Capstone Energy up on turbine order for Argentina natgas compression facility
BUZZ-Capstone Energy up on turbine order for Argentina natgas compression facility ** Shares of US energy company Capstone Energy+ CEPL.O rise 2.4% to $4.59 premarket
** Company receives a 2.6 megawatt order and shipped two C1000S gas turbines and one C600S turbine to supply electricity to a remote natural gas compression plant in Argentina
** CEPL adds that the systems are expected to provide prime power for a new natural gas compression facility in Río Negro Province that is expected to supply natural gas to an LNG export facility
** The systems are expected to be commissioned in August 2027
** Up until last close, stock down 11.11% YTD
(Reporting by Tyakshi Singh in Bengaluru)
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