report from First Albany Capital, which makes a market in Capstone, finds that the company has "reached an inflection point" that will boost orders. The firm rates the stock a buy, as Capstone continues to hum.
5. Medis Technologies
Medis (MDTL) produces portable alkaline fuel cells designed to power increasingly sophisticated and power-thirsty personal gadgets. The devices, scheduled for a limited retail release in the fourth quarter, provide sustained power without the need to use up excess electricity. Though they're disposable, the fuel cells don't contain heavy metals, unlike standard alkaline batteries. Despite these advantages, CEO Robert Lifton says the device was developed primarily with practicality, not ecology, in mind. "It's a product for people that happens to be environmentally O.K.," he says.
The device "creates power solutions where none exist" says Gary Giblen, director of research with Brean Murray, Carret & Co., which pursues investment-banking relationships with companies in its coverage universe. Rating the stock a strong buy, Giblen points out in a recent report that the device has "incredible" potential in China, where millions of possible cell-phone users don't have access to electricity to charge their phones.
Merriman Curhan's Tanous is more skeptical, rating Medis neutral. (The firm makes a market for Medis.) "It has yet to be determined whether a consumer would be willing to pay $20," for the charger, he says. And alternate approaches, like more powerful lithium-ion batteries, could also power gadgets. Another concern, Tanous says, is that the fuel cells contain sodium borohydride, which civil aviation authorities have so far not allowed for use on aircraft. That could ground the cells.
Obviously, there are some glitches in the drive to more environmentally friendly technologies. But the lure of profit -- and the chance to help the planet's ecosystem in the bargain -- may prompt investors to increasingly seek greener pastures
Interesting reading about CPST posted on Thursday by Business Week:
http://yahoo.businessweek.com/investor/content/apr2006/pi20060413_693178.htm
Quote
Another small company, Capstone has sold more than 3,500 of the refrigerator-sized turbines in total. It isn't profitable but pulled in revenues of $16.55 million for the nine months ended Dec. 31, up about 43% year-over-year. A February report from First Albany Capital, which makes a market in Capstone, finds that the company has "reached an inflection point" that will boost orders. The firm rates the stock a buy, as Capstone continues to hum.
The chart looks great, showing strength after the recent breakout. Some public exposure like this report on BW, may increase the buying pressure needed for a breakout of the $4.50 resistance.
I believe we have strong potential here, so let's keep the plan for now and wait for some price developments:
Hold CPST with a stop @ $3.60Best regards !
I like this play for some profits Rams.
I'm still holding this one from October.
I am located here with this one.
Good luck with the trade...... ;)
http://www.3stocksonfire.org/trading/index.php?topic=686.135
Frederick,
I had a difficult time deciding how to draw the trendlines.
I like a high, then a low, then a high, then a low (or the reverse), so I went with the Symmetrical Triangle, as drawn below, but yours is perfectly valid. Mine results in more conservative upside targets.
Regardless of how the pattern is drawn, I like to see if either trendline (or both) gets validated. On both of our charts, the pattern breakout got re-tested on April 4, and it held within one penny. I like that.
Target #1: 4.50 IN PLAY is a return to the top of the pattern. Sometimes, the stock "double tops" there, and that's all for the upside. CPST looks stronger than that.
Target #2: 5.01 IN PLAY is the distance from Point #2 to the trendline, added to the breakout.
Target #3: 5.32 IN PLAY is the distance from Point #1 to Point #2, added to the breakout.
Applauds to you and to setravis, who has been working on this one for quite awhile. Good luck to all!
I got my order filled at 4.10 this afternoon, right before the whole market started to tank. I hope this turns out to be a good entry point. I tried to get this at 3.96 on Thursday, and the low was 3.99. I guess I should have tried for 3.96 again today cuz that was the low. :-\
Leaira
Quote from: setravis on April 17, 2006, 04:09:43 AM
I like this play for some profits Rams.
I'm still holding this one from October.
I am located here with this one.
Good luck with the trade...... ;)
http://www.3stocksonfire.org/trading/index.php?topic=686.135
Thanks Setravis ! Since October ? wow ;) nice profit you got there ;) Thanks for the link and contributions about CPST ! (applaud)
Quote from: Melf Elf on April 17, 2006, 05:45:06 AM
Frederick,
I had a difficult time deciding how to draw the trendlines.
I like a high, then a low, then a high, then a low (or the reverse), so I went with the Symmetrical Triangle, as drawn below, but yours is perfectly valid. Mine results in more conservative upside targets.
Regardless of how the pattern is drawn, I like to see if either trendline (or both) gets validated. On both of our charts, the pattern breakout got re-tested on April 4, and it held within one penny. I like that.
Target #1: 4.50 IN PLAY is a return to the top of the pattern. Sometimes, the stock "double tops" there, and that's all for the upside. CPST looks stronger than that.
Target #2: 5.01 IN PLAY is the distance from Point #2 to the trendline, added to the breakout.
Target #3: 5.32 IN PLAY is the distance from Point #1 to Point #2, added to the breakout.
Applauds to you and to setravis, who has been working on this one for quite awhile. Good luck to all!
Hi Melf !
Thanks a lot for your chart and Analysis ;) (applaud)
I think the main difference between our analyses here resides on me using the semi-log scale on CPST charts (not sure), also my price projection uses the maximum amplitude between the descending resistance and the ascending support (this one I have it more extended than you, so that's probably the reason).
Quote from: Leaira on April 17, 2006, 04:06:48 PM
I got my order filled at 4.10 this afternoon, right before the whole market started to tank. I hope this turns out to be a good entry point. I tried to get this at 3.96 on Thursday, and the low was 3.99. I guess I should have tried for 3.96 again today cuz that was the low. :-\
Leaira
Hi Learia !
I wish you luck, you already have a better price than 3SOF ;)
Now the update:Not a good session for CPST, following the market deep, and closing negative. Our chart pattern remains intact, so we'll face today's session as a normal behaviour.
We are just updating our stop level a little higher, since it's related with an ascending line, so the plan is:
Hold CPST with a stop @ $3.70Best regards !
.
Quote from: Ramsburg on April 18, 2006, 01:08:07 AM
Not a good session for CPST, following the market deep, and closing negative. Our chart pattern remains intact, so we'll face today's session as a normal behaviour.
Hold CPST with a stop @ $3.70
Frederick,
Yesterday's volume on the Bearish Engulfing pattern was 4.4 million shares vs. Thursday's 3.4 million shares, so that does suggest some more downside, unless this is a pennant (dotted green line), and CPST can take out Thursday's and yesterday's highs of 4.24.
Your
3.70 is interesting. I came up with it two different ways.
1. We also could be in a Bull Flag here (solid green lines). The downward slope of the highs is 0.032 per day, so creating a parallel trendline for the bottom of the flag, we get 3.732 for today, April 18, and
3.70 for tomorrow, April 19.
2. If this is an A-B-C correction, and if Leg C were to be exactly the same as Leg A:
The high of Leg A was 4.40 on April 10; the low was 3.86 on April 12, or 0.54 points.
The high of Leg B yesterday and Thursday was 4.24 - 0.54 points = a low of
3.70 for Leg C,
if that's what we've got, and
if Leg C = Leg A exactly.
If pigs could fly, too! :D
Just something to watch for.
Glad to see this stock is up nicely today (with the rest of the market). I love the double-bottom it formed yesterday at 3.96 in the last hour of trading, then closed above $4.00! I already set my stop to 3.70 when I bought it.
Leaira
Quote from: Melf Elf on April 18, 2006, 03:40:37 AM
Yesterday's volume on the Bearish Engulfing pattern was 4.4 million shares vs. Thursday's 3.4 million shares, so that does suggest some more downside, unless this is a pennant (dotted green line), and CPST can take out Thursday's and yesterday's highs of 4.24.
CPST printed
4.25 and volume already is 3 million. That looks a lot better. ;)
Looking at this 1 year chart,has broken out of this
Symmetrical Triangle (continuation) Pattern.
Resistance looming @ $4.50
Volume: 7,066,838
Avg Vol (3m): 3,431,890
Technicals
Last Price Quote is:
8.98%above 13-day EMA
18.83%above 50-day EMA
RS Rating: 82
Fundamentals
Key Data:
Market Cap (M): $425.33
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/28/2006
Last Analyst Rating: Buy
A nice session for CPST showing some strength, the stock made a nice move with a significant volume increase. We may have now the perfect conditions for the breakout of the $4.50 level.
The plan will remain:
Hold CPST with a stop @ $3.70
Ps: thanks Melf, your charts and analysis are always welcome ;) (applaud)
Up is good.... :D I will take a slow/solid run anytime. 8)
Let's punch out the resistance ! >:D
Volume: 6,437,138
Avg Vol (3m): 3,440,860
Technicals
Last Price Quote is:
12.19%above 13-day EMA
22.99%above 50-day EMA
RS Rating: 88
Fundamentals
Key Data:
Market Cap (M): $425.33
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/28/2006
Last Analyst Rating: Buy
CPST had another interesting session, trading just a few ticks below the resistance at $4.50.
Today we'll probably have the first test on the resistance level, and we expect some price action...
For now we are just upgrading our stop level and continue to hold CPST, so the plan is:
Hold CPST with a stop @ $3.80
Best regards,
Let's make some $$$ Rams,
I'm with you.....Read me here..... ;)
http://www.3stocksonfire.org/trading/index.php?topic=686.135
Applaud the Plan..... ;D
CPST had a first negative reaction on the resistance level ($4.50), this issue is completely normal, and it doesn't compromises our trading plan.
Our expectation is a breakout of the $4.50 barrier soon, followed by a sharp move above $5. The risk is to get stopped at $3.80, the reward is to sell this position above $5, we enjoy this risk / reward ratio and we have no reasons to discredit this position so far.
So the plan will be the same:
Hold CPST with a stop @ $3.80
Best regards,
I bought CPST just now... I've been waiting the pullback from the trend that started 5 weeks ago, I think there is more upside potential for this baby ;) of course it's only my opinion but i'll leave charts for you to judge....
Goodluck pips!!! ;) :D ;D
CPST Chart #3:
I think you might be on the something here. Nice bounce off the 13 day MA @ 4.08. Another great find Terlisa.
I hope it starts to move up soon. I bought it last Monday at 4.10, and it went up for a while, then came back down on Friday cuz of something to do with executives or something. But it does look like it's at support with the moving averages.
Leaira
Quote from: Ramsburg on April 25, 2006, 04:20:46 AM
CPST had a first negative reaction on the resistance level ($4.50),
Frederick,
Yes, the April 19 high of 4.47 came within three cents of the 4.50 resistance level, and there was a non-confirmation in the 13/21 RSIs, suggesting weakness on that push higher. The 13RSI since has crossed below the 21RSI, also suggesting weakness.
Volume on the rally to 4.47 was less than it was on the Symmetrical Triangle breakout and on the April 10 "flagpole."
Longer-term, the highs of 4.50 and 4.47 set up a flat top for a larger Bullish Ascending Triangle, but short-term, CPST looks vulnerable to a selloff to the March 24 gap at 3.36-3.42, and to the 200DMA.
A print today of 4.02 is a technical break of the Bear Flag. A print of 3.98 would be "a lower low," below the Bear Flag.
For those not familiar with Bear Flags, after a rally (which is the "flagpole"), they make "higher highs," and "higher lows," generally on technical non-confirmations, then they break down below the bottom of the flag, and make a "lower low."
In this case, a print of 3.98 would be a "lower low," below Monday's low of 3.99, and CPST would be vulneralble to a further selloff if trader's see that get printed. The break of the Bear Flag would put Target: 3.42 IN PLAY. That doesn't mean that we'll get there, but that's where the March 24 gap is, and its also close to where the 200DMA is.
In addition to the technical weakness in the 13/21RSIs, the MACD crossed below its signal line at yesterday's close. That also suggests weakness here. I'll post both of those charts next.
13/21 RSIs
MACD
A print of 4.02 today is a technical break of the Bear Flag. A print of 3.98 is a "lower low," than Monday's 3.99.
13/21 RSIs
MACD
Seems like the stock will probably re-test resistance this week. Breaking through $4.50 will result in a chain reaction (short squeeze) that will take us all the way to $5 and higher. Go CPST!
Thanks Melf, interesting analysis (applaud).
CPST had another positive reaction near the support level. We'll maintain our trading plan for now:
Hold CPST with a stop @ $3.80
Best regards,
Quote from: Melf Elf on April 26, 2006, 06:46:20 AM
A print today of 4.02 is a technical break of the Bear Flag.
Frederick,
The bottom of the Bear Flag for today, April 28, is 4.055, so the early print of 4.05 is a techinical break below the Bear Flag. Target: 3.45 is IN PLAY.
Quote
A print of 3.98 would be "a lower low," below the Bear Flag.
The low so far is 3.99, and CPST has gone back up to re-test the break of the Bear Flag, at 4.055.
CPST currently is BID 4.05...ASK 4.06.
This looks weak. It needs to get back above the broken Bear Flag.
The Hourly Chart looks more like a H&S Top. That also got broken to the downside this morning.
CPST still is BID 4.05...ASK 4.06, right at the point of the breakdown, below 4.055.
This morning's 3.99 low is identical to Monday's low of 3.99, so its "possible" support, but again, with these pattern breaks, CPST looks weak, short-term.
Above 4.055, it's okay.
I just got stopped out of this one at 3.82 for a 6.8% loss.
Leaira
This is why CPST went down yesterday, I expect a rebound on Monday; however, the damage is done.
A fake PR from Reuters went out on Friday afternoon >:(. From CPST website:
"Reuters Acknowledges Posting an Erroneous Message about Capstone on Their Website"
http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=cpst&script=410&layout=7&item_id=849563
This is why CPST went down yesterday, I expect a rebound on Monday; however, the damage is done.
A fake PR from Reuters went out on Friday afternoon >:(. From CPST website:
"Reuters Acknowledges Posting an Erroneous Message about Capstone on Their Website"
http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=cpst&script=410&layout=7&item_id=849563
Quote from: Melf Elf on April 28, 2006, 09:49:05 AM
Frederick,
The bottom of the Bear Flag for today, April 28, is 4.055, so the early print of 4.05 is a techinical break below the Bear Flag. Target: 3.45 is IN PLAY
Bought CPST at
3.45. The Bear Flag target:
3.45 MADE.
CPST currently is BID 3.46...ASK 3.47
Quote from: Melf Elf on May 10, 2006, 10:28:11 AM
Quote from: Melf Elf on April 28, 2006, 09:49:05 AM
Frederick,
The bottom of the Bear Flag for today, April 28, is 4.055, so the early print of 4.05 is a techinical break below the Bear Flag. Target: 3.45 is IN PLAY
Bought CPST at 3.45. The Bear Flag target: 3.45 MADE.
Sold CPST at 3.32. Loss: 3.8%%
I had a nice exit on the break of the Bear Flag at 4.05, and
thought that I had a real good re-entry at the 3.45 target and at the 200DMA. I didn't. Sold into this morning's rally.
The New York Sales and Service office of Capstone Turbine Corporation® announced today that it has received its first Materials Equipment Acceptance (MEA) approval from the New York City Department of Buildings (NYCDoB) MEA Division and the New York Fire Department.
Since the large short interest (Short % of Float 15.16 % ), it may cause a sqeez.
Charts indicate a reversal.
High crude prices and oil exploration are good for this stock. A day or two of high volume and little price change would be the final signal needed to verify price reversal is solid.
Added to the Russell 3000.
Technicals
Close Above the 13-day EMA
Percentage Gainer
Last Price Quote is:
1.39%above 13-day EMA
-17.30%below 50-day EMA
RS Rating: 3
Fundamentals
Earnings Expected on Aug 9
Key Data:
Market Cap (M): $187.16
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 08/09/2006
Last Analyst Rating: Buy
Looking to Breakout ! ;)
I'm Looking for that reversal...
Technicals
Close Above the 13-day EMA
Last Price Quote is:
6.50%above 13-day EMA
-9.04%below 50-day EMA
RS Rating: 5
Fundamentals
Key Data:
Market Cap (M): $192.33
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 11/09/2006
Last Analyst Rating: Buy
anyone have any thoughts on this one? this stock has been severely punished. at $1.28 and holding, i'm considering catching this falling knife. :o
Does look tempting in some ways. You have a Tweezer Bottoms on the candlesticks, actually for 3 days instead of the normal 2. I am going to have to sleep on this one though. I called a good bottom in PWAC recently and didnt have the guts to get in it, it doubled before going down again... maybe CPST can rebound, but I think its the victim of the general energy sector breakdown, and even then it was only an energy alternative. If it does rebound, I wouldnt stay in too long probably.
Quote from: alchemist on September 25, 2006, 11:03:28 PM
anyone have any thoughts on this one?
alchemist,
I was going to post on CPST last weekend in Melf's Workshop on the Personal Log Board.
Topic: "Identifying The Trend" CPST:
16 Bearish Moves :o
I decided that the post would be too long, and too boring. ;D
But, from the April 19 Double Top at 4.47, there actually are
at least 16 moves in the stock that clearly are identifiable as bearish.
Quote
this stock has been severely punished. at $1.28 and holding
Severely punished is right! Down 71.4% from the April Double Top. :o
Quote
i'm considering catching this falling knife. :o
I can see why you're tempted. ;D >:D
I was similarly tempted in VLO last week, when it "appeared" to have put in a Bullish Morning Star. NOT. I got busted out of it for a 2.7% loss, which wasn't bad, given that the reward was three times that, if I got a rally back to $55 resistance.
Still, even with the Bullish Morning Star, it was a trade aganinst the trend, and it
was "catching the falling knife," which I try to avoid like the plague, so it's probably best that I got spanked for it.
;D
Quote from: tokyopua on September 26, 2006, 12:15:01 AM
You have a Tweezer Bottoms on the candlesticks, actually for 3 days instead of the normal 2. I am going to have to sleep on this one though.
tok,
I know.
More evil temptation. ;D >:D
The late July - early August Tweezer at 1.74 - 1.75, after a nasty move down, got rewarded if one was quick enough to get out near the 2.10 high, just below the 22-day Kijun-sen (solid red line).
Interestingly, there was a Triple Tweezer at 1.75 in Septermber, right at that same 1.74 - 1.75 support level. That one looked to have a better chance since it was a broader base than that tiny little Double Tweezer, but it also was a Bearish Descending Triangle,
in a bearish trend That broke to the downside, so a buy at 1.75 currently is down 26.9%. :o >:(
"Honor Thy Stops!"
Quote
I called a good bottom in PWAC recently and didnt have the guts to get in it, it doubled before going down again...
Yes, but if you had played it, you KNOW that it would have crashed! ;D >:D
Quote
maybe CPST can rebound, but I think its the victim of the general energy sector breakdown, and even then it was only an energy alternative. If it does rebound, I wouldnt stay in too long probably.
Yes, I agree. "Maybe" a rally back to 1.74 - 1.75 resistance, which would be a real nice gain (roughly 35%), but CPST is in a serious bear market, so use a stop, and be sure to "Honor Thy Stop."
Good luck if you guys play it. I admit that I'm tempted by the Triple Tweezer, those last two Doji Stars, and the fact that it's a good risk:reward (if it doesn't gap down), but I'm going to pass on it since it's a trade against a very strong bearish trend.
Quote from: Melf Elf on September 26, 2006, 05:27:20 AM
Topic: "Identifying The Trend" CPST: 16 Bearish Moves :o
FWIW, the 16 red arrows from the April high mark the
16 Bearish Moves in CPST.
Quote from: Melf Elf on September 26, 2006, 05:40:00 AM
Quote from: Melf Elf on September 26, 2006, 05:27:20 AM
Topic: "Identifying The Trend" CPST: 16 Bearish Moves :o
FWIW, the 16 red arrows from the April high mark the 16 Bearish Moves in CPST.
Tried to buy today at 1.26 and watched tons of orders get filled before me at that price, then I was passed by and its now at 1.29. Oh well, I wasnt dying to get in, just liked the candlestick formation at that point and it seemed like good risk reward. Probalby still is for those who got in at 1.26 :)
CPST is looks like going below $1
Chart looks to indicate a reversal......JMHO,of course.
Looks like it may have put in a bottom here @ the $1.25 area.
