Boston, MA 03/05/2014 (wallstreetpr) – Capstone Turbine Corporation (NASDAQ:CPST) is $583 million market capped company. The company functions in the provision of microturbine systems. Its microturbines can be used in critical power supply and renewable energy. Moreover, the microturbines are finding increasing usage as battery charging systems, especially for electric and hybrid vehicles.
For anyone who has been following the auto industry of late, there is a lot of buzz around electric vehicles and car brands like Model S from Tesla Motor Inc (NASDAQ:TSLA) are promising to completely change the world’s view of locomotives. Thus, Capstone Turbine Corporation (NASDAQ:CPST) which is involved in battery charging solutions is poised to benefit from the robust growth in electric vehicle industry.
As if that is not enough, healthcare facilities are also after critical power supply and combined heat and power. Thus, they are turning to suppliers like Capstone Turbine Corporation (NASDAQ:CPST) which have the tested and proven solutions in such areas.
Recently, Capstone Turbine Corporation (NASDAQ:CPST) announced orders from Regatta Solutions. The orders involve supply of two Capstone C800s and a Capstone C1000. These microturbines will be used in two unidentified hospitals in Southern California.
Along with the healthcare order came praises for Capstone Turbine Corporation (NASDAQ:CPST). Regatta Solutions vice president Kenda Burkhart observed that it was great for his organization to continue its adoption of Capstone Turbines solutions. He went on to say that such technology was not just a blessing to the healthcare industry in terms of the direct solution that it offers, but that there were other benefits such as reducing operating expenses.
It occurs to many business leaders today that implementing the kind of technology that Capstone Turbine Corporation (NASDAQ:CPST) offers is beneficial in more ways than one. One of them as already pointed out by Regatta executive. There are also the benefits of promoting clean and green energy technology and overall efficiency.
More to be done
While the future looks bright for Capstone Turbine Corporation (NASDAQ:CPST), the company still has a lot of ground to cover in order to take advantage of the market opportunities. The fact that it lost roughly $12 million in 2013 and that there was barely any growth in revenue in the year are reasons to be concerned about. Thus, increasing expansion of market is an important area to focus on if profits are to be realized.
Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. We may be compensated for posting this content on our website by EDM Media LLC. For questions, comments or suggestions please contact firstname.lastname@example.org.