Capstone Turbine Corporation

Capstone Turbine talks through 1Q earnings and reacts to London's power outage

Capstone Turbine Corporation (NASDAQ:CPST) CEO Darren Jamison tells Proactive the microturbine company booked new gross product orders of $17.4 million in the fiscal first quarter, compared with $16.3 million in the same period in the previous year.

On Friday, parts of the city of London were faced with a massive power outage, where Jamison says there are Capstone microturbines. He believes these outages will only increase, as most grids around the world are decades old, with an eventual rising requirement for more Capstone products.

Quick facts: Capstone Turbine Corporation

Price: $0.62

Market: NASDAQ
Market Cap: $45.55 m


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