Capstone (CPST) Announces Mexico Distribution, Four C30 Orders For Offshore Oil Platforms

Posted by | # |
08:25:58 am on August 26, 2009

It was just a couple days ago that I posted about Capstone’s Brazilian order which technically set the stock up for a significant breakout move.  That breakout move is continuing this morning on news the company has named Industrias Energeticas as its newest distributor in Mexico along with a $500K order for four of its C30 C1D2 microturbine systems for offshore oil drilling platforms in the Gulf of Mexico.  The two companies have a long history together and Industrias has been a Capstone Authorized Service Contractor, so knows the product well. 

“Around-the-clock electricity is vital on offshore oil platforms,” said Jim Crouse, Capstone’s VP of sales and marketing. “Our microturbines’ 24/7 reliability, combined with low emissions and no need for oil, grease, lubricants or coolants, is a key reason why oil and gas companies worldwide turn to Capstone.”

Shares of CPST are currently trading up another 12% in premarket and clearing the June highs around 1.30.  A very bullish move indeed.

Tags: , , , ,
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.


just the start of a long term success story.

Leave a comment