Why Shares of Capstone Turbine Corporation Popped Today
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Share of micro-turbine maker Capstone Turbine Corporation are up 13% today after receiving a new order.
So what: This morning, the company announced orders for two Capstone C800s and a Capstone C1000 for use in two Southern California hospitals. The deals total 2.6 MW and are expected to be commissioned in late 2014.
Now what: This is really business as usual for Capstone and isn't reason to change your investment thesis today. The company still lost $12.9 million in 2013 and barely grew revenue at all, which isn't good for a company that's in an emerging market. This is a company I can't get excited about unti growth picks up significantly or it makes a profit, which both seem far off right now.
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The article Why Shares of Capstone Turbine Corporation Popped Today originally appeared on Fool.com.Travis Hoium and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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