52wk Range: 1.24 - 4.50
Volume: 1,810,322
Avg Vol (3m): 1,650,120
Technicals
Percentage Gainer
Last Price Quote is:
-0.73%below 13-day EMA
-21.60%below 50-day EMA
RS Rating: 3
Fundamentals
Key Data:
Market Cap (M): $131.00
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 11/09/2006
Last Analyst Rating: Buy
Capstone Turbine upgraded to "buy"
Monday, August 29, 2005 8:00:48 AM ET
First Albany
NEW YORK, August 29 (newratings.com) - Analysts at First Albany upgrade Capstone Turbine Corporation (CPST.NAS) from "neutral" to "buy."
The target price is set to $6.
[/color]
In a research note published this morning, the analysts mention that the company is focusing on improving its distribution channels, cost reduction measures, product reliability and competitive positioning. Capstone Turbine continues to gain traction in the New York City market, First Albany adds. The company's payback period and value proposition are expected to be enhanced by the impact of the new Energy Bill, the analysts say.
http://www.newratings.com/analyst_news/article_990326.html
Another upside move.....
52wk Range: 1.24 - 4.50
Volume: 4,169,949
Avg Vol (3m): 1,668,490
Technicals
Percentage Gainer
MACD is Bullish
Stochastic is Bullish
Last Price Quote is:
9.35%above 13-day EMA
-13.06%below 50-day EMA
RS Rating: 4
Fundamentals
Key Data:
Market Cap (M): $131.00
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 11/09/2006
Last Analyst Rating: Buy
Recent CandleStick Analysis
Bullish
Sept-28-2006 Inverted Hammer
Today a Long White Candlestick was formed. This shows that the prices advanced significantly from open to close during the day under strong buying pressure.
Support @ $1.50...1.27...1.09
Resistance @ $1.79...2.11...2.44
CPST looks good, I think I'll buy some today!
I like the alternatve energ plays, but it seems to me that we have to break the 1.76 resistance and 50dma before we can believe that CPST has bottomed... Still watching
Cheers Joe
The market isn't helping very much either,it doesn't look like a good time to buy, I'm all in cash now ...
hm, just bought some CPST @ 1.50
Quote from: Se7en on October 04, 2006, 11:18:22 AM
Yes, I saw your post and the target of 1.36 was made but since then it looks like there's a reversal going on, wanted to know what you think of it?
Se7en,
This excerpt pretty much summarizes my feelings on these trades:
Quote from: Melf Elf on September 26, 2006, 05:27:20 AM
[I admit that I'm tempted by the Triple Tweezer, those last two Doji Stars, and the fact that it's a good risk:reward (if it doesn't gap down), but I'm going to pass on it since it's a trade against a very strong bearish trend.
The risk:reward back at 1.24-1.25 was very good, using a tight stop. The biggest risk is a gap down, to which every stock is vulnernable, but stocks that are in strong downtrends are more vulnerable than usual.
Quote from: Se7en on October 04, 2006, 10:43:29 AM
hm, just bought some CPST @ 1.50
You've put yourself at a bg disadvantage in the trade, entering 20% above 1.24-1.25 support.
Looking at the chart, where would we expect to find resistance?
"Former support 'should' act as resistance."
Former support was 1.74 -1.75, so using the 1.75, that's 16.66% above your entry. Your logical stop is below 1.24, or 17.3% below here, so the risk on the trade is slightly greater than the reward.
Yes, CPST certainly could got higher than the 1.74 - 1.75 resistance, but think of all of those candles at that level and above as players for The Bears. They didn't sell the break of 1.74-1.75 support, and at the 1.24 - 1.25 lows, they had a paper loss of a minimum of 28.7%, if they bought at 1.74. Their losses are much greater if they bought at the 2.05 - 2.10 highs of the pattern, or much worse if they bought above that pattern.
What are those players "likely" to do, if they get a chance to get out of a horrible loss?
What are one year's worth of players who are stranded above 2.23 - 2.25 (August, 2005 - July, 2006) "likely" to do, if they get a chance to get out of a horrible intermediate-term loss?
The fundamentals, of course, could be a factor if the company has good news. But, based strictly on the technicals, this stock has had at least
16 Bear Moves that we've identified, and it's heading into "first resistance," at 1.74 - 1.75.
Suggestion: Try to set up better risk:rewards. You're disadvantaged on a risk:reward basis, and further disadvantaged, trading against the trend. You understand that I don't mean that as a personal criticism at all, but rather, as an explanation of the trade, as I see it. "Just my opinion."
Good luck on the trade. I hope it's a winner for you! ;)
You're absolutely right Melf Elf, I shouldn't have followed my feeling on this one!
Thx for another valuable lesson! <applaud>
Just sold @ 1.50! :)
Quote from: Se7en on October 04, 2006, 03:40:09 PM
You're absolutely right Melf Elf, I shouldn't have followed my feeling on this one!
Thx for another valuable lesson! <applaud>
Just sold @ 1.50! :)
Se7en,
I hope that I didn't talk you out of a winning trade, but independent of what CPST does from here, I do think that you can set up a better risk:reward, especially if you're going to play against a trend.
We should get paid well for attempting that. ;D
Good luck in your trading!
No, like you sais risk/reward wasn't good and in all my 'enthusiasm' I forgot that + I didn't like it's performance today.
Quote from: setravis on September 29, 2006, 11:47:42 AM
Chart looks to indicate a reversal......JMHO,of course.
Looks like it may have put in a bottom here @ the $1.25 area.
Afternoon volume and price surge....
Based on technical chart reading, I would have to think we witnessed the bottom.
Don't know for sure, food for thought though...CPST was added to the Russell 3000 quarter end 6-30-06, huge volume on June 30, again at quarter end Sept. 30.
Company has been looking for a new CEO, have they found one or perhaps getting close?
Move downward from $4.00 to $1.25 done mostly on below average volume for an extended period after huge move from $0.90 to $5.89 on huge volume last year. Still trading well below 50- day MA and 200- day MA.
Did it find a bottom at $1.25 ?
Last conference call, had pushed back return to positive cashflow from 2nd quarter '07 to 3rd quarter '07 despite 74% increase in sales over the prior period. Are we going to see a real, perhaps huge upside surprise when the 3rd quarter numbers/conference call are made public ?
Quote from: setravis on October 12, 2006, 04:10:03 PM
Did it find a bottom at $1.25 ?
setravis,
It "could have," but do we want to fight a downtrend like this, when we're right up against resistance?
Quote from: setravis on March 25, 2006, 01:31:41 PM
I jumped back in this one on Oct. 18th @ $2.40,
located on page 7 of this thread.
You've been in a tough, tough spot for the past year, riding it up, then ridiing it down to 1.24-1.25.
Ugh! :P >:D
Since the top in the mid-4.00s, this has been an awful performer.
Quote from: Melf Elf on September 26, 2006, 05:27:20 AM
I was going to post on CPST last weekend in Melf's Workshop on the Personal Log Board.
Topic: "Identifying The Trend" CPST: 16 Bearish Moves :o
The recent rally, exactly to RESISTANCE, at 1.74-1.75, is
Bear Move #17. UGH. :P
Yes, the 1.24-1.25 low "could be" THE bottom, but this stock is a great example of "Don't Bottom Fish," and, "Sell at breaks of support," and "Don't fight the trend."
There's been nothing bullish about this chart since Bear Move #1 in April. :P
This has been a tough, tough trend to fight. You've held it this long, so hopefullly, it will rally and bail you out, but just a suggestion: Don't fight a trend like this one.
Been there. Done that. UGH.
Avg 1.31 sold a few addding on dips, might see a dip back to the 1.30 level as the stock failed to break the 1.68 level.
stay tuned
Quote from: Melf Elf on October 19, 2006, 07:32:01 PM
Quote from: setravis on October 12, 2006, 04:10:03 PM
Did it find a bottom at $1.25 ?
setravis,
It "could have," but do we want to fight a downtrend like this, when we're right up against resistance?
Quote from: setravis on March 25, 2006, 01:31:41 PM
I jumped back in this one on Oct. 18th @ $2.40,
located on page 7 of this thread.
You've been in a tough, tough spot for the past year, riding it up, then ridiing it down to 1.24-1.25.
Ugh! :P >:D
Since the top in the mid-4.00s, this has been an awful performer.
Quote from: Melf Elf on September 26, 2006, 05:27:20 AM
I was going to post on CPST last weekend in Melf's Workshop on the Personal Log Board.
Topic: "Identifying The Trend" CPST: 16 Bearish Moves :o
The recent rally, exactly to RESISTANCE, at 1.74-1.75, is Bear Move #17. UGH. :P
Yes, the 1.24-1.25 low "could be" THE bottom, but this stock is a great example of "Don't Bottom Fish," and, "Sell at breaks of support," and "Don't fight the trend."
There's been nothing bullish about this chart since Bear Move #1 in April. :P
This has been a tough, tough trend to fight. You've held it this long, so hopefullly, it will rally and bail you out, but just a suggestion: Don't fight a trend like this one.
Been there. Done that. UGH.
You assume I rode this stock down......Wrong!
I never put myself in that postion. ;)
From my ......... 20 Rules To Stop Losing Money
http://www.3stocksonfire.org/trading/index.php?topic=5857.0
10. Don't ignore the warning signs -
Big losses rarely come without warning. Don't wait for a lifeboat to abandon a sinking ship. ;)
Quote from: setravis on October 21, 2006, 01:18:09 PM
[You assume I rode this stock down......Wrong!
I never put myself in that postion. ;)
setravis,
I've misunderstood your posts on CPST. I thought that you've been trying to find your way out of the long position that you posted. Glad that you've been out. ;)
Made money took profits, and kept other profits in free shares to go long.
Looking for rentry 1.30 -1.40 range monitoring daily
Press Release Source: Capstone Turbine Corporation
Capstone Turbine Invites the Public to Listen to Second Quarter Fiscal Year 2007 Conference Call
Monday October 30, 6:06 pm ET
Link........http://biz.yahoo.com/cc/4/74884.html
CHATSWORTH, Calif.--(BUSINESS WIRE)--Capstone Turbine Corporation (www.microturbine.com; Nasdaq:CPST - News), the world's leading manufacturer of microturbine energy systems, will release financial results for the second quarter ended September 30, 2006, at the close of the market on Thursday, November 9, 2006.
The company will hold a live webcast to discuss the financial results and future plans and prospects. Any investor or interested individual can listen to the webcast, which is scheduled to begin at 1:45 p.m. PST (4:45 p.m. EST) on November 9, 2006, by logging on the company's investor relations webpage at www.microturbine.com. A replay of the webcast will be available on the site for 90 days.
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com) (Nasdaq:CPST - News) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped more than 3,500 Capstone MicroTurbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 certified company, Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Mexico City, Milan, Nottingham, Shanghai and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
Contact:
Capstone Turbine Corporation
Alice Barsoomian, 818-407-3628
--------------------------------------------------------------------------------
Source: Capstone Turbine Corporation
Bounced up....Let's take a stab at the 50-day MA again.... ;)
52wk Range: 1.24 - 4.50
Volume: 1,718,263
Avg Vol (3m): 1,474,330
Technicals
MACD - Bearish
Percentage Gainer
Last Price Quote is:
4.09%above 13-day MA
-4.18%below 50-day MA
RS Rating: 9
Fundamentals
Earnings Expected on Nov 9
Key Data:
Market Cap (M): $131.00
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 11/09/2006
Last Analyst Rating: Buy
Quote from: Melf Elf on September 26, 2006, 05:27:20 AM
I was going to post on CPST last weekend in Melf's Workshop on the Personal Log Board.
Topic: "Identifying The Trend" CPST: 16 Bearish Moves :o
I decided that the post would be too long, and too boring. ;D
But, from the April 19 Double Top at 4.47, there actually are at least 16 moves in the stock that clearly are identifiable as bearish.
CPST is bucking for Poster Child, for "Record Number Of Bear Moves." :D
Bear Move #17 - Mid-October Failure at TRIPLE Resistance:
1. The 1.74-1.75 lows of July-September. ( Failed on October 13, 16 and 18 to get thru there).
2. The Top of the Bearish Rising Wedge
3. The Declining 50DMA
Bear Move #18 - November 1 Failure on a Doji Star Hangman at DOUBLE Resistance:
1. The down trendline off the August 30 high, validating that trendline as resistance
2. The Declining 50DMA again.
For this sustained Bearish Trend even to turn neutral, CPST would need to take out that validated down trendline (purple) and the November 1 Bearish Doji Star Hangman high of 1.65.
But, immediately above that, is the band of resistance from July-September, beginning at 1.74-1.75.
There are two months' worth of candles from 1.74 to next resistance, at 2.23-2.25, playing for The Bears.
There are about one and a half months' worth of candles below 1.74, playing for The Bulls, so they aren't too badly outnumbered. That's okay.
CPST has a chance here, of turning this around. The 13/21RSIs are at Bullish Synchroncity (see next chart), and the MACD is positioned to go up through zero on a rally (I'll post that chart, too).
It would be nice to see CPST bang off that up trendline (purple) off the 1.25 low, validating it as support, then go up and knock out the top of the pattern and that Bearish Doji Star Hangman. Show us something that looks bullish.
That up trendline comes in today, November 6, at
1.4341. The Devils' Night and Halloween lows both are 1.40. >:D
If 1.40 breaks, CPST likely is in for a 1.24-1.25 re-test. :P
13/21RSIs
MACD
Quote from: Melf Elf on November 06, 2006, 04:46:34 AM
CPST is bucking for Poster Child, for "Record Number Of Bear Moves." :D
I'll go ahead and give CPST the award, for "Poster Child For A Record Number Of Bear Moves."
If any of you have read my analysis of CPST in FOUR folders, you might suspect what's coming...
Bear Move #19:1. False Breakout of the Symmetical Triangle (pattern in purple)
2. DOUBLE TOP in the false breakout, at 1.65 and 1.65,
exactly.Bear Move #20:
Gap down below the Symmetrical Triangle (pattern in purple).
Mercy!
I know that most of you only want to hear things about stocks that are BULLISH. Sometimes, they aren't the least bit bullish, as in this case.
I apologize for posting how bearish this stock has been, if you're long, but I also THANK YOU for not smiting the "You-Know-What" out of me, as I've experienced in the past (VPHM, SVA, just to mention a couple), for posting my honest analysis, "right or wrong."
We've come a long way, baby, at 3SOF, and I truly thank all of you members for "allowing me" to give my opinion, without the nastiness of smites, for having worked hard to give that opinion.
As I've said all along, I couldn't care less about my outright "Applause rating." I value my work, "right or wrong." I respect my self-worth. I have a "decent" read of my "value," as a trader ("just okay").
I don't like the nastiness of "smites" for offering my analysis.
Thank you for
not smiting my read of CPST these last months. It certainly didn't generate any applause for it, but I understand that. I'm not here for applause.
I TRULY don't like unwarranted "smites."
Thanks again.
Quote from: Melf Elf on November 10, 2006, 07:10:53 PM
Quote from: Melf Elf on November 06, 2006, 04:46:34 AM
CPST is bucking for Poster Child, for "Record Number Of Bear Moves." :D
I'll go ahead and give CPST the award, for "Poster Child For A Record Number Of Bear Moves."
If any of you have read my analysis of CPST in FOUR folders, you might suspect what's coming...
Bear Move #19:
1. False Breakout of the Symmetical Triangle (pattern in purple)
2. DOUBLE TOP in the false breakout, at 1.65 and 1.65, exactly.
Bear Move #20:
Gap down below the Symmetrical Triangle (pattern in purple).
Mercy!
I know that most of you only want to hear things about stocks that are BULLISH. Sometimes, they aren't the least bit bullish, as in this case.
I apologize for posting how bearish this stock has been, if you're long, but I also THANK YOU for not smiting the "You-Know-What" out of me, as I've experienced in the past (VPHM, SVA, just to mention a couple), for posting my honest analysis, "right or wrong."
We've come a long way, baby, at 3SOF, and I truly thank all of you members for "allowing me" to give my opinion, without the nastiness of smites, for having worked hard to give that opinion.
As I've said all along, I couldn't care less about my outright "Applause rating." I value my work, "right or wrong." I respect my self-worth. I have a "decent" read of my "value," as a trader ("just okay").
I don't like the nastiness of "smites" for offering my analysis.
Thank you for not smiting my read of CPST these last months. It certainly didn't generate any applause for it, but I understand that. I'm not here for applause.
I TRULY don't like unwarranted "smites."
Thanks again.
Could be ...may be ??? this big gap down makes it cheaper for a look to get in.... :-\
Or could it go and make Melf's Bear Move #20 ;D
Melf don't apologize for posting your honest analysis, and how bearish this stock has been.
I wouldn't have it any other way. I want a man's true and honest opinion.
I applaud all the work you have put forth here..... ;)
Work of this nature (outstanding) does not warrant for someone to smite.
Outstanding work and good trading to you.
Applaud !
indeed, applaud the elf (although he may have over-posted on the GIGM thread today :D)
Always a pleasure and an education to read your posts (and yours set!!)
ST
setravis and Scotsman,
Thanks guys. I greatly appreciate both of your contributions and commitments to making this such a wonderful community. Applauds back at you.
Quote from: ScottishTrader on November 10, 2006, 09:51:48 PM
(although he may have over-posted on the GIGM thread today :D)
I probably deserve a smite for that. I admit that I got too carried away on those patterns. :D
Quote from: Melf Elf on November 10, 2006, 07:10:53 PM
Bear Move #20:
Gap down below the Symmetrical Triangle (pattern in purple).
Mercy!
Bear Move #21:Failure at the bottom of the broken Symmetrical Triangle (pattern in purple)
on November 13.
Bear Move #22:Another failure at the bottom of the broken Symmetrical Triangle (pattern in purple) on November 16.
After all of those Bear Moves, I wondered if CPST might finally bottom, and hold at 1.24 support, but...
Bear Move #23:Closed at 1.23 on December 26, below 1.24 support, tried to rally, then closed again at 1.23 on the final session of 2006.
Bear Move #24:Sank to a new low of 1.15 on January 3, 2007
Would that all stocks made moves that are this well-defined. Textbook patterns, breaks of support, then "former support becomes resistance."
Why do I have an incredible urge to go knife-catching in this stock? :D
Former demons, I suppose. >:D
Hey Hawk, looks like it might be time to get back into CPST. Notice the accumulation? ;)
Funny enough, about an hour after I posted "volume accumulation" and bought some shares, as if on cue CPST pops to the upside. Lets see if it can break that 50ma this week. 8)
Quote from: pompano on February 26, 2007, 12:54:34 AM
Funny enough, about an hour after I posted "volume accumulation" and bought some shares, as if on cue CPST pops to the upside. Lets see if it can break that 50ma this week. 8)
Nice catch on the clear accumulation, and the timing, Applaud!
Over a buck !
Good solid company that has suffered from some bad decisions.
The finest producer of micro turbines is bound to benefit from the increased interest in energy production. Produces low emission solutions to energy problems that face the USA and the world in the future, Revenues increasing 20%.
On the negative side this company finances its capitalization via the sale of stock and could lead to dilution. Catching it at $1
Chart shows it has bounced off the bottom and this is a good in,
BreakOut from a bottom formation.
52wk Range: 0.75 - 4.47
Volume: 4,605,263
Avg Vol (3m): 4,529,230
Technicals
Percentage Gainer
Last Price Quote is:
14.47%above 13-day MA
10.45%above 50-day MA
RS Rating: 10
Fundamentals
Key Data:
Market Cap (M): $131.00
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Buy
Nice pickup, from the looks of the volume I would say a few people agree with you. 8)
This one is picking up some steam, should get a good pop real soon...........
The POP came, lets see what she does from here...........
Quote from: setravis on March 29, 2007, 07:39:19 PM
Over a buck !
Good solid company that has suffered from some bad decisions.
The finest producer of micro turbines is bound to benefit from the increased interest in energy production. Produces low emission solutions to energy problems that face the USA and the world in the future, Revenues increasing 20%.
On the negative side this company finances its capitalization via the sale of stock and could lead to dilution. Catching it at $1
Chart shows it has bounced off the bottom and this is a good in,
BreakOut from a bottom formation.
Quote from: pompano on March 29, 2007, 10:02:29 PM
Nice pickup, from the looks of the volume I would say a few people agree with you. 8)
Quote from: Holygrale on March 30, 2007, 09:34:20 AM
This one is picking up some steam, should get a good pop real soon...........
Quote from: Holygrale on April 11, 2007, 09:54:57 AM
The POP came, lets see what she does from here...........
Price turning up with volume. Expect longer hold, months as opposed to days.
Food for thought though...
