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Emerging Advanced Resources Could Rock The Canadian Cannabis Industry
Palm Beach FL – April 12, 2018 – The Canadian cannabis industry may have to triple its supplies to meet market demand. Health Canada is projecting that cannabis demand will soar to 1 million kilograms by the end of the year. That’s not the only good news cannabis investors have received as of late. Canada’s parliamentary budget officer estimated that the retail market for recreational pot will be worth up to $5.8 billion per year. Companies like Aurora Cannabis, Inc. (OTC:ACBFF) (TSX:ACB), AbbVie, Inc. (NYSE:ABBV), Cronos Group, Inc. (NASDAQ: CRON) (TSX-V: MJN), Cannabis Wheaton (OTC: CBWTF) (TSX-V: CBW) and RavenQuest Biomed Inc. (OTC:RVVQF) (CSE:RQB) are already expanding grow operations to take advantage of the projected shortage.
The issue is that increased demand means cannabis firms now need land, and lots of it. Canada’s Indigenous communities may hold the key, as it is believed approximately 20% of growing licenses in Canada will be allocated to First Nations land. But the real elephant in the room is this; federal and provincial governments have ruled that First Nations-owned and operated business on reserve land will not have to pay sales tax on cannabis products. All of this makes Canada’s First Nations community a wildcard that could have a potentially huge impact on the Canadian cannabis industry.
Also, a great advantage of RavenQuest:
Ravenquest Biomed Inc.’s success with Indigenous peoples is in large part due to the work of Bill Robinson, head of government & Indigenous relations for the firm. Mr. Robinson has 34 years’ experience in the Royal Canadian Mounted Police, where he developed ‘close and trusted working relationships’ with Indigenous communities. He also heads the Indigenous Peoples Cannabis Association (IPCA).
Thanks to Mr. Robinson’s rapport with such communities, RavenQuest recently signed a Memorandum of Understanding with the Fort McMurray First Nation to develop what will become a huge 250,000 square foot Indigenous-centered cannabis production facility on their lands.
In addition to delivering technical know-how, financing and resources, Ravenquest would receive 30% ownership in such a facility. In a statement, the company notes that they will have rights to a ‘perpetual stream’ of cannabis produced at the site.
Sometimes it’s who you know. JMO.
Since the creation of IPCA in late 2017, the association has already accumulated over 100 member nations.
Almost-exclusive access gives Ravenquest Biomed Inc. a head-start against competitors who also seek working partnerships with First Nations communities.
Newly Acquired Lands Paired with Disruptive Growing Tech
RavenQuest has another interesting competitive advantage. Coupled with the firm’s high potential for acquisition of land is their industry-disruptive growing technology.
RavenQuest Biomed Inc.’s ‘orbital gardens’ are capable of producing up to 1,500 grams per square foot. This is more than any other producer in the industry. A typical ‘flatbed’ growing environment will produce around 130 grams of cannabis by comparison.
RavenQuest Biomed Inc’s growing technology is up to 1,500% more productive than the closest competitors. When adding up production from existing and planned facilities together with projects under MOU, the firm is projecting to grow 50,000 kilograms a year.
First Nations Potential To Increase Cannabis Crops
Indigenous peoples are becoming central to the conversations around cannabis growth and distribution in Canada, following the country’s adoption of the United Nations Declarations on the Rights of Indigenous Peoples (UNDRIP) in 2016.
As a result, Canada now sees First Nations communities as key decision makers in high-level cannabis conversations. The country also recognizes their right to produce and distribute cannabis as a resource. As such, firms are already looking to make partnerships with Indigenous communities in order to share the benefits of reserve land for cannabis production.
Last year, RavenQuest BioMed Inc. (OTC:RVVQF) (CSE:RQB) leveraged its relationships with over 100 First Nations across Canada by creating the Indigenous Peoples Cannabis Association to facilitate production and sale of cannabis on sovereign land. It also reached an MOU to share a 250,000 Sq Ft production facility on First Nation land in Fort McMurray.
With the exemption of sales tax for indigenous cannabis production, RavenQuest Biomed Inc. could potentially benefit from more than just production on sovereign land. This could result in the company seeing the benefits of a shared financial advantage with their indigenous partners.
