Capstone Turbine Corporation (CPST) Upgraded to Outperform at CIBC
Capstone Turbine Corporation (NASDAQ:CPST) was upgraded by stock analysts at CIBC from a “market perform” rating to an “outperform” rating in a report released on Wednesday.
A number of other analysts have also recently weighed in on CPST. Zacks Investment Research raised Capstone Turbine Corporation from a “hold” rating to a “buy” rating and set a $0.75 price objective for the company in a research report on Wednesday, June 28th. HC Wainwright set a $2.00 price objective on Capstone Turbine Corporation and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Roth Capital upgraded Capstone Turbine Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $0.65 to $2.00 in a research note on Monday, September 18th. Finally, Oppenheimer Holdings, Inc. upgraded shares of Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $1.58.
Shares of Capstone Turbine Corporation (CPST) opened at 0.7008 on Wednesday. The firm’s 50-day moving average is $0.63 and its 200 day moving average is $0.68. The stock’s market cap is $29.86 million. Capstone Turbine Corporation has a 12 month low of $0.58 and a 12 month high of $1.48.
Capstone Turbine Corporation (NASDAQ:CPST) last issued its earnings results 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 firm had revenue of $19.20 million during the quarter, compared to analyst estimates of $19.20 million. Capstone Turbine Corporation had a negative net margin of 30.38% and a negative return on equity of 116.84%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.17) earnings per share. On average, equities analysts predict that Capstone Turbine Corporation will post ($0.23) EPS for the current year.
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Several institutional investors have recently modified their holdings of CPST. Sabby Management LLC acquired a new position in Capstone Turbine Corporation during the second quarter worth approximately $1,845,000. Hudson Bay Capital Management LP purchased a new position in Capstone Turbine Corporation during the fourth quarter worth about $809,000. Renaissance Technologies LLC raised its holdings in Capstone Turbine Corporation by 9.0% during the first quarter. Renaissance Technologies LLC now owns 825,509 shares of the industrial products company’s stock worth $632,000 after purchasing an additional 68,400 shares in the last quarter. Springhouse Capital Management LP purchased a new position in Capstone Turbine Corporation during the third quarter worth about $460,000. Finally, Wedbush Securities Inc. raised its holdings in Capstone Turbine Corporation by 15.8% during the second quarter. Wedbush Securities Inc. now owns 205,714 shares of the industrial products company’s stock worth $140,000 after purchasing an additional 28,050 shares in the last quarter. Institutional investors and hedge funds own 13.45% of the company’s stock.
Capstone Turbine Corporation Company Profile
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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