Capstone Turbine Co. (CPST) Receives Average Recommendation of “Buy” from Brokerages

Shares of Capstone Turbine Co. (NASDAQ:CPST) have received a consensus rating of “Buy” from the six analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $2.38.

Several research firms have recently weighed in on CPST. ValuEngine upgraded shares of Capstone Turbine from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. HC Wainwright set a $2.00 price objective on shares of Capstone Turbine and gave the company a “buy” rating in a research report on Friday, October 5th. Finally, Zacks Investment Research upgraded shares of Capstone Turbine from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 9th.

Institutional investors and hedge funds have recently made changes to their positions in the business. HPM Partners LLC acquired a new position in shares of Capstone Turbine in the second quarter worth about $100,000. Jane Street Group LLC acquired a new position in shares of Capstone Turbine in the third quarter worth about $109,000. Ancora Advisors LLC boosted its holdings in shares of Capstone Turbine by 150.0% in the third quarter. Ancora Advisors LLC now owns 200,000 shares of the industrial products company’s stock worth $200,000 after buying an additional 120,000 shares during the period. EAM Investors LLC acquired a new position in shares of Capstone Turbine in the second quarter worth about $671,000. Finally, BlackRock Inc. boosted its holdings in shares of Capstone Turbine by 43.1% in the second quarter. BlackRock Inc. now owns 493,758 shares of the industrial products company’s stock worth $706,000 after buying an additional 148,753 shares during the period. Institutional investors own 13.07% of the company’s stock.

NASDAQ:CPST opened at $0.70 on Monday. Capstone Turbine has a twelve month low of $0.69 and a twelve month high of $1.90.

Capstone Turbine (NASDAQ:CPST) last posted its quarterly earnings data on Tuesday, November 6th. The industrial products company reported ($0.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.02). Capstone Turbine had a negative net margin of 13.21% and a negative return on equity of 46.55%. The business had revenue of $22.17 million for the quarter, compared to the consensus estimate of $21.80 million. As a group, analysts expect that Capstone Turbine will post -0.24 earnings per share for the current fiscal year.

Capstone Turbine Company Profile

Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. It offers microturbine units, components, and various accessories for applications, including cogeneration comprising combined heat and power (CHP) and integrated CHP, as well as combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply.

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