According to the federal Department of Finance, the sales tax cut represents a saving of $1.17 or 11.5% per gram of dried cannabis. When applied to a mass-production scale, this could mean dramatic pricing advantage for a cannabis company, which could greatly increase profits. In turn, share prices of companies that secure mutually beneficial partnerships could follow suit.
The cannabis sales tax exemption also gives Indigenous communities a decisive leg-up when it comes to the production and sale of the resource. As such, investors could potentially expect excitement when companies announce investments in First Nation developments— such as RavenQuest Biomed Inc.’s recent announcement of the upcoming Fort McMurray project in Alberta.
RavenQuest Plans Vast Cannabis Facility With Indigenous Partners
Ravenquest with its relationships with indigenous people and it tax benefits, coupled with its technology to produce 1500 grams of cannabis per sq ft gives it an extreme advantage not shared by any other producer.
"Soaring Market Demand
Wed Apr 4th, 2018
GlobeNewswire
8:30 AM
New MOU Underscores Benefits of RavenQuest BioMeds Four Pillar Approach -- CFN Media
Tue Apr 3rd, 2018
GlobeNewswire
4:00 AM
RavenQuest Signs MOU to Acquire Western AgriPharma Limited
Thu Mar 29th, 2018
GlobeNewswire
6:00 AM
Ravenquest Completes Final Tranche of Non-brokered Financing
Wed Mar 28th, 2018
MicroSmallCap
1:35 PM
RavenQuest Announces Dr. Simerjeet Kaur Will Lead Scientific Research & Development
MicroSmallCap
1:14 PM
RavenQuest Obtains OTCQB Listing Under Symbol "RVVQF"
Wed Mar 21st, 2018
GlobeNewswire
6:00 PM
RavenQuest Begins Trading on Frankfurt Exchange Under Symbol "1IT"
GlobeNewswire
6:00 AM
RavenQuest Obtains OTCQB Listing Under Symbol "RVVQF"
April 5, 2018 8:35 AM
Marijuana Producers Rush to Meet Soaring Market Demand
Palm Beach FL – 04/05/2018 – Health Canada is projecting that cannabis demand will reach one million kilograms per year by the end of 2018. Cannabis supply currently sits at an estimated 300,000 kilograms. This represents a projected 700,000 kilogram supply shortfall by the end of this year. Companies that could be counted on to cover the projected shortfall include Cronos Group Inc. (TSX-V: CRON) (NASDAQ: CRON), Aurora Cannabis (TSX: ACB) (OTC: ACBFF), OrganiGram Holdings Inc. (TSX-V: OGI) (OTC: OGRMF), Emblem Corp. (TSX-V: EMC) (OTC: EMMBF), and RavenQuest Biomed Inc. (CSE:RQB) (OTC:RVVQF).
The Globe and Mail reported that the legal cannabis industry has captivated investor interest in Canada, and that money has been pouring into cannabis stocks since last year. This interest is heating up as legalization approaches later this year, with some industry analysts predicting that store shelves could be emptied on the very same day that retail pot sales are legalized.
RavenQuest BioMed Inc. (CSE:RQB) (OTC:RVVQF) is one company that is gaining momentum to provide the cannabis required to meet the projected supply shortfall.
Adding to a recent flurry of acquisitions, RavenQuest BioMed Inc. just announced an MOU with intent to acquire 100% of Western AgriPharma Limited, a late-stage applicant with Health Canada in the development of a 125,000-square-foot cannabis growing facility on B.C.’s Sunshine Coast.
This would nearly double RavenQuest BioMed Inc.’s potential cannabis growing capacity, as the company rapidly expands its portfolio of licensed facilities. Western AgriPharma would be RavenQuest BioMed Inc.’s first 100 percent owned, large-scale facility near Vancouver, which is one of Canada’s largest cannabis markets. With its already completed acquisitions of producers such as Bloomera and Alberta Green Biotech, RavenQuest BioMed Inc. has penetrated markets across Canada.
The Race To Meet Demand Is On
Cannabis companies are working to meet Health Canada’s projected supply shortfall. The cannabis stocks that have soared so far are the ones belonging to companies that have licenses and the production capacity to grow the plants.