Last conference call, had pushed back return to positive cashflow from 2nd qtr '07 to 3rd qtr '07 despite 74% increase in sales over the prior period...Are we going to see a REAL (perhaps HUGE) upside surprise when the 3rd qtr numbers/conference call are made public?
Maybe BCON next?
Support @ $1.12...1.06...1.00
Resistance @ $1.29...1.40...1.64...1.70
52wk Range: 0.75 - 4.47
Volume: 11,698,149
Avg Vol (3m): 4,695,040
Technicals
Most Actives
MACD is Bullish
Last Price Quote is:
17.68%above 13-day MA
21.19%above 50-day MA
RS Rating: 65
Fundamentals
Key Data:
Market Cap (M): $131.00
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Buy
Worth an update...
Look to me as if this has formed a Head and Shoulders Bottom (reversal) Pattern
52wk Range: 0.75 - 4.47
Volume: 3,525,390
Avg Vol (3m): 4,950,140
Technicals
Last Price Quote is:
9.25%above 13-day MA
17.64%above 50-day MA
RS Rating: 72
Fundamentals
Analyst Downgrade to Reduce
Key Data:
Market Cap (M): $163.57
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Reduce
Seems to me like it fits my ESM!!! ;)
Still have to be very careful here though, since it is a debt heavy stock diluted with brutal financials - not to mention just above 1.00
Good Luck!
For those of you that dont know I published this model on investopedia.com - http://www.investopedia.com/articles/trading/06/ESM.asp
Its a simple model helping investors profit from panic/exhausted selling (finding reliable bottoms)... hope it helps some of you! ;D
I think she is primed to go ...Time to dance !
52wk Range: 0.75 - 3.34
Volume: 1,936,728
Avg Vol (3m): 3,268,270
Technicals
Last Price Quote is:
1.50%above 13-day MA
-4.50%below 50-day MA
RS Rating: 21
Fundamentals
Key Data:
Market Cap (M): $130.28
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Reduce
Cup with Handle (continuation) Pattern.......
Take a look at the chart,
the formation of the Cup with Handle is text book here.
The 13-day MA has crossed over the 50-day MA.
52wk Range: 0.75 - 2.19
Volume: 1,931,432
Avg Vol (3m): 3,355,640
Technicals
Percentage Gainer
Last Price Quote is:
4.84%above 13-day MA
8.71%above 50-day MA
RS Rating: 89
Fundamentals
Key Data:
Market Cap (M): $159.23
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Reduce
Quote from: setravis on May 30, 2007, 07:45:34 PM
I think she is primed to go ...Time to dance !
Quote from: setravis on June 26, 2007, 12:00:44 PM
Cup with Handle (continuation) Pattern.......
Take a look at the chart,
the formation of the Cup with Handle is text book here.
The 13-day MA has crossed over the 50-day MA.
Nice move today, back above the 200-day MA....Let's dance... ;D :D ;)
52wk Range: 0.75 - 2.05
Volume: 8,502,565
Avg Vol (3m): 3,309,580
Technicals
Close Above the 13-day MA
Most Actives
Percentage Gainer
Last Price Quote is:
12.35%above 13-day MA
17.71%above 50-day MA
RS Rating: 86
Fundamentals
Key Data:
Market Cap (M): $162.71
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Reduce
I jumped in when she broke the 200dma. Let's hope she has enough momentum to break 1.25 and 1.30. ;)
Cheers
Quote from: stock-kitty on July 10, 2007, 06:15:04 AM
I jumped in when she broke the 200dma. Let's hope she has enough momentum to break 1.25 and 1.30. ;)
Cheers
Yep, she did it. ;D
I sold half at 1.34.
A Huge volume of buyers....... ;)
Really moves a stock price northward, more than anything else.
You know this thing is going higher, expect a larger pop to the upside.
Closed near the high of the day. BreakOut !
All JMHO of course....... ;)
Support @ $1.25...1.15...1.12
Resistance @ $1.75
52wk Range: 0.75 - 2.05
Volume: 15,513,391....... ;D
Avg Vol (3m): 3,588,180
Technicals
Most Actives
Percentage Gainer
MACD is Bullish
Stochastic is Bullish
Last Price Quote is:
19.66%above 13-day MA
27.60%above 50-day MA
RS Rating: 94
Fundamentals
Key Data:
Market Cap (M): $162.71
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Reduce
Below are the 6 month and 1 year charts....... 8)
She is SUPER strong. Looking to get past 1.50 and to move towards 1.70.
Quote from: setravis on July 11, 2007, 05:12:50 PM
A Huge volume of buyers....... ;)
Really moves a stock price northward, more than anything else.
You know this thing is going higher, expect a larger pop to the upside.
Closed near the high of the day. BreakOut !
All JMHO of course....... ;)
Let's rock and roll....... 8)
Got a nice move this morning.
Technicals
Most Actives
Percentage Gainer
Last Price Quote is:
15.15%above 13-day EMA
28.14%above 50-day EMA
RS Rating: 84
Fundamentals
Key Data:
Market Cap (M): $190.06
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Reduce
Quote from: setravis on May 30, 2007, 07:45:34 PM
I think she is primed to go ...Time to dance !
Quote from: setravis on April 16, 2007, 09:05:20 PM
Worth an update...
Looks to me as if this has formed a Head and Shoulders Bottom (reversal) Pattern
Quote from: setravis on July 09, 2007, 01:57:20 PM
Quote from: setravis on May 30, 2007, 07:45:34 PM
I think she is primed to go ...Time to dance !
Quote from: setravis on June 26, 2007, 12:00:44 PM
Cup with Handle (continuation) Pattern.......
Take a look at the chart,
the formation of the Cup with Handle is text book here.
The 13-day MA has crossed over the 50-day MA.
Nice move today, back above the 200-day MA....Let's dance... ;D :D ;)
Large buys coming in today.......
Closed @ high of the day...Just starting It's move up, going to break that $1.48 high soon!
I see $3 to $4 coming...JMHO of course... ;)
52wk Range: 0.75 - 1.86
Volume: 4,487,484
Avg Vol (3m): 4,090,440
Technicals
Close Above the 13-day MA
Percentage Gainer
Last Price Quote is:
8.43%above 13-day MA
20.38%above 50-day MA
RS Rating: 82
Fundamentals
Key Data:
Market Cap (M): $190.06
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Reduce
Looks like a buy point... :D
+12.60% last Price $1.08 the dip ! ;)
High $1.15 Volume 2.3 mil
Good luck fellow 3SOT traders... ;)
Quote from: setravis on August 07, 2007, 10:32:59 PM
Looks like a buy point... :D
+12.60% last Price $1.08 the dip ! ;)
High $1.15 Volume 2.3 mil
Good luck fellow 3SOT traders... ;)
CPST working with Walmart, the potential of CPST is great.
There is a test project using capstone generators to power WalMart stores.
I believe WalMart is working with United Technologies and Capstone.
They have broken the ice in New York with several orders
Turbine will turns things around. After the conference call, the stock will ride back up to $1.50.
52wk Range: 0.75 - 1.82
Volume: 4,948,351
Avg Vol (3m): 2,938,970
Technicals
13-day EMA Cross Above 50-day MA ....... ;)
MACD - Bullish
Percentage Gainer
Last Price Quote is:
14.39%above 13-day MA
13.83%above 50-day MA
RS Rating: 95
Fundamentals
Key Data:
Market Cap (M): $159.92
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Reduce
Pre-Market Mover.......
CAPSTONE TURBINE C (NasdaqGM:CPST)
Pre-Market: $1.27 +0.12 (+10.43%) as of 8:51AM ET on 10/03/07
Press Release Source: Capstone Turbine Corporation
Capstone Turbine Announces Initial $3.8 Million Order for Its C200 Microturbine
Tuesday October 2, 4:15 pm ET
CHATSWORTH, Calif.--(BUSINESS WIRE)--Capstone Turbine Corporation (www.microturbine.com; NASDAQ:CPST - News), the world's leading clean technology manufacturer of microturbine energy systems, today announced an initial order for $3.8 million of C200 microturbine systems for biogas applications from Greenvironment Oy, its distributor in Finland and Germany.
Greenvironment's order specifies deliveries beginning in September 2008 and completion of the order no later than December 2009. Capstone will add $0.6 million to its backlog in September initially for the portion of the order that is within one year of delivery and the remainder of the order incrementally as it falls within one year.
Founded in 2002 in Finland, Greenvironment has been a leader in clean and green technologies using biogas-fueled microturbines. In early 2006, it expanded into Germany with a subsidiary located in Berlin. In June 2007, in the presence of 150 invited guests from industry, government and media, Greenvironment commissioned its first commercial microturbine power plant in Germany, utilizing a digester.
"Because of its innovative technology and its unique business plan, CNBC Europe placed Greenvironment on its list of the Top 50 Low-Carbon Pioneers," said Tony Hynes, Vice President, Sales, Europe, the Middle East and Africa. "This order reinforces their confidence in our systems' reliability and low emissions profile on biogas fuels," added Hynes.
"Europe is currently a successful market for us, and this order for our C200 product will enable further market penetration," said Darren Jamison, President and CEO of Capstone Turbine Corporation. "We have been very impressed with Greenvironment's team of dedicated experts in all aspects of engineering, marketing, and project management, and their focus of providing outstanding support to their customers," added Jamison. "We are looking forward to a continued successful relationship between our two companies."
Commenting on the new order, Greenvironment Oy's Managing Director, Matti Malkamaki said, "We have been impressed by Capstone Turbine's leadership in clean and green microturbine technology and as a manufacturer of proven and reliable equipment, and we believe that there will be a growing demand for C200 microturbine systems in various biogas applications in the future."
The 200-kilowatt system is the latest generation MicroTurbine® being developed by Capstone. "In addition to a net power output of 200 kilowatts, the C200 will provide the same technology advantages as our previous microturbines as well as multiple unit paralleling capability to powering applications up to 2 megawatts, with the highest electrical efficiency of the Capstone MicroTurbine product family," said Jim Crouse, Executive Vice President, Sales & Marketing.
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com) (NASDAQ:CPST - News) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over four thousand units of Capstone MicroTurbine® systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 certified company; Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Mexico City, Milan, Nottingham, Shanghai and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about new sales opportunities for Capstone, in particular, with the sale of the C200 microturbine system for biogas applications in Europe, a continued successful relationship between Capstone and Greenvironment, and the technology advances and electrical efficiency of the C200 system. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Contact:
Capstone Turbine Corporation
Alice Barsoomian, 818-407-3628
--------------------------------------------------------------------------------
Source: Capstone Turbine Corporation
Good opportunity to get in cheap for the conference call tomorrow after hours. The company is waiting on a micro turbine approval for New York City elevators, it could mean huge revenues for Capstone Turbine!! ;) I have shares in this to see what happens, lots of positive news out for CPST lately.
sanmiguelarcangel,
The new thread you created has been merged here.
Please use the search function.
"CPST" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. :( ::)
Thank You....and good luck with all your trades....make some $$$ ;D ;)
Thank you Travis. I thought a new thread would look good for CPST because earnings tomorrow could be a turning point for Capstone and a start to something good. ;D
Strong start so far, hopefully we can have a good day in the overall market today.
Quote from: sanmiguelarcangel on November 08, 2007, 09:36:22 AM
Strong start so far, hopefully we can have a good day in the overall market today.
Breaking resistance here at $1.29 will be very significant. ;)
I just opened a long position here. Analyst upgraded to buy last week. I am happy with the 145% increase in revenues. ;D
Quote from: sanmiguelarcangel on November 13, 2007, 10:34:40 AM
I just opened a long position here. Analyst upgraded to buy last week. I am happy with the 145% increase in revenues. ;D
;) ;D Read it all.......
Press Release Source: Capstone Turbine Corporation
Capstone Turbine Corporation Announces Second Quarter Fiscal 2008 Operating Results
Thursday November 8, 4:15 pm ET
Second Quarter Revenue of $7.2 Million Increased 145% from Same Period Last Year and 28% from Prior Quarter
CHATSWORTH, Calif.--(BUSINESS WIRE)--Capstone Turbine Corporation® (www.microturbine.com;) (NASDAQ:CPST - News) reported operating results for its second quarter ended September 30, 2007 in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 8, 2007.
Financial Summary
Capstone's total backlog at the end of the second quarter ended September 30, 2007 was $10.4 million of which $7.2 million is short term (within twelve months). Total backlog increased approximately $5.1 million, or 96% from the first quarter ended June 30, 2007 and approximately $3.6 million, or 53% from the end of the same period last year.
Revenue for the second quarter was $7.2 million, an increase of approximately 145% from the $2.9 million reported for the same period last year and $1.6 million or 28% from the prior quarter. The increase is attributable to increased sales to the North American, European and Asian markets.
The reported gross loss for the second quarter was $0.8 million, or 10% of revenue, compared to $2.3 million, or 79% of revenue for the same period last year. The improvement in gross loss from the prior year was because of increased total volume and higher margin C-60 series units and lower warranty and inventory charges of $1.3 million.
Research and development costs were $2.4 million for the second quarter, a decrease of $0.2 million, or 6% from the same period last year. R&D expenses are reported net of benefits from cost-sharing programs such as the United Technologies Corporation ("UTC") funding. The first $1.5 million of the $12.0 million due from UTC was received during the second quarter of which $115,000 was applied against R&D expense. The remaining $1.4 million will be recognized against R&D expense in future periods. There was approximately $0.4 million of such benefits from another source for the same period last year. Overall net expenses were lower primarily because of lower labor and consulting spending, decreased development hardware, and reduced facilities expenses.
Selling, general and administrative costs were $5.9 million for the second quarter, a decrease of $0.2 million, or 3% from the same period last year. The reduction is primarily because of lower labor related costs, professional services, consulting and marketing expenses offset by increased travel and facilities expenses.
Capstone's net loss was $8.5 million, or $0.06 per share, for the second quarter, a decrease of $1.9 million from the $10.4 million loss, or $0.10 per share, reported for the same period last year.
Cash balances decreased by $4.0 million during the second quarter of fiscal 2008. As of September 30, 2007, cash and cash equivalents were $46.3 million. Cash used in operations was $5.4 million for the quarter compared to $9.9 million for the prior quarter and $9.6 million for the same period last year.
Conference Call
The Company will host a conference call today, Thursday, November 8, at 1:45 p.m. Pacific Time. Access to the live broadcast and a replay of the webcast will be available for 90 days through the Investor Relations page on the Company's website: www.microturbine.com.
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com)(NASDAQ:CPST - News) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped thousands of Capstone MicroTurbine™ systems to customers worldwide. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 certified company; Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Mexico City, Milan, Nottingham, Shanghai and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
Contact:
Capstone Turbine Corporation
Investor and investment media inquiries:
Alice Barsoomian, 818-407-3628
--------------------------------------------------------------------------------
Source: Capstone Turbine Corporation
News leaked yesterday of Mayor Bloomberg announcing code approval for installation of microturbines in residential and commercial facilities. Capstone worked closely with NY in establishing viability.
NYC News
The small-cap clean-energy company, which develops microturbine technology, got a 13% lift yesterday after announcing that New York City mayor Mike Bloomberg had instituted a new rule regarding the safe use and installation of those systems. Per Bloomberg's press release, this will "enable building owners to take advantage of microturbine technology" for on-site electricity generation in both residential and commercial buildings.
52wk Range: 0.75 - 1.48
Volume: 5,640,252
Avg Vol (3m): 2,198,580
Press Release Source: Capstone Turbine Corporation
New York City Mayor Bloomberg Announces New Rule for Microturbine Deployment
Tuesday December 4, 4:15 pm ET
CHATSWORTH, Calif.--(BUSINESS WIRE)--Capstone Turbine Corporation (www.microturbine.com) (NASDAQ:CPST - News), the world's leading clean technology manufacturer of microturbine energy systems, today announced that New York City has implemented the country's first standard for the use and installation of microturbine technology.
"Mayor Bloomberg's announcement yesterday (www.nyc.gov) of the new rule outlining the use and installation of microturbine systems in residential and commercial buildings in New York is an important milestone for Capstone as we look to help New York lower its greenhouse gas emissions and allow building owners to generate a portion of their own electricity throughout the five boroughs," said Darren Jamison, President and Chief Executive Officer of Capstone Turbine Corporation.
The new rule was published in yesterday's City Record and takes effect immediately. The rule will help New York meet its commitment to reduce greenhouse gas emissions citywide by 30% between now and 2030, and it will help spur the real estate and development communities to build more efficient, greener projects moving forward.
"Capstone has been cooperating with the Cogeneration Task Force for more than a year to get this new standard written and on the books," stated Jim Crouse, Executive Vice President, Sales and Marketing for Capstone Turbine Corporation. "This has been a substantial undertaking by our employees, partners and consultants to work collaboratively with the Cogeneration Task Force in meeting the New York building codes and Fire Department safety guidelines," Crouse added.
Buildings in New York City generate 79% of the city's greenhouse gas emissions. By supplying on-site power generation to buildings, microturbine systems provide an energy-efficient supplement to power plants, New York City's conventional power supply. Building owners are now enabled to take advantage of Capstone's microturbine technology, which will help the City reach its PlaNYC goal of expanding clean distributed power generation citywide.
Under the rule, microturbine systems approved by nationally recognized testing laboratories such as Underwriters Laboratory (UL) can be installed at residential and commercial buildings in various locations, including within weatherproof enclosures at grade or on roofs and within mechanical rooms built with 2-hour fire-resistance rated walls.
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com) (NASDAQ:CPST - News) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 4,000 Capstone MicroTurbine® systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 certified company; Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Mexico City, Milan, Nottingham, Shanghai and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the ability of our products to lower greenhouse gas emissions. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Contact:
Capstone Turbine Corporation
Alice Barsoomian, 818-407-3628
--------------------------------------------------------------------------------
Source: Capstone Turbine Corporation
Press Release Source: Capstone Turbine Corporation
Capstone Announces First Megawatt Microturbine Solution
Wednesday December 12, 5:00 am ET
CHATSWORTH, Calif.--(BUSINESS WIRE)--Capstone Turbine Corporation (www.microturbine.com) (NASDAQ:CPST - News), the world's leading clean technology manufacturer of microturbine energy systems announced today the C1000, the world's first megawatt microturbine solution.
The new robust megawatt power systems, based on Capstone's C200 microturbine product line, can be configured into 1,000 kW, 800 kW and 600 kW solutions in a single 28-foot-long ISO container. Other benefits include:
- Low greenhouse-gas emissions
- Patented air-bearing microturbine technology
- Easy to install and commission -- single fuel and electrical connection
- Minimal scheduled maintenance and downtime
- Low noise and vibration
- One of the industry's smallest modular footprints
Additional features include Capstone's remote monitoring and diagnostic capabilities, and integrated utility synchronization and protection. Comprehensive Factory Protection Plans are available.
"This is another important technical achievement for Capstone as we will be able to effectively compete in megawatt scale projects and therefore double our addressable market," said Jim Crouse, Capstone Turbine Corporation's Executive Vice President of Sales and Marketing.
"The C1000 platform applies the same dependable technology found in our proven 30kW and 65kW products," said Darren Jamison, Capstone's President and Chief Executive Officer. "We believe the C1000 will be well received in the United States and abroad and reinforce our commitment to provide customers one of the most environmentally friendly distributed generation products available."
Every installed C1000 Capstone MicroTurbine solution is equivalent to removing up to 700 average U.S. passenger vehicles from the road, based on EPA emissions and efficiency data for the average US power plant and average passenger vehicle, or the equivalent of 730 acres of pine and fir forest, based on CO2 reductions.
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com) (NASDAQ:CPST - News) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 4,000 Capstone MicroTurbine® systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 certified company; Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Mexico City, Milan, Nottingham, Shanghai and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the benefits of our new C1000 product and new sales opportunities for Capstone globally for the new C1000 product. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Contact:
Capstone Turbine Corporation
Alice Barsoomian, 818-407-3628
--------------------------------------------------------------------------------
Source: Capstone Turbine Corporation
Gaining ground after the bell Tuesday...
New York City mayor Mike Bloomberg had instituted a new rule regarding the safe use and installation of those systems. Per Bloomberg's press release, this will "enable building owners to take advantage of microturbine technology" for on-site electricity generation in both residential and commercial buildings.
The initial announcement was made on Monday, but Capstone shares were up 15 cents to $1.30 in recent extended trading, after the company disseminated the news.
The move continues into Wednesday's action !
