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Benzinga
Benzinga
Business
Akanksha Bakshi

Capstone Green Energy Bags 1.6 MW Follow-on Order In Mexico

Capstone (Organization) Mexico CGRN Capstone Green Energy Corp Nasdaq Central America
  • Capstone Green Energy Corp (NASDAQ:CGRN) received a follow-on order for two signature series microturbines totaling 1.6 megawatts (MWs) for a bottling and packaging solutions provider in Mexico. The financial terms were not disclosed.
  • The C1000S and C600S microturbines will be installed in a combined heat and power (CHP) application.
  • Capstone's exclusive distributor DTC Solutions, for Mexico and Central America, secured the order, which is expected to be commissioned before year-end.
  • The order includes a 10-year Factory Protection Plan (FPP) and a long-term service contract.
  • Price Action: CGRN shares are trading higher by 8.25% at $3.15 on the last check Monday.
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