Capstone Turbine Corporation (CPST) Rating Reiterated by HC Wainwright
Capstone Turbine Corporation (NASDAQ:CPST)‘s stock had its “buy” rating reiterated by HC Wainwright in a research note issued to investors on Friday. They presently have a $2.00 price target on the industrial products company’s stock. HC Wainwright’s price objective points to a potential upside of 100.00% from the company’s previous close.
CPST has been the subject of several other research reports. Roth Capital set a $1.00 target price on Capstone Turbine Corporation and gave the stock a “hold” rating in a research note on Thursday, August 10th. CIBC raised Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 4th. Oppenheimer Holdings, Inc. raised Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday, October 4th. Finally, Zacks Investment Research downgraded Capstone Turbine Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 20th. 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 company. The company currently has a consensus rating of “Buy” and an average target price of $1.58.
Capstone Turbine Corporation (CPST) traded down $0.01 during mid-day trading on Friday, reaching $1.00. The company had a trading volume of 687,393 shares, compared to its average volume of 1,133,514. Capstone Turbine Corporation has a fifty-two week low of $0.58 and a fifty-two week high of $1.35.
Capstone Turbine Corporation (NASDAQ:CPST) last issued its earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.01). The business had revenue of $19.80 million for the quarter, compared to analyst estimates of $20.23 million. Capstone Turbine Corporation had a negative return on equity of 117.63% and a negative net margin of 25.94%. The firm’s revenue was up 32.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.19) EPS. equities analysts expect that Capstone Turbine Corporation will post -0.26 EPS for the current year.
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A hedge fund recently raised its stake in Capstone Turbine Corporation stock. Wedbush Securities Inc. increased its position in Capstone Turbine Corporation (NASDAQ:CPST) by 15.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 205,714 shares of the industrial products company’s stock after buying an additional 28,050 shares during the quarter. Wedbush Securities Inc. owned 0.50% of Capstone Turbine Corporation worth $140,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 13.45% of the stock is currently 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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