Support @ $1.43...1.33...1.28
Resistance @ $1.75...2.00...2.25
52wk Range: 0.75 - 1.50
Volume: 5,506,717
Avg Vol (3m): 2,356,920
Technicals
Record Price High
Percentage Gainer
MACD is Bullish
RS Rating: 96
Fundamentals
Key Data:
Market Cap (M): $197.19
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: Buy
Below are the 6 month, 1 year, 2 year and 3 year charts.......
Updated look.......
CPST is extremely well poised to be the leading technology driver for this revolution because of its scale, modularity, and proven reliability over the years.
Recent fundamental news including incentives by NYC to promote use of microturbines.
Breaking out to a 52wk high.
Part of the hot alternative energy sector.
A play on increased energy efficiency.
Low price, historically volatile price action, low market capitalization, and high short interest.
52wk Range: 0.75 - 1.67
Volume: 4,462,923
Avg Vol (3m): 2,503,800
from Motley Fool:
A crowning achievement
While solar energy has been getting all the attention lately, other renewable energy sources have also had the wind at their backs. Such is the case with tiny Capstone Technology, a manufacturer of microturbines that operate on a variety of gaseous or liquid fuels and emit very low emissions. It recently unveiled the first megawatt microturbine. The company claims that each installation of its solution is the emissions-reducing equivalent of removing up to 700 cars from the nation's highways.
Although a number of top-ranked CAPS investors feel this could be a case of investors piling into a company because of its relationship with "alternative energy," bulls here feel its technology can actually assist and proliferate.
CAPS investor laservisor noted last year that alternative fuels will be driving ahead and Capstone can benefit from them:
The next revolution in energy will come from biomass based resources. Ethanol is what most people think of when they think biomass energy, but there are two very important other fuels: biogas (CH4+CO2) and producer gas (CO, H2, etc). These fuels can be produced at the community and "district" scale from ag waste, municipal urban waste, and so on -- and there are literally hundreds of thousands of sites around the world where small decentralized units of energy production from biomass can be commercialized.
Capstone is extremely well poised to be the leading technology driver for this revolution because of its scale, modularity, and proven reliability over the years.
Further, even though some CAPS All-Stars, like luvb2b with a perfect 100.00 player rating, see it as a short-term play, they also note the company has good fundamentals and some growth drivers poised to give it a boost:
CPST has a lot of the characteristics needed to make it a good January Effect candidate:
1. Recent fundamental news including incentives by NYC to promote use of microturbines.
2. Breaking out to a 52wk high.
3. Part of the hot alternative energy sector.
4. A play on increased energy efficiency.
5. Low price, historically volatile price action, low market capitalization, and high short
interest.
David, please have a look!
http://www.3stocksonfire.org/trading/index.php?topic=686.msg110488#new
looks great imho
consolidation and accumulation phase for the next phase
this one will be a winner 2008 imho
cheers
Oliver
U.S. DEPARTMENT OF COMMERCE ANNOUNCES 18 U.S. CLEAN-ENERGY COMPANIES WILL JOIN TRADE MISSION TO CHINA AND INDIA
For Immediate Release: December 21, 2007
Washington – U.S. Commerce Assistant Secretary David Bohigian today announced 18 U.S. companies will join the second U.S. Clean-Energy Trade Mission. The mission will make stops in Beijing, Guangzhou, and Hong Kong, China as well as Kolkata and Bangalore, India, from Jan. 8-18. These companies will be exposed to business opportunities in these fast-growing markets, where American clean-energy technology goods and services can help improve the environment.
"The continuing rapid growth of the Chinese and Indian economies presents unparalleled opportunities and challenges," said Bohigian. "U.S. clean-energy companies can help China and India meet their enormous energy demands while deploying technology that benefits the environment. The 18 U.S. companies participating in this mission are among the most innovative in the world and the mission's business and government meetings allow them to present cutting-edge products and services to these dynamic markets."
Assistant Secretary Bohigian will be joined by representatives from: 3Tier, Ameresco, AzurePower, Inc., Boston Power, Capstone Turbines Corporation, Caterpillar, Covanta, Eaton Corporation, Energy Dynamics Corporation, General Biodiesel, Grammer Industries/Integrity Biofuels, Kay Nordstrom Engineering, Marsico Capital Management, Quantum Technologies, Inc., RBC Dain Rauscher, RMF Engineering, Synergics Energy Services, Vista International.
T he clean-energy companies specialize in the renewable energy, energy efficiency, clean coal, and distributed generation sectors. They offer innovative solutions to China's and India's energy and environmental challenges and are potential partners to the countries' business and government leaders.
All companies participating in the mission belong to industry sectors advanced by the Asia Pacific Partnership on Clean Development and Climate (APP). The APP is a Presidential priority to achieve a reduction in the intensity of carbon dioxide and other greenhouse gas emissions and enhance energy security, in the context of sustained economic growth.
The APP is a public-private partnership including seven partner countries, representing half of the world's economy, population and energy consumption: Australia, Canada, China, India, Japan, South Korea and the United States. Member countries work together to break down policy barriers and facilitate commercial deployment of technologies that reduce greenhouse gas emissions and enhance energy security.
For additional information regarding the Clean-Energy Trade Mission, including a full list of participants, visit www.export.gov/cleanenergymission. For additional information regarding the APP, visit www.state.gov/app or www.asiapacificpartnership.org.
CPST: Short Interest DN 4.4% to 9.7M in Mid Dec 2007
Wednesday, December 26, 2007 16:16ET
According to new short interest data from NASDAQ, short interest for Capstone Turbine Corporation (NasdaqNM: CPST) DECREASED 4.4% to 9,731,007 shares as reported in mid-December, 2007.
Based on CPST's 20-day average daily share volume of 3,384,415, it would require approximately 3 day(s) of buying to cover this short interest.
Break out :D
CPST: Short Interest DN 4.4% to 9.7M in Mid Dec 2007
Wednesday, December 26, 2007 16:16ET
According to new short interest data from NASDAQ, short interest for Capstone Turbine Corporation (NasdaqNM: CPST) DECREASED 4.4% to 9,731,007 shares as reported in mid-December, 2007.
Based on CPST's 20-day average daily share volume of 3,384,415, it would require approximately 3 day(s) of buying to cover this short interest.
Thanks for keeping CPST on the radar Oliver and Setravis. I'm in at 1.56. Wednesday morning lucked out and bought about 15 mins before it started running. Note this is an unusual event as I usually get in near the highs on breakout days >:D. Let's see $2 Capstone!
Capstone Announces $4.0M Order for C200 Product and Selling out 2008 C200 Production
Monday January 7, 6:00 am ET
CHATSWORTH, Calif.--(BUSINESS WIRE)--Capstone Turbine Corporation (www.microturbine.com) (NASDAQ:CPST - News), the world's leading clean technology manufacturer of microturbine energy systems announced today that it has received an order for approximately $4.0M from BPC Energy Systems in Moscow, Russia for its new 200kW microturbine product. In addition, Capstone announced that with this order it has effectively "sold out" of its planned initial calendar year 2008 production. The new 200kW offering was launched in September 2007 and the C1000 product family was released at the Power-Gen International trade show in New Orleans in December 2007.
Capstone's C200 product development program is partially funded by UTC Power Corporation which is providing $12.8 million in cash and in kind services in exchange for a 10% royalty payment. "The new ultra clean, light weight, air bearing design is scheduled to commence commercial production in September 2008 with an initial 28 production slots available in calendar 2008 and another 110 slots for 2009," said Leigh Estus Capstone's Senior Vice President, Operations. "As of today we have firm orders for 42 units with approximately 29 of these orders requiring 2008 delivery dates," added Estus.
"Obviously, I am extremely pleased with the success of our initial launch of the C200 and C1000 product families," stated Darren Jamison, Capstone's President and Chief Executive Officer. "Capstone's engineering, procurement and manufacturing teams are currently looking at ways to increase our production and hope to make available 20 additional production slots in calendar 2008 and increase 2009 slots from 110 to 160," added Jamison.
"The amount of interest and inquiries we have received since we showcased the C200 and C1000 products at PowerGen International last month has been encouraging," said Jim Crouse, Capstone Turbine Corporation's Executive Vice President of Sales and Marketing. "I believe this initial order activity demonstrates the market is looking for ultra-clean and highly reliable power generation solutions in the 200kW to 2MW space," added Crouse.
This new family of microturbine-based products provides solutions in the 200kW, 600kW, 800kW and 1,000kW range in a single standard sized container. These new products will provide all the low emissions and low maintenance benefits in a compact footprint that will extend the application of Capstone microturbines into the multi-megawatts project size.
Other key features will include Capstone's patented air bearing, remote monitoring and diagnostic capabilities, and integrated utility synchronization and protection. The small, modular design will allow for easy and low-cost installation. Five and nine year Capstone Factory Protection Plans are also available.
"It is not surprising that the majority of our early adopters of the C200 product family are in Europe and Russia as these markets have historically supported new environmentally superior products," added Jamison. "However, as I stated previously, I believe this new product line will also have great applications in the United States and it reinforces our commitment to provide our customers with the best distributed generation products available," added Jamison.
chart:
a winner stock 2008 imho
update:
http://www.3stocksonfire.org/trading/index.php?topic=686.msg111114#new
chart:
updated CPST presentation:
http://library.corporate-ir.net/library/12/120/120708/items/274628/Pritchard%20Presentation.pdf
chart:
fyi:
CPST: Northland Sec Starts @ Outperform; Sets Tgt @ $2.2; Analyst Notes
Wednesday, January 30, 2008 12:53ET
Issuer: Capstone Turbine Corporation (NasdaqNM: CPST)
Analyst Firm: Northland Securities
Ratings Action: INITIATE
Current Rating: Outperform
Target Price Action: INITIATE
Target Price: $2.20
Analyst Comments: The firm believes the Company is positioned to benefit from the increased awareness of the environmental and economic implications of our ever-increasing energy consumption. The Capstone MicroTurbine(R) (MT) uses patented air-bearing technology and offer customers a compelling cost-savings proposition.
CPST: Northland Sec Starts @ Outperform; Sets Tgt @ $2.2; Analyst Notes
Wednesday, January 30, 2008 12:53ET
Issuer: Capstone Turbine Corporation (NasdaqNM: CPST)
Analyst Firm: Northland Securities
Ratings Action: INITIATE
Current Rating: Outperform
Target Price Action: INITIATE
Target Price: $2.20
Analyst Comments: The firm believes the Company is positioned to benefit from the increased awareness of the environmental and economic implications of our ever-increasing energy consumption. The Capstone MicroTurbine(R) (MT) uses patented air-bearing technology and offer customers a compelling cost-savings proposition.
Capstone Turbine Corporation Announces Third Quarter Fiscal 2008 Operating Results
Monday , February 11, 2008 16:30ET
CHATSWORTH, Calif., Feb 11, 2008 (BUSINESS WIRE) -- Capstone Turbine Corporation(R) (www.microturbine.com;) (NASDAQ:CPST), reported operating results for its third quarter ended December 31, 2007 in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on February 11, 2008.
Financial Summary
Capstone's backlog at the end of the third quarter was $13.1 million of which $11.2 million is short term (within twelve months). Total backlog increased approximately $2.7 million, or 26% from the second quarter ended September 30, 2007 and approximately $5.0 million, or 62% from the end of the same period last year.
Revenue for the third quarter ended December 31, 2007 was $9.2 million, an increase of approximately 61% from the $5.7 million reported for the same period last year and $2.0 million or 28% from the prior quarter. The increase is attributable to continued growth in the Americas, European and Asian markets.
The reported gross loss for the third quarter was $40,000, or less than 1% of revenue, compared to $500,000, or 8% of revenue for the same period last year. The improvement in gross loss from the prior year was because of increased total volume and lower warranty costs offset by lower absorption of overhead into inventory.
Research and development costs were $1.8 million for the third quarter, a decrease of $0.2 million, or 13% from the same period last year. R&D expenses are reported net of benefits from cost-sharing programs such as the United Technologies Corporation ("UTC") funding. During the quarter $0.9 million of such funding was applied against R&D expense. There was approximately $0.5 million of such benefits from another source for the same period last year. Overall net expenses were lower primarily because of the UTC payments that were recognized against R&D expense.
Selling, general and administrative costs were $6.5 million for the third quarter, an increase of $0.1 million, or 2% from the same period last year. The increase is primarily due to increased efforts in developing worldwide distributors and the launch of the C200 and C1000 Series.
Capstone's net loss was $7.7 million, or $0.05 per share, for the third quarter, a decrease of $0.8 million from the $8.5 million loss, or $0.08 per share, reported for the same period last year.
Cash balances decreased by $3.6 million during the third quarter of fiscal 2008. As of December 31, 2007, cash and cash equivalents were $42.7 million. Cash used in operations was $3.3 million for the quarter compared to $5.4 million for the prior quarter and $13.1 million for the same period last year. Capstone benefited from achieving two milestones which generated $4.5 million of UTC funding during the quarter.
up to 1.67 afterhours.....
update
QuoteDavid, please have a look!
I've been looking la-onda and you already have a nice profit on this one, congrats for the pick :)
There are so many things to talk about this stock, I don't know where to begin ... I'll start by organizing and showing the historical information.
1. Chart since IPO(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=43818;image)
CPST had its IPO in June, 29, 2000 and it opened at $27.37. 17.4 million shares changed hands that day and the stock closed at $47.98 (signs of the times).
The company's market cap was about $3.6 B, for $23 M in revenue in 2000, which is completely insane.
When I first looked at CPST's long term chart I thought "there was a lot of dilution here", but no, it's just that the company was so overvalued to begin with that it fell 90% plus just to correct that over valuation, without any significant dilution, as you can see in the historical share count (http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?Symbol=cpst&lstStatement=10YearSummary&stmtView=Ann) (between 2000 and 2005 the share count increased just 12%).
However, since 2005 until now, the share count grew 72% to 145,586,731 shares. CPST needed cash and now it has plenty of it, $42.7 M in the latest balance sheet. The current market cap is $275 M.
2. Historical Revenue & Net IncomeAgain, in this MSN Money link (http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?Symbol=cpst&lstStatement=10YearSummary&stmtView=Ann), which I find fantastic and you should put it in your favorites, it's curious to note that CPST had higher revenues in fiscal 2000 ($23.2 M) than in fiscal 2007 ($21 M).
The losses over the years were staggering, with CPST losing ($394 M) over the past 10 years :o
Considering more recent data, like the calendar 4th quarter of 2007, results were the following:
• Capstone Turbine Corporation Announces Third Quarter Fiscal 2008 Operating Results (http://biz.yahoo.com/bw/080211/20080211006460.html?.v=1)
Business Wire (Mon, Feb 11)
«Capstone's net loss was $7.7 million, or $0.05 per share, for the third quarter, a decrease of $0.8 million from the $8.5 million loss, or $0.08 per share, reported for the same period last year.»
Losing ($7.7 M) to sell $9.2 M.
3. Recent Developments & Analysts OutlookI guess the recent rally has to do with some announcements of new distributors, and there was another one yesterday. Check the latest press releases here (http://finance.yahoo.com/q?s=cpst).
There's little doubt that CPST's revenues will rise significantly going forward and analysts estimates reflect that (http://finance.yahoo.com/q/ae?s=CPST). But, even with 50% plus revenue growth in fiscal 2008 and 2009, analysts still see losses.
4. TechnologyI've been studying CPST's website (http://www.capstoneturbine.com/) and the presentation la-onda left us (http://library.corporate-ir.net/library/12/120/120708/items/274628/Pritchard%20Presentation.pdf), and the company's technology is interesting, being used to produce electricity mainly from burning natural gas. It is a way for buildings to be independent from the state's utility power grid.
But they're still dependent on natural gas or any other fuel to burn.
I find Solar energy proposals more appealing, because they don't burn any fuel, so the long term costs are probably less. I also guess that, even though this micro-turbine is more environmentally friendly than traditional power sources, it isn't as friendly to the environment as capturing energy from the sun or wind.
5. ConclusionEven though financial metrics for this company are improving, in terms of growing revenues and diminishing losses, I believe that's priced in at a $275 M market cap so it doesn't look attractive to me from this standpoint.
Thinking of the long term investment story, these micro-turbines have been around for about 10 years and just now they're getting some traction, when alternative energy is such a hot industry.
I think CPST's technology competes directly with the solar industry. However, there are regions of the globe where there isn't a lot of sun and there are infrastructures that need a lot of power and solar won't be enough.
Therefore I see a growing market for CPST's products, I'm just not sure that the company can be very profitable over the long term.
I have doubts, so I'm not investing. But I wish very good luck to la-onda and all others holding CPST.
I wish I would still hold my shares from the 1.6$ area :'(
CPST: Shares Rally on NYC Commission; Spiking Oil
Wednesday, March 05, 2008 16:30ET
Capstone Turbine Corp. (CPST) shares gained almost 12% on Wednesday. The Company is a leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. On Monday, the Company completed installations of New York's first microturbines under the City's new rule for residential and commercial use. In December New York City implemented the country's first standard for the safe use and installation of microturbine technology. RSP Systems recently installed or coordinated installation of Capstone MicroTurbine(R) systems in four locations around the City. The sites are fueled by clean burning natural gas, and emit very low emissions making Capstone a clean, green, reliable and cost-effective source of energy.
Rounding Bottom (reversal) .... ;D
;D ;) 8)
Capstone Turbine announces new distributor agreement for the Caribbean (CPST) 2.12 +0.22 : Co announces the signing of a new Distributor agreement with Energy Systems of Caribbean for all applications and market segments in the Caribbean, including the British Virgin Islands, Dominican Republic, Puerto Rico, and U.S. Virgin Islands.
52wk Range: 0.86 - 2.28
Volume: 4,756,740
Avg Vol (3m): 2,863,300
Technicals
Percentage Gainer
Last Price Quote is:
10.71%above 13-day MA
21.80%above 50-day MA
RS Rating: 97
Fundamentals
Key Data:
Market Cap (M): $267.88
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/11/2008
Last Analyst Rating: Outperform
CAPSTONE TURBINE rocking on all cylinders. ;)
This is a text book case of doing everything right.
Every business must establish distribution networks in order to be successful,
CPST is doing it by the books !
To have GROWTH, you must have distributor to push your product while you pull them in...ha,ha, I'm sure MBA's know what I'm talking about. Moreover, the industry/environment for products such as CPST is becoming more and more in demand. It's already in NY, so I'm pretty sure other cities are looking at CPST as an alternative energy.
It looks like the new management's marketing plan of using dealers is working.
52wk Range: 0.86 - 2.28
Volume: 3,832,650
Avg Vol (3m): 2,913,120
Technicals
Last Price Quote is:
10.83%above 13-day MA
23.15%above 50-day MA
RS Rating: N/A
Fundamentals
Key Data:
Market Cap (M): $267.88
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/11/2008
Last Analyst Rating: Outperform
CHATSWORTH, Calif., Apr 01, 2008 (BUSINESS WIRE) -- Capstone Turbine Corporation (www.microturbine.com) (CPST, Trade), the world's leading clean technology manufacturer of microturbine energy systems, today announced that it received a 150 unit order for C30 Capstone MicroTurbines(R) to be deployed in ECOSaver IV hybrid electric buses manufactured by DesignLine International. This is the largest order to date for Capstone products in a Hybrid Electric Vehicle (HEV) application.
Headquartered in Charlotte, North Carolina, with manufacturing facilities in Charlotte and Ashburton, New Zealand, DesignLine was established in 1985 and produces high quality coaches, buses and specialty vehicles for the worldwide market with particular focus on its industry leading ECOSaver IV hybrid vehicle.
"This substantial order from our partner, DesignLine International, calls for shipments through June 2009 to their new plant in North Carolina," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "One of DesignLine's business goals is to work closely with its customers and encourage public transportation as an attractive option to private vehicles. Thus, the vehicles designed and built by DesignLine feature wide entry doors, super low floors, and spacious and comfortable interiors," added Crouse.
"We are very pleased with the success DesignLine has had in deploying our microturbines in their buses for a number of years. Hybrid electric buses, built by DesignLine and equipped with Capstone microturbines, have been operating in various parts of the world for approximately 10 years. In recent product demonstrations the ECOSaver IV hybrid buses when equipped with our turbine have seen up to a 100% improvement in fuel economy over a traditional diesel bus which equates to fuel savings of up to 6,000 gallons per year according to DesignLine," said Darren Jamison, President and Chief Executive Officer of Capstone Turbine Corporation. "In addition, as responsible members of the world community, DesignLine takes environmental preservation seriously. Therefore, they have been designing and manufacturing their buses for maximum fuel efficiency and the lowest possible emissions to make every effort to protect the environment including aluminum floors to remove the structurally weaker and environmentally harmful marine grade plywood," added Jamison.
