Capstone Turbine Corporation (NASDAQ:CPST) was upgraded by stock analysts at Roth Capital from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday.
Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Capstone Turbine Corporation from a “hold” rating to a “buy” rating and set a $0.75 price objective for the company in a research report on Wednesday, June 28th. HC Wainwright set a $2.00 price objective on shares of Capstone Turbine Corporation and gave the company a “buy” rating in a research report on Wednesday, June 14th. Finally, ValuEngine downgraded shares of Capstone Turbine Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd.
Shares of Capstone Turbine Corporation (CPST) traded up 3.30% on Monday, reaching $0.61. 557,202 shares of the company were exchanged. The stock’s market capitalization is $26.00 million. Capstone Turbine Corporation has a 1-year low of $0.58 and a 1-year high of $1.48. The company has a 50-day moving average price of $0.63 and a 200 day moving average price of $0.69.
Capstone Turbine Corporation (NASDAQ:CPST) last issued its quarterly earnings data on Wednesday, August 9th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. Capstone Turbine Corporation had a negative net margin of 30.38% and a negative return on equity of 116.84%. The company had revenue of $19.20 million during the quarter, compared to the consensus estimate of $19.20 million. During the same quarter last year, the company earned ($0.17) earnings per share. Capstone Turbine Corporation’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts forecast that Capstone Turbine Corporation will post ($0.26) EPS for the current fiscal year.
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An institutional investor recently raised its position in Capstone Turbine Corporation stock. Wedbush Securities Inc. increased its position in shares of Capstone Turbine Corporation (NASDAQ:CPST) by 15.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 205,714 shares of the industrial products company’s stock after purchasing an additional 28,050 shares during the quarter. Wedbush Securities Inc. owned 0.50% of Capstone Turbine Corporation worth $140,000 at the end of the most recent reporting period. Institutional investors own 12.95% of the company’s stock.
Capstone Turbine Corporation 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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