Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Share of micro-turbine maker Capstone Turbine Corporation (NASDAQ:CPST) are up 13% today after receiving a new order.
So what: This morning, the company announced orders for two Capstone C800s and a Capstone C1000 for use in two Southern California hospitals. The deals total 2.6 MW and are expected to be commissioned in late 2014.
Now what: This is really business as usual for Capstone and isn't reason to change your investment thesis today. The company still lost $12.9 million in 2013 and barely grew revenue at all, which isn't good for a company that's in an emerging market. This is a company I can't get excited about unti growth picks up significantly or it makes a profit, which both seem far off right now.