Microturbine

Northern Power, a subsidiary of Distributed Energy Systems Corp (DESC), has signed an original equipment manufacturing (OEM) agreement with Elliott Energy Systems (Stuart, FL). The agreement gives Northern Power exclusive worldwide rights to incorporate Elliott technologies in the development of microturbine-based products for the oil and gas industry. Northern Power has also signed a distributor agreement with Elliott to sell and service its existing microturbine-based systems.

Capstone Turbine Corp (CPTC) announced that Capstone-branded products have been approved by the General Services Administration (GSA) and are now on the GSA Schedule. "As a result of our continuing efforts to place Capstone MicroTurbine® products into large market potentials, we have now created an avenue for the sale of Capstone-branded microturbine products to the U.S. government," said Capstone CEO John R. Tucker. "We are very pleased to receive this GSA approval and recognize the importance of being qualified as a GSA Schedule supplier. We have proactively taken this step, and created this opportunity, to provide Capstone products...

Green money managers' stock picks after the Japanese nuclear crisis. Even as the nuclear disaster in Japan unfolds, it's clear that the world's energy industry will be forever changed. Russian reactors were never considered safe, but a Japanese to have a nuclear meltdown is an entirely different story. Market Reaction Since Monday, nuclear stocks and ETFs have been plummeting. As of Wednesday night, The Market Vectors Uranium + Nuclear Energy ETF (NYSE:NLR), the iShares S&P Global Nuclear Energy Index (NASD:NUCL), PowerShares Global Nuclear Energy Portfolio ETF (NYSE:PKN), and the Global X Uranium ETF (NYSE:URA) are down...

by Debra Fiakas CFA Last week microturbine manufacturer Capstone Turbine (CPST:  Nasdaq) reported financial results for the final quarter of its fiscal year ending March 2016.  Sales were $18.9 million in the quarter, bringing total sales for the year to $85.2 million.  FY2016 sales shrank 26.2% from the prior fiscal year for the second year in a row.  Some shareholders may be taking solace in the FY2016 net loss of $25.2 million or $1.39 per share in that it is an improvement over the even deeper loss in the year before.  That does not necessarily mean that operating...

Capstone Turbine Corp (CPTC) shares closed the day with a loss of 11.38%. The company said it may end its OEM partnership agreement for its microturbine products with UTC Power LLC (United Technologies UTX.) From MarketWatch: Capstone cited certain breaches, including UTC's failure to meet its sales targets for the year, as reason for the potential termination of their OEM deal. Capstone said it has notified UTC that it has 90 calendar days to cure the breaches. The first question that you may ask is, why would this affect Capstone? The first way to answer...