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) announced an order for two C600 Signature Series microturbine systems totaling 1.2 MWs through its exclusive distributor, DTC Soluciones, for the Mexican market. This order illustrates the rising demand for reliable, efficient energy solutions in Mexico's industrial and commercial sectors, which account for 72% of the country's electricity demand. Capstone's technology offers potential cost reductions in electricity generation compared to local utilities. Over the last four years, the company has saved its customers approximately $911 million in energy costs and reduced carbon emissions significantly.
Capstone Green Energy Corporation (NASDAQ: CGRN), a leader in carbon reduction and on-site green Energy as a Service (EaaS) solutions, announced that Darren Jamison, President and CEO, will participate in Lake Street Capital’s BIG6 Investor Conference on September 14, 2022, at the Yale Club, New York. The conference will include one-on-one meetings to discuss Capstone's EaaS business, sales growth strategy, and achievements. Capstone has shipped over 10,000 units globally, saving customers over $213 million in energy costs in FY22.
Capstone Green Energy Corporation (NASDAQ: CGRN) announced an order for five C65 microturbines from Horizon Power Systems for a remote natural gas wellsite in northwestern Colorado. These microturbines will provide low-emission power to a saltwater disposal facility and operate on-site high-pressure natural gas. Capstone's technology is aimed at reducing greenhouse gas emissions, aligning with Colorado's strict methane regulations. The system is expected to be operational by late 2022 and offers lower maintenance costs compared to traditional diesel engines.
Capstone Green Energy (NASDAQ: CGRN) will present at the H.C. Wainwright 24th Annual Global Investment Conference on September 13, 2022, at 11:00 a.m. ET. CEO Darren Jamison is set to discuss the company’s growth and carbon reduction technology. The conference, taking place at the Lotte Palace Hotel, NYC, features over 500 company presentations. Capstone’s technology at the hotel has reduced its carbon footprint by 481 tons annually. Investors can listen to the presentation via a webcast. Details and future meeting scheduling are available through provided links.
Capstone Green Energy Corporation (NASDAQ: CGRN) announced a follow-on order for a C400 Signature Series microturbine from Innovative Energy Corporation for the Terra Nova All-Suite Hotel in Kingston, Jamaica. This system will provide 100% of the hotel's common area electricity, heating, and cooling needs, featuring a combined cooling, heat, and power (CCHP) configuration. Commissioning is expected by November 2023, targeting a 55% reduction in energy consumption and significant greenhouse gas emission cuts of 567 metric tons of CO2e. The development aims for an 85% energy efficiency increase.
Capstone Green Energy Corporation (NASDAQ: CGRN) will participate in the Water Tower Research Fireside Chat Series on September 8, 2022, at 1:00 PM ET. CEO Darren Jamison will provide insights into the company's Energy-as-a-Service (EaaS) business and discuss the favorable impact of the Inflation Reduction Act (IRA). Key topics include recent successes in EaaS, the economic advantages of this model, and its role in the evolving New Energy landscape. Interested investors can register and access a replay of the event.
Capstone Green Energy Corporation (NASDAQ: CGRN) has announced a follow-on 2 MW order from a prominent private company. This new order underscores the growing partnership and reflects customer satisfaction with Capstone's energy solutions. The project is expected to be commissioned later this year, addressing the customer's expanding energy needs that local utilities cannot meet. Capstone's sales team emphasizes the importance of building relationships with large enterprises to enhance future orders. The company continues to demonstrate its commitment to reducing carbon footprints and energy costs.
Capstone Green Energy Corporation (NASDAQ: CGRN) is expanding its Energy-as-a-Service (EaaS) rental fleet to 50 MW, utilizing proceeds from an $8 million public offering. Recently secured orders of approximately 2.2 MW from U.S. oil and gas clients enhance the rental program's offerings. Key contracts include a 1.4 MW deployment in Louisiana and additional power solutions in Alaska. The demand for clean energy solutions is growing, with Capstone's rental services climbing from 7 MW in March 2021 to 34 MW by July 2022, signifying robust market interest.
Capstone Green Energy (NASDAQ: CGRN) has successfully closed its underwritten public offering, raising approximately
Capstone Green Energy (CGRN) has announced the pricing of a public offering of 2,934,498 shares of its common stock, alongside warrants, at a combined price of $2.75 per share. The offering is expected to generate approximately $8.0 million in gross proceeds, aimed at funding working capital and growth initiatives, including expanding its Energy as a Service rental fleet. The offering is set to close on August 23, 2022, subject to customary conditions.
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