Capstone Turbine Announces Contract Renewals Totaling 4.4MW

Capstone Turbine Corporation (CPST) announced on July 11 that the company has secured nine separate Factory Protection Plan (FPP) aftermarket long-term service contract renewals from a major U.S. oil and gas producer. The contracts cover a total of 4.4 MWs. Capstone Turbine is the world’s leading clean technology manufacturer of microturbine energy systems.

 

Sonal detected the news event and issued an alert at 8:30 am. The next trade took place for $1.53 at 8:31 am. The market opened for regular market trading at $1.52 and closed flat on event day. Over the next five trading days, however, the stock experienced gains of 15%. Capstone Turbine closed at $1.75 on July 18.

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