Capstone Turbine Corp. received orders for five microturbines for multiple industrial facilities in Mexico. The company’s stock jumped on Monday.
The order was secured by DTC Ecoenergía, the distributor in Mexico for the Van Nuys manufacturer of natural gas-powered microturbines.
Chief Executive Darren Jamison said that Mexico has become one of the largest international markets for Capstone and continues to provide growth opportunities.
“Improving our geographic diversification is a key strategic initiative, and our efforts are resulting in significant new bookings from areas that include Mexico and the rest of Latin America, as well as areas such as Africa, Australia and the Middle East,” Jamison said in a statement.
The microturbines will provide heat and power for industrial facilities in a manner more efficient and environmentally beneficial than utility power.
Shares in Capstone (CPST) closed up 5 cents, or 5 percent, to $1.05 on the Nasdaq.