Capstone Turbine (NASDAQ:CPST) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday, March 9th.
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 issued reports on the company. HC Wainwright set a $2.00 target price on Capstone Turbine and gave the company a “buy” rating in a report on Tuesday, February 6th. Oppenheimer set a $2.00 target price on Capstone Turbine and gave the company a “buy” rating in a report on Monday, February 5th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $1.75.
Shares of CPST traded up $0.03 during trading hours on Friday, hitting $1.18. 656,070 shares of the stock were exchanged, compared to its average volume of 1,003,516. The stock has a market capitalization of $61.92, a price-to-earnings ratio of -1.51 and a beta of 0.26. Capstone Turbine has a 12-month low of $0.58 and a 12-month high of $1.35.
Capstone Turbine (NASDAQ:CPST) last issued its earnings results on Monday, February 5th. The industrial products company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. The company had revenue of $22.80 million during the quarter, compared to analysts’ expectations of $22.70 million. Capstone Turbine had a negative return on equity of 66.93% and a negative net margin of 15.01%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.28) EPS. sell-side analysts predict that Capstone Turbine will post -0.22 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Perkins Capital Management Inc. acquired a new position in shares of Capstone Turbine in the 4th quarter valued at $744,000. Wedbush Securities Inc. lifted its stake in shares of Capstone Turbine by 52.1% in the 4th quarter. Wedbush Securities Inc. now owns 323,918 shares of the industrial products company’s stock valued at $249,000 after purchasing an additional 111,001 shares during the last quarter. GMT Capital Corp acquired a new position in shares of Capstone Turbine in the 3rd quarter valued at $191,000. Sabby Management LLC acquired a new position in shares of Capstone Turbine in the 4th quarter valued at $758,000. Finally, Geode Capital Management LLC lifted its stake in shares of Capstone Turbine by 63.3% in the 4th quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock valued at $134,000 after purchasing an additional 67,509 shares during the last quarter. 11.30% of the stock is currently owned by institutional investors and hedge funds.
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Capstone Turbine Company Profile
Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. It offers microturbine units, components, and various accessories for applications, including cogeneration comprising combined heat and power (CHP) and integrated CHP, as well as combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply.
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