...any their thirst for Cappy...
Russian gas monopoly Gazprom lost 17.68% ($6.34 per receipt), and the company’s capitalization dropped $15 billion. Oil giant Rosneft’s stocks slipped 8% to $6.21 per receipt.
Could get interesting.
I am afraid that the market may not agree with you Mike.
Too much hype before this call. too much emotion.
Big picture is that SP is too high right now for a loss. Market was pumping for a break-even or even a small profit.
Hope I am wrong. Sleep well.
I am afraid that whomever bought at $1.64 at 4PM may be sorry tomorrow.
Future looking better, but current bottom line don't look so good...and this market is in punish-mode if you don't meet expectations...the revenue REALLY disappointing: "$37.0 million, falling well short of the $40.3 million"
Somebody please tell me it ain't so...I still need to listen to the call please post thoughts.
"Capstone Turbine Corporation reported fiscal third-quarter earnings after the market closed today and didn't do a lot to impress investors. Revenue was up 11% from a year ago to $37.0 million, falling well short of the $40.3 million Wall Street expected. Gross margin did increase to 20% from 14% a year ago, but the company still lost $2.2 million, or $0.01 per share.
Backlog increased to $160.4 million from $149.8 million in the fiscal second quarter, showing continued demand for micro-turbines. The hope for management is that the demand will allow the company to reach breakeven EBITDA, which would be an important milestone because it would end a long-running cash burn.
The challenge is that investors are expecting a lot of profit growth in the future, given the company's $508 million market cap. That's a lot to live up to, and slower-than-expected top-line growth is a concern.
With just $132.1 million in revenue in the past year, the stock is worth nearly four times sales, a hefty premium for a company that's not profitable and isn't growing terribly quickly. Shares are sliding after hours, and I'd expect that to continue unless Capstone can pick up growth and profits in coming quarters."
Under the title:
U.S. Department of Energy - Energy Efficiency and Renewable Energy, EERE Successes
California: Microturbine Protects Environment, Creates Jobs
"Since C200 deployment at customer sites has demonstrated a net electric efficiency of 33%, the project team is confident it can achieve 42% net electrical efficiency for the 370-kWe design—85% in total combined heat and power (CHP) efficiency. Many components from current Capstone products, including the proven C200, will be used to accelerate development of the 370-kWe microturbine and ensure commercial success. As an intermediate step in the project, Capstone plans to improve aspects of the C200 that will increase its output and replace it with a new 250-kWe model. But the project’s ultimate goal of developing the C370 should result in energy savings of 44% compared to separate electric and thermal energy generation, while reducing carbon dioxide emissions by 59% and nitrogen oxide emissions 95%. With an expected payback period of 2.6 years,2 the 370-kWe design has the potential to make microturbines a viable distributed energy generation option for commercial, industrial and government facilities."
ensure commercial success...payback in 2.6 years....wow.
viable distributed energy generation option for commercial, industrial and government facilities...wow and double wow!
This site provides an unabashed Government endorsement of Cappy just before the SOTU...me thinks this is goodiegoodie...me thinks there are many many many government facilities.
I wonder if we will hear about the 250 and 370 on the CC.
Good posts from you both.
If things start to burn early, we may see a real drop. All kinds of uncertainty this week unless you own NG stocks...after all, they are cheap and its cold outside....look at Drudge headline tonight....(-)50 degrees...holy smokes.
I just don't know how Cappy will play into the mix. May be a buying opportunity, but it all depends on the crowd.
When things depend on a crowd, things can get pretty strange...tulips come to mind.
Good luck everyone.
GP5-41-720: Pennsylvania General Energy Co., LLC (120 Market Street, Warren, PA 16365) on December 9, 2013, to construct and operate eight (8) 1,775 bhp Caterpillar model #G3606 LE natural gas-fired compressor engines, each equipped with a Powertherm catalytic oxidizer, five (5) 200 kW natural gas-fired Capstone #C200 NG MicroTurbines, two (2) 60 MMscfd TEG dehydration units each equipped with a 2.31 MMBtu/hr natural gas-fired reboiler, three (3) 16,800 gallon production water storage tanks, one (1) 1,000 gallon TEG tank and one (1) 1,000 gallon lube oil tank pursuant to the General Plan Approval and/or General Operating Permit for Natural Gas Compression and/or Processing Facilities (BAQ-GPA/GP-5) at the Tract 729 Compressor Station in Cummings Township, Lycoming County.
(Reuters) - President Barack Obama on Thursday ordered a broad review of the country's energy infrastructure, noting that factors such as rising demand and climate change have put increased pressure on the aging system. In a statement announcing the launch of a Quadrennial Energy Review, the White House said an associated task force would spend the next year studying the systems required for "transporting, transmitting, and delivering energy." "Our current infrastructure is increasingly challenged by transformations in energy supply, markets, and patterns of end use; issues of aging and capacity; impacts of climate change; and cyber and physical threats," said the president's memo establishing the review.
