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Sunday 21 June 2015
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Melting Stocks update: United Rentals, (NYSE:URI), Capstone Turbine (NASDAQ:CPST), Sanchez Energy (NYSE:SN)

On Thursday, United Rentals, Inc. (NYSE:URI)’s shares declined -9.14% to $94.95.

United Rentals, Inc. (URI) disclosed the further expansion of its specialty branch network with the addition of eight U.S. locations and two in Canada:

  • The United Rentals Pump Solutions branches in Atlanta, Ga., Carlsbad, N.M., Elmwood Park, N.J., Hayward, Calif., Saskatoon, Sask., and Prince George, B.C., will provide fluid transfer solutions for industrial and commercial applications ranging from high volume and high pressure pumps to small, portable units, including custom fabrication.
  • The United Rentals Tool Solutions branches in Charlotte, N.C., and Ridgefield Park, N.J., will provide temporary and long-term onsite tool management, including inventory tracking, inspections and maintenance.
  • The United Rentals Power & HVAC branch in Amarillo, Texas, will provide engineered power, heating, cooling and ventilation solutions for commercial, industrial and governmental customers, and disaster recovery services.

United Rentals, Inc., through its auxiliaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench Safety, Power and HVAC (heating, ventilating and air conditioning), and Pump Solutions. The company offers about 3,300 classes of equipment for rent to construction and industrial companies, manufacturers, utilities, municipalities, homeowners, government entities, and other customers.

Capstone Turbine Corporation (NASDAQ:CPST)’s shares dropped -8.53% to $0.459.

Capstone Turbine Corporation (CPST) will release financial results for the fourth quarter and fiscal year ended March 31, 2015 at 1:45 p.m. Pacific Time (4:45 p.m. Eastern) on June 15, 2015.

Capstone Turbine Corporation develops, manufactures, markets, and services micro turbine technology solutions for use in stationary distributed power generation applications worldwide.

At the end of Thursday’s trade, Sanchez Energy Corp (NYSE:SN)‘s shares dipped -7.30% to $10.16.

Sanchez Energy Corp (SN) declared that Gleeson Van Riet has been named Senior Vice President and Chief Financial Officer of the Company, effective right away.

Prior to this appointment, Mr. Van Riet served as Senior Vice President, Capital Markets and Investor Relations, since April 2013 and as Interim Co-Chief Financial Officer since March 2015.

Sanchez Energy Corporation, an independent exploration and production company, focuses on the acquisition, exploration, and development of unconventional oil and natural gas resources in the onshore U.S. Gulf Coast. It has about 226,000 net leasehold acres in the oil and condensate, or black oil and volatile oil, windows of the Eagle Ford Shale in South Texas; and about 69,000 net leasehold acres in the Tuscaloosa Marine Shale in Mississippi and Louisiana.

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