Capstone Green Energy Corp. (CGRN), a company designing, assembling, and manufacturing microturbine power generation systems, has declined 7.14% in aftermarket trading session and consequently, is trading at $4.55 at the time of this writing. The stock is on a decline presumably due to recent developments related to the energy sector, like an increase in oil prices as a result of the OPEC meeting, which ultimately has affected the business of Capstone. On Friday, CGRN stock increased 1.66% during regular trading hours and closed the day at $4.90.
3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
CGRN secured the contract for two C1000S microturbines
On 7th October, CGRN stock surged 6% after the announcement by the company that it had secured a contract for two C1000S microturbines for the state of the art energy systems for an industrial grow operator’s Maryland cultivation and processing facility. The order was secured by E-Finity Distributed Generation, which is Capstone’s exclusive partner for the Southeastern United States, Caribbean and Mid-Atlantic. The order is expected to be commissioned in the summer of 2022. According to the agreement, two natural gas-fueled C1000 Signature Series microturbine energy systems of Capstone would use their waste heat for two exhaust-fired absorption chillers. These chillers would produce 880 tons of chilled water which would be used for the space conditioning of 90,000 square foot facility. The system would be capable of islanding from the electric utility in case of a power outage. It would provide continuous operation to the grow facility.
Q1 2022 financial results
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free. .
On 11th August, CGRN reported the financial results for the first quarter of the fiscal year 2022 which ended on 30th June 2021. The company had cash and cash equivalents of $49.21 million on 30th June. The total assets stood at $113.71 million while the total liabilities remained at $91.20 million. The company generated $16.08 million in terms of total revenue during three month period, against $14.19 million during the same period of fiscal 2021. The total cost of goods sold was $13.43 million for three month period against $10.82 million for the same period of fiscal 2021. The gross margin for the quarter was $2.64 million against $3.37 million for the same quarter of 2020. The total operating expenses for three month period were $6.20 million against the total operating expenses of $3.91 million for the same period of fiscal 2021. The net loss for three month period was $2.18 million (or $0.16 per basic and diluted share) against $1.82 million (or $0.17 per basic and diluted share) for the same period of 2020.
Future of CGRN stock
CGRN stock has increased more than 11% during the last month, mainly on the back of a tumultuous situation for the oil and gas industry as well as major developments in front of green energy. But with the oil and gas sector bouncing back, it could partially affect the performance of CGRN in near future. In the long run, however, CGRN stock is expected to depict a strong performance.