3SOF

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

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

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 

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

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.