Capstone Turbine Corporation (NASDAQ:CPST) was upgraded by investment analysts at Roth Capital from a “neutral” rating to a “buy” rating in a research note issued on Monday, Marketbeat Ratings reports.

A number of other research firms have also commented on CPST. HC Wainwright set a $2.00 target price on Capstone Turbine Corporation and gave the stock a “buy” rating in a report on Tuesday, July 18th. Zacks Investment Research raised Capstone Turbine Corporation from a “hold” rating to a “buy” rating and set a $0.75 target price for the company in a report on Tuesday, July 4th. Finally, ValuEngine lowered Capstone Turbine Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd.

Shares of Capstone Turbine Corporation (CPST) traded up 2.1338% during midday trading on Monday, reaching $0.6031. The company had a trading volume of 996,607 shares. The company has a 50-day moving average price of $0.63 and a 200 day moving average price of $0.69. The company’s market capitalization is $25.70 million. Capstone Turbine Corporation has a one year low of $0.58 and a one year high of $1.48.

Capstone Turbine Corporation (NASDAQ:CPST) last announced its quarterly earnings data 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. The business had revenue of $19.20 million during the quarter, compared to analysts’ expectations of $19.20 million. Capstone Turbine Corporation had a negative return on equity of 116.84% and a negative net margin of 30.38%. The firm’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.17) earnings per share. Equities analysts anticipate that Capstone Turbine Corporation will post ($0.26) earnings per share for the current fiscal year.

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An institutional investor recently raised its position in Capstone Turbine Corporation stock. Wedbush Securities Inc. raised its stake in shares of Capstone Turbine Corporation (NASDAQ:CPST) by 15.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 205,714 shares of the industrial products company’s stock after purchasing an additional 28,050 shares during the period. Wedbush Securities Inc. owned 0.50% of Capstone Turbine Corporation worth $140,000 as of its most recent SEC filing. 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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