Capstone Turbine (CPST) Stock Price Up 7.6%

Capstone Turbine Co. (NASDAQ:CPST)’s share price rose 7.6% during trading on Tuesday . The stock traded as high as $1.15 and last traded at $1.13. Approximately 1,195,787 shares changed hands during trading, an increase of 20% from the average daily volume of 996,302 shares. The stock had previously closed at $1.05.

CPST has been the topic of several recent research reports. HC Wainwright set a $2.00 price objective on Capstone Turbine and gave the company a “buy” rating in a research report on Tuesday, February 6th. Zacks Investment Research upgraded Capstone Turbine from a “hold” rating to a “buy” rating and set a $1.00 price target on the stock in a research report on Tuesday, February 20th. Finally, Oppenheimer set a $2.00 price target on Capstone Turbine and gave the stock a “buy” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $1.75.

The stock has a market cap of $56.78, a PE ratio of -3.42 and a beta of 0.46.

Capstone Turbine (NASDAQ:CPST) last posted its quarterly earnings results on Monday, February 5th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.05. Capstone Turbine had a negative return on equity of 66.93% and a negative net margin of 15.01%. The business had revenue of $22.80 million for the quarter, compared to analyst estimates of $22.70 million. During the same period last year, the company earned ($0.28) EPS. Capstone Turbine’s revenue for the quarter was up 12.9% compared to the same quarter last year. sell-side analysts expect that Capstone Turbine Co. will post -0.22 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sabby Management LLC bought a new position in Capstone Turbine during the 4th quarter worth approximately $758,000. Macquarie Group Ltd. bought a new position in Capstone Turbine during the 4th quarter worth approximately $111,000. Geode Capital Management LLC grew its position in Capstone Turbine by 63.3% during the 4th quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock worth $134,000 after acquiring an additional 67,509 shares during the last quarter. Wedbush Securities Inc. grew its position in Capstone Turbine by 52.1% during the 4th quarter. Wedbush Securities Inc. now owns 323,918 shares of the industrial products company’s stock worth $249,000 after acquiring an additional 111,001 shares during the last quarter. Finally, Perkins Capital Management Inc. bought a new position in Capstone Turbine during the 4th quarter worth approximately $744,000. Institutional investors and hedge funds own 11.25% of the company’s stock.

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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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