Boston, MA 10/16/2014 (wallstreetpr) – Capstone Turbine Corporation (NASDAQ:CPST) saw its share price balloon upwards by more than 8 percent after it announced yesterday that it has secured a order to design and manufacture one megawatt heating and hot water plant which would power a huge residential project in Masan province of South Korea.
The order would he executed by Yongwon Total Solution, which is the South Korean partner of Capstone Turbine Corporation (NASDAQ:CPST). The heat generator is a “gas-fired Capstone C1000 microturbine” based solution which has been found very suitable for residential complex requirements.
The use of the new technology for meeting the heating needs of the apartment complex is expected to drive down the overall cost of the project in addition to exerting less pressure on the local utility providers.
Mechel OAO (ADR) (NYSE:MTL) Reported its 1H 2014 Financial Results on 14th October. It reported revenue of $3.4 billion for the six months period. It also managed to post $250 million under its Consolidated EBITDA header.
It reported that net loss for the six months operation period has crossed $648 million. Mechel OAO (ADR) (NYSE:MTL) Chief Executive Officer Oleg Korzhov has sought more time from the investor community to turn around the company. He has indicated that the large scale debt restructuring process the firm went through recently has started to take effect.
He also indicated that the working capital situation too is much improved in comparison to previous quarters. The stock surged 8.8 percent during yesterday’s trading to end the day at $0.870.
Axiall Corp (NYSE:AXLL) in association with The National Association of County and City Health Officials has authored a new report titled “Looking for Trouble—Seeing Eye-to-Eye with Health Inspectors.” The report throws light on the current state of affairs prevalent in the commercial pool operations sector. The report has identified multiple pool rules and water safety violations that are taking place in the industry.
