Positive article in Seeking Alpha, with $20 short term target
Capstone Turbine - More Room To Run On Ongoing Hydrogen Excitement And Strong Preliminary Third Quarter Results
Jan. 7, 2021 8:35 AM ET
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About: Capstone Turbine Corporation (CPST), Includes: BE, BLDP, FCEL, PLUG
Henrik Alex
Henrik Alex
Momentum, Short-Term Horizon, Tech
(8,276 followers)
Summary
The company reported strong preliminary Q3 numbers with revenues easily surpassing analyst consensus estimates.
A division of Goldman Sachs recently injected another $20 million in liquidity at a lowered interest rate to further grow the company's rental business.
Management has been trying to rebrand the company as an emerging "Energy-as-a-Service" provider with considerable exposure to the thriving hydrogen space.
Despite the recent rally, valuation remains at a tiny fraction of stationary fuel cell power plant providers like Bloom Energy and FuelCell Energy.
Expect the rally to have more legs as the company appears to be on the verge of becoming another "story stock" for the insatiable ESG crowd. Get long with a short-term price target of $20.
Note: I have covered Capstone Turbine (NASDAQ:CPST) previously, so investors should view this as an update to my earlier articles on the company.
