Capstone Turbine Corporation (NASDAQ:CPST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, July 4th. The firm currently has a $0.75 target price on the industrial products company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 17.65% from the stock’s previous close.

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. “

A number of other brokerages also recently commented on CPST. Roth Capital set a $1.00 price objective on Capstone Turbine Corporation and gave the company a “hold” rating in a research report on Monday, March 20th. HC Wainwright set a $2.00 price objective on Capstone Turbine Corporation and gave the company a “buy” rating in a research report on Wednesday, June 14th. Finally, ValuEngine downgraded Capstone Turbine Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd.

Capstone Turbine Corporation (NASDAQ:CPST) traded up 0.1099% on Tuesday, hitting $0.6375. The stock had a trading volume of 87,751 shares. The company’s market cap is $26.47 million. The company has a 50-day moving average of $0.69 and a 200 day moving average of $0.72. Capstone Turbine Corporation has a 12 month low of $0.61 and a 12 month high of $1.97.

Capstone Turbine Corporation (NASDAQ:CPST) last released its quarterly earnings results on Tuesday, June 13th. The industrial products company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by $0.02. The company had revenue of $22.90 million for the quarter, compared to analysts’ expectations of $22 million. Capstone Turbine Corporation had a negative return on equity of 102.29% and a negative net margin of 31.00%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.25) EPS. On average, analysts predict that Capstone Turbine Corporation will post ($0.28) EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of CPST. Wedbush Securities Inc. boosted its position in shares of Capstone Turbine Corporation by 17.3% in the first quarter. Wedbush Securities Inc. now owns 177,664 shares of the industrial products company’s stock worth $136,000 after buying an additional 26,189 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Capstone Turbine Corporation by 62.7% in the fourth quarter. Renaissance Technologies LLC now owns 757,109 shares of the industrial products company’s stock worth $515,000 after buying an additional 291,800 shares during the last quarter. Finally, Hudson Bay Capital Management LP purchased a new position in shares of Capstone Turbine Corporation during the fourth quarter worth $809,000. Hedge funds and other institutional investors own 15.00% of the company’s stock.

Capstone Turbine Corporation 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.

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