"Any vulnerability in this infrastructure may be exacerbated by the increasing interdependencies of energy systems with water, telecommunications, transportation, and emergency response systems."
Plans for the Quadrennial Energy Review, known as a QER, have been underway for months. Global energy markets have been transformed by a boom in U.S. shale oil and natural gas production, and the administration must deal with issues including pipelines, fracking and transport of crude oil by rail. There have also been calls to allow exports of U.S. crude.
The White House noted that domestic oil production has grown more than 50 percent since Obama took office in 2009 and natural gas production was at its highest-ever levels, conditions that were testing aging U.S. infrastructure.
The short-sale will be profitable if the short position is covered at a lower price than the stock was sold short. It would result in a loss if the short covering occurs at a higher price than the stock was shorted. When there is a great deal of short covering occurring in a stock, it may be result in a “short squeeze,” wherein short sellers are forced to liquidate their positions at progressively higher prices as the stock moves up rapidly. Also known as “buy to cover.”
Short covering may also happen on an involuntary basis in the case of stocks with very high short interest, which may subject short sellers to a “buy in.” This refers to the closing out of a short position by a broker-dealer if the stock is extremely difficult to borrow and its lenders are demanding it back.
The risk of short covering, i.e. whether or not the stock will be subject to a short squeeze, can be gauged by a stock’s short interest and its short interest ratio (SIR). Short interest refers to the number of shares sold short as a percentage of total shares outstanding, while short interest ratio is computed as total shares sold short divided by the stock’s average daily trading volume.
The higher the short interest and SIR, the greater the risk that short covering may occur in a disorderly fashion. For example, consider a stock with 50 million shares outstanding, 10 million shares sold short and average daily trading volume of 1 million shares. This stock has a short interest of 20% and a SIR of 10, both of which are quite high, suggesting that short covering could be difficult.
Short covering is generally responsible for the initial stages of a rally after a prolonged bear market or a protracted decline in a stock. Short sellers usually have a shorter trading horizon than investors with long positions. This is due to the risk of runaway losses on a short squeeze, so they are quick to cover their short positions on any signs of a turnaround in market sentiment or a stoc
read the news...BigOil likes LittleCappy, and there is a whollotta BigOil with deep pockets and global needs.
good-golly...what will the shorts do...COVER....or take cover...or just tell mommy that you need to live in the basement for a few more years.
Laughing...in your heads...Laughing...in your heads...Laughing...in your heads...Laughing...in your heads...Laughing...in your heads...Laughing...in your heads...Laughing...in your heads...Laughing...in your heads...Laughing...in your heads...Laughing...in your heads...Laughing...in your heads...Laughing...in your heads...
Go Longs...Go Cappy!
Danielson: My office, the Office of Energy Efficiency & Renewable Energy (EERE) is working with the building industry to develop affordable and sustainable building products and design solutions that reduce energy waste in buildings, enhance comfort and productivity, and save U.S. families and businesses money on their energy bills. You might be surprised to know that Americans spend more than $400 billion each year to power and heat their homes and commercial buildings. Cutting energy use by 20 percent could save us more than $80 billion annually on our energy bills, and wouldn’t require any major new technological breakthroughs.
Danielson: I came to government from the private sector in 2009 as the first employee at ARPA-E, where we had the chance to build a new agency from scratch. It allowed us to think creatively about the right way to build an agency, so we used a lot of the best practices learned from the Defense Department’s Defense Advanced Research Projects Agency (DARPA) model, which has been incredibly successful. ARPA-E is all about funding the development of out-of-the-box “high-risk, high-reward” new energy technology pathways. So ARPA-E has been a great addition to the DOE portfolio.
We utilize performance-based contracts to fund our federal energy efficiency and renewable energy deployment activities, such as Energy Savings Performance Contracts (ESPC), which allow federal agencies to complete energy-saving projects without up-front capital costs or Congressional appropriations. For example, our Oak Ridge National Laboratory in Oak Ridge, Tennessee recently completed construction of a biomass steam plant that will save nearly $4 million and cut 20,000 tons of greenhouse gas (GHG) emissions per year. The Department is also installing efficient heating, cooling, and lighting systems and is requiring the use of energy metering in its buildings.
In 5 more weeks, you and the other shorts will be long-gone if this trend/breakout holds up.
I cannot predict the future, but today this company at a 52 week high looks pretty good for longs who got in for under a buck.
Uh-oh...have you every once considered the possibility that you are wrong Cricket?
You seem to be comfortable pointing out the errors of others, but what comes around usually goes around.
We hit a 52-week high today.
Reality for this company.
SHORTIE THOUGHT FOR THE DAY: Just how much is it gonna cost to cover? Uh-oh....