Capstone Turbine (CPST) Earns “Buy” Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of Capstone Turbine (NASDAQ:CPST) in a research report released on Tuesday morning. The brokerage currently has a $2.00 price objective on the industrial products company’s stock.

Several other equities analysts have also commented on the stock. Roth Capital set a $2.00 price target on shares of Capstone Turbine and gave the stock a buy rating in a research report on Friday, October 27th. CIBC raised shares of Capstone Turbine from a market perform rating to an outperform rating in a research report on Wednesday, October 4th. Finally, Oppenheimer raised shares of Capstone Turbine from a market perform rating to an outperform rating in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $1.58.

Capstone Turbine (NASDAQ:CPST) opened at $0.81 on Tuesday. The stock has a market cap of $37.67, a P/E ratio of -1.41 and a beta of 0.88. Capstone Turbine has a one year low of $0.58 and a one year high of $1.35.

Capstone Turbine (NASDAQ:CPST) last issued its quarterly earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.01). Capstone Turbine had a negative return on equity of 120.37% and a negative net margin of 25.94%. The company had revenue of $19.80 million for the quarter, compared to analyst estimates of $20.23 million. During the same period last year, the company posted ($0.19) EPS. The business’s revenue for the quarter was up 32.0% on a year-over-year basis. analysts anticipate that Capstone Turbine will post -0.27 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Capstone Turbine stock. GMT Capital Corp purchased a new position in shares of Capstone Turbine Co. (NASDAQ:CPST) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 274,742 shares of the industrial products company’s stock, valued at approximately $191,000. GMT Capital Corp owned about 0.59% of Capstone Turbine as of its most recent filing with the Securities and Exchange Commission (SEC). 10.02% of the stock is currently owned by hedge funds and other institutional investors.

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Capstone Turbine 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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