CPST - Sector: Capital Goods --- Industry: Misc. Capital Goods

[la-onda]

David, please have a look!

http://www.3stocksonfire.org/trading/index.php?topic=686.msg110488#new

looks great imho

[la-onda]

consolidation and accumulation phase for the next phase
this one will be a winner 2008 imho
cheers
Oliver

[la-onda]

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.

[la-onda]

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.

[la-onda]

Break out 

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.

[Lucas Scott]

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 . Let's see $2 Capstone!

[la-onda]

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:

[la-onda]

a winner stock 2008 imho
update:
http://www.3stocksonfire.org/trading/index.php?topic=686.msg111114#new
chart:

[la-onda]

updated CPST presentation:
http://library.corporate-ir.net/library/12/120/120708/items/274628/Pritchard%20Presentation.pdf
chart:

[la-onda]

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.

[la-onda]

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.

[la-onda]

 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.....

[BigSully1]

update

[David Randolph]

David, 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



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 (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 Income

Again, in this MSN Money link, 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

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
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 Outlook

I 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.

There's little doubt that CPST's revenues will rise significantly going forward and analysts estimates reflect that. But, even with 50% plus revenue growth in fiscal 2008 and 2009, analysts still see losses.

4. Technology

I've been studying CPST's website and the presentation la-onda left us, 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. Conclusion

Even 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.

[la-onda]

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.