HC Wainwright Reaffirms “Buy” Rating for Capstone Turbine (CPST)

HC Wainwright reissued their buy rating on shares of Capstone Turbine (NASDAQ:CPST) in a research report sent to investors on Tuesday, January 9th. They currently have a $2.00 price objective on the industrial products company’s stock.

Other research analysts have also issued reports about the company. Oppenheimer raised Capstone Turbine from a market perform rating to an outperform rating in a research report on Wednesday, October 4th. Roth Capital raised Capstone Turbine from a neutral rating to a buy rating and raised their price objective for the company from $0.65 to $2.00 in a research report on Monday, September 18th. Finally, CIBC raised Capstone Turbine from a market perform rating to an outperform rating in a research report on Wednesday, October 4th. One 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 company has a consensus rating of Buy and a consensus price target of $1.58.

Shares of Capstone Turbine (NASDAQ CPST) traded up $0.00 during mid-day trading on Tuesday, hitting $0.73. The stock had a trading volume of 864,879 shares, compared to its average volume of 872,300. The stock has a market cap of $34.12, a P/E ratio of -1.28 and a beta of 0.84. Capstone Turbine has a fifty-two week low of $0.58 and a fifty-two week high of $1.35.

Capstone Turbine (NASDAQ:CPST) last announced its earnings results on Thursday, November 2nd. The industrial products company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Capstone Turbine had a negative net margin of 25.94% and a negative return on equity of 120.37%. The company had revenue of $19.80 million for the quarter, compared to analyst estimates of $20.23 million. During the same quarter last year, the company posted ($0.19) EPS. Capstone Turbine’s quarterly revenue was up 32.0% compared to the same quarter last year. equities research analysts forecast that Capstone Turbine will post -0.25 earnings per share for the current year.

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

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About Capstone Turbine

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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