FREE Breaking News Alerts from StreetInsider.com!
E-mail Address
Top NewsMost Read Highlighted
Get AlertsCPST Hot Sheet
BUY ( Down)
Capstone Turbine Corporation (Nasdaq: CPST) reports that it received new orders in January from its German distributor E-Quad Power Systems GmbH. The orders include two C1000 packages, one C200, 14 C65s and four C30s, totaling approximately $2.9 million in product expected to ship in the next six months.
In November Bloomberg’s Business Week declared it official that Europe was in a double-dip recession. Bloomberg reported that the 17-country euro zone has fallen into its second recession since 2008, as figures released on November 15th showed gross domestic product declining 0.1 percent during the third quarter. That followed a 0.2 percent contraction during the previous three months, according to the European Union’s statistics office.
Bloomberg also reported there were some unexpected bright spots. Germany and France posted 0.2 percent quarter-on-quarter growth, ahead of expectations. Even some of the region’s most troubled economies suffered relatively modest contractions, including 0.3 percent in Spain and 0.2 percent in Italy.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items – JOIN NOW