Capstone Turbine (CPST) Lowered to “Hold” at Zacks Investment Research

Capstone Turbine (NASDAQ:CPST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Capstone Turbine Corp. develops, designs, assembles and sells Capstone MicroTurbines. Capstone MicroTurbines provide power at the site of consumption and to hybrid electric vehicles that combine a primary source battery with an auxiliary power source, such as a microturbine, to enhance performance. The Capstone MicroTurbine combines sophisticated design, engineering and technology to produce a reliable and flexible generator of electricity and heat for commercial and industrial applications. “

A number of other equities analysts have also weighed in on the company. HC Wainwright reiterated a “buy” rating and set a $2.00 target price on shares of Capstone Turbine in a research note on Friday, November 3rd. Roth Capital set a $2.00 target price on Capstone Turbine and gave the stock a “buy” rating in a research note on Friday, October 27th. Finally, Oppenheimer set a $2.00 target price on Capstone Turbine and gave the stock a “buy” rating in a research note on Monday, February 5th. One investment 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 stock currently has a consensus rating of “Buy” and an average price target of $1.75.

Shares of Capstone Turbine (NASDAQ CPST) traded down $0.01 during midday trading on Thursday, hitting $0.81. The stock had a trading volume of 375,602 shares, compared to its average volume of 949,770. The company has a market capitalization of $37.92, a price-to-earnings ratio of -2.54 and a beta of 0.84. Capstone Turbine has a one year low of $0.58 and a one year high of $1.35.

Capstone Turbine (NASDAQ:CPST) last announced its earnings results on Monday, February 5th. The industrial products company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.05. The company had revenue of $22.80 million for the quarter, compared to analyst estimates of $22.70 million. Capstone Turbine had a negative return on equity of 66.93% and a negative net margin of 15.01%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the company earned ($0.28) earnings per share. equities analysts anticipate that Capstone Turbine will post -0.21 EPS for the current year.

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in Capstone Turbine by 63.3% during the fourth quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock worth $134,000 after buying an additional 67,509 shares in the last quarter. Wedbush Securities Inc. grew its position in Capstone Turbine by 52.1% during the fourth quarter. Wedbush Securities Inc. now owns 323,918 shares of the industrial products company’s stock worth $249,000 after buying an additional 111,001 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in Capstone Turbine during the fourth quarter worth approximately $111,000. GMT Capital Corp acquired a new stake in Capstone Turbine during the third quarter worth approximately $191,000. Finally, Perkins Capital Management Inc. acquired a new stake in Capstone Turbine during the fourth quarter worth approximately $744,000. 9.43% of the stock is currently owned by institutional investors and hedge funds.

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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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