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Benzinga
Benzinga
Business
Akanksha Bakshi

Capstone Green Energy Increases DSS Program Fee To Support EaaS Business

CGRN Capstone Green Energy Corp
  • Capstone Green Energy Corp (NASDAQ:CGRN) revealed an increase in its Distributor Support System or DSS program fee to support the expanding EaaS business.
  • Capstone Green anticipates receiving an estimated $2.8 million in FY22.
  • The company expects the increased DSS fee combined with expense reduction plan to improve financial performance and help reach its goal of consistent quarterly positive adjusted EBITDA.
  • The DSS program adds diversity to the company’s EaaS revenues, including long-term rentals, long-term service agreements, spare parts, and engineering services.
  • Price Action: CGRN shares are trading higher by 3.21% at $4.18 on the last check Monday.
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