Zacks Investment Research downgraded shares of Capstone Turbine (NASDAQ:CPST) from a buy rating to a hold rating in a research note released on Friday.
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. “
Several other analysts have also recently commented on the stock. HC Wainwright set a $2.00 price target on shares of Capstone Turbine and gave the company a buy rating in a research note on Tuesday, February 6th. Oppenheimer set a $2.00 price objective on shares of Capstone Turbine and gave the company 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 company currently has a consensus rating of Buy and an average price target of $1.75.
Capstone Turbine (NASDAQ:CPST) last released its quarterly earnings results on Monday, February 5th. The industrial products company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. Capstone Turbine had a negative net margin of 15.01% and a negative return on equity of 66.93%. The business had revenue of $22.80 million for the quarter, compared to analysts’ expectations of $22.70 million. During the same period in the prior year, the firm earned ($0.28) earnings per share. Capstone Turbine’s revenue was up 12.9% compared to the same quarter last year. equities analysts anticipate that Capstone Turbine will post -0.22 EPS for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. bought a new position in Capstone Turbine in the fourth quarter valued at approximately $111,000. Geode Capital Management LLC boosted its stake in Capstone Turbine by 63.3% in the fourth quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock valued at $134,000 after acquiring an additional 67,509 shares during the last quarter. GMT Capital Corp bought a new position in Capstone Turbine in the third quarter valued at approximately $191,000. Wedbush Securities Inc. boosted its stake in Capstone Turbine by 52.1% in the fourth quarter. Wedbush Securities Inc. now owns 323,918 shares of the industrial products company’s stock valued at $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 in the fourth quarter valued at approximately $744,000. 11.33% of the stock is currently owned by hedge funds and other institutional investors.
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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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