At a current market cap of $79 million and trading at $0.86 per share, RavenQuest Biomed Inc. is primed to be one of the new competitors to make moves for mass cannabis production. The company is trading at a fractional valuation compared to a giant like Aurora Cannabis that is valued at over $3 billion. Aurora’s stock reached a high of $12.30 this year, and is currently trading at $7.50.
What will be key is the numbers surrounding square footage space available for expansion. With all its recent industry acquisitions, RavenQuest BioMed Inc. could soon be counted among industry giants like Cronos Group and Aurora Cannabis.
In addition to strategically gaining ground by acquiring growing facilities, RavenQuest BioMed Inc. has already proven it can outproduce common flat-table growing spaces with its circular growing technology. Their orbital gardens can produce more grams per square foot than any producer in the cannabis industry— up to 1,500 grams, where a typical flatbed environment produces approximately 130 grams. That’s a production increase of 1,500 percent.
Overall, the company’s continuously expanding growing operations and healthy cash reserves place them in a unique equity position. Growth at this capacity could have cannabis investors seeing green in the near future. Last month the company completed the final tranche of $26.4 million in private financing.
Building The Biggest Cannabis Farms In The World
RavenQuest BioMed Inc. looks set to join the industry titans as they have acquired more licensing and growing capacity than anyone in the country on Indigenous lands. The company struck a deal with Alberta’s Fort McMurray First Nation 468 late last year to take the lead on licensing, engineering and architecture for a 24,000-square-foot licensed growing facility that is set to open in 2019. This partnership recently evolved into an MOU which would give RavenQuest a 30% stake in a 10x expanded project at 250,000 square feet, which will make it one of the largest cannabis farms in the world, all on tax-advantaged sovereign Indigenous land.
This is a significant competitive advantage because it will open up opportunities to rapidly expand production in the future, which on its own could potentially make RavenQuest BioMed Inc. uniquely suited to rapidly meet demand shortfalls."
Anyone know how much cash on hand Capstone currently has?
Nice find. Since Capstone is one of the leaders in this market they should get a nice large, significant chunk of that $573.7 billion market.
What would help restore confidences is that DJ not sell stock at a significant discount after this 4/9 conference. Seems sales are picking up so he should show confidence in the company and not risk investor sell offs. Take the water wings off and learn to swim on your own. Concentrate on sales, growing the company
and lowering expenses. Selling cheap shares is addictive like a bad drug habit.
Moving their Headquarters was a great start, should have been done years ago.
I am hoping for some news at 8:30 AM to ensure it’s a nice easy day without any whistling. If not it could be a battle, but hey I am an eager participant.
But what would happen to Cpst if it did hit $100.00? I believe there is a good chance that it will.
If oil hits $100 per barrel will that help, or hinder Capstone? And will that affect natural gas prices?
Comments?
U1 halt code
Which means: Halt – Foreign Market/Regulatory
Trading is halted because the OTC Equity Security or the security underlying an ADR that is an OTC Equity Security (OTC ADR) is listed on or registered with a foreign securities exchange or market, and the foreign securities exchange, market or regulatory authority overseeing such issuer, exchange or market has halted trading in such security for regulatory reasons because of public interest concerns.
Cappy is being used as a hedge against overall market losses. Lol.
Seven more days and counting....
Agree.
Here is an article about Natural Gas consumptions. I see it this way about natural gas pricing and such regarding Capstone. When the price goes up it may affect sales to customers who use the equipment at facilities to generate heat, cooling, and electrical generation since their cost would be higher. But the same situation could be offset because oil and gas producers may then increase purchases because it is a great time for expanded production for them. I would assume capstones market penetration should be near equal in both ends of those spectrums.
Anyway:
https://finance.yahoo.com/news/natural-gas-price-analysis-march-183850397.html
When the Diesels have to be taken off line for the many oil changes and finally rebuilt it will dawn on them while watching the turbines keep cranking along that maybe they should have even more of them. But also keep in mind that this is New York City and there may exsist a Diesel mechanics union with regulations to be dealt with.
