Boston, MA 03/12/2014 (wallstreetpr) – Capstone Turbine Corporation (NASDAQ:CPST) has set clear goals for fiscal 2014. The company is looking to increase its revenue and complete the year with positive earnings. The management believes that these are possible and indeed, there are signs that entering profitability is now real than ever before for the company.
In moves that are seen to be enabling the achievement of profitability for the company, Capstone Turbine Corporation (NASDAQ:CPST) is winning good business with its microturbines products. The sale of microturbines is expected to increase given that they are a source of the much-needed power solution for institutions such as hospitals.
Shares of Capstone Turbine Corporation (NASDAQ:CPST) were up significantly Tuesday on big volume. The shares rose 11.22 percent to $2.18 in the regular session. Shares also escalated in the day to a new 52-week high at $2.42. That was a multiyear high for the stock. Since end of 2012 shares of CPST have surged more than 166 percent and 85 percent since December 31, last year.
Growth driver
As alternative energy solutions continue to gain currently, Capstone Turbine Corporation (NASDAQ:CPST) is also getting excited given that it is a provider of microturbines used in electrical power generation. The microturbines are preferred because they have low maintenance cost, and they also need no coolants or lubricants.
The besides facilities like hospitals taking advantage of the microturbines because of their low operating cost, the turbines have also attracted interest in hybrid vehicles as range extenders. Thus, as hybrid and all-electric vehicles like those manufactured by Tesla Motor Inc (NASDAQ:TSLA) gain traction among drivers, manufacturers of alternative clean energy solutions like Capstone Turbine Corporation (NASDAQ:CPST) are also partaking in the benefit of that growth.
Improving performance
Capstone Turbine Corporation (NASDAQ:CPST) is revealing improving performance. Although the company reported a loss in the most quarter, the loss was smaller compared with what was realized a year ago. Revenue was also up by double digits to $37 million. The management is optimistic that more deals for microturbines like the one it inked last week with Regatta Solutions are still to come.
