Capstone Demonstrates Growth Potential With Additional Large Orders

| About: Capstone Turbine (CPST)

It's been a volatile ride for Capstone Turbine (NASDAQ:CPST) since the Presidential mention a couple of weeks ago, but the new trading week opened with some more positive press on the orders and distribution front.

An early morning press release on Monday announced that a Capstone distributor, Pumps & Service, has secured an order for six more C1000s, an announcement that comes on the heels of some large orders and re-orders to open 2011.

According to the press release, this is the sixth major order from Pumps & Service for microturbines headed to large independent oil and gas companies operating domestically.

On the international front, Capstone announced that its largest international distributor, BPC in Russia, has placed an order for 11 C100s, also destined to support various oil and gas projects in that country.

Shares of CPST have been denied at the two dollar mark on numerous occasions since breaching that barrier earlier this year, but the continuous announcements of demand for microturbines still should have this company on the radar of those looking for a growing green energy play.

After a nice close to last week, and with positive news to open this week, keep an eye on Capstone Turbine. Right now it's all about growing sales and growing the backlog, both of which it looks like this company is doing very well.

Disclosure: I am long CPST.

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