What Next For Globalstar Inc. (GSAT), Midstates Petroleum Company Inc (MPO), And Capstone Turbine Corporation (CPST)?
New York, NY – GDP INSIDER – 12/31/2014.
Investors are worried about the future Globalstar, Inc. (NYSEMKT:GSAT). The company owns a communications technology that is said could become obsolete in the near future. The 2.4 GHz spectrum is being overtaken by events as people transition to 5 GHz technology. According to analysts, the advantages of 2.4 GHz are now becoming its disadvantages, and that puts GSAT in a bad position. For example, the increase in connected devices means that the easy penetration of 2.4 GHz spectrum is a likely to cause interference, which is why 2.4 GHz is being by-passed in favor of 5 GHz.
Globalstar, Inc. (NYSEMKT:GSAT) has been seeking to transform the offering of its 2.4 GHz spectrum, but there is no assurance that it will succeed.
Midstates Petroleum Company Inc (NYSE:MPO) has announced plans to relocate its corporate headquarters. The company also announced a new hire to help with the transition even as it seeks to establish the best system to help it exploit commercial opportunities in oil and gas industry.
The company wants to move its headquarters to Tulsa from Houston. The changes are expected to take place in early 2015. However, in a regulatory filing, the company said that it understood that some of its employees may be unwilling to relocate to Tulsa. As such, they may
be faced with the challenge of hiring new talents to replace the lost ones.
Meanwhile, Midstates Petroleum Company Inc (NYSE:MPO) tapped Mark Eck, a veteran in the operations of oil companies, to be its COO. Eck will particularly help with the headquarters transition.
Capstone Turbine Corporation (NASDAQ:CPST) has been in a struggle this year that analysts at FBR moved to cut their target price on the stock. FBR lowered target price on the microturbine manufacturer to $2 from $2.50.
However, investors have not lost their love for Capstone Turbine Corporation (NASDAQ:CPST) for the simple reason that there is light at the end of the tunnel. The company’s microturbines are helping oil and gas companies to lower their operating costs. As such, the decline in oil prices is expected to increase the demand for the microturbines as companies look for ways to lower costs and maximize profits.
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