Capstone Turbine Corp. has regained compliance with Nasdaq’s minimum pricing requirement, the company announced Tuesday. The manufacturer of microturbine energy systems received a letter from the Nasdaq Stock Market stating that the company’s common stock has remained at $1 or more for 10 consecutive business days. As a result, the Encino-based manufacturer is once again in compliance with Nasdaq standards, the letter stated. Capstone’s stock price rose to $3 on Nov. 9 and has remained above $1 since. Before then, the company’s common stock did not trade for over $1 for more than a year – since Nov. 5 of last year. “We value our Nasdaq listing, as it is important to our company, stockholders and customers, and we are pleased to have regained compliance on the market,” Darren Jamison, president and chief executive of Capstone, said in a prepared statement. Capstone shares closed down 5 cents or 2.5 percent to $1.79 on the Nasdaq.
