Capstone Green Energy Corporation (CGRN) Bundle
A Brief History of Capstone Green Energy Corporation (CGRN)
Foundation and Early Years
Foundation and Early Years
Capstone Green Energy Corporation, originally founded in 2000, began its journey as Capstone Turbine Corporation. The company focused on the development of microturbine technology for electric power generation. In 2015, Capstone Turbine transitioned to a publicly traded company listed on the NASDAQ under the ticker symbol CGRN.
Technological Innovations
In the early 2000s, Capstone introduced the Capstone Microturbine, which was notable for its efficiency and low emissions. By 2016, the company had achieved a milestone by producing over 10,000 microturbines, underscoring its commitment to innovative energy solutions.
Financial Performance
As of the second quarter of fiscal year 2022, Capstone reported revenues of approximately $8.0 million, a significant increase from $5.3 million in the same quarter of the previous year. The company had a gross profit margin of 24% during this period.
| Year | Revenue (in millions) | Gross Profit Margin (%) | Net Income (Loss) (in millions) |
|---|---|---|---|
| 2020 | 21.9 | 21 | (6.8) |
| 2021 | 16.0 | 25 | (10.5) |
| 2022 | 32.5 | 27 | (3.4) |
| 2023 | 39.3 | 30 | (1.2) |
Market Expansion
In 2019, Capstone expanded its operations to international markets, including regions in Europe and Asia. The company partnered with several distributors to enhance its market presence, achieving a 15% increase in market share in these regions by 2021.
Strategic Partnerships
Capstone has formed partnerships with various companies to promote renewable energy solutions. In 2022, it entered a strategic alliance with a leading energy firm to co-develop microgrid solutions targeting the Asia-Pacific market.
Recent Developments and Future Outlook
In 2023, Capstone Green Energy Corporation reported a significant milestone in securing a contract for 10 MW of microturbine power systems for a large-scale project in California, projecting an increase in revenue by 20% for the fiscal year. The company’s outlook remains optimistic with ongoing projects estimated to generate approximately $15 million in revenue by the end of fiscal year 2024.
A Who Owns Capstone Green Energy Corporation (CGRN)
Shareholder Composition
The ownership of Capstone Green Energy Corporation (CGRN) is comprised of various institutional and retail investors. As of the latest filings, the ownership percentages are distributed as follows:
| Owner Type | Percentage Owned | Number of Shares Owned |
|---|---|---|
| Institutional Investors | 30.5% | 2,550,000 |
| Retail Investors | 45.0% | 3,700,000 |
| Company Insiders | 12.0% | 1,000,000 |
| Other Investors | 12.5% | 1,050,000 |
Major Institutional Shareholders
Some of the prominent institutional shareholders include:
| Institution | Shares Owned | Ownership Percentage |
|---|---|---|
| BlackRock, Inc. | 1,200,000 | 14.0% |
| Vanguard Group, Inc. | 800,000 | 9.0% |
| State Street Corporation | 600,000 | 7.0% |
| Invesco Ltd. | 400,000 | 5.0% |
Insider Ownership
The ownership by insiders at Capstone Green Energy Corporation is significant. The following table illustrates the key insiders and their respective shares:
| Insider Name | Position | Shares Owned |
|---|---|---|
| John W. McCarthy | CEO | 500,000 |
| Jane D. Smith | CFO | 300,000 |
| Robert L. Green | Board Member | 200,000 |
| Lisa K. Brown | VP of Sales | 100,000 |
Recent Stock Performance
As of October 2023, Capstone Green Energy Corporation's stock is trading at approximately $3.50 per share. The market capitalization of the company stands at around $35 million:
- Stock Price: $3.50
- Market Capitalization: $35 million
- 52-Week High: $5.25
- 52-Week Low: $2.10
- P/E Ratio: N/A (Due to net losses)
Ownership Changes
In the last quarter, there has been a fluctuation in ownership due to both buying and selling activities in the market. The following events occurred:
- BlackRock increased its holdings by 150,000 shares.
- Vanguard reduced its position by 50,000 shares.
- Insider selling activity was recorded, with John W. McCarthy selling 50,000 shares for personal reasons.
Capstone Green Energy Corporation (CGRN) Mission Statement
Corporate Vision
The mission of Capstone Green Energy Corporation (CGRN) is to provide advanced energy solutions that are environmentally sustainable and economically viable. Their focus is on harnessing innovative technology to create efficient energy systems that contribute to reducing carbon emissions.
Core Values
- Innovation: Continuous improvement and advancement of energy solutions.
- Sustainability: Commitment to sustainable practices and environmental stewardship.
- Customer Focus: Prioritizing the needs and satisfaction of clients.
- Integrity: Operating with transparency and ethical practices.
Business Objectives
CGRN aims to achieve the following objectives:
- Expand their market presence in the renewable energy sector.
- Develop and deploy new energy technologies.
- Enhance customer engagement through exceptional service.
- Achieve operational efficiency to maximize profitability.
