NEW YORK, NY--(Marketwire -02/27/12)- President Obama's commitment to renewable energy continues to be one of the driving forces behind the industry. Earlier this month while speaking in Florida, the President called on the country to refocus the nation's energy production on renewable sources. While on the election campaign, Obama has promised a series of business tax reforms that include making tax credits for renewable energy generation permanent. Five Star Equities examines the outlook for companies in the Alternative Energy Sector and provides equity research on Capstone Turbine Corporation (NASDAQ: CPST - News) and Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW - News). Access to the full company reports can be found at:
Quantum Fuel Systems Technologies Worldwide, Inc., an integrated alternative energy company, together with its subsidiaries, develops and produces propulsion systems, and renewable energy generation systems and services.
The company recently unveiled a new composite compressed natural gas (CNG) tank targeting the expanding commercial natural gas fleets including refuse truck applications. "President Obama has proposed a credit equivalent of 50 percent of the extra cost of purchasing a natural gas-powered truck compared with one that runs on diesel or gasoline," said Alan P. Niedzwiecki, the President and CEO of Quantum.
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Capstone Turbine Corporation develops, manufactures, markets, and services turbine generator sets and related parts for use in stationary distributed power generation applications. Capstone Turbine has shipped over 5,000 Capstone MicroTurbine systems to customers worldwide.
Earlier this month the company reported that revenue for the third quarter of Fiscal 2012 was $27.5 million, increased 13.8% from the third quarter of Fiscal 2011, and identical to the second quarter of Fiscal 2012 record of $27.5 million. Capstone's net loss was $8.8 million, or $0.03 per share, for the third quarter of Fiscal 2012, compared to net loss of $8.1 million, or $0.03 loss per share, reported for the third quarter of Fiscal 2011.
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- President Obama
- Capstone Turbine Corporation
- renewable energy
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