Capstone Green Energy ( NASDAQ: CGRN ) +9.8% pre-market after saying its authorized distributor in Australia received an order for a C800 Signature Series microturbine to power a remote oil and gas site and provide ancillary power to a compressor station.
Capstone ( CGRN ) said the order is the fifth microturbine order from the customer, which it did not name; deal terms also were not disclosed.
"Modular Capstone C1000 series turbines enable each site to be supplied with a uniform package, but tailored to each site's maximum power demand," according to Kane Ravenscroft, Sales and Marketing Director for Optimal Group, Capstone's ( CGRN ) distributor in the area.
After breaching debt covenants last year, Capstone Green Energy ( CGRN ) "continues to struggle with the near-term requirement to refinance $51M in senior secured notes issued to a division of Goldman Sachs," Henrik Alex writes in an analysis posted recently on Seeking Alpha .
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Capstone Green Energy wins follow-on order from Australian energy company