Thanks for the write-up; I'm very excited about another $50M market cap maker of gas/biofuel microturbines called Capstone Green Energy Holdings, Inc. CGEH. They have an over 30 year history with over 10,000 deployments but emerged from bankruptcy about 2 years ago and are starting to regain traction.
The pivot story here is compelling - a 200% increase in Industrial Solutions orders while wind revenue faces headwinds shows managment is executing on diversification. What stands out is how BWEN's 4x growth in gas turbine component sales directly mirrors the broader industry narrative you've outlined with GE Vernova, Siemens, and MHI. The 0.3 P/S ratio seems attractive, but I'd want to see more clarity on how they plan to improve those collapsing margins even as revenue scales. The working capital expansion could indeed signal strong order fulfillment ahead, but it's concerning that margins are deteriorating simultaneously. This might be a case where the turnaround takes longer than the opportunity window suggests.
Thanks for the write-up; I'm very excited about another $50M market cap maker of gas/biofuel microturbines called Capstone Green Energy Holdings, Inc. CGEH. They have an over 30 year history with over 10,000 deployments but emerged from bankruptcy about 2 years ago and are starting to regain traction.
Yeah I have heard so much about them. I should find time to feep dive on them too.
The pivot story here is compelling - a 200% increase in Industrial Solutions orders while wind revenue faces headwinds shows managment is executing on diversification. What stands out is how BWEN's 4x growth in gas turbine component sales directly mirrors the broader industry narrative you've outlined with GE Vernova, Siemens, and MHI. The 0.3 P/S ratio seems attractive, but I'd want to see more clarity on how they plan to improve those collapsing margins even as revenue scales. The working capital expansion could indeed signal strong order fulfillment ahead, but it's concerning that margins are deteriorating simultaneously. This might be a case where the turnaround takes longer than the opportunity window suggests.
Yes. This is exactly why I am not leaning in heavy.
BWEN actually went up 20-30% in this carnage week