By market open, shares had gained 3.7% to $2.23.
The turbine generator manufacturer said the two orders, which total three megawatts (MW), are expected to be the first phase of a total 15 megawatts installed over the next three years.
The microturbines will use palm oil milling effluent (POME) biogas, a byproduct of the palm oil extraction process, and will provide all power to the plant's facilities. Capstone estimates POME production at the plants will total more than 50 million cubic meters each year, equivalent to power generation capacity of more than 800 gigawatts.
"Capstone remains committed to expanding our global presence in the food processing industry," said Capstone CEO Darren Jamison in a statement. "We are particularly excited about these two projects in Malaysia and plan to showcase these successful installations as blueprints for future projects."
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TheStreet Ratings team rates CAPSTONE TURBINE CORP as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate CAPSTONE TURBINE CORP (CPST) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been poor profit margins."