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Capstone (CPST) Announces Mexico Distribution, Four C30 Orders For Offshore Oil Platforms
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.
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Aug.26
just the start of a long term success story.