Capstone Green Energy ( NASDAQ: CGRN ) +1.9% pre-market on Wednesday after announcing newly secured orders totaling ~2.2 MW from four U.S.-based oil and gas customers, none of them identified by the company.
The new orders include a 1.4 MW long-term rental contract to be deployed early next year in Louisiana; an additional six C65 microturbines totaling 390 kW of rental power in U.S. shale fields; and 400 kW of power generation to an oil and gas operator on Alaska's North Slope at an existing rental location.
"Capstone is seeing strong customer demand across industries for its EaaS long-term rental services, which had 7 MW under contract in March 2021, 26 MW under contract in March 2022, and 34 MW under contract at the end of July," Capstone ( CGRN ) President and CEO Darren Jamison said.
Capstone Green Energy ( CGRN ) shares plunged last week following an ~$8M securities offering .
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Capstone Green Energy unveils 2.2 MW of new oil and gas rental contracts