Seems to be a big battle for $1.00
I believe Shorts are worried about their current positions. Once CPST stays above $1.00 for 10 consecutive days they will not be delisted from the Nasdaq. Shorts are afraid the S/P will soar after that happens. It is far past the time to cut the head off of the snake. Thanks to Obama’s let’s bankrupt America campaign companies like Capstone have been abandoned and forced to fend on their own by neglect and over regulation. Now is time for change. If you are long and you liked the last 8 yrs then act like it and sell before $1.00. If not then show faith in the new administration to bring America from the brink. $ 24 trillion in debt is the point of no return if that happens then none of us will have anything. You have to start somewhere to make a stand. You can take the easy way out and short American into oblivion accumulate your dollars only no one will want them. The paper they are printed on will cost more than the supposed value. Since we have been off the gold standard the dollars value is held by the fact that other countries use it as the standard for conducting international business. When the our gov’t spends more money than we have the treasury just prints more money which erodes it value. When it erodes too far other countries will no longer want to purchase bonds backed by the dollar. $24 trillion may well be the tipping point. When the U.S. has trade deficeits with other countries it further adds to our national debt. That is why President Trump wants to renegotiate bad trade deals. The U.S. is not going to grow wealth by having citizens sell pizzas to each other. It may temporarily help with personal wealth, but if the dollar loses international value in a free fall it won’t really matter at all will it. You will never have enough worthless money to feed your family. We need to build America one company at a time and we need to start now. Or you can live your life in denial like a socialist and be part of the problem.
That is exactly why I came back after several years. Great products, less regulations, an administration not against petroleum and one that will control EPA to allow taking advantage of the countries great wealth of natural resources. Capstone should be able to fit a great need for the trend towards micro grids and should be positioned nicely for growth. AJMO and worth what you paid for it.
You have to leave the “s” off of “generations” instead use
Power generation news UK
Perhaps this articulates what is going on and perhaps what is to come fro the UK.
https://www.ft.com/content/ba6bd46a-1d75-11e8-956a-43db76e69936
Mini power plants smooth out UK’s energy landscape
Cheap-to-build and quick to fire up plants fill in for renewables
Apparently the link above will not work and article cannot be copied, so do what I did to read the article,
Search ....power generations news UK and look for title, “Mini power plants smooth out UK’s energy landscape”
““This order is significant as it is one of the first under our new bundled solutions program which is designed to improve customer project economics and drive increased adoption rates,” said Darren Jamison, President and Chief Executive Officer of Capstone. “The new bundled solutions program is designed to drive an increase in accessory sales and aftermarket service revenue. In addition, as the program expands it will positively impact working capital and quarterly cash flows,” added Mr. Jamison.”
Hopefully, we should notice an increase in sales volume. Perhaps this concept is aimed at these larger projects ( fortune 100 and 500 companies ) Capstone has hinted about. We shall see.
P.S. does anyone know the name of the UK company that bought the C200 unit?
The key driver in many stocks are trends. What does the government want? The trend is our friend. There is no reason for Capstone not to succeed. The trend now is electric driven veheciles using batteries with a backup system to charge batteries. With new drilling techniques to capture vast amounts of petroleum and natural gas Capstones situation is now aligned perfectly for the future. Capstone products adapt to varied fuel sources and are extremely reliable. They are using that factor in their new sales campaign when selling service packages along with bundled products. IMO they will have a bright future, but it would be wise to do your own DD.
Sorry about multiple post. My phone locked up.
We are going to win so much we will get sick of winning. Hahaha.
"Sell to Win"
I don't know, but it sounds like the art of the deal concept. Not only are we letting Trump be Trump, but we are all turning into Trump. Capitalism at its best.
What do you Son of batches think? Lolo.
Shorts think Obama is still President
Live and learn fellows. It’s going to be so sweet.
May be saving the best for Tuesday's virtual conference. We shall see.
Wonder if Capstone is bidding this for Southern California Edison (SCE)
SCE Seeks New Clean Energy Resources in Ventura, Santa Barbara Areas
Request for Proposals issued to meet Moorpark sub-area local capacity needs
February 28, 2018
Media Contact: Robert Laffoon Villegas, (626) 302-2255
ROSEMEAD, Calif., Feb. 28, 2018 — Southern California Edison issued a Request for Proposals (RFP) seeking to add clean power resources to meet long-term local capacity requirements in the Moorpark sub-area of its electrical system known as the Big Creek/Ventura local reliability area.