"The foundation of our company's success is based on our innovative designs, cost competitiveness and the high quality of our products. Our vehicles are constructed with advanced extruded aluminum technology making them lightweight and very strong. The end result is the most fuel efficient vehicle available," said Brad C. Glosson, Chief Executive Officer of DesignLine International. "A new day has dawned on the transit industry where the status quo is no longer acceptable and we, as a global community, must respond to the demand for the most fuel efficient, lowest emission and most reliable transit solutions possible. The ECOSaver IV hybrids provide unparalleled performance in all of these key areas. To achieve the goal of being the most environmentally-friendly hybrid available, DesignLine searches tirelessly for partners like Capstone. We employ the Capstone microturbine because we are impressed with the overall performance, the incredible reduction in the carbon footprint, reliable products and innovative solutions. We look forward to expanding further our successful relationship with Capstone," added Glosson.
Capstone MicroTurbines(R) are the only turbine systems being sold in volume on urban transit vehicles. Three primary attributes make Capstone-energized systems almost maintenance-free:
-- A Single Moving Part - A single turbine/compressor shaft with integrated generator.
-- Patented Air Bearings - The single moving part rides on a cushion of air. Consequently, Capstone MicroTurbines(R) never need oil or lubrication maintenance.
-- Air Cooled - No radiator, water pump, thermostat, hoses, belts or external accessories.
DesignLine's ECOSaver IV hybrid electric buses feature innovative styling, exceptional ride quality with improved gas mileage and lower emissions. During zero emission mode the noise level is near zero and with the Capstone unit running the noise level is approximately 75% lower than a traditional diesel bus. DesignLine calculates a 40% reduction in overall lifecycle cost compared to a traditional diesel bus.
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com) (CPST, Trade) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 4,000 Capstone MicroTurbine(R) systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 certified company; Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Mexico City, Milan, Bath, Shanghai and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the fuel efficiency, reliability and environmental advantages of our products for use in hybrid electric buses and a successful relationship between DesignLine International and Capstone. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
SOURCE: Capstone Turbine Corporation
Capstone Turbine Corporation
Alice Barsoomian, 818-407-3628
Copyright Business Wire 2008
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Rockin on all cylinders....... 8)
CAPSTONE TURBINE C(NasdaqGM: CPST)
After Hours: 2.40 0.10 (4.35%) as of 5:12PM ET on 04/01/08
52wk Range: 0.86 - 2.28
Volume: 5,290,196
Avg Vol (3m): 2,839,440
Technicals
Record Price High
Last Price Quote is:
13.44%above 13-day MA
27.07%above 50-day MA
RS Rating: 97
Fundamentals
Key Data:
Market Cap (M): $307.19
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/11/2008
Last Analyst Rating: Outperform
>:D >:D
I love the look of CPST: huge momemtum, volume has been really good.
From a financial analysis perspectiveCPST's income statement looks a little blah!... They are getting killed with the cost of good sold alone. Net loss is like a mirror image of their revenues.
On the other hand, I like their current and quick ratio. At 5.93, and 4.47 respectively, these are solid (and fairly consistent) numbers over the past 3 years.
I love how the cash is positive this year, as well as how it has been steadily increasing:
from -$83M (year ending March 2005) to -$5M (year ending March 2006) to +$2M (year ending March 2007).
I can't wait to see this year's results.
My question is: is it smart and safe (-ish) to buy at or close to a 52-week high?? Any feedback, anyone?
Quote from: Livana on April 11, 2008, 12:56:42 PM
My question is: is it smart and safe (-ish) to buy at or close to a 52-week high?? Any feedback, anyone?
Buy the pullback !
Revenue growing,
1-Month Price Change 35%
backlog is substantial, and oil/gas industry is a perfect fit, for offshore installations.
With Gas and all other utilities trending up, it only makes sense that CPST benefit. Especially, with the focus on the New York area and oversee. I foresee a major explosion (PRICE) in the near future.
52wk Range: 0.86 - 2.87
Volume: 4,296,525
Avg Vol (3m): 3,047,440
Technicals
Last Price Quote is:
13.48%above 13-day MA
35.52%above 50-day MA
RS Rating: 97
Fundamentals
Key Data:
Market Cap (M): $394.54
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/11/2008
Last Analyst Rating: Outperform
Gaining traction...
More than Momentum, Stock rising for a reason.
Buy initial amount and add on dips.
52wk Range: 0.86 - 2.87
Volume: 9,262,783
Avg Vol (3m): 3,079,040
Technicals
Record Price High
Most Actives
Last Price Quote is:
16.51%above 13-day EMA
39.87%above 50-day EMA
RS Rating: 97
Fundamentals
Key Data:
Market Cap (M): $394.54
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/11/2008
Last Analyst Rating: Outperform
This is a company to watch!
Leader in the world microturbine technology, so as more and more applications emerge, this company is really going to be busy. you see, its always less expensive short term to buy the product from someone who already has it than it is to develop it yourself, and current business leaders (lets say most current ceo's) want to get as much out of their positions as they can as fast as they can. The applications for microturbine technology are almost infinite, from power production to automotive and farm uses, aircraft to vacuum cleaners, air conditioners to hair driers, if you see where i am going with this. The company has a modest balance sheet with strong potential for increased earnings and its already beginning to show.
The growing order backlog for CPST will eventually make this stock a long term gem. International orders, especially from Europe, will create the opportunity.
This company has the growth potential of some of the best performers.
This stock is finally starting to grow legs with some big deals inked. Estimates for this quarter seem to have good expectations
Basing before next move...
http://biz.yahoo.com/tm/080428/17157.html?.v=1
We are in a bullish trend.......
52wk Range: 0.86 - 3.10
Volume: 7,714,545
Avg Vol (3m): 3,552,290
Technicals
Most Actives
Last Price Quote is:
5.83%above 13-day MA
22.87%above 50-day MA
RS Rating: 98
Fundamentals
Key Data:
Market Cap (M): $412.01
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/11/2008
Last Analyst Rating: Outperform
They like to dilute share count, usually in March....pass due...?...Maybe 03/07 dilution will hold them for a while.
http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?Symbol=cpst&lstStatement=10YearSummary&stmtView=Ann (http://moneycentral.msn.com/investor/invsub/results/statemnt.aspx?Symbol=cpst&lstStatement=10YearSummary&stmtView=Ann)
Movers roundup: ;) :D ;D
NEW YORK (AP) -- Shares of Capstone Turbine Corp. gained sharply on Monday after a Merriman Curhan Ford analyst started the company with a "Buy" rating, predicting widespread adoption of its low-emission microturbine technology.
52wk Range: 0.87 - 3.10
Volume: 10,560,226
Avg Vol (3m): 3,734,410
Technicals
Record Price High
Most Actives
Percentage Gainer
Last Price Quote is:
14.85%above 13-day MA
32.02%above 50-day MA
RS Rating: 98
Fundamentals
Coverage Initiated: Buy
Key Data:
Market Cap (M): $429.48
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/11/2008
Last Analyst Rating: Buy
AP
Capstone Turbine rises as Merriman begins at 'Buy'
Monday May 12, 5:47 pm ET
Capstone shares climb sharply as Merriman initiates at 'Buy,' predicting microturbine adoption
NEW YORK (AP) -- Shares of Capstone Turbine Corp. gained sharply on Monday after a Merriman Curhan Ford analyst started the company with a "Buy" rating, predicting widespread adoption of its low-emission microturbine technology.
In a note to investors Monday, Jesse T. Herrick lauded Capstone's microturbine power generators, which use a variety of fuels to generate "clean, dependable" power for stationary locations or hybrid vehicles, he said.
Herrick predicted low-emissions power generation will likely outpace "ultra-clean" alternatives such as solar and wind power due to capacity constraints and dependence on subsidies, making Capstone's products poised for wide adoption as the demand for cleaner power generation increases.
Additionally, Herrick noted the company has begun taking pre-orders for its new, higher capacity models, which he expects will allow the company to expand into wider markets.
Herrick predicted the Chatsworth, Calif., company would post a loss of 24 cents per share in 2008, and a narrower loss of 14 cents per share the following year. Analysts polled by Thomson Financial expect a 2008 loss of 23 cents per share, and a 2009 loss of 15 cents per share.
The stock has more than tripled from a 52-week low of 86 cents last May.
Quote from: David Randolph on February 28, 2008, 07:24:57 AM
QuoteDavid, please have a look!
............
Therefore I see a growing market for CPST's products, I'm just not sure that the company can be very profitable over the long term.
I have doubts, so I'm not investing. But I wish very good luck to la-onda and all others holding CPST.
So David, we were both wrong :'(
Sold much too early in the mid 1$ range ::)
any update from your research tool?
cheers
Oliver
CPST: Merriman Starts @ Buy; Analyst Notes
Monday , May 12, 2008 08:13ET
Issuer: Capstone Turbine Corporation (NasdaqNM: CPST)
Analyst Firm: Merriman Curhan Ford & Co.
Ratings Action: INITIATE
Current Rating: Buy
Analyst Comments: Capstone Turbine develops and manufactures low-emission, high-efficiency microturbines for use in a variety of stationary and motive applications. Although ultra-clean solar, wind and fuel cell technologies are an attractive concept and have gained much popularity in the investment community, the firm believes capacity constraints and dependence on subsidies will drive the adoption of clean, dependable hydrocarbon-based technologies. Leveraging its unique MicroTurbineTM design and range of products, they believe Capstone Turbine is well-positioned for rapid growth.
Right now the trend is definitely higher...and it could go much higher !
Never short a stock just because "it looks too high to you, it just might be in the middle of it's run." (William O'Neil, How To Make Money In Stocks).
52wk Range: 0.88 - 3.27
Volume: 7,435,879
Avg Vol (3m): 3,882,410
Technicals
Record Price High
Most Actives
MACD - Bullish
Last Price Quote is:
18.99%above 13-day MA
37.96%above 50-day MA
RS Rating: 98
Fundamentals
Coverage Initiated: Buy
Key Data:
Market Cap (M): $429.48
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/11/2008
Last Analyst Rating: Buy
Capstone Turbine Corporation (CPST) TraderNote – CPST Signs a New Distributor Agreement with Five Star Electric
Capstone Turbine Corp. (CPST) shares are climbing nearly 7 percent to $3.72 in Monday morning trading. Capstone Turbine engages in the development, manufacture, marketing, and service of microturbine technology solutions.
Its solutions are primarily used in stationary distributed power generation applications, including cogeneration, resource recovery and secure power. The company's solutions are also being used as generators for hybrid electric vehicle applications.
Capstone Turbine recently announced the signing of a new distributor agreement with Five Star Electric for all applications and market segments in Central and East Texas.
Five Star Electric's objective is to be the leading Texas-based company providing world-class technical solutions and services to customers by manufacturing and representing electrical power conversion, motors and control/automation/instrumentation for various industries. With its expertise, Five Star is positioned to help Capstone in the oil and gas markets.
Capstone Turbine sells microturbine units, subassemblies, components and various accessories. The company also offers various accessories, including rotary gas compressors with digital controls; heat recovery modules for CHP applications; dual mode controllers that allow automatic transition between grid connect and stand-alone modes; batteries with digital controls for stand-alone or dual-mode operations; power servers for multipacked installations; protocol converters for Internet access; packaging options; and miscellaneous parts, such as frames, exhaust ducting and installation hardware.
Capstone Turbine sells its products through distributors and dealers primarily to distributors, authorized service companies, original equipment manufacturers, and end users in North America, Asia, Europe and Russia.
In last Friday's daily chart, almost all technical indicators of CPST are pointing north. The RSI indicator, with a reading so far of 72 percent, is in the positive zone with no confirmation of an exhausted condition. MACD indicator reflects a strong bullish signal with the histogram reading above the 0 level at 0.039 and the 12-day and 26-day EMAs also above 0 at 0.226 and 0.187, respectively, indicating an increase in moving averages. Slow Stochastic indicator, with readings so far of 81.67 %K and 85.73 %D, reflects a bullish signal but almost confirming an overbought or exhausted condition upon the lines' fall below the 80 percent level. With share prices hitting the stock's 52-week high of $3.55 last Friday, a significant resistance level was established which, if broken, becomes the next support level or significant buying entry point for the stock.
52wk Range: 0.89 - 3.55
Volume: 11,012,070
Avg Vol (3m): 4,150,280
Technicals
Record Price High
Most Actives
Gap Up
Last Price Quote is:
18.46%above 13-day MA
40.83%above 50-day MA
RS Rating: 98
Fundamentals
Key Data:
Market Cap (M): $506.64
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/11/2008
Last Analyst Rating: Buy
Capstone Turbine to Announce Fourth Quarter & Fiscal Year 2008 Results on June 12, 2008
Business Wire(Tue 5:00am)
52wk Range: 0.89 - 4.04
Volume: 6,419,928
Avg Vol (3m): 4,744,000
Technicals
Percentage Gainer
Last Price Quote is:
9.89%above 13-day MA
33.06%above 50-day MA
RS Rating: 98
Fundamentals
Key Data:
Market Cap (M): $518.29
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/11/2008
Last Analyst Rating: Buy
Press Release Source: Capstone Turbine Corporation
Capstone Turbine Corporation Receives ISO 14001:2004 Certification
Wednesday May 28, 4:05 pm ET
CHATSWORTH, Calif.--(BUSINESS WIRE)--Capstone Turbine Corporation® (www.microturbine.com) (NASDAQ: CPST - News), the world's leading clean technology manufacturer of microturbine energy systems, today announced that its facilities in Van Nuys and Chatsworth, California, have received ISO 14001:2004 Certification under Capstone's 14001 Certification initiative.
The ISO 14001 Standard is an internationally accepted specification for environmental management systems created by the International Organization for Standardization to help organizations minimize harmful effects on the environment caused by their activities, and to achieve continual improvement of their environmental performance by complying with related laws, regulations and requirements.
As part of the efforts to achieve this well-recognized certification, Capstone Turbine Corporation has established its own Environmental Management System (EMS) to provide assurance to management that it is in control of the organizational processes and activities having an impact on the environment, and to assure employees that they are working for an environmentally responsible organization.
"Capstone not only produces environmentally friendly green and clean microturbine systems, but by adhering to strict ISO standards, we also manufacture our products in environmentally friendly surroundings," said Leigh Estus, Sr. Vice President of Operations. "In fact, Capstone's EMS helps monitor and improve upon a number of areas that touch on the environment such as chemical control, waste management, toner cartridge recycling and utilization of recyclable products on our manufacturing floors."
In October 2007, Capstone announced the launch of its 65 kilowatt microturbine that meets extremely low exhaust emissions requirements including California Air Resources Board's (CARB) stringent distributed generation emissions standard. "Our microturbines have become even 'greener' with the super low emissions products designed to meet the CARB 2007 standard," said Darren Jamison, President & CEO of Capstone Turbine Corporation. "In fact, our efficient CARB-certified combined heat and power systems provide the best value in terms of greenhouse gas and criteria pollutant emissions reductions per dollar of investment compared with solar and wind systems because we can reduce these emissions 24 hours a day. We are particularly pleased to be able to offer our customers these CARB 2007-certified turbines in addition to continuously improving our environmental performance in all our business activities. We are very happy to have received the ISO 14001:2004 certification and we will continue our operations in a manner to have the least impact on our environment and the least burden for future generations."
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com; NASDAQ:CPST) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 4,000 Capstone MicroTurbine® systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 and ISO 14001:2004 certified company; Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, Mexico City, Milan, Bath, Shanghai and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the environmental advantages and efficiency of our products and our operational performance. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Contact:
Capstone Turbine Corporation
Alice Barsoomian, 818-407-3628
--------------------------------------------------------------------------------
Source: Capstone Turbine Corporation
Take a look at this 3 year Weekly Chart
Very nice Cup formed and looking for the Handle... ;) ;D
You guys better check out what's up with this company,
technicals or no, this baby is going up....go look at the 5 year charts.
52wk Range: 0.91 - 4.04
Volume: 3,698,321
Avg Vol (3m): 4,794,000
Technicals
Last Price Quote is:
4.66%above 13-day MA
26.38%above 50-day MA
RS Rating: 98
Fundamentals
Earnings Expected on Jun 12
Key Data:
Market Cap (M): $547.41
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/12/2008
Last Analyst Rating: Buy
Below are the 3 year Weekly and a 3 year Daily Charts....... ;) ;D
AP
Capstone Turbine gets order for new microturbine
Monday June 2, 9:44 am ET
Capstone Turbine gets 1st order for new megawatt power systems, total order exceeds $2M
CHATSWORTH, Calif. (AP) -- Capstone Turbine Corp., which makes low-emission microturbine systems, said Monday it has received its first order for its C1000 MicroTurbine power systems.
The value of the order from Russian distributor Banking Production Center was more than $2 million.
Two of Capstone's new megawatt power systems will be installed in a new caviar farm in Russia. The order also included three of the company's other systems to be installed in the Ukraine and Belarus.
Capstone has said its new C1000 Series can be configured into 1,000 kilowatt, 800 kilowatt and 600 kilowatt solutions in a single 28-foot-long International Standards Organization container.
Capstone shares jumped 16 cents, or 4.3 percent, to $3.92 in morning trading. The stock has traded between 91 cents and $4.04 during the past 52 weeks.
Forbes:
Capstone Buoyed By Backlog
Ruthie Ackerman, 06.13.08, 5:40 PM ET
Capstone Turbine was hit by rising costs in the fourth quarter, but its substantial backlog infused investors with optimism about its future on Friday.
On Thursday after the closing bell, the producer of low-emission microturbine systems announced its fourth-quarter loss widened as soaring raw material costs bit into the bottom line.
Microturbine systems are generators that provide clean energy to residential and commercial buildings.
Investors were pleased. Capstone's shares shot up 7.6%, or 26 cents, to $3.67, in afternoon trading.
The company posted a net loss of $9.5 million, or 7 cents per share, compared with a loss of $8.5 million, or 6 cents per share, in the prior year.
Despite the widening loss, revenue for the quarter ended March 31 rose 60.0%, to $9.3 million. Capstone said it shipped 140 units in the fourth quarter, compared with 67 a year earlier.
Analysts polled by Thomson Financial had forecast a loss of 5 cents per share, on sales of $9.3 million.
The company said rising sales were offset by higher manufacturing and overhead costs.
The bright spot was Capstone's backlog for the fiscal year. The backlog skyrocketed 458.0%, to $27.9 million, higher than its revenue of $21.0 million for all of 2007.
Lazard Capital Markets analyst Sanjay Shrestha said Capstone's backlog doesn't fully reflect the total backlog. "The company posted stellar backlog of $27.9 million -- 428 units -- reflecting a 113.0% increase sequentially and 458.0% year-over-year," said Shrestha. "The reported backlog number does not include the services and components backlog, which adds about $10.0 million."
Shrestha raised Capstone's fiscal year 2009 revenue estimates to $58.0 million from $50.0 million, reflecting the current backlog trend.
She said that about $7.0 million of recently announced orders have not been reflected in the backlog. These orders include a $3.5 million contract with OfficePower, as well as additional orders from PowerGen of Milan and a $2.0 million order from a Russian distributor.
fyi:
CPST: Receives Orders Totaling $1.5M from PEMEX
Monday , June 16, 2008 08:26ET
By Fain Hughes,
[email protected]Capstone Turbine Corporation (CPST) has received orders for new microturbine systems for deployment on a Petroleos Mexicanos (PEMEX) offshore oil platform in the Gulf of Mexico and equipment upgrades to existing platform systems, spare parts and training.
Capstone received a microturbine order from GIMSA International, Inc. for approximately $400,000. The units will be installed on offshore platforms, producing crude oil and gas, which are operated by PEMEX.
