Zacks Investment Research cut shares of Capstone Turbine Corp. (NASDAQ:CPST) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

According to Zacks, “Capstone Turbine Corp. develops, designs, assembles and sells Capstone MicroTurbines. Capstone MicroTurbines provide power at the site of consumption and to hybrid electric vehicles that combine a primary source battery with an auxiliary power source, such as a microturbine, to enhance performance. The Capstone MicroTurbine combines sophisticated design, engineering and technology to produce a reliable and flexible generator of electricity and heat for commercial and industrial applications. “

Separately, Roth Capital set a $1.40 price objective on Capstone Turbine Corp. and gave the company a hold rating in a report on Saturday, August 6th.

Capstone Turbine Corp. (NASDAQ:CPST) traded down 1.2924% during mid-day trading on Thursday, hitting $0.9012. The company’s stock had a trading volume of 27,219 shares. The company’s market cap is $27.65 million. The firm’s 50-day moving average is $1.10 and its 200-day moving average is $1.38. Capstone Turbine Corp. has a 12-month low of $0.75 and a 12-month high of $2.70.

Capstone Turbine Corp. (NASDAQ:CPST) last announced its quarterly earnings data on Wednesday, November 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by $0.01. Capstone Turbine Corp. had a negative return on equity of 79.04% and a negative net margin of 29.19%. The firm earned $15 million during the quarter, compared to the consensus estimate of $15.90 million. During the same period last year, the company earned ($0.02) EPS. The firm’s revenue for the quarter was down 16.2% compared to the same quarter last year. Analysts predict that Capstone Turbine Corp. will post ($0.59) EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the company. Sabby Management LLC purchased a new position in shares of Capstone Turbine Corp. during the second quarter worth about $1,845,000. Springhouse Capital Management LP bought a new stake in shares of Capstone Turbine Corp. during the third quarter valued at $460,000. Vanguard Group Inc. increased its stake in shares of Capstone Turbine Corp. by 34.8% in the second quarter. Vanguard Group Inc. now owns 774,360 shares of the company’s stock valued at $1,068,000 after buying an additional 199,745 shares in the last quarter. Ancora Advisors LLC bought a new stake in shares of Capstone Turbine Corp. during the second quarter valued at $193,000. Finally, Ardsley Advisory Partners bought a new stake in shares of Capstone Turbine Corp. during the third quarter valued at $192,000. Institutional investors own 11.80% of the company’s stock.

Capstone Turbine Corp. Company Profile

Capstone Turbine Corporation (Capstone) develops, manufactures, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply.

5 Day Chart for NASDAQ:CPST

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