Thursday afternoon VFC's Stock House informed readers that Capstone Turbine (CPST) had issued a press release stating that the company's President and CEO, Mr. Darren Jamison, would appear for a brief a segment on CNBC's "Fast Money" after the market close.
Shares of Capstone closed the day up by nine percent, while after-hours trading pushed shares even higher, after the CNBC segment aired.
Mr. Jamison did not announce anything that was not already public knowledge, as expected, but the company was highlighted as one that is able to take well advantage of the current low prices of gas - the fuel of choice to power its low-emission microturbine units.
The "Fast Money" host was already aware of the green energy benefits provided by Capstone's technology and was also well aware of the increase in orders that the company has received over the past year, including an order earlier this week for another 30 units destined for the Eagle-Ford Shale Play in the United States.
Last year CPST ran to over two dollars, in part sparked by a mention in a speech in Brazil by US President Barak Obama, and the initial results from the CNBC publicity also look encouraging for longs, as shares had trickled lower since last year's run and even dipped below the dollar mark at points during recent trading.
Capstone has continuously expanded its presence in the overseas arena and also made another recent push into the hospital market, a notable event as the cheap prices of natural gas could compel businesses to start incorporating Capstone's technology on a more commercial basis.
The only trick left for this company to master is the art of returning profitability on the balance sheets. Investors have long seen that as the elusive target and progress over the past few quarters may have that light at the end of the tunnel looking a little brighter.
CNBC - and General Electric (GE) - have taken notice of the company and its potential in this market, and investors looking for a nice green play may start to take notice, too.
Disclosure: Long CPST.
Contact VFC's Stock House: vfc@vfcsstockhouse.com
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