The equipment upgrades, spare parts and training totaling approximately $1.1 million were from Integrated Trade Systems, Inc. (ITS), a U.S. corporation that is wholly owned by PEMEX and provides integrated international procurement services to PEMEX and its four subsidiary entities in Mexico.
are there any CPST analyst updates available?
awesome IR presentation:
http://library.corporate-ir.net/library/12/120/120708/items/297829/cpst_investor.pdf
awesome chart & slides:
Press Release Source: Capstone Turbine Corporation
Capstone Receives $1.5 Million in New Units, Equipment Upgrades, Spare Parts and Service Orders from Pemex
Monday June 16, 5:00 am ET
CHATSWORTH, Calif.--(BUSINESS WIRE)--Capstone Turbine Corporation (www.microturbine.com) (Nasdaq: CPST - News), the world's leading clean technology manufacturer of microturbine energy systems, today announced that it has received orders for new microturbine systems for deployment on a Petroleos Mexicanos (PEMEX) offshore oil platform in the Gulf of Mexico and equipment upgrades to existing platform systems, spare parts and training.
Capstone received a microturbine order from GIMSA International, Inc. for approximately $400,000. The units will be installed on offshore platforms, producing crude oil and gas, which are operated by PEMEX. The microturbine packages purchased by GIMSA will meet the special requirement for offshore applications. This includes corrosion protection with a 316 stainless steel enclosure, Class I Division 2/NFPA 496 certification for use in hazardous areas, and UL listing. Capstone Turbine produces the world's only microturbine solution that meets all of these stringent requirements.
The equipment upgrades, spare parts and training totaling approximately $1.1 million were from Integrated Trade Systems, Inc. (ITS), a U.S. corporation that is wholly owned by PEMEX and provides integrated international procurement services to PEMEX and its four subsidiary entities in Mexico. The spare parts orders were placed under a $6.8 million blanket purchase order with ITS that was received in April 2008 and expires in April 2011.
"In November 2006, Capstone signed a five-year service agreement with ITS," said Shelby Ahmann, Capstone's Sr. Vice President of Customer Service. "This agreement with ITS has helped PEMEX streamline the process of procuring parts, technical support and training to support their operating fleet," added Ahmann.
Commenting on the order from GIMSA International, Jim Crouse, Capstone's Executive Vice President of Sales & Marketing, said, "Capstone's microturbine systems offer a tremendous value proposition for offshore platforms with their small footprint, high reliability, light weight, low emissions and extended maintenance periods. Previous systems operating at PEMEX and other oil and gas companies in offshore and onshore applications are operating very well and customers have been very impressed with the performance of our technology."
"We continue to increase our market presence in the oil and gas sector with PEMEX becoming our third largest microturbine customer behind Petrobras in Brazil and Gazprom in Russia. We know that our products are a great fit in this market and we are very pleased to have received these important follow-on orders for PEMEX platforms," said Darren Jamison, Capstone's President and Chief Executive Officer. "In addition, we believe our new C200 and C1000 products will further strengthen our overall product offering in the oil and gas sector allowing us to penetrate the larger manned platforms and onshore pumping and compression stations," added Jamison.
The Capstone offshore package also includes an energy storage system to start the microturbine and provide momentary power during abrupt load changes. The result is highly regulated voltage and frequency regardless of load changes. These compact, self-sufficient systems are perfect for unmanned platforms and have onshore dispatch, monitoring and diagnostics capability.
Capstone has extensive operating experience in Alaska, The Mediterranean, The Adriatic, The North Sea, Southeast Asia, the South Atlantic and the Gulf of Mexico.
About Capstone Turbine
Capstone Turbine Corporation (www.microturbine.com; Nasdaq: CPST) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped thousands of Capstone MicroTurbine™ systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 and ISO 14001: 2004 certified company; Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New York, New Jersey, Mexico City, Milan, Bath, Shanghai and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the reliability, maintenance and environmental advantages of our products and new sales opportunities for Capstone, in particular, in the oil and gas sector. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Contact:
Capstone Turbine Corporation
Alice Barsoomian, 818-407-3628
--------------------------------------------------------------------------------
Source: Capstone Turbine Corporation
I listened to their conference call and was impressed with management. I believe they know how to make Capstone grow.... ;) ;D 8)
Capstone Buoyed By Backlog
substantial backlog infused investors with optimism about its future.
Investors were pleased. Capstone's shares shot up...
;D The bright spot...Capstone's backlog for the fiscal year. The backlog skyrocketed 458.0%, to $27.9 million, higher than its revenue of $21.0 million for all of 2007.
Lazard Capital Markets analyst Sanjay Shrestha said Capstone's backlog doesn't fully reflect the total backlog. "The company posted stellar backlog of $27.9 million -- 428 units -- reflecting a 113.0% increase sequentially and 458.0% year-over-year," said Shrestha. "The reported backlog number does not include the services and components backlog, which adds about $10.0 million."
Shrestha raised Capstone's fiscal year 2009 revenue estimates to $58.0 million from $50.0 million, reflecting the current backlog trend.
She said that about $7.0 million of recently announced orders have not been reflected in the backlog. These orders include a $3.5 million contract with OfficePower, as well as additional orders from PowerGen of Milan and a $2.0 million order from a Russian distributor.
52wk Range: 0.91 - 4.04
Volume: 11,671,244
Avg Vol (3m): 4,842,860
Technicals
Record Price High
Most Actives
Percentage Gainer
Last Price Quote is:
14.06%above 13-day MA
28.38%above 50-day MA
RS Rating: 97
Fundamentals
Key Data:
Market Cap (M): $560.96
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 08/06/2008
Last Analyst Rating: Buy
About to turn profitable...really profitable!
Company has a great idea, great products and is starting to get contracts. The balance sheet, Cash flow, and Income statement are definitely moving in the right direction. CPST's time to shine is just around the corner. Natural gas is THE energy source of the future. Oil should be just for salads and massages.
I'm holding for the long haul. I really like the technicals.
Price-volume is not showing any real weakening.
MACD is separating that's what I like to see.
Strong RSI...Strong!
Technicals
Last Price Quote is:
8.05%above 13-day MA
23.45%above 50-day MA
RS Rating: 97
Fundamentals
Key Data:
Market Cap (M): $560.96
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 08/06/2008
Last Analyst Rating: Buy
Quote from: setravis on May 31, 2008, 07:50:50 PM
Take a look at this 3 year Weekly Chart
Very nice Cup formed and looking for the Handle... ;) ;D
You guys better check out what's up with this company,
technicals or no, this baby is going up....go look at the 5 year charts.
A beautiful cup...
52wk Range: 0.91 - 4.42
Volume: 3,612,510
Avg Vol (3m): 5,263,410
Technicals
Last Price Quote is:
3.88%above 13-day MA
18.80%above 50-day MA
RS Rating: 97
Fundamentals
Coverage Initiated: Buy
Key Data:
Market Cap (M): $632.22
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 08/06/2008
Last Analyst Rating: Buy
Below are the 6 month...9 month...and 5 year charts.......
:o :o
Capstone Turbine Corporation Addresses Statements Made in Interview with Bloomberg Reporter
Thursday , July 24, 2008 19:52ET
CHATSWORTH, Calif., Jul 24, 2008 (BUSINESS WIRE) -- Capstone Turbine Corporation (www.microturbine.com) (NASDAQ:CPST), the world's leading clean technology manufacturer of microturbine energy systems, today addressed items contained in a Bloomberg news article resulting from an interview with Darren R. Jamison, the Company's President and Chief Executive Officer.
The Bloomberg article, published on July 21, 2008, quotes Mr. Jamison as saying that sales estimates in the mid-$50 million range for the fiscal year ending March 31, 2009 "are very obtainable and reasonable." The article also quotes Mr. Jamison as stating that the fiscal year ending March 31, 2012 "is a reasonable date" for the Company to achieve an annual profit. Mr. Jamison's comments were in response to questions about an analyst's specific financial model indicating a revenue target in the mid-$50 million range for the year ended March 31, 2009 and profitability in 2012. The comments were not intended to represent management's financial projections or outlook in general.
The Company does not publicly disclose its internal financial projections. As stated in its Annual Report on Form 10-K for the year ended March 31, 2008, the Company has established a goal to achieve cash flow positive when it ships approximately 250 units in a quarter, depending on the product mix. Although there can be no assurance, Capstone management believes that the Company will be profitable before 2012.
Let's see what it does next under these market conditions.......
CHATSWORTH, Calif., Aug 11, 2008 (BUSINESS WIRE) -- Capstone Turbine Corporation (www.microturbine.com;) (CPST, Trade), today reported operating results for its first quarter ended June 30, 2008 in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission.
Financial Summary
Capstone's backlog at the end of the first quarter was $42.7 million, an increase of approximately $14.8 million, or 53%, from the prior quarter and an increase of approximately $37.4 million, or 706%, from the end of the prior year comparable quarter.
"I am extremely pleased with the $20 million in new product orders received during the first quarter as it represents more than our entire product revenue in Fiscal 2007 and 92% of our product revenue in Fiscal 2008," stated Darren Jamison, Capstone's President and Chief Executive Officer. "Additionally, the current backlog at the end of the first quarter exceeds Fiscal 2008 total revenue by 32%," added Jamison.
Capstone's revenue for the first quarter ended June 30, 2008 was $7.5 million, an increase of approximately 34% from the same period last year. Capstone shipped 89 units in the first quarter of Fiscal 2009, compared to 77 units in the same period last year.
The reported gross loss for the first quarter was $1.1 million, or 15% of revenue, compared to $2.5 million, or 44% of revenue, from the same period last year. The decrease in the gross loss and corresponding improvement in the gross loss percentage reflects increased sales of both C30 and C60 Series units along with reduced warranty expense and higher absorption of overhead costs into ending inventory, offset by increased manufacturing expenses.
Research and development costs were $2.0 million for the first quarter, a decrease of $0.7 million, or 26%, from the same period last year. R&D expenses are reported net of benefits from cost-sharing programs. There were approximately $2.0 million of such benefits this quarter and no such benefits for the same period last year. The overall net decrease in R&D expenses resulted from additional funding from UTC Power Corporation for the cost-sharing program for our C200 commercialization, offset by increased spending for supplies, consulting and facility expense.
Selling, general and administrative costs were $6.9 million for the first quarter, an increase of $1.0 million, or 17%, from the same period last year. The net increase in SG&A expenses was comprised of an increase in non-cash stock compensation and travel, labor, marketing and facility expense, offset by decreased professional services and consulting expenses. The increase in travel and marketing costs reflected the continued effort in developing worldwide distributors and launching the C200 and C1000 Series products.
Capstone's net loss was $9.8 million, or $0.07 per share, for the first quarter, a decrease of $0.6 million from the $10.4 million loss, or $0.07 per share, reported for the same period last year.
Cash balances decreased by $9.9 million during the first quarter of Fiscal 2009. As of June 30, 2008, cash and cash equivalents were $32.7 million.
Conference Call
The Company will host a conference call today, Monday, August 11, at 1:45 p.m. Pacific Time. Access to the live broadcast and a replay of the webcast will be available for 90 days through the Investor Relations page on the Company's website: www.microturbine.com.
About Capstone Turbine
Capstone Turbine Corporation (CPST, Trade) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 4,000 Capstone MicroTurbine(R) systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 and ISO 14001:2004 certified company; Capstone Turbine is headquartered in the Los Angeles area with sales and/or service centers in New Jersey, New York, Mexico City, Milan, Bath, Shanghai and Tokyo.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
Looks like a buy...MACD guiding the way again.
Earning will prove that this company has something to offer, in addition to their contracts in N.Y.
Recent CandleStick Analysis
Very Bullish
Aug-12-2008 Bullish Engulfing
52wk Range: 0.91 - 4.42
Volume: 7,057,431
Avg Vol (3m): 5,750,600
Technicals
Percentage Gainer
Last Price Quote is:
-3.75%below 13-day MA
-15.10%below 50-day MA
RS Rating: 37
Fundamentals
Key Data:
Market Cap (M): $403.14
P/E Ratio: NA
PEG Ratio: -0.385
Next Earnings: 11/06/2008
Last Analyst Rating: Outperform
Press Release Source: Capstone Turbine Corporation
Capstone Signs First C1000 Factory Protection Plan Pushing Long Term Service Backlog Over $11 Million
On Tuesday June 9, 2009, 4:10 pm EDT
CHATSWORTH, Calif., June 9, 2009 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (http://www.capstoneturbine.com/; Nasdaq:CPST - News), the world's leading clean technology manufacturer of microturbine energy systems, today announced that it has signed a contract for its first C1000 long term Factory Protection Plan (FPP) for three C1000 systems recently shipped to Aquatec-Maxcon Pty Ltd, its distributor for the Australian market. The three unit order will soon be installed at a major coal seam gas producer in a reverse osmosis water system application.
This C1000 FPP contract is valued in excess of $2 million dollars over a 10 year period. This latest contract pushed the total FPP backlog over $11 million dollars as of May 31, 2009. Capstone launched the FPP program approximately two years ago to improve the reliability and service of its microturbine solutions. Typical FPP service contracts vary in length from a minimum of one year to a maximum of 11 years with most FPP contracts covering between five and nine years. Customer payments are generally received quarterly in advance over the term of the FPP.
"This latest contract puts the total number of C30, C65, C200 and C1000 Series microturbines under FPP contracts in excess of 400 units as of May 31, 2009," said Shelby Ahmann, Capstone's Senior Vice President of Customer Service. "Capstone's goal is to get as many new C200 and C1000 Series products as possible into the Factory Protection Program to guarantee product performance and system reliability," added Ahmann.
"This first C1000 FPP contract is the kilowatt equivalent of putting 100 C30's under an FPP contract, and I am pleased with the customer response to our new C200 and C1000 Series products as we look to have as many units under FPP as possible," stated Capstone's President and Chief Executive Officer, Darren Jamison. "The benefit of Capstone's FPP program is that customers can plan for product life cycle costs and obtain optimum product performance from scheduled maintenance performed by trained technicians," added Jamison.
The C1000 is a robust one megawatt power system, containing five Capstone C200 microturbine engines. It is configured in a single compact ISO size container and provides the same low emissions, low noise and extended maintenance benefits of Capstone's C30 and C65 Series products.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST - News) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 4,000 Capstone MicroTurbine(r) systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 and ISO 14001:2004 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York metro area, Mexico City, Nottingham, Shanghai, Singapore and Tokyo.
The Capstone Turbine Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about our Factory Protections Plan and the advantages of our products. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
Contact:
Capstone Turbine Corp.
Investor and investment media inquiries:
818-407-3628
[email protected]
Press Release Source: Capstone Turbine Corporation
Photo Release -- Capstone C30 Successfully Integrated Into Ford Vehicle by Langford Performance Engineering Ltd.
On Thursday June 11, 2009, 8:00 am EDT
CHATSWORTH, Calif., June 11, 2009 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (http://www.capstoneturbine.com/; Nasdaq:CPST - News), the world's leading clean technology manufacturer of microturbine energy systems, today announced that its C30 liquid fueled microturbine has been successfully integrated into a Ford S-Max people carrier in the United Kingdom.
A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6263
To see a promotional video of the "Whisper" please click on the following link: http://www.capstoneturbine.com/whisper_promo.wmv
Langford Performance Engineering (www.lpengines.com), headquartered in Wellingborough England, designed and modified the Ford S-Max seven seat crossover vehicle into a series hybrid plug in vehicle with a C30 under the hood as an electric range extender. Langford reports that the "Whisper Eco-Logic" car gets up to 80 mpg in early stage demonstration testing.
"The Ford modified by Langford is an extremely practical solution and one that Langford has been working on for over two years," said Jim Crouse, Capstone's Executive Vice President, Sales and Marketing. "The design characteristics of Capstone's turbine permits ultra low emissions, high fuel economy, multi fuel capability, no coolants or lubricating oil, and little to no maintenance in an automotive application," added Crouse.
"Our Whisper Eco-Logic vehicle is a plug in electric car with an on board turbine generator to keep the batteries charged and extend the range of the car beyond that of a typical electric vehicle," said Dick Langford, Langford's Founder and Managing Director. "This sets it apart from the hybrids now available such as the Lexus and Toyota which use conventional 4 stroke engines to provide both vehicle drive and battery charging. In early demonstration testing the car is getting up to 80 miles per gallon and travels 40 miles on electric power before the Capstone turbine generator starts up and charges the lithium ion batteries," added Langford.
"Capstone was founded on the concept of a C30 powering hybrid vehicles so it is extremely gratifying to see the Langford Ford with a C30 under the hood," stated Darren Jamison, Capstone's President and Chief Executive Officer. "Langford did an exceptional job integrating the turbine, power electronics and batteries into the vehicle without impacting any of the seven seats or increasing the overall vehicle weight," added Jamison.
Langford Engineering will be marketing and demonstrating the plug in hybrid vehicle in hopes of further developing this concept with a suitable automotive partner who could commercialize the product for U.S. use and capitalize on a portion of the Obama administration's $2.4 billion outlined in the stimulus fund to get more electric vehicles on U.S. roads.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST - News) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 4,000 Capstone MicroTurbine® systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 and ISO 14001:2004 certified company; Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York metro area, Mexico City, Nottingham, Shanghai, Singapore and Tokyo.
The Capstone Turbine Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the economic and environmental advantages of Capstone Turbine's products. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.
Contact:
Capstone Turbine Corp.
Investor and investment media inquiries:
818-407-3628
[email protected]
Possible Head and Shoulders Bottom (reversal)Pattern...
Collection of CPST videos on YOUTUBE
http://www.youtube.com/Microturbine
52wk Range: 0.39 - 4.42
Volume: 61,227,633
Avg Vol (3m): 1,520,180
Technicals
Close Above the 50-day MA
Most Actives
Percentage Gainer
Last Price Quote is:
88.91%above 13-day MA
84.80%above 50-day MA
RS Rating: 93
Fundamentals
Earnings Expected on Jun 15
Key Data:
Market Cap (M): $121.78
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/15/2009
Last Analyst Rating: Hold
updated chart look...
Capstone Receives Order for Three C800 Microturbines for Brazilian Wastewater Treatment Plant
CHATSWORTH, Calif., Aug. 24, 2009 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com; Nasdaq:CPST - News), the world's leading clean technology manufacturer of microturbine energy systems, today announced it received an order for three C800 microturbine systems for a large wastewater treatment plant in Brazil.
The total order value is in excess of two million dollars and is the first sale of Capstone C800 microturbines in South America.
Fluxo Servicios de Petroleo, Capstone's distributor in Brazil, ordered the three C800 microturbines for a wastewater treatment plant that serves two cities and millions of residents. The microturbines will run on methane created during the treatment process.
The plant, which treats 4,500 liters of sewage per second, will use the ultra low-emission microturbines in a combined heat and power (CHP) application. In addition to producing 2.4 megawatts of electricity to power the plant's equipment and buildings, the excess heat produced by the methane fueled microturbines will help maintain the proper temperature in the plant's onsite digester used to breakdown sewage.
"Clean-burning, low-emission microturbines are well suited to use biogas as a fuel," said Darren Jamison, Capstone President and Chief Executive Officer. "Many wastewater treatment plants, landfills and agricultural operations flare waste methane gas into the atmosphere, which increases greenhouse gas emissions and global warming. Capstone microturbines are an ideal solution because they use the biogas to produce reliable, clean renewable energy onsite."
"Wastewater treatment in Brazil is a key issue in the country's efforts to continuously improve water quality," said Hideo Hama, President of Fluxo Servicios de Petroleo, Capstone's Brazilian distributor. "In addition, Brazil is working to diversify its energy supplies beyond hydroelectric and increase electrical efficiency. That's where renewable energy sources such as biogas fueled Capstone microturbines can play a key role in helping meet these renewable energy needs."
The new C800 product provides the same ultra low-emissions and low maintenance benefits as other Capstone products. It features Capstone's patented air bearing, remote monitoring and diagnostic capabilities, and integrated utility synchronization and protection. The small, modular systems allow for easy and low cost installation. Five and nine year Factory Protection Plans ("FPP") also are available, providing customers with fixed maintenance costs over the term of the FPP.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST - News) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 4,000 Capstone MicroTurbine(r) systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2000 and ISO 14001:2004 certified company; Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York metro area, Mexico City, Nottingham, Shanghai, Singapore and Tokyo.
The Capstone Turbine Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of Capstone's products and use of our products in biogas markets. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
Contact:
Capstone Turbine CorporationInvestor and investment media inquiries:
[email protected]
Will 2010 Be Capstone's Turnaround Year?
Less than nine years ago, shares of Capstone Turbine (Nasdaq: CPST) crested at almost $100 on hopes that the California-based microturbine maker would revolutionize ultra-low-emission, ultra-low-maintenance power generation technology. When things didn't quite work out that way, shares plummeted. Since those heady days, the stock has dropped a staggering 99%. But a turnaround could be in the making.
