Alternative energy company Capstone Turbine Corp.’s (NASDAQ:CPST) stock soared Mar. 19 on volume of 24,221,672 shares, more than three times higher than its three-month average volume of 7,025,536 shares.
This sudden surged comes on the heels of the news on Mar. 18 that Capstone had received multiple orders from E-Finity Distributed Generation for microturbines from unnamed customers. They are to be used for oil and gas operations in the Marcellus and Utica Shale regions.
E-Finity Distributed Generation, Capstone's exclusive oil and gas distributor for the Marcellus and Utica Shale plays, secured the nearly 4MW of orders from two of their current customers and one new customer.
One of the repeat customers is once again turning to Capstone and E-Finity to power two of their compressor stations in West Virginia. Each compressor station will have two C600 Capstone Power Packages, providing both primary and backup power.
Another customer of E-Finity, a major midstream company, selected a C800 power package as the three-phase power source for a new compression facility. The C800 will provide the site with primary power, with a spare engine for spinning reserve.
Third Customer is New
The third order came from a new customer who has embarked on a venture to create a midstream system to move wet gas from the Utica Shale in Ohio to processing facilities along the Ohio River in West Virginia.
On Mar. 19, CPST’s share price closed at $2.45, up 9 cents from the share price of $2.36 the previous day.
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American Heritage International Inc. Now Selling Disposable eCigs in 7-11 Stores
Meanwhile, American Heritage International Inc. (OTCQB: AHII) stock volume also skyrocketed Mar. 19, with 1,494,659 shares changing hands, more than nine times its three-month average volume of 165,053 shares.
The Las Vegas-based disposable e-cigarette maker’s stock volume continued surge is being fueled in part by the company’s announcement that it has secured product placement listings of its premium brand of disposable electronic cigarettes in a select number of 7-Eleven stores in the state of Florida.
"This is an important milestone for our company, as every E-Cigarette company wants to be in 7-Eleven and we have done just that,” CEO of American Heritage Anthony Sarvucci, said, in a written statement.
This is just the first of a spate of positive news surrounding the company. On Mar. 1, American Heritage announced that its product is now on the shelves in an additional 251 stores, bringing the number of stores in which customers can purchase the brand to more than 400.
American Heritage’s Footprint Growing
Through these distributions, American Heritage has expanded its footprint in California, Florida, Texas, and New Mexico while entering new markets in New York and Oklahoma. Customers in these states should visit the American Heritage website, click on 'Stores', and enter their zip code to find the nearest location.
“In less than a week we have more than doubled our retail placement and broken through into the key state of New York. A number of large national retail outlets such as 7-11 are represented in our distribution portfolio and we are focused on nurturing an ongoing relationship with our retail partners,” said CEO Sarvucci, in a written statement.
On Mar. 19, AHII’s share price closed at $1.56, up 8 cents from the share price of $1.48 the previous day.
Find out what could be the best investor’s move when it comes to AHII by getting the complete report here, or by cutting and pasting the following link in your Web browser:
No Update on Frozen Food Gift Group’s Merger
In other news, Frozen Food Gift Group Inc. (OTCQB: FROZ) stock volume was robust Mar. 19, with 67,246,080 shares changing hands, significantly higher than its three-month average volume of 45,261,557 shares.
What’s behind the soaring stock volume is anybody’s guess because there has been no news coming from the San Diego-based development stage company since Feb. 10 when it announced it was merging with APT Group, Inc., a manufacturer and distributor of technologically advanced, environmentally friendly utility and power-sports products.
In its original description Frozen Food Gift Group said it was an e-commerce retailer that sells and ships frozen desserts, ice cream, ice cream cakes, ice cream sundae party boxes and associated food products to consumers and business customers.
There has been no update on the proposed merger.
On Mar. 19, FROZ’s share price closed at 1 cent, unchanged from the share price of the previous day.
Find out what could be the best investor’s move when it comes to FROZ by getting the complete report here, or by cutting and pasting the following link in your Web browser:
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