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11-30-2016,
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Cramerâ?‚??„?s recent recommendation on Capstone Turbine (CPST) because of a purported deal with Wal-Mart (WMT) has produced a flurry of activity, sending the stock up over 30% at its high after his recommendation. His recommendation, however, has produced a backlash among some in the financial community.
Herb Greenbergâ?‚??„?s Reality Check column entitled â?‚??“Countering Cramer on Capstoneâ?‚?? has these key points (subscription required):
* A Wal-Mart spokesman said Wal-Mart did not purchase anything directly from Capstone
* Wal-Mart bought a power generation system from UTC Power, with the system containing 6 Capstone microturbines.
* No decision has been made to expand this project to other Wal-Mart stores
Cramerâ?‚??„?s recent recommendation on Capstone Turbine (CPST) because of a purported deal with Wal-Mart (WMT) has produced a flurry of activity, sending the stock up over 30% at its high after his recommendation. His recommendation, however, has produced a backlash among some in the financial community.
Herb Greenbergâ?‚??„?s Reality Check column entitled â?‚??“Countering Cramer on Capstoneâ?‚?? has these key points (subscription required):
* A Wal-Mart spokesman said Wal-Mart did not purchase anything directly from Capstone
* Wal-Mart bought a power generation system from UTC Power, with the system containing 6 Capstone microturbines.
* No decision has been made to expand this project to other Wal-Mart stores