In its most recent quarter, Capstone's sales grew by 83% to $13.7 million, due largely to higher prices for its products, while total operating expenses fell significantly due to reductions in research and development and general overhead. Until taking a hit for changes in the fair value of its warrant liability, Capstone had everything in place for a good quarter. However, after the $5.2 million charge, net losses landed at $15.3 million, or $0.08 per share, missing analysts' estimates by $0.03 per share.
Turnaround time?
Despite the charge, it was an eventful quarter for Capstone, and it marks the start of what could be a historic year for the clean energy corporation that has never earned a profit since it became a publicly listed company. CEO Darren Jamison declared: "I believe fiscal 2009 was best described as Capstone's year of growth, while I believe fiscal 2010 will best be described as Capstone's year of cost reduction, working capital improvement, and positive cash flow."
These words are nothing trivial to anyone familiar with the Capstone story, especially in a calendar year its strategic partnership with United Technologies (NYSE: UTX) ended. United Technologies wasn't just one of its biggest customers -- its UTC Power subsidiary also provided Capstone with R&D funding benefits through its cost-sharing program.
Politics or profit
Jamison's words might be rhetoric aimed at rekindling downtrodden investors' hope in the company's future, but I believe they hold merit. Capstone's overall backlog has only decreased by 6% in the past three months to about 67.4 megawatts, which means that while the weak economy is dragging down spending across the board, Capstone's products continue to get support from its customers.
Meanwhile, over the next three quarters, management is confident in its plans to increase its average selling prices, as its price hike of 14% on its C1000 model fully takes effect. Furthermore, the company will take action to achieve 30% cost reduction. All of this is obviously very exciting news for Capstone.
And like other alternative energy investments like First Solar (Nasdaq: FSLR) or Energy Conversion Devices (Nasdaq: ENER), Capstone stands for something in which you can believe: a cleaner tomorrow. So if you're in the market for a speculative stock that's overdue for a turnaround, consider Capstone Turbine.
Nice chart developing ... now over $1
52wk Range: 0.39 - 2.79
Volume: 5,684,363
Avg Vol (3m): 5,015,130
Technicals
Most Actives
Percentage Gainer
Last Price Quote is:
18.13%above 13-day MA
29.57%above 50-day MA
RS Rating: 94
Fundamentals
Key Data:
Market Cap (M): $192.46
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 11/09/2009
Last Analyst Rating: Hold
updated chart look...
Here is a 1 year chart.
Micro-Turbine Revolution Evolution Time is here.
I think it's time to get in again.
If this thing ever gets into commercial vehicles...to the moon.
52wk Range: 0.47 - 1.57
Volume: 2,971,742
Avg Vol (3m): 2,396,130
Technicals
Last Price Quote is:
4.58%above 13-day MA
3.23%above 50-day MA
RS Rating: 21
Fundamentals
Key Data:
Market Cap (M): $235.99
P/E Ratio: NA
PEG Ratio: N/A
Next Earnings: 06/14/2010
Last Analyst Rating: Outperform
Is Capstone Turbine the Perfect Stock?
Everyone would love to find the perfect stock. But will you ever really find a stock that gives you everything you could possibly want?
One thing's for sure: If you don't look, you'll never find truly great investments. So let's first take a look at what you'd want to see from a perfect stock, and then decide if Capstone Turbine (Nasdaq: CPST) fits the bill.
The quest for perfection
When you're looking for great stocks, you have to do your due diligence. It's not enough to rely on a single measure, because a stock that looks great based on one factor may turn out to be horrible in other ways. The best stocks, however, excel in many different areas, which all come together to make up a very attractive picture.
Some of the most basic yet important things to look for in a stock are:
•Growth. Expanding businesses show healthy revenue growth. While past growth is no guarantee that revenue will keep rising, it's certainly a better sign than a stagnant top line.
•Margins. Higher sales don't mean anything if a company can't turn them into profits. Strong margins ensure a company is able to turn revenue into profit.
•Balance sheet. Debt-laden companies have banks and bondholders competing with shareholders for management's attention. Companies with strong balance sheets don't have to worry about the distraction of debt.
•Money-making opportunities. Companies need to be able to turn their resources into profitable business opportunities. Return on equity helps measure how well a company is finding those opportunities.
•Valuation. You can't afford to pay too much for even the best companies. Earnings multiples are simple, but using normalized figures gives you a sense of how valuation fits into a longer-term context.
•Dividends. Investors are demanding tangible proof of profits, and there's nothing more tangible than getting a check every three months. Companies with solid dividends and strong commitments to increasing payouts treat shareholders well.
With those factors in mind, let's take a closer look at Capstone.
(http://www.3stocksonfire.org/trading/index.php?action=dlattach;attach=49771)
Capstone weighs in with a score of 4. That's not perfect, and Capstone shareholders have been waiting a long time for the company's potential to translate into higher stock prices.
Capstone makes low-emission microturbines, which have long been seen as a potential game-changer in alternative energy. At various times in its history, its working relationship with United Technologies (NYSE: UTX) and an experiment with its products at Wal-Mart (NYSE: WMT) store locations seemed to hold promise for Capstone's eventual success.
But the company has had financial issues for years. Bad margins and high cash-burn rates have plagued Capstone throughout its history. Most importantly, the company has never turned a profit.
Recently, the stock popped off its lows on news that General Electric (NYSE: GE) had acquired some assets and intellectual property related to waste-heat recovery from Calnetix, but the only change for Capstone is that GE will be their new supplier. Even with a big rise in recent months, the stock still trades under $1.
Capstone has never recovered from the huge shellacking its stock took during the tech bust. Despite its interesting technology, the company needs to achieve something significant to start generating revenue, cash flow, and net profit before it has any chance of becoming a perfect stock.
Keep searching
No stock is a sure thing, but some stocks are a lot closer to perfect than others. By looking for the perfect stock, you'll go a long way toward improving your investing prowess and learning how to separate out the best investments from the rest.
Capstone Turbine Corporation Receives Order for C600 and C1000 From Wastewater Treatment Plant in York, Pennsylvania
Press Release Source: Capstone Turbine Corporation On Thursday December 16, 2010, 8:30 am EST
CHATSWORTH, Calif., Dec. 16, 2010 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST - News), the world's leading clean technology manufacturer of microturbine energy systems, received an order for a C600 and C1000 that will be installed at the City of York Wastewater Treatment Plant in York, Pennsylvania.
The York City Sewer Authority and its partner municipalities will hold a groundbreaking ceremony today for the plant's new combined heat and power (CHP) system, which will be fully operational summer 2011.
As part of the CHP system, the methane-fueled C600 simultaneously will supply 600 kilowatts of electricity for the facility and create hot water to heat the building and the site's two 98-degree Fahrenheit anaerobic digesters used in the waste-treatment process.
The plant, which serves more than 170,000 residents in eight municipalities, will use the C1000 to generate more power when the plant's demand for electricity rises, and for peak shaving several hours each day.
"Peak shaving allows a facility to lower electricity costs by producing power onsite when utility rates rise," said Jeff Beiter, Managing Partner at E-Finity Distributed Generation, the exclusive Capstone Mid-Atlantic Distributor that secured the order.
York officials expect the new cogeneration facility will generate more than 2.5 million kilowatts of electricity, reduce energy costs approximately $278,000 per year and lower carbon dioxide emissions by more than 1.5 million pounds annually. The clean-and-green Capstone turbines replaced old, high-emission reciprocating engines that had operated since 1988.
For years, the wastewater treatment plant flared waste methane gas produced during the treatment process. Unfortunately, methane has a greenhouse-gas impact on the atmosphere 21 times that of carbon dioxide.
"City of York officials understand the benefits of low-emission microturbine technology, especially when used in a combined heat and power or peak shaving application," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing. "For the CHP system, they'll likely experience energy efficiencies that exceed 80 percent, which means significantly reduced energy costs. The highly reliable C1000 they'll use for demand response and peak shaving will provide even lower energy costs while ensuring round-the-clock power availability onsite."
"The Authority was looking for a partner in this process, a partner whose products and reputation would stand alongside the Authority in bringing this state-of-the-art project on line," said JT Hand, Chief Operating Officer, York City Sewer Authority. "I believe we've found that partner in Capstone and I'm confident that this unique configuration of the C600 and C1000 microturbines will set the production standard for wastewater treatment plant co-generation."
Capstone's C600 and C1000 Power Packages are robust 600 kilowatt and one megawatt power systems configured in compact ISO size containers that provide the same low emissions, low noise, high efficiency and extended maintenance benefits of Capstone's C30, C65 and C200 offerings. They feature Capstone's patented air bearing, remote monitoring and diagnostic capabilities, and integrated utility synchronization and protection. The small, modular C600 and C1000 systems allow for easy and low-cost installation. Five- and nine-year Factory Protection Plans ("FPP") also are available, providing customers with fixed maintenance costs over the term of the FPP.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST - News) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 5,000 Capstone MicroTurbine(R) systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2008 and ISO 14001:2004 certified company; Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York Metro Area, Mexico City, Nottingham, Shanghai and Singapore.
The Capstone Turbine Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the fuel efficiency, reliability and environmental advantages of our products. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
Contact:
Capstone Turbine CorporationInvestor and investment media inquiries:
[email protected]
U.S. Secretary of Commerce Names Capstone Turbine Corporation's...
by GlobeNewswire Dec 9 2010 8:30AM
CHATSWORTH, Calif., Dec 9, 2010 (GlobeNewswire via COMTEX) -- Capstone Turbine Corporation ( www.capstoneturbine.com ) (CPST, Trade ), the world's leading clean technology manufacturer of microturbine energy systems, announced that U.S. Secretary of Commerce Gary Locke recently named Capstone Executive Vice President Jim Crouse to a national advisory committee that will promote U.S. exports of renewable energy and energy efficient technologies.
The 29-member Renewable Energy and Energy Efficiency Advisory Committee will advise Locke on the development and implementation of programs and policies to help expand the competitiveness of the U.S. renewable energy and energy efficiency industries. Crouse and other committee members also will develop strategies to identify and expand export markets for the industries, both in the short- and long-term.
"We will work closely with the committee to help achieve President Obama's goal of making the United States a leader in the global green economy," Locke said in a press release. "U.S. companies in these critical sectors need to take full advantage of increased exporting opportunities and thus will create green jobs for Americans that are needed to sustain our economic growth."
Secretary Locke has recognized Capstone Turbine in the past. In June, Capstone representatives joined Secretary Locke at a signing ceremony that was part of the first U.S. International Trade Mission to China under the Obama Administration. The event in Beijing recognized the distribution agreement between Capstone and Sino Clean Energy and acknowledged the companies' efforts to broaden China's use of clean-and-green microturbine technology developed in the United States.
In addition, Capstone's innovative U.S.-based technology and successful exporting record led Secretary Locke to award the company the Presidential E Award for Exporting in 2009.
"Jim's years of experience in the worldwide energy marketplace, and deep knowledge about decentralized energy systems will play a crucial role in advising Secretary Locke on these critical programs," said Darren Jamison, Capstone's President and Chief Executive Officer.
Jamison noted last June during the announcement of the Beijing signing ceremony that, "Sales of our low emission microturbines overseas rose significantly the last three years. The Commerce Department opens doors for us, provides advice and exceptional service, and assists with market assessments domestically and in Asia and Europe. With their help, we've been able to broaden our network of Capstone distributors worldwide, which has led to increased sales."
Capstone products offer a clean-and-green energy solution that ensures a reliable and uninterrupted power supply, low maintenance and controlled energy costs. Energy efficiencies can approach 90 percent, especially in combined heat and power (CHP) or combined cooling, heating and power (CCHP) applications. In CCHP applications, for example, the Capstone microturbines produce reliable electricity. At the same time, waste heat energy is captured and recycled to heat and air condition a facility via absorption cooling, thus greatly increasing system efficiencies.
Day's Range: 0.90 - 0.97
52wk Range: 0.62 - 1.45
Volume: 3,434,601
Avg Vol (3m): 1,612,920
Market Cap: 239.27M
P/E (ttm): N/A
EPS (ttm): -0.10
Div & Yield: N/A (N/A)
Technicals
Percentage Gainer
Last Price Quote is:
11.86%above 13-day EMA
19.84%above 50-day EMA
RS Rating: 89
Trend and timing look right...
Orders are picking up nicely too.
Also the Golden Cross has taken place!
Investors have appreciated Capstone Turbine's improving operations, particularly after the 22% increase in revenues it reported last quarter that hinted at growing future business prospects with a 41% jump in backlog. The maker of on-site microturbines that run off various fuel sources might even be able to see the results of that effort when it reports third quarter earnings on Monday.
While there will be a growing market for such mini-turbines, Capstone is looking to create a holistic business model and a recent agreement with a luxury hotel in the Dominican Republic builds on what it started last summer. Back then it entered into a partnership with CalMotors to redesign Parker Hannifin's industrial motor drive products for cars and trucks. Its newest agreement provides total plant operations over a nine-year period, valued at $1 million. It's a new opportunity to have a recurring stream of revenue.
So here is the real growth story behind this company in my opinion; Capstone has been receiving orders from large oil and gas companies in the shale plays (which is going to be HUGE in the coming years). If they can keep this going, I see a bright future for this company.
This Underdog is No Dog....... ;) :D ;D
Capstone Turbine Corporation Earnings Conference Call (Q3 2011)
Scheduled to start Mon, Feb 7, 2011, 4:45 pm Eastern
http://biz.yahoo.com/cc/3/120073.html
Volume speaks... ;)
CPST Overall Average: 100% - Buy
Price Support PivotPoint Resistance
1.31 -- 1.25 --- 1.31 ---- 1.37
High Growth Stock Approaching an Inflection Point...
high growth stocks, as defined by projected EPS growth.
This stock, approaching an inflection point, based on moving average trends.
Define this inflection point as the convergence between the 50-day and 200-day moving averages.
When these two moving averages cross, it often represents a shift in investor sentiment. If the 50-day MA moves above the 200-day MA (bullish), it's called a "Golden Cross" signal. If, on the other hand, the 50-day MA crosses below the 200-day MA (bearish), it's called the "Death Cross."
The goal here is to give technical momentum traders a starting point for their own analysis.
Capstone Turbine Corp. (CPST): Industrial Electrical Equipment Industry. Market cap of $305.87M. EPS growth projected over the next five years at 32.50%. SMA50 at $1.00 vs. SMA200 at $0.93 (price at $1.27). Short float at 10.66%, which implies a short ratio of 10.52 days.
Small-Cap Stock on Fire...
it had risen 55% over the past three months. Capstone makes microturbines that run off various fuel sources and allow customers to produce power and heat on-site, as opposed to relying solely on the electrical grid. Last quarter, its revenue rose 22% year over year, while its backlog increased 41%. Those gains and subsequent orders have led to the stock taking off these past three months. Capstone reports third-quarter earnings on Monday, and hopefully the company will continue its trend of posting improved results.
Quote from: setravis on February 07, 2011, 12:09:15 AM
Volume speaks... ;)
CPST Overall Average: 100% - Buy
Price Support PivotPoint Resistance
1.31 -- 1.25 --- 1.31 ---- 1.37
High Growth Stock Approaching an Inflection Point...
high growth stocks, as defined by projected EPS growth.
This stock, approaching an inflection point, based on moving average trends.
Define this inflection point as the convergence between the 50-day and 200-day moving averages.
When these two moving averages cross, it often represents a shift in investor sentiment. If the 50-day MA moves above the 200-day MA (bullish), it's called a "Golden Cross" signal. If, on the other hand, the 50-day MA crosses below the 200-day MA (bearish), it's called the "Death Cross."
The goal here is to give technical momentum traders a starting point for their own analysis.
Capstone Turbine Corp. (CPST): Industrial Electrical Equipment Industry. Market cap of $305.87M. EPS growth projected over the next five years at 32.50%. SMA50 at $1.00 vs. SMA200 at $0.93 (price at $1.27). Short float at 10.66%, which implies a short ratio of 10.52 days.
Small-Cap Stock on Fire...
it had risen 55% over the past three months. Capstone makes microturbines that run off various fuel sources and allow customers to produce power and heat on-site, as opposed to relying solely on the electrical grid. Last quarter, its revenue rose 22% year over year, while its backlog increased 41%. Those gains and subsequent orders have led to the stock taking off these past three months. Capstone reports third-quarter earnings on Monday, and hopefully the company will continue its trend of posting improved results.
Nice trend...
This is a big bagger waiting to happen.
Capstone is a sure 'Buy the dips' kind of play.
The company announced record revenue for the most recently completed quarter, and indicated that the backlog of orders was growing as well, boding well for continued sales increases and guarantees for future revenue streams.
According to Capstone's earnings released, "Revenue for the third quarter of Fiscal 2011 was $24.2 million, an increase of 51% from the third quarter of Fiscal 2010. Capstone shipped 171 units in the third quarter of Fiscal 2011, compared to 122 units in the same period last year."
Both are significant numbers for a company looking forward towards growth and profitability. The release then goes on to add that, "Capstone's backlog at the end of the third quarter was $84.7 million, up 8% from the same period last year."
That's an indication that Capstone's products are also growing in demand.
Day's Range: 1.49 - 1.66
52wk Range: 0.62 - 1.66
Volume: 8,125,741
Avg Vol (3m): 3,801,430
Market Cap: 408.33M
P/E (ttm): N/A
EPS (ttm): -0.09
Div & Yield: N/A (N/A)
Technicals
Record Price High
Most Actives
Percentage Gainer
Last Price Quote is:
13.47%above 13-day EMA
30.39%above 50-day EMA
RS Rating: 96
Capstone's Big Order Underlies Potential...
February was a pretty good month for Capstone Turbine (CPST).
The company announced record revenue for the most recently completed quarter, and indicated that the backlog of orders was growing as well, boding well for continued sales increases and guarantees for future revenue streams.
Then, just when it looked like Capstone would be heading right back down into the solid buy territory, a significant order for the company's C65 microturbine units came rolling in to thwart the price decline and return the CPST stock to the $1.50 mark.
What makes the 24-unit purchase even more significant is that this purchase was made in addition to an 18-unit order that took place last August by "one of the world's largest independent oil and natural gas companies," according to a Capstone release issued last week.
Re-orders as significant as this one provide confirmation and assurance that Capstone's products are embedding themselves into the market, an essential element for investors when judging the long term potential of the company.
The 24 microturbines are slated for the Eagle Ford shale play in South Texas, again according to the company press release.
This order also shows that Capstone's low-emission microturbine units are also appreciated by the oil and gas industry, even while green energy companies such as Capstone could be considered as in competition to big oil, as they tend to benefit when oil prices are on the rise and sources of alternative energy move more into the spotlight.
There's always the chance that CPST will retrace back into the lower $1 range, as this company will always be considered speculative while its losing money, but orders such as this one underlie Capstone's potential as a big player in the green energy sector for years to come.
Disclosure: I am long CPST.
Keep an Eye on Capstone Turbine Following Friday's Surge 03/04/11
The price and volume action of Capstone Turbine (CPST) shares on Friday make CPST a stock to watch as we open the new trading week.
A late day surge pushed CPST 10% higher on volume, more than double the normal average, leaving investors wondering what might be in store during the coming days that might justify such a rise.
Was it the political turmoil and instability in the Middle East that sparked the sudden interest in Capstone? Could be, since this 'green' stock and others like it tend to do very well during times of rising oil prices.
It could also be related to the large purchase order that the company announced a couple of weeks ago, just when the stock had started to slip after announcing record quarterly earnings.
It's also possible that some significant news slipped behind the scenes on Friday afternoon, because the late day action sure looks like somebody knew something that we didn't.
Perhaps it was just a case of a big player becoming interested in the long term potential and viability of the company, certainly a possibility given the growing popularity of Capstone's low-emission microturbine units.
The true cause of the spike may never reveal itself, but it makes the short term Capstone story that much more interesting to watch.
That said, with all the good news and even better price action of this stock (CPST traded for three quarters of a dollar just three months ago), it might also be worth keeping an eye on the increasing short interest.
Month-over-month, short interest in CPST grew by roughly six million shares from January to February. This could be an indication that the short sellers may be looking to take advantage of a pullback after Capstone's impressive three month run, although in a similar situation with SIRI shares late last year, short interest was also increasing when that stock hit the $1 mark, and that stock hasn't looked back since while approaching two dollars.
