Capstone Turbine (CPST) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Capstone Turbine (NASDAQ:CPST) from a hold rating to a buy rating in a report released on Tuesday. Zacks Investment Research currently has $1.00 price target on the industrial products company’s stock.

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. “

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A number of other analysts have also issued reports on the company. HC Wainwright set a $2.00 price target on Capstone Turbine and gave the stock a buy rating in a research note on Tuesday, February 6th. Oppenheimer set a $2.00 price target on Capstone Turbine and gave the stock a buy rating in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $1.75.

Shares of Capstone Turbine (NASDAQ CPST) opened at $0.99 on Tuesday. Capstone Turbine has a 1-year low of $0.58 and a 1-year high of $1.35. The company has a market capitalization of $53.43, a P/E ratio of -3.09 and a beta of 0.46.

Capstone Turbine (NASDAQ:CPST) last issued its quarterly earnings results on Monday, February 5th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.05. The firm 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 business’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.28) earnings per share. research analysts anticipate that Capstone Turbine will post -0.22 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of 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 worth $134,000 after acquiring an additional 67,509 shares during the last quarter. Wedbush Securities Inc. boosted its stake in shares of Capstone Turbine by 52.1% in the fourth 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. Macquarie Group Ltd. acquired a new stake in shares of Capstone Turbine in the fourth quarter worth approximately $111,000. GMT Capital Corp acquired a new stake in shares of Capstone Turbine in the third quarter worth approximately $191,000. Finally, Perkins Capital Management Inc. acquired a new stake in shares of Capstone Turbine in the fourth quarter worth approximately $744,000. 11.33% of the stock is currently owned by hedge funds and other institutional investors.

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About Capstone Turbine

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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