Zacks Rating on Capstone Turbine Corporation
By Glenn Carroll -
Jun 5, 2015
Capstone Turbine Corporation (NASDAQ:CPST) remains a strong buy in the latest set of rankings. The shares has received an average rating of 1.4 by 5 analysts. Experts at Zacks have given it a short term rating of 2, which means that the investors can Buy for the short term positions. Capstone Turbine Corporation (NASDAQ:CPST): The mean short term price target for Capstone Turbine Corporation (NASDAQ:CPST) has been established at $1.43 per share. The higher price target estimate is at $2 and the lower price target estimate is expected at $1 according to 5 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $0.6
The stock has received coverage from different analysts. In a research note released to the investors, Roth Capital downgrades its rating on Capstone Turbine Corporation (NASDAQ:CPST). Investors must note that the brokerage house has a Neutral rating on the shares of the company. Previously, the company had a rating of Buy. The Equity Firm lowers its price target from $1 per share to $0.7 per share.
Shares of Capstone Turbine Corporation (NASDAQ:CPST) ended Thursday session in red amid volatile trading. The shares closed down 0.0085 points or 1.49% at $0.5609 with 2,675,879 shares getting traded. Post opening the session at $0.59, the shares hit an intraday low of $0.5457 and an intraday high of $0.594 and the price vacillated in this range throughout the day. The company has a market cap of $185 million and the number of outstanding shares has been calculated to be 330,380,000 shares. The 52-week high of Capstone Turbine Corporation (NASDAQ:CPST) is $1.62 and the 52-week low is $0.4128.
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 (CHP), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP)), renewable energy, natural resources and critical power supply. In addition, its microturbines can be used as battery charging generators for hybrid electric vehicle applications. Microturbines allow customers to produce power on-site in parallel with the electric grid or stand alone when no utility grid is available. Several technologies are used to provide on-site power generation (distributed generation) ,such as reciprocating engines, solar power, wind powered systems and fuel cells.
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