Obama Mentions Penny Stock Capstone Turbine in Speech
HotStockMarket.com penny stock scans revealed increase activity in Capstone Turbine (CPST:NASDAQ), a speech by President Obama ignites a rally in the stock.
- New York, NY (1888PressRelease) March 31, 2011 - The tried and test strategy of following a penny stock that is making new highs in hopes of playing along with the momentum has paid off last week.
Capstone Turbine Corp (CPST:NASDAQ) was the big mover for the past week as the stock closed in on a 100% move from the beginning on the year. Momentum was ignited by a mention of the company by President Obama in his weekly address on Latin America.
In his speech, Obama explained:
"Part of the reason why is the rapid growth of Latin America, and their openness to American business. We now export more than three times as much to Latin America as we do to China, and our exports to the region will soon support more than two million jobs here in the United States. Brazil, the first stop on our trip, is a great example."
Obama continued, mentioning Capstone Turbine:
"In 2010, America's exports to Brazil supported more than 250,000 American jobs. These are jobs at places like Capstone Turbine in California, which recently sold $2 million worth of high-tech energy equipment to Brazil."
At this stage the stock was already in a rally from the $0.70 level, the extra boost from Obama's speech pushed Capstone to touch a high of $2.14 before pulling back to consolidate the run in the $1.75 area.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (CPST:) is the world's leading producer of low-emission microturbine systems, and was the first to market commercially viable microturbine energy products. Capstone Turbine has shipped over 5,000 Capstone MicroTurbine(R) systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone Turbine is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2008 and ISO 14001:2004 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the New York Metro Area, Mexico City, Nottingham, Shanghai and Singapore.