HC Wainwright Reiterates $2.00 Price Target for Capstone Turbine Corporation (CPST)

HC Wainwright set a $2.00 price objective on Capstone Turbine Corporation (NASDAQ:CPST) in a research report released on Wednesday. The firm currently has a buy rating on the industrial products company’s stock.

A number of other equities analysts have also weighed in on CPST. Zacks Investment Research lowered Capstone Turbine Corporation from a hold rating to a sell rating in a research report on Tuesday, May 2nd. Roth Capital set a $1.00 target price on Capstone Turbine Corporation and gave the stock a hold rating in a research report on Monday, March 20th. Finally, ValuEngine lowered 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 (NASDAQ CPST) opened at 0.704 on Wednesday. The company’s 50-day moving average is $0.67 and its 200-day moving average is $0.75. Capstone Turbine Corporation has a 12-month low of $0.61 and a 12-month high of $1.97. The stock’s market cap is $29.23 million.

Capstone Turbine Corporation (NASDAQ:CPST) last announced its quarterly earnings results on Tuesday, June 13th. The industrial products company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.02. The firm had revenue of $22.90 million during the quarter, compared to the consensus estimate of $22 million. Capstone Turbine Corporation had a negative return on equity of 102.29% and a negative net margin of 31.00%. The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.25) EPS. On average, equities research analysts anticipate that Capstone Turbine Corporation will post ($0.27) earnings per share for the current year.

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A number of institutional investors have recently modified their holdings of CPST. Wedbush Securities Inc. raised its position in shares of Capstone Turbine Corporation by 17.3% in the first quarter. Wedbush Securities Inc. now owns 177,664 shares of the industrial products company’s stock worth $136,000 after buying an additional 26,189 shares during the period. Ancora Advisors LLC raised its position in shares of Capstone Turbine Corporation by 30.0% in the fourth quarter. Ancora Advisors LLC now owns 195,000 shares of the industrial products company’s stock worth $133,000 after buying an additional 45,000 shares during the period. Renaissance Technologies LLC raised its position in shares of Capstone Turbine Corporation by 62.7% in the fourth quarter. Renaissance Technologies LLC now owns 757,109 shares of the industrial products company’s stock worth $515,000 after buying an additional 291,800 shares during the period. Vanguard Group Inc. raised its position in shares of Capstone Turbine Corporation by 9.5% in the first quarter. Vanguard Group Inc. now owns 926,602 shares of the industrial products company’s stock worth $709,000 after buying an additional 80,052 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Capstone Turbine Corporation during the fourth quarter worth $809,000. 17.74% of the stock is owned by institutional investors and hedge funds.

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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