The RFP targets resources connecting to the Moorpark, Santa Clara and Goleta substations that comprise the Moorpark sub-area. Resources contracted through the RFP that connect to the Goleta substation will further resiliency objectives in Goleta and Santa Barbara.
“Unlike other solicitations to increase capacity of the overall electric system, this solicitation specifically seeks to meet local needs in the Moorpark area,” said Colin Cushnie, SCE vice president of Energy Procurement & Management. “SCE is targeting clean energy resources to meet this need.”
A bidder’s conference is planned for March 15 at 1 p.m. (PDT). Conference details will be provided to those who register on the RFP website at scemoorparkgoletarfp.accionpower.com.
Projects that meet the RFP requirements can participate in the competitive bidding process, which will be monitored by an independent evaluator to ensure a consistent and fair process.
RFP Eligible Preferred Resource Products Include:
Demand Response (Behind the Meter or “BTM”)
Permanent Load Shift (BTM)
Energy Efficiency (BTM)
Renewable Generation (BTM & In Front of Meter “IFOM”)
Renewable Generation / Energy Storage Hybrid (BTM & IFOM)
Energy Storage (IFOM)
About Southern California Edison
An Edison International (NYSE:EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of nearly 15 million via 5 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.
Capstone Receives Substantial Follow-On Order for Recovering Russian Market
GlobeNewswireMarch 5, 2018
VAN NUYS, Calif., March 05, 2018 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today a follow-on order for thirteen C65 microturbines to be deployed in western Russia. Electrosystems LLC, Capstone’s distributor for the Northwest and Central Federal Districts of Russia, secured the substantial follow-on order.
In 2017, Electrosystems secured an initial eleven unit order for an industrial park in western Russia for a combined heat and power (CHP) application. As the industrial park grew, additional power capacity was needed. Due to the demonstrated reliability, rugged performance and low maintenance of the Capstone microturbines, the customer decided to expand their microturbine-based power plant
NEXT-GENERATION MICROTURBINES
Wide and varied markets to capture
Capstone microturbines are the ideal solution for today’s distributed generation needs. As the world’s leading clean technology manufacturer of microturbine energy systems, Capstone products are supported by over 100 patents to deliver distributed power applications for customers worldwide.
Derived through advanced engineering based on proven turbine design, microturbines represent a watershed energy management solution. Transforming the way businesses think about energy production, Capstone solutions reduce energy costs, ensure power availability, and help preserve the environment with its near-zero emissions profile. Low-emission Capstone microturbines serve multiple vertical markets worldwide with industry leading reliability and efficiency. Capstone’s technological advantages and vertical market strategy have enabled it to strengthen its position as the global leader in clean-and-green power generation technology.Wide and Varied Markets to Capture
Small sampling of the marine market and how Capstones applications fit seamlessly:
OVERVIEW
Capstone microturbines can be used in marine applications to provide onboard auxiliary power or as a range extender for both luxury yachts and commercial vessels. Capstone microturbines can operate on diesel and liquefied natural gas (LNG). The increased use of LNG in onboard marine applications is ideal for Capstone microturbines because they can run on the boil-off that naturally occurs with LNG storage, essentially providing free power from a source that would otherwise go to waste. This helps to increase overall efficiency while simultaneously reducing the carbon footprint of the vessel.
https://www.capstoneturbine.com/case-studies/listing/all?s=Germany®ion=&fuel_type=&product=&industry=
A Wide and Varied Markets to Capture
Capstone microturbines can be used in marine applications to provide onboard auxiliary power or as a range extender for both luxury yachts and commercial vessels. Capstone microturbines can operate on diesel and liquefied natural gas (LNG). The increased use of LNG in onboard marine applications is ideal for Capstone microturbines because they can run on the boil-off that naturally occurs with LNG storage, essentially providing free power from a source that would otherwise go to waste. This helps to increase overall efficiency while simultaneously reducing the carbon footprint of the vessel.
....."........................................
