CAPSTONE NETS 2 DEALS FOR TURBINES.Byline: Robert Monroe Staff Writer CHATSWORTH - Capstone Turbine Capstone Turbine Corporation NASDAQ: CPST, incorporated in 1988, is a California based gas turbine manufacturer that specializes in microturbine power and heat cogeneration systems. Capstone has sold and shipped more than 3,000 of these one-moving-part systems worldwide. , a provider of alternate electricity generation, struck one deal with an automaker and finished another deal to offer power to much of Chicago, it has announced. Hyundai Motor said it will install and test Capstone's gas turbine generator in a sport utility vehicle. Electricity seller Alliant Energy Alliant Energy Corporation (NYSE: LNT) is a public utility holding company that incorporated in Madison, Wisconsin in 1981. It is comprised of several subsidiaries: [1] will market freestanding turbines to small businesses in the midwestern city and its suburbs. Despite that, Capstone stock continued to drop further from its summertime highs thanks to fickle investors. Shares were down 31 cents, or 5.8 percent, to close at $53.69 on heavy volume a month after trading as high as $98.50. Not even Thursday's strong showing in the IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. of another energy company, TNPC TNPC Taiwanese New PC Consortium TNPC Traffic Network Planning Center , revived Capstone, itself one of the biggest IPO success stories of the season. ``This is a retail-driven universe, and sometimes people move stock for irrational reasons,'' said Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street. analyst Masroor Siddiqui. ``I'd be surprised if (Capstone) didn't bounce back.'' The deals show continued interest in Capstone's product, low-emission turbines with a minimum of moving parts Moving parts are the components of a device that undergo continuous or frequent motion, most commonly rotation. "Parts" only include the mechanical components which does not include fuel, or any other gas or liquid. . Alliant, an investor in Capstone, said it will launch a marketing campaign within the next few months targeting convenience stores, motels and other businesses that could get all their electricity from one turbine. The company said it serves more than 1 million customers in Illinois, Minnesota, Iowa and Wisconsin. ``Chicago has had many of the same reliability problems as California has had,'' said Alliant spokesman John Ruff. ``Today there is a need for this kind of technology, especially in the bigger metropolitan areas.'' Korea's largest automaker said it would begin testing hybrid engines in its Santa Fe SUVs in the first half of 2001 and in Hyundai commercial vehicles in 2002. The engines could run on a variety of fuels including compressed natural gas Compressed Natural Gas (CNG) is a substitute for gasoline (petrol) or diesel fuel. It is considered to be an environmentally "clean" alternative to those fuels. It is made by compressing natural gas (which is mainly composed by methane (CH4 . Four Los Angeles Department of Transportation buses are powered by Capstone microturbines. |
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