Boston, MA 08/15/2014 (wallstreetpr) – Capstone Turbine Corporation (NASDAQ:CPST)’s stock was surging in Thursday trading session by highs of 2.68%, closing the day at a high of $1.15 after the service Microturbine Technology Company announced it had secured a follow-on-order on six C600s. The orders total 3.6 megawatts from an exploration and production company currently operating in the Marcellus and Utica Shale plays.
Quality of Capstone Products
The six orders are for the installation of three different compressor stations in the shale plays having been secured by E-Finity Distributed generation. Capstone Turbine Corporation (NASDAQ:CPST) has already been selected’ by one of E-Finity’s natural resource customers for the powering of three more compressor stations. Each of the compressors will have two C600 Power packages able to output 1.2MW primary power.
Capstone Turbine Corporation (NASDAQ:CPST) was chosen in this case because of its highly reliable Microturbine technology and due to the remoteness of the sites as well as the costs of extending the local grid. Low emissions of the turbines and low life cycle costs also acted as one of the determinant factors in the selection of Capstone. As shale gas production continues to show steady growth, Capstone remains well positioned to benefit from the same at the back of its high-quality range of diversified products.
Growth of Shale Productions
Exploration and production companies are set to continue with drilling operations in the Shale regions something that should be of great benefit to Capstone Turbine Corporation (NASDAQ:CPST) especially with its reliable and low emission Microturbines that continue to be highly preferred in the industry. The U.S Geological Survey already suggests that the Utica Shale may contain up to 38 trillion cubic feet of undiscovered natural gas; meaning more tools for exploration and drilling will be needed in the long term.
The Marcellus shale play is expected to play a significant role in the ever-growing natural gas landscape as is expected to be the biggest driver of U.S gas production in the future.
