Capstone Turbine Corporation (CPST) Stock Rating Reaffirmed by HC Wainwright
Capstone Turbine Corporation (NASDAQ:CPST)‘s stock had its “buy” rating reiterated by HC Wainwright in a report issued on Monday. They currently have a $2.00 price objective on the industrial products company’s stock. HC Wainwright’s price objective suggests a potential upside of 236.13% from the stock’s current price.
A number of other research analysts have also recently issued reports on the company. Zacks Investment Research upgraded Capstone Turbine Corporation from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a research report on Wednesday, June 28th. Roth Capital upgraded Capstone Turbine Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the company from $0.65 to $2.00 in a research report on Monday. Finally, ValuEngine cut Capstone Turbine Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd.
Shares of Capstone Turbine Corporation (CPST) traded up 5.8992% on Monday, reaching $0.6301. 433,130 shares of the company traded hands. The firm’s 50 day moving average is $0.62 and its 200 day moving average is $0.69. Capstone Turbine Corporation has a one year low of $0.58 and a one year high of $1.48. The company’s market capitalization is $26.85 million.
Capstone Turbine Corporation (NASDAQ:CPST) last released its earnings results on Wednesday, August 9th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. Capstone Turbine Corporation had a negative return on equity of 116.84% and a negative net margin of 30.38%. The firm had revenue of $19.20 million for the quarter, compared to analysts’ expectations of $19.20 million. During the same quarter in the previous year, the business posted ($0.17) earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. Analysts expect that Capstone Turbine Corporation will post ($0.26) earnings per share for the current fiscal year.
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A hedge fund recently raised its stake in Capstone Turbine Corporation stock. Renaissance Technologies LLC grew its position in shares of Capstone Turbine Corporation (NASDAQ:CPST) by 9.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 825,509 shares of the industrial products company’s stock after purchasing an additional 68,400 shares during the quarter. Renaissance Technologies LLC owned approximately 2.31% of Capstone Turbine Corporation worth $632,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 12.95% of the company’s stock.
About Capstone Turbine Corporation
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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