Welcome to our dedicated page for Capstone Green Energy Corporation news (Ticker: CGRN), a resource for investors and traders seeking the latest updates and insights on Capstone Green Energy Corporation stock.
Capstone Green Energy Corporation (NASDAQ: CGRN) is a pioneering force in the development and manufacturing of clean and green microturbine power generation systems. Formerly known as Capstone Turbine Corporation, Capstone Green Energy has established itself as the world's leading provider of high-efficiency air bearing turbine technology.
Headquartered in Los Angeles, California, the company has successfully shipped thousands of microturbines to customers across the globe. These innovative and award-winning systems boast millions of documented runtime operating hours and adhere strictly to current and future emissions regulations. With an extensive network of over 86 distributors worldwide, Capstone provides low-emission microturbines that serve a variety of vertical markets with unmatched reliability and efficiency.
Capstone Green Energy's product lineup includes scalable solutions ranging from 30kW to 30MW, capable of operating on a diverse array of gaseous or liquid fuels. This versatility makes Capstone’s microturbines an ideal solution for today's distributed generation needs. The company is also a proud member of the U.S. Environmental Protection Agency’s Combined Heat and Power Partnership, demonstrating its commitment to improving energy efficiency and environmental performance.
However, recent developments have presented significant challenges for Capstone. On September 29, 2023, the company announced its filing for Chapter 11 bankruptcy protection. Additionally, the company received a delisting notice from the Nasdaq Stock Market due to non-compliance with Listing Rule 5550(b)(2), effective October 5, 2023. Capstone Green Energy's stock is currently trading at $0.50.
The Law Firm of KlaymanToskes has offered recovery options for investors who suffered losses due to their broker or investment advisor’s recommendations regarding Capstone Green Energy. Investors are encouraged to contact the firm for a free and confidential consultation to discuss recovery options.
Capstone Green Energy (NASDAQ: CGRN) is advancing its Energy as a Service (EaaS) strategy, targeting a rental fleet growth to 50 MW, funded by proceeds from an $8 million public offering. Recent contracts, including a 600 kW rental in the industrial grow operation market, demonstrate strong customer demand, with contracts increasing from 7 MW in March 2021 to 34 MW by July 2022. The EaaS model is appealing due to its cost-effectiveness, offering companies reliable energy solutions while minimizing capital expenditures. Capstone aims to meet rising market demands while bolstering its service offerings.
Capstone Green Energy (NASDAQ: CGRN) will hold its quarterly conference call on November 14, 2022, to discuss its Q2 fiscal year 2023 financial results at 1:45 p.m. PT. Investors can listen via the company's investor relations webpage. Capstone focuses on providing microgrid solutions and energy technology systems, reportedly saving customers over $213 million in annual energy costs in FY22 alone, totaling approximately $911 million over the last four years.
Capstone Green Energy Corporation (NASDAQ: CGRN) will participate in a series of live Virtual Non-Deal Roadshows hosted by Renmark Financial Communications, taking place on October 19, 20, and 24, 2022. The presentations will showcase the latest investor information featuring Darren Jamison, President and CEO. Attendees can register for each session via provided links. Capstone specializes in carbon reduction and on-site resilient green energy solutions, having saved over $911 million in energy costs and avoided 1.5 million tons of carbon emissions in the past four years.
Capstone Green Energy (NASDAQ: CGRN) will present at the LD Micro Main Event XV on October 25 at 10:30 a.m. PT in Los Angeles. CEO Darren Jamison will discuss the company’s expanding Energy as a Service business and opportunities stemming from the U.S. Inflation Reduction Act. This event, running from October 25-27, features over 200 companies and aims to connect investors with growth opportunities. Interested parties can register for a virtual presentation and arrange one-on-one meetings with management.
Capstone Green Energy Corporation (NASDAQ: CGRN) announced an order for two 65 kW microturbine systems from a major upstream oil and gas company for deployment at an unmanned offshore platform in Malaysia. The systems, supplied by exclusive distributor Sekito, will be commissioned in Fall 2023. This follows another order from Ractive Engineering for a similar application in Trinidad. The ATEX-certified microturbines will enhance energy resiliency while reducing carbon emissions, providing a cleaner and reliable power source for offshore operations.
Capstone Green Energy Corporation (NASDAQ: CGRN) has announced a new order for a 1.6 MW microturbine solution designed for an oil production site in Southern California. The installation, set to be commissioned in Q2 2023, will enhance power reliability and reduce emissions. The project includes two natural gas-fueled C800 microturbines and a Capstone Logic Controller, optimizing fuel efficiency by using waste gas from oil extraction. This move aligns with Capstone’s commitment to delivering eco-friendly energy solutions in challenging environments.
Capstone Green Energy Corporation (NASDAQ: CGRN) appointed Celia Fanning as Chief Accounting Officer effective September 26, 2022. With over 22 years of finance experience, Fanning aims to enhance the company's accounting and reporting processes during a transformative phase. CEO Darren Jamison highlighted her financial expertise as crucial for improvement. Prior to this role, Fanning held senior finance positions at various firms, including Groundwork Coffee Holdings. Capstone is committed to providing on-site green energy solutions while achieving significant customer savings in energy costs and carbon emissions.
Capstone Green Energy Corporation (NASDAQ: CGRN) announced a significant order from Ractive Engineering for two C65 ATEX-certified microturbine systems in Trinidad and Tobago. These microturbines will utilize on-site unprocessed wellhead gas to power an unmanned gas platform, replacing outdated equipment. Expected to be operational by summer 2023, the systems emphasize low emissions and reduced maintenance costs, enhancing operational reliability in remote locations. The project highlights the increasing demand for sustainable energy solutions in the oil and gas industry.
Capstone Green Energy Corporation (NASDAQ: CGRN) will participate in a series of live Virtual Non-Deal Roadshows hosted by Renmark Financial Communications from
Capstone Green Energy Corporation (NASDAQ: CGRN) has secured a follow-on order for 5 C65 microturbine systems from E-Finity Distributed Generation for deployment in the Marcellus Shale region. This order highlights customer satisfaction with Capstone's technology, targeting emissions reduction and operational efficiency. The natural gas-fueled microturbines will be operational by Q2 2023, providing on-site power and reducing costs. Capstone emphasizes its leadership in carbon reduction and energy solutions, having saved customers over
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