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: Shares of Capstone Turbine Corporation (NASDAQ:CPST) jumped as much as 11.3% today as the stock recovers from last week's losses.

So what: The only real news out today was Capstone naming Richard B. Lewis as vice president, operations, effective immediately. Lewis has 29 years of manufacturing experience and will be in charge of making sure cost cutting goes through as planned and margins improve long term.  

Now what: The bigger driver today may be a "dead cat bounce," or a recovery in shares that recently sold off. Shares were down 22% last week after preliminary earnings came in lower than expected and another dilutive share offering was announced. Neither are good news items, but investors are still interested in the shares and by noon EDT shares have already reached their average daily volume.

Given the continued losses, regular dilution, and competition from other energy sources, I don't see any reason to buy shares on this bounce. The news has been nothing but bad recently and until Capstone's management can prove it can make a profit and generate positive cash flow I'll stay far away from shares.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.