HC Wainwright reaffirmed their buy rating on shares of Capstone Turbine Corporation (NASDAQ:CPST) in a research note published on Friday morning. The brokerage currently has a $2.00 target price on the industrial products company’s stock.
CPST has been the topic of a number of other research reports. Roth Capital set a $1.00 price objective on shares of Capstone Turbine Corporation and gave the stock a hold rating in a report on Thursday, August 10th. CIBC raised shares of Capstone Turbine Corporation from a market perform rating to an outperform rating in a report on Wednesday, October 4th. Oppenheimer Holdings, Inc. raised shares of Capstone Turbine Corporation from a market perform rating to an outperform rating in a report on Wednesday, October 4th. Finally, Zacks Investment Research downgraded shares of Capstone Turbine Corporation from a buy rating to a hold rating in a research report on Thursday, July 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Capstone Turbine Corporation currently has an average rating of Buy and a consensus price target of $1.58.
Shares of Capstone Turbine Corporation (CPST) traded down $0.01 during trading hours on Friday, reaching $1.00. 687,393 shares of the company’s stock were exchanged, compared to its average volume of 1,133,514. Capstone Turbine Corporation has a 12-month low of $0.58 and a 12-month high of $1.35.
Capstone Turbine Corporation (NASDAQ:CPST) last issued its quarterly earnings data on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Capstone Turbine Corporation had a negative return on equity of 117.63% and a negative net margin of 25.94%. The company had revenue of $19.80 million for the quarter, compared to the consensus estimate of $20.23 million. During the same period in the prior year, the company earned ($0.19) EPS. The firm’s revenue was up 32.0% compared to the same quarter last year. equities analysts forecast that Capstone Turbine Corporation will post -0.26 earnings per share for the current year.
A hedge fund recently raised its stake in Capstone Turbine Corporation stock. Wedbush Securities Inc. lifted its position in Capstone Turbine Corporation (NASDAQ:CPST) by 15.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,714 shares of the industrial products company’s stock after acquiring an additional 28,050 shares during the period. Wedbush Securities Inc. owned approximately 0.50% of Capstone Turbine Corporation worth $140,000 at the end of the most recent quarter. 13.45% of the stock is owned by institutional investors.
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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