Volume Spike Investor

Capstone Turbine Corporation (NASDAQ: CPST) is continuing its strong after-hours trading of last night with pre-market gains on large volume. The earnings were the reason the surface. But its huge backlog now appears to be understated if you consider its services and components backlog, which adds about $10 million according to Sanjay Shrestha of Lazard Capital Markets.

With 45 minutes to go before the open, Capstone has already traded over 300,000 shares. The stock closed yesterday at $3.41 and shares are currently at $3.63. Just keep in mind that shares were at $3.70 (2% higher) just about 15 minutes ago and this is on the heels of a 200% stock gain.

Average Daily Volume: 4.6 million shares
52-Week Trading Range: $0.91 to $4.04
Market Cap: $496 million based on yesterday’s close
OPTIONS: YES

Jon Ogg
June 13, 2008