So the short interest could end up becoming a non-factor, as even the shorts can get it wrong sometimes.
Regardless, I wouldn't rule out another dip in the CPST share price back down towards a buck at some point in time, but the news has been encouraging for this company of late, and Friday's price action reminds us that there's always the potential for Capstone to release big news at any given time to propel the share price higher.
I'm always a fan of taking some money off the table during significant runups, and I'd say that the runup from sub-eighty cents in short time is pretty significant, but it's also worth recognizing the long term potential that Capstone holds - especially when oil prices could be on the brink of setting new records, and the world's attention will flock to the 'green' companies, such as Capstone.
Additionally, with the uncertainty and unpredictability surrounding the oil market right now, I wouldn't be surprised to see an Exxon (XOM) or a Chevron (CVX) come out of the woodwork and snatch up as many of the emerging 'green' companies that they can in order to stay ahead of the game.
After all, oil can only get so expensive before the average consumer simply cannot afford to buy in large quantities, and going green can keep 'big oil' ahead of the game - even without relying solely on the oil.
Capstone Turbine's Management Is Creating Value...
Warren Buffett's partner, Charlie Munger, once said, "I think I've been in the top 5% of my age cohort all my life in understanding the power of incentives, and all my life I've underestimated it. And never a year passes but I get some surprise that pushes my limit a little farther."
When corporate boards use bad incentives for management's pay, disaster often ensues. (Think Lehman Brothers.) Incentives based on singular metrics such as revenue growth, EBITDA, ROE, or earning per share are easily manipulated and gamed. Fortunately, there is a better way: EVA momentum.
Creator Bennett Stewart of EVA Dimensions, who also co-created EVA (economic value added), calls EVA momentum "the only percent metric where more is always better than less. It always increases when managers do things that make economic sense."
So what does this mean for investors? A positive EVA momentum reading means a company has created more value by increasing its EVA while a negative EVA momentum reading means EVA has decreased, signaling less value creation. EVA momentum is one of the few, if not the only, performance measures with such a clear dividing line between good and bad performance.
The best companies, then, create value in excess of their cost of capital, as reflected by positive EVA momentum. The higher the EVA momentum, the faster management is creating value.
Let's look at Capstone Turbine (Nasdaq: CPST) and two of its peers to see how effectively they create value. Here are the trailing four quarters' worth of EVA momentum figures for each company over the past three years, and rankings by percentile versus the Russell 3000 for the past 12 months' EVA momentum.
Related Companies 2008 2009 2010 Russell 3000 Percentile
CPST 10.2% 39.5% 45.5% 95
CMI 0.3% 2.4% 4.8% 76
BGG 0% 0.1% 1.7% 54
Source: EVA Dimensions LLC.
With an EVA momentum of 45.5%, Capstone Turbine's economic value added increased year over year, placing it in the 95th percentile of all companies in the Russell 3000. Both of the remaining companies had positive EVA momentum over the past 12 months.
Businesses with high EVA momentum are effectively creating value. It will be interesting to see how useful this extremely new metric proves for companies and investors. If it lives up to its promise, EVA momentum will be an essential tool in investors' arsenals.
Another tool for better investing
Most investors don't keep tabs on their companies' fundamental value. That's a mistake. If you take the time to read past the headlines and crack a filing now and then, you're in a much better position to spot potential trouble early. Better yet, you'll improve your odds of finding the underappreciated home run stocks that provide the market's best returns.
Capstone Turbine's Management Is Creating Value...
Day's Range: 1.54 - 1.74
52wk Range: 0.62 - 1.82
Volume: 7,270,790
Avg Vol (3m): 4,085,410
Market Cap: 418.17M
P/E (ttm): N/A
EPS (ttm): -0.09
Div & Yield: N/A (N/A)
Technicals
Most Actives
Percentage Gainer
Last Price Quote is:
6.24%above 13-day EMA
24.74%above 50-day EMA
RS Rating: 97
Capstone's Presidential Mention Puts It in the Big Leagues...
March 23, 2011
Capstone Turbine has received increased investors' attention of late. After a mention by the President of the United States during a recent speech in Brazil, it looks like the company may finally be ready to sit with the big players in the 'green energy' sector.
President Obama's mention of Capstone was brief, but he emphasized the strategy of his administration to shift to green energy while employing U.S. manpower to do so.
With Capstone's growing green brand and growing tally of orders and re-orders, it's no wonder that its being recognized by Washington as a potential mascot for America's business strategies of the future.
Aside from the mention by the President in Brazil, Capstone is going to continue to benefit from the shifting global economic and political climate. With bombs raining down on pro-Gadaffi forces in Libya and with unrest the word of the day throughout the Middle East, oil prices are going to be anything but stable for the foreseeable future.
Even while the general public views high oil prices solely as a nuisance, the high price of oil, combined with the growing trend against nuclear energy, only stands to boost Capstone's potential even more.
In the midst of the newfound political support, another multiple-turbine order was announced last week. Six C65s were sold to a "prominent natural gas producer" whose fleet of Capstone microturbines already numbers 49, with a combined one million hours of operation. These six are destined for Mexico's San Juan Basin.
It's always a good sign when the customers place re-orders.
The march to two dollars is in effect, and the perfect storm could be developing to take this company to the next level, and support from the President can only help.
There may be a lot more eyes on CPST now after the Presidential mention.
Disclosure: I am long CPST.
Day's Range: 1.91 - 2.02
52wk Range: 0.62 - 2.02
Volume: 3,732,619
Avg Vol (3m): 4,452,220
Market Cap: 494.43M
P/E (ttm): N/A
EPS (ttm): -0.09
Div & Yield: N/A (N/A)
Technicals
Record Price High
Most Actives
Percentage Gainer
Last Price Quote is:
15.69%above 13-day EMA
37.40%above 50-day EMA
RS Rating: 97
FuelCell Energy and Capstone Turbine Poised to Benefit From Surging Oil Prices
The Bedford Report Provides Analyst Research on FuelCell Energy & Capstone Turbine
Press Release Source: The Bedford Report On Monday March 21, 2011, 7:35 am EDT
NEW YORK, NY--(Marketwire - 03/21/11) - With sky-high oil prices beginning to slow down the economic recovery, investors are hopeful that the fuel cell sector will get a boost from a stronger push for alternative sources of energy. Fuel cells can be used for buses and recreational vehicles, heating and cooling systems and backup power for cell phone towers. On the downside, fuel cells have a reputation of being expensive, leading some competitors to argue that microturbines hold a brighter future. The Bedford Report examines the outlook for companies in the Industrial Electrical Equipment Industry and provides research reports on FuelCell Energy, Inc. (NASDAQ:FCEL - News) and Capstone Turbine, Inc. (NASDAQ:CPST - News). Access to the full company reports can be found at:
www.bedfordreport.com/2011-03-FCEL
www.bedfordreport.com/2011-03-CPST
Ford and Toyota have both stressed the importance of breaking the dependence on foreign oil and project that they could be mass producing the fuel cell cars by 2015. Executives at Toyota say the company aims to slash the cost of hydrogen fuel cell technology before it starts selling its fuel cell sedan. Shinzo Kobuki, senior managing director in charge of Toyota's battery technology says the goal is to bring the cost of the fuel stack and high-pressure hydrogen tank to one-twentieth of 2008 levels.
The Bedford Report releases regular market updates on the Industrial Electrical Equipment Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at www.bedfordreport.com and get exclusive access to our numerous analyst reports and industry newsletters.
Earlier this month shares of FuelCell Energy surged after the company said its fiscal first-quarter loss narrowed on strong product sales, resulting in better-than-expected revenue growth. The company makes fuel cells for electric power generation for commercial, industrial, municipal and utility customers and reported a loss of $11.7 million, or 10 cents a share, compared with a year-earlier loss of $15.4 million, or 18 cents a share.
Capstone Turbine Corporation makes and sells turbine generator sets and related parts for use in stationary distributed power generation applications. The company argues that fuel cells are expensive, and require significantly higher government incentive levels to stimulate customer investment than Capstone's so called "microturbines."
The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at http://www.bedfordreport.com/disclaimer
Contact:
Contact: The Bedford ReportEmail Contact
Nuclear Vulnerability Could Benefit Capstone Turbine...
Capstone Turbine's (CPST) increasing share price has held its own of late, even in light of global political instability, a natural disaster in the Far East and a downturn in the markets.
Although the short interest continues to increase in CPST, this 'green energy' company has always done well during times of rising or uncertain oil prices - we're there now - and it looks now Capstone is also on the map in Washington.
A press release issued on Wednesday announced that Capstone's Executive Vice President of Sales & Marketing would appear to testify before the Subcommittee on Commerce, Manufacturing and Trade in Washington, D.C. that day.
The event underlines the efforts of the Obama Administration to increase both American exports and green technology while decreasing the United States' demand on oil.
Capstone fits very nicely right into that picture, on all fronts, and as an exporter of a 'green' American product, even Washington may be taking notice.
Additionally, the catastrophic event in Japan has resulted in a global second-guessing of the benefits provided by nuclear energy when compared to the risks - and in turn, some nations have put on hold their plans to construct new nuclear facilities.
Often considered the preferable choice of clean energy, nuclear power could be on the way out after the earthquake in Japan has demonstrated just how vulnerable a reliance on that power can be.
That means, again, that attention is going to be drawn to other clean energy platforms, and that always benefits Capstone Turbine.
With the short interest where it is, and with market volatility sure to rule the day in this global climate of political unrest and natural disasters, there's a distinct possibility that we may see CPST reach 'buy the dips' territory at some point in the near future.
That being said, there's no doubt that CPST is still an appetizing mid to long term green play.
The orders are rolling in and the geopolitical trends in the United States are right, so it can only be a good thing when Capstone goes to Washington.
Capstone Turbine Corporation Testifies in Washington Today
Press Release Source: Capstone Turbine Corporation On Wednesday March 16, 2011, 8:30 am EDT
CHATSWORTH, Calif., March 16, 2011 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com ) (Nasdaq:CPST - News), the world's leading clean technology manufacturer of microturbine energy systems was selected to participate on a panel of witnesses to testify before the Subcommittee on Commerce, Manufacturing and Trade in Washington, D.C. today. The hearing is entitled "Made in America: Increasing Jobs through Exports and Trade." Capstone will be represented by Jim Crouse, Capstone's Executive Vice President of Sales and Marketing.
The purpose of the hearing is to examine the Obama Administration's efforts to promote trade and increase export opportunities and to get input from private enterprise about technical and other non-tariff trade barriers, according to a committee memo.
President Obama said in his state-of-the union address last year that his goal is to double exports over the next five years.
Crouse joins Robert Holleyman II, Business Software Alliance President and CEO; Daniel Ikenson, CATO Institute Associate Director for Trade Policy Studies; John Murphy, U.S. Chamber of Commerce Vice President of International Affairs; and Jack Pelton, Chief Executive Officer of Cessna Aircraft.
The Under Secretary of Commerce for International Trade Francisco Sanchez is also scheduled to testify.
"We believe that the key to increasing exports is by strengthening the domestic market for clean and efficient energy technologies. A strong domestic market would enable newer companies like Capstone to increase production capacity that would make us more competitive overseas," said Jim Crouse, Capstone's Executive Vice President of Sales and Marketing."
"Capstone Turbine sees value in adopting long-term energy policy in the United States as a means of not only protecting our environment, but also as a way to decrease reliance on foreign oil while creating American jobs. Simultaneously the Administration and Congress should finalize the pending Free Trade Agreements and initiate new FTAs with critical markets such as Brazil," added Crouse.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com ) (Nasdaq:CPST - News) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 5,000 Capstone MicroTurbine(R) systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2008 and ISO 14001:2004 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York Metro Area, Mexico City, Nottingham, Shanghai and Singapore.
The Capstone Turbine Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6212
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about lower operational cost, additional reliability, compliance with certain air quality regulations, increased demand for our products and opportunities in the oil and gas sector. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
"Capstone Turbine Corporation" and "Capstone MicroTurbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
Contact:
Capstone Turbine Corp.Investor and investment media inquiries:
[email protected]
Nice trend...
Technicals
Record Price High
Most Actives
Percentage Gainer
Last Price Quote is:
15.34%above 13-day EMA
36.98%above 50-day EMA
RS Rating: 97
Business Overview
BRIEF: For the nine months ended 31 December 2010, Capstone Turbine Corporation's revenues increased 31% to $59.1M. Net loss decreased 82% to $9.6M. Revenues reflect an increase in income from Europe market and higher revenue from North American market. Lower loss also reflects an increase in gross profit margins, a decrease in selling, general & administrative expenses and the presence of gain on change in fair value of warrant liability vs. a loss. http://www.capstoneturbine.com/
Why Capstone Turbine Corporation (CPST) Hit a Five-Year High Today (Update)
Update (4:15 p.m.): Updated with five-year high price and Wednesday market close information.
NEW YORK (TheStreet) -- Capstone Turbine Corporation (CPST_) hit a five-year high of $2.60 on Wednesday as the microturbine manufacturer continued to climb after its announcement earlier in the week that it had received several orders from oil and gas companies.
Capstone said it received orders from E-Finity Distributed Generation for turbines that the latter plans to use in oil and gas operations in the Marcellus and Utica Shale regions. Marcellus is the biggest source of natural gas in the U.S. at 104,000 square miles in Pennsylvania and West Virginia.
Capstone received the orders from E-Finity, a distributor of Capstone turbines, but the companies that actually placed the orders were not identified.
"The Capstone microturbine product has been the first choice for recent new and existing customers and is being selected due to its proven ability to provide reliable power for the natural gas and oil industry," said Jeff Beiter, an E-Finity managing partner, in a statement.
The stock closed at $2.45, up 3.81% or 9 cents from its previous close of $2.36. It amassed a volume of 24,083,822, more than triple its average of 7,010,580.
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TheStreet Ratings team rates CAPSTONE TURBINE CORP as a "sell" with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate CAPSTONE TURBINE CORP (CPST) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
◾The gross profit margin for CAPSTONE TURBINE CORP is rather low; currently it is at 21.30%. Regardless of CPST's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, CPST's net profit margin of -5.91% significantly underperformed when compared to the industry average.
◾The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Electrical Equipment industry and the overall market, CAPSTONE TURBINE CORP's return on equity significantly trails that of both the industry average and the S&P 500.
◾CAPSTONE TURBINE CORP reported flat earnings per share in the most recent quarter. Stable earnings per share over the past year indicate the company has sound management over its earnings and share float. However, the consensus estimates suggest that there will be an upward trend in the coming year. During the past fiscal year, CAPSTONE TURBINE CORP's EPS of -$0.07 remained unchanged from the prior years' EPS of -$0.07. This year, the market expects an improvement in earnings (-$0.05 versus -$0.07).
◾The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Electrical Equipment industry. The net income increased by 51.1% when compared to the same quarter one year prior, rising from -$4.48 million to -$2.19 million.
◾Compared to its closing price of one year ago, CPST's share price has jumped by 131.94%, exceeding the performance of the broader market during that same time frame. Regarding the future course of this stock, we feel that the risks involved in investing in CPST do not compensate for any future upside potential, despite the fact that it has seen nice gains over the past 12 months.
◾You can view the full analysis from the report here: CPST Ratings Report
Capstone isn't the only company set to profit from a booming energy market. These three stock have the potential to soar!
Capstone isn't the only company set to profit from a booming energy market. These three stock have the potential to soar!
3 Stocks to Get on Your Watch List
I follow quite a lot of companies, so the usefulness of a watch list for me cannot be overstated. Without my watch list, I'd be unable to keep up with my favorite sectors and see what's really moving the market. Even worse, I'd be lost when the time came to choose which stock I'm buying or shorting next.
Capstone Turbine (NASDAQ: CPST)
Speaking of companies with highly volatile hit-and-miss potential, microturbine developer Capstone Turbine has to come to mind.
Shares of Capstone have been extremely volatile lately as anything resembling an alternative energy system has shot through the roof, from fuel-cell systems and ethanol producers to turbine and microturbine developers.
For Capstone, sales growth has been no issue. A week ago today Capstone secured an order for 50 Captsone C65 microturbines for oil and gas shale companies around the country, raising the total number of microturbines in use via its distributor Horizon Power Systems to 550. This order came just one week after securing a 2.6 MW order for two of Capstone's natural gas-powered microturbines from Regatta Solutions to be used in select California hospitals.
For more evidence we can turn to Capstone's third-quarter highlights, released in February, where it delivered record product revenue of $29.9 million, boosted its backlog 7% to $160.4 million, and, more importantly, produced a six percentage point improvement in gross margin to 20%.
Of course, the one monkey on Capstone's back has been that it still hasn't reached breakeven EBITDA despite its rapid top-line growth and cost controls. However, I suspect that could change in either the fourth or first quarter. Although Capstone's profits won't be much to admire for the next year or two, as long as it can continue to push margins healthfully in the 20%-25% range there's a strong possibility that it could head much higher over the long run. Yet again, this isn't a company for the faint of heart -- but it has all the makings of a solid growth candidate.
Novavax (NASDAQ: NVAX)
The biotechnology sector offers a number of wildcard, predominantly clinical-stage stocks that have the potential to double -- or halve -- their value depending on the outcome of a single trial or two. One company that tends to fit the mold here is Novavax.
Novavax is a developer of vaccines designed to treat infectious diseases around the globe. The good news for shareholders is that Novavax is already generating revenue thanks to an influenza vaccine research contract through BARDA, as well as a handful of collaborative partnerships. Although Novavax could be giving up some of its earning potential by partnering up, it can also spread its costs and risks, allowing it more opportunities to find that elusive home run in the biotech sector.
Currently, the most exciting research ongoing for Novavax is a phase 2 study for respiratory syncytial virus, or RSV, a disease that infects a patient's lungs and breathing passages. Most people can recover from RSV infection, but it can be more serious for infants and the elderly. According to the Centers for Disease Control and Prevention, nearly all children will be infected with RSV by age two, hence the need for additional research.
However, investors may also want to consider that even though Novavax's pipeline is still young and predominantly unproven, the company is being valued at more than $1 billion in terms of overall value. It's quite possible that Novavax will continue to burn cash for the foreseeable future as it invests in new development programs and moves forward with its ongoing phase 1 and phase 2 studies. This doesn't necessarily mean the company won't succeed, but it does put downside pressure on a company that has historically produced losses and had a cumulative free-cash outflow of $279 million over the past decade.
It also wouldn't take much for Novavax to be knocked off its high horse if one of its primary studies in either RSV or influenza didn't meet its goals. I would personally guess that more than half of Novavax's current value is built into the success of its RSV and influenza platform, so a disappointment in either of these studies could seriously affect Novavax's share price.
One way or another, this has big-move potential, and risk-friendly investors should have this company on their watch lists.
White Mountains Insurance Group (NYSE: WTM)
The property and casualty reinsurance business is far from glamorous, but if a relatively conservative and nearly rock-steady investment exists within the sector, I would contend that White Mountains Insurance just might be it.
White Mountains is engaged in underwriting property and casualty insurance, as well as reinsuring products through the U.S. As you might imagine, this means that White Mountains can occasionally find itself at the mercy of Mother Nature. Events like Hurricane Sandy have a way of heavily impacting P&C insurers and reinsurers, and there's unfortunately very little these companies can do to predict when and where a natural disaster will strike.
However, one aspect that does work in favor of P&C insurers is that they possess the pricing power to boost premiums for existing customers on an as needed basis to ensure that they cover the catastrophe costs. The past year was incredibly kind to White Mountains, with very little in the way of catastrophe losses. Overall, this helped push the company's book value higher by 9.5% to $642 per share. With White Mountains operating out of four primary segments it noted significant strength from OneBeacon Insurance (NYSE: OB ) , whose book value grew 17.3% and whose combined ratio (a measure of margin for insurers) came in at a steady 92% compared to this quarter last year.
If I could nitpick one aspect of White Mountains' generally conservative approach to running a business, it's that its dividend is far too conservative. At just $1 annually, yielding less than 0.2%, dividend-seeking investors had best consider looking elsewhere.
That aside, White Mountains is currently valued at around 10% of its book value, which, historically, makes this a good time to buy. Don't expect miraculous growth with a diversified insurance company, but do expect to sleep well at night. I'd suggest giving White Mountains a closer inspection.
Add these companies to your personalized Watch List to keep up on the latest news with each company:
• Add Novavax to My Watch List.
• Add Capstone Turbine to My Watch List.
• Add White Mountains Insurance Group to My Watch List.