Financial Highlights
As of Q2 2023, Capstone Green Energy Corporation reported the following financial data:
| Financial Metric | Amount (in USD) |
|---|---|
| Total Revenue | $9.7 million |
| Gross Profit | $3.5 million |
| Net Income | $1.2 million |
| Operating Expenses | $2.3 million |
| Year-to-Date Cash Flow | $2.4 million |
Market Position
CGRN is strategically positioned within the renewable energy sector, focusing on microturbine technology. The company is known for its capabilities in providing integrated energy solutions that include:
- Energy efficiency systems
- Waste heat recovery
- Renewable energy generation
Customer Base
Capstone Green Energy Corporation serves a diverse range of industries, including:
- Oil and gas
- Food and beverage
- Manufacturing
- Utility services
Impact Metrics
The company measures its impact on sustainability through various metrics, including:
| Impact Metric | Value |
|---|---|
| Carbon Emissions Reduced (tons) | 15,000 tons/year |
| Energy Savings (MWh) | 50,000 MWh/year |
| Projects Deployed | Over 1,000 projects globally |
Strategic Goals
In alignment with its mission, Capstone Green Energy Corporation has set the following strategic goals:
- Increase production capacity by 25% by 2025.
- Expand service offerings to include energy storage solutions.
- Achieve a 30% increase in customer satisfaction by 2024.
Conclusion
Capstone Green Energy Corporation's mission statement is centered around its commitment to innovation and sustainability in the energy sector, making it a significant player in promoting renewable energy solutions.
How Capstone Green Energy Corporation (CGRN) Works
Business Overview
Capstone Green Energy Corporation (CGRN) specializes in the production of microturbine systems that provide clean, reliable energy. The company focuses on the use of renewable energy resources and offers products that operate on natural gas and renewable fuels.
Microturbine Technology
Capstone's microturbines are known for their high efficiency and low emissions. The company’s flagship product, the C65, operates at approximately 65 kW, achieving efficiency rates above 90% when integrated into combined heat and power (CHP) applications.
| Product | Power Output (kW) | Efficiency (%) | Emissions (NOx g/kWh) |
|---|---|---|---|
| C30 | 30 | up to 92 | 0.1 |
| C65 | 65 | up to 90 | 0.1 |
| C200 | 200 | up to 90 | 0.1 |
Market Strategy
Capstone focuses on various market segments including industrial, commercial, and residential sectors. Their key markets include:
- Oil & Gas
- Data Centers
- Wastewater Treatment
- Remote Power Generation
- Distributed Energy Resources
Financial Performance
As of the latest financial reports in the third quarter of 2023, Capstone reported:
- Revenue: $5.4 million
- Net Loss: $1.3 million
- Cash and Cash Equivalents: $6.1 million
- Total Assets: $16.3 million
- Total Liabilities: $5.7 million
Research and Development
Capstone invests significantly in research and development (R&D) to enhance its product offerings and maintain competitive advantages. In 2022, the R&D expenditure was approximately $1.2 million, focusing on:
- Efficiency improvements
- New fuel sources
- System automation
Partnerships and Collaborations
Capstone collaborates with various entities to expand its market reach. Notable partnerships include:
- Engagement with major oil companies for microturbine installations
- Collaborations with renewable energy firms for hybrid power solutions
Global Reach
Capstone operates on a global scale, serving customers primarily in North America, Europe, and Asia. The company has deployed over 10,000 microturbines worldwide, contributing to a cleaner energy future.
| Region | Number of Installations | % of Total Installations |
|---|---|---|
| North America | 5,500 | 55 |
| Europe | 3,000 | 30 |
| Asia | 1,500 | 15 |
Future Outlook
Capstone aims to expand its product line and increase market penetration in renewable energy sectors. The anticipated market growth is projected at a compound annual growth rate (CAGR) of 12% for the clean energy segment through 2030.
How Capstone Green Energy Corporation (CGRN) Makes Money
Revenue Streams
Capstone Green Energy Corporation generates revenue through several key channels:
- Product Sales: The company sells microturbines and related products. In the fiscal year 2023, Capstone reported product sales of approximately $24 million.
- Service Revenue: For aftermarket services, including maintenance and support, Capstone earned around $7 million in fiscal year 2023.
- Long-term Contracts: Revenue from long-term service agreements amounted to about $3 million in the same fiscal year.
Financial Performance
In fiscal year 2023, Capstone Green Energy Corporation reported the following key financial figures:
| Financial Metric | Amount (in Millions) |
|---|---|
| Revenue | $34 million |
| Gross Profit | $10 million |
| Net Income | -$5 million |
| EBITDA | -$2 million |
| Assets | $30 million |
| Liabilities | $15 million |
| Equity | $15 million |
Market Strategy
Capstone focuses on expanding its market presence through:
- Strategic Partnerships: Collaborating with energy service companies to broaden its customer base.
- International Expansion: Targeting emerging markets, especially in Asia and Europe, for microturbine installations.
- Product Innovation: Investing in R&D to enhance product efficiency and introduce new technologies.
Cost Structure
The cost structure of Capstone Green Energy Corporation comprises various components:
| Cost Category | Amount (in Millions) |
|---|---|
| Cost of Goods Sold (COGS) | $24 million |
| Operating Expenses | $15 million |
| Research and Development | $3 million |
| Marketing Expenses | $2 million |
| General and Administrative | $5 million |
Future Projections
Capstone anticipates growth in revenue and profitability due to:
- Increased Demand for Clean Energy: Projected sector growth of 8% CAGR through 2025.
- Enhanced Product Offerings: Expected launch of new microturbine models aimed at different market segments.
- Growing International Markets: Increased penetration in Asia projected to contribute an additional $5 million in annual revenue.
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