Capstone Turbine (CPST) Downgraded to Sell at Zacks Investment Research

Capstone Turbine (NASDAQ:CPST) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

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 research firms also recently weighed in on CPST. ValuEngine upgraded shares of Capstone Turbine from a “sell” rating to a “hold” rating in a report on Friday, August 10th. HC Wainwright set a $2.00 target price on shares of Capstone Turbine and gave the company a “buy” rating in a report on Monday, July 30th. Finally, Maxim Group initiated coverage on shares of Capstone Turbine in a report on Wednesday, August 1st. They issued a “buy” rating and a $2.50 target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $2.25.

Shares of NASDAQ CPST opened at $0.83 on Thursday. Capstone Turbine has a 1 year low of $0.69 and a 1 year high of $1.90.

Capstone Turbine (NASDAQ:CPST) last announced its quarterly earnings results on Tuesday, November 6th. The industrial products company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.02). Capstone Turbine had a negative return on equity of 46.55% and a negative net margin of 13.21%. The firm had revenue of $22.17 million for the quarter, compared to analyst estimates of $21.80 million. On average, analysts expect that Capstone Turbine will post -0.24 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of CPST. Northern Trust Corp increased its holdings in Capstone Turbine by 116.5% in the 1st quarter. Northern Trust Corp now owns 154,257 shares of the industrial products company’s stock valued at $177,000 after purchasing an additional 83,002 shares during the last quarter. Perkins Capital Management Inc. increased its holdings in Capstone Turbine by 6.9% in the 2nd quarter. Perkins Capital Management Inc. now owns 1,152,143 shares of the industrial products company’s stock valued at $1,648,000 after purchasing an additional 74,000 shares during the last quarter. EAM Investors LLC acquired a new stake in Capstone Turbine in the 2nd quarter valued at approximately $671,000. BlackRock Inc. increased its holdings in Capstone Turbine by 43.1% in the 2nd quarter. BlackRock Inc. now owns 493,758 shares of the industrial products company’s stock valued at $706,000 after purchasing an additional 148,753 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Capstone Turbine by 46.6% in the 2nd quarter. Renaissance Technologies LLC now owns 1,119,109 shares of the industrial products company’s stock valued at $1,600,000 after purchasing an additional 355,600 shares during the last quarter. Hedge funds and other institutional investors own 16.31% of the company’s stock.

About Capstone Turbine

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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