Capstone Turbine (CPST) shares are down about 10% in after hours trading after announcing it intends to offer shares of common stock in an public offering. No word on how many shares the company will offer, but it’s expected to price before the bell tomorrow.
There is strong support in CPST at around 1.10 which happens to be the 200 day moving average. Should it close below 1.10, a move to the buck level becomes … Read the rest
Ascent Solar (ASTI) (down 15% premarket) and Advanced Battery (ABAT) (down 67% premarket) are raising some cash through stock offerings. ASTI announced it intends to commence an underwritten public offering of 4 million shares of its common stock with net proceeds being used for expansion of production capacity and general corporate purposes. The company also announced that its largest shareholder Norsk Hydro has committed to purchasing about $5 million of common stock in a private … Read the rest
EnerNOC (ENOC) is off after hours following the announcement that it has filed a preliminary prospectus with the SEC to offer up to 3,750,000 shares of common stocks with proceeds being used for biz expansion, strengthening its working capital position, future acquisitions and R&D. Considering the run the stock has had, the move isn’t much of a surprise. ENOC will offer 3 mill of shares and certain shareholders will offer the rest. … Read the rest