Ray; CPST info
Despite a slipping share price for most of the month
Accompanied by a well above average 7,151,952 shares exchanging hands, Wednesday's market activity was a pleasant positive correction for investors, as shareholder value had been in an overall state of decline since the beginning of May.
The reason for this sudden turn-around, we surmise, stemmed from news Wednesday morning that the Company had received its first Materials Equipment Acceptance or, "MEA," approval from the New York City Department of Buildings, or, "NYCDoB," MEA Division and the New York Fire Department.
Headquartered in the Los Angeles area with sales and/or service centers in New York, Mexico City, Milan, Shanghai and Tokyo, Capstone Turbine Corporation is the world's leading producer of low-emission microturbine systems. The Company was also the first to market commercially viable microturbine energy products. To this date, Capstone Turbine has shipped more than 3,500 Capstone MicroTurbine systems to customers throughout the globe. Thus far, these award-winning systems have logged more than 11 million documented runtime operating hours. Capstone Turbine is also member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases.
On Wednesday morning, the New York Sales and Service office of Capstone Turbine Corporation(R) revealed that it had received its first MEA approval from the NYCDoB MEA Division and the New York Fire Department. |
