Capstone Turbine (CPST) Downgraded by Roth Capital to Neutral

Capstone Turbine (NASDAQ:CPST) was downgraded by investment analysts at Roth Capital from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday.

CPST has been the subject of a number of other reports. ValuEngine upgraded shares of Capstone Turbine from a “sell” rating to a “hold” rating in a report on Monday. HC Wainwright set a $2.00 target price on shares of Capstone Turbine and gave the stock a “buy” rating in a report on Monday, December 31st. Finally, Zacks Investment Research cut shares of Capstone Turbine from a “hold” rating to a “sell” rating in a report on Thursday, November 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Capstone Turbine presently has a consensus rating of “Hold” and a consensus price target of $2.31.

NASDAQ:CPST traded down $0.12 during trading hours on Friday, reaching $0.79. 7,971 shares of the company’s stock were exchanged, compared to its average volume of 513,894. The stock has a market capitalization of $62.33 million, a price-to-earnings ratio of -3.85 and a beta of 0.78. Capstone Turbine has a 12 month low of $0.55 and a 12 month high of $1.90.

Capstone Turbine (NASDAQ:CPST) last issued its earnings results on Thursday, February 7th. The industrial products company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. The firm had revenue of $18.03 million during the quarter, compared to analysts’ expectations of $21.33 million. Capstone Turbine had a negative net margin of 13.21% and a negative return on equity of 46.55%. As a group, research analysts predict that Capstone Turbine will post -0.24 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. 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 valued at $706,000 after buying an additional 148,753 shares during the period. Renaissance Technologies LLC lifted its position in shares of Capstone Turbine by 46.6% in the second quarter. Renaissance Technologies LLC now owns 1,119,109 shares of the industrial products company’s stock worth $1,600,000 after purchasing an additional 355,600 shares in the last quarter. Perkins Capital Management Inc. lifted its position in shares of Capstone Turbine by 26.5% in the third quarter. Perkins Capital Management Inc. now owns 1,457,143 shares of the industrial products company’s stock worth $1,457,000 after purchasing an additional 305,000 shares in the last quarter. Bridgeway Capital Management Inc. lifted its position in shares of Capstone Turbine by 9.3% in the third quarter. Bridgeway Capital Management Inc. now owns 750,159 shares of the industrial products company’s stock worth $750,000 after purchasing an additional 63,800 shares in the last quarter. Finally, Ancora Advisors LLC lifted its position 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 purchasing an additional 120,000 shares in the last quarter. Institutional investors and hedge funds own 13.11% of the company’s stock.

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.

Featured Article: What Are Treasury Bonds?

Receive News & Ratings for Capstone Turbine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capstone Turbine and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply