Capstone Turbine Corp. (NASDAQ:CPST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The brokerage presently has a $1.25 price target on the stock. Zacks Investment Research’s price objective indicates a potential upside of 12.61% from the stock’s current price.
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. “
Separately, Roth Capital set a $1.40 target price on Capstone Turbine Corp. and gave the stock a “hold” rating in a research report on Saturday, August 6th.
Shares of Capstone Turbine Corp. (NASDAQ:CPST) traded up 0.91% during trading on Wednesday, reaching $1.11. The company had a trading volume of 2,469,517 shares. The company’s market cap is $33.44 million. Capstone Turbine Corp. has a 12-month low of $1.00 and a 12-month high of $4.80. The firm has a 50-day moving average of $1.41 and a 200-day moving average of $1.49.
Capstone Turbine Corp. (NASDAQ:CPST) last released its earnings results on Thursday, August 4th. The company reported ($0.17) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. Capstone Turbine Corp. had a negative return on equity of 90.54% and a negative net margin of 30.70%. The business had revenue of $19.06 million for the quarter, compared to the consensus estimate of $19.32 million. During the same period last year, the business earned ($0.02) earnings per share. The firm’s revenue for the quarter was down 29.4% compared to the same quarter last year. On average, equities research analysts anticipate that Capstone Turbine Corp. will post ($0.49) EPS for the current year.
In other Capstone Turbine Corp. news, Director Deursen Holly Van purchased 33,300 shares of the business’s stock in a transaction on Thursday, August 11th. The stock was purchased at an average price of $1.51 per share, for a total transaction of $50,283.00. Following the completion of the purchase, the director now directly owns 61,705 shares in the company, valued at $93,174.55. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.30% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Wedbush Securities Inc. boosted its position in shares of Capstone Turbine Corp. by 14.3% in the second quarter. Wedbush Securities Inc. now owns 94,138 shares of the company’s stock worth $130,000 after buying an additional 11,800 shares in the last quarter. Ancora Advisors LLC purchased a new position in Capstone Turbine Corp. during the second quarter worth about $193,000. Vanguard Group Inc. boosted its position in Capstone Turbine Corp. by 34.8% in the second quarter. Vanguard Group Inc. now owns 774,360 shares of the company’s stock worth $1,068,000 after buying an additional 199,745 shares during the period. Finally, Sabby Management LLC purchased a new position in Capstone Turbine Corp. during the second quarter worth about $1,845,000. Hedge funds and other institutional investors own 12.93% of the company’s stock.
Capstone Turbine Corp. 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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