Two liquid natural-gas fueled Capstone C30 MicroTurbines onboard the Argonon Type C tanker in the Rhine River in Europe, operate in an N+1 setting and serve as the main electrical power supply. The onboard clean-and-green microturbines, meet strict emission regulations without additional exhaust aftertreatment. "Argonon Shipping strives to be an innovative, socially-responsible company and Capstone microturbines absolutely fit our mission to have a clean-and-green profile."
- GERARD DEEN, FOUNDER DEEN SHIPPING, EUROPEAN INLAND WATERWAYS
Mick, do you think something dated Jan, 2016 is recent?
Capstone Turbine to Present at the Inaugural LD Micro Virtual Conference on March 6,
VAN NUYS, CA / ACCESSWIRE / March 1, 2018 / Capstone Turbine Corporation (www.capstoneturbine.com) (CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that it will be presenting at the inaugural LD Micro Virtual Conference on Tuesday, March 6 at 9:30 AM PST/12:30 PM EST. Capstone's President and Chief Executive Officer, Darren Jamison, will be giving the presentation and answering questions from investors.
The Company's presentation can be viewed the day of the conference by visiting the Investor Relations section of the Company's website at www.capstoneturbine.com.
"I am excited to present to the LD Micro investors as I will discuss the next phase of our business growth and strategy developments after achieving our recent positive EBITDA milestone," said Darren Jamison, President and Chief Executive Officer of Capstone.
"We are delighted to finally be hosting a virtual event, to support our in-person conferences," stated Chris Lahiji, President of LD Micro. "There are a great number of people and companies who are unable to come to our live events, due to a multitude of reasons (mostly related to having kids), so we are happy to offer an additional outlet where companies can present to investors without taking a lot of time out of their day-to-day operations. While virtual events will never supplant the experience of sitting in the same room as someone or eating artery-clogging pastries at 3 PM, it is a great format for updating the investor community and getting increased exposure."
The conference will be held via webcast and will feature over 60 companies in the small / micro-cap space.
Todays action indicates how eager investors are to jump in CPST with some incentive. If they can continue with some larger sales the S/P will really pop. They have a great product with a great track record so there really is no reason not to build momentum and especially when you consider all the regulations that were in place impeding them more than likely will be retracted by the current administration if the recent past is any indication. Very positive feeling. Good luck to all, except shorts, lol.
Sorry to learn of your losses. I was invested several years ago also. I was fortunate to get out with a very small profit. Turns out that Obama would sell Uranium to Russia, but not Microturbines, go figure? Who could have predicted that situation? One thing I have to say about Capstone products, if the Russians liked them, and there is every indication that they did, it would be because they were very dependable in their harsh environment. Passing that kind of test only proves the quality of Capstone’s engineering, and manufactured product. They are definitely doing that right. Russia has a great abundance natural gas, just as we do, so it was a no brainer for them. Hopefully, we can learn from them, but also learn that, as Trump’s CPAC’s poem said, to beware when you befriend and help a venomous snake it’s natural response is to bite you. Let’s hope the Past is the Past and stays there, and that Russia was the snake and not Capstone. We shall see. I am hoping that some company like GE will partner, or buy them. I believe the micro-grid is the future of power generation and companies like GE will go in that direction as a hedge for their future.
Capstone Turbine (CPST) Upgraded at Zacks Investment Research
https://registrarjournal.com/2018/02/23/capstone-turbine-cpst-upgraded-at-zacks-investment-research.html
Posted by Xavier Javi on Feb 23rd, 2018 // No Comments
Capstone Turbine Co. logoZacks Investment Research upgraded shares of Capstone Turbine (NASDAQ:CPST) from a hold rating to a buy rating in a research note released on Tuesday morning. They currently have $1.00 target price on the industrial products company’s stock.
