Posted by Xavier Javi on Feb 23rd, 2018 // No Comments
Capstone Turbine Co. logoZacks Investment Research upgraded shares of Capstone Turbine (NASDAQ:CPST) from a hold rating to a buy rating in a research note released on Tuesday morning. They currently have $1.00 target price on the industrial products company’s stock. 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. “ Get Capstone Turbine alerts: A number of other research firms also recently issued reports on CPST. HC Wainwright set a $2.00 price objective on shares of Capstone Turbine and gave the stock a buy rating in a report on Tuesday, February 6th. Oppenheimer set a $2.00 price objective on shares of Capstone Turbine and gave the stock a buy rating in a report on Monday, February 5th. Finally, Roth Capital set a $2.00 price objective on shares of Capstone Turbine and gave the stock a buy rating in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $1.75.
Shares of Capstone Turbine (NASDAQ:CPST) opened at $0.81 on Tuesday. Capstone Turbine has a 12 month low of $0.58 and a 12 month high of $1.35. Capstone Turbine (NASDAQ:CPST) last announced its quarterly earnings results on Monday, February 5th. The industrial products company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.05. Capstone Turbine had a negative net margin of 15.01% and a negative return on equity of 66.93%. The firm had revenue of $22.80 million during the quarter, compared to analyst estimates of $22.70 million. During the same period in the previous year, the business posted ($0.28) earnings per share. The business’s revenue for the quarter was up 12.9% on a year-over-year basis. research analysts anticipate that Capstone Turbine will post -0.21 earnings per share for the current fiscal year. Institutional investors and hedge funds have recently bought and sold shares of the stock. Perkins Capital Management Inc. purchased a new position in shares of Capstone Turbine in the fourth quarter worth approximately $744,000. GMT Capital Corp purchased a new position in shares of Capstone Turbine in the third quarter worth approximately $191,000. Geode Capital Management LLC boosted its holdings in shares of Capstone Turbine by 63.3% in the fourth quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock worth $134,000 after buying an additional 67,509 shares during the last quarter. Macquarie Group Ltd. purchased a new position in shares of Capstone Turbine in the fourth quarter worth approximately $111,000. Finally, Sabby Management LLC purchased a new position in shares of Capstone Turbine in the fourth quarter worth approximately $758,000. 9.43% of the stock is currently owned by institutional investors. About Capstone Turbine 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. Get a free copy of the Zacks research report on Capstone Turbine (CPST) For more information about research offerings from Zacks Investment Research, visit Zacks.com Receive News & Ratings for Capstone Turbine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capstone Turbine and related companies with MarketBeat.com's FREE daily email newsletter.
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