According to Zacks, “Capstone Turbine Corp. develops, designs, assembles and sells Capstone MicroTurbines. Capstone MicroTurbines provide power at the site of consumption and to hybrid electric vehicles that combine a primary source battery with an auxiliary power source, such as a microturbine, to enhance performance. The Capstone MicroTurbine combines sophisticated design, engineering and technology to produce a reliable and flexible generator of electricity and heat for commercial and industrial applications. “
Get Capstone Turbine alerts:
A number of other research firms also recently issued reports on CPST. HC Wainwright set a $2.00 price objective on shares of Capstone Turbine and gave the stock a buy rating in a report on Tuesday, February 6th. Oppenheimer set a $2.00 price objective on shares of Capstone Turbine and gave the stock a buy rating in a report on Monday, February 5th. Finally, Roth Capital set a $2.00 price objective on shares of Capstone Turbine and gave the stock a buy rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $1.75.
Shares of Capstone Turbine (NASDAQ:CPST) opened at $0.81 on Tuesday. Capstone Turbine has a 12 month low of $0.58 and a 12 month high of $1.35.
Capstone Turbine (NASDAQ:CPST) last announced its quarterly earnings results on Monday, February 5th. The industrial products company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.05. Capstone Turbine had a negative net margin of 15.01% and a negative return on equity of 66.93%. The firm had revenue of $22.80 million during the quarter, compared to analyst estimates of $22.70 million. During the same period in the previous year, the business posted ($0.28) earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. research analysts anticipate that Capstone Turbine will post -0.21 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Perkins Capital Management Inc. purchased a new position in shares of Capstone Turbine in the fourth quarter worth approximately $744,000. GMT Capital Corp purchased a new position in shares of Capstone Turbine in the third quarter worth approximately $191,000. Geode Capital Management LLC boosted its holdings in shares of Capstone Turbine by 63.3% in the fourth quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock worth $134,000 after buying an additional 67,509 shares during the last quarter. Macquarie Group Ltd. purchased a new position in shares of Capstone Turbine in the fourth quarter worth approximately $111,000. Finally, Sabby Management LLC purchased a new position in shares of Capstone Turbine in the fourth quarter worth approximately $758,000. 9.43% of the stock is currently owned by institutional investors.
About Capstone Turbine
Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.
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Phoenix Contact:
“Phoenix Contact not only helped to develop the new PowerSync controller but also uses a Capstone C1000 microturbine at its facility in Harrisburg, Pennsylvania. The C1000 is a combined cooling heat and power (CCHP) installation, utilizing a 5,000-BTU heat exchanger and a 300-ton absorption chiller. This enables Phoenix Contact to utilize the thermal energy from the exhaust for the building’s hydronic heating loop, providing heating and cooling to the facility. The C1000 will also reduce their emissions by over 3,100 tons of carbon per year, equivalent to removing 2,200 cars from the road for one year. The site won the Pennsylvania Governor’s Award for Environmental Excellence in 2015 for its efficiency and innovation.
“The new PowerSync line of controllers improves the overall performance and reliability of our innovative clean and green microturbine systems. In addition, they are simpler to program and more intuitive to use for our distributors and end-user customers lowering the amount of time required to commission a complete CHP or CCHP system,” said Darren Jamison, President and Chief Executive Officer of Capstone. “Phoenix Contact has proven to be a great development partner for Capstone as well as a successful customer,” added Mr. Jamison.
“Since we installed the Capstone C1000 in 2014, we have cut our energy bill by about $300,000 per year, but just as importantly, we are eliminating a huge amount of emissions,” said Jack Nehlig, President of Phoenix Contact USA. “We are excited to be part of Capstone’s latest solution so that other facilities can reduce their carbon footprint and see energy-saving results just as we have,” added Mr. Nehlig.
———————.————————-
Pay back is fast
Nice informative videos:
https://www.capstoneturbine.com/news/media-assets
Seems as if they are placing all their energies on these large orders for the fortune 100 and 500 companies that they have talked briefly.
Good sign is when a company continually improves its products to remain the best. Shows great management and great technical staff to recognize the need, and the ability to stay on top.
https://ih.advfn.com/p.php?pid=nmona&article=76700262
Being the best isn’t enough, staying the best is
I wonder how much of the new $1.5 trillion infrastructure bill will Capstone be awarded, if any?
Could the fortune 100 and Fortune 500 companies Capstone has been in negotiations with be involved in any of those projects? Time will tell. Sure seems to be a very good reason to clean up one’s balance sheet though doesn’t it? Lots to think about.