Shares of Capstone Turbine Corporation (NASDAQ:CPST) traded up 13% during mid-day trading on Monday . The company traded as high as $0.82 and last traded at $0.78. 1,555,208 shares were traded during trading, an increase of 745% from the average session volume of 184,131 shares. The stock had previously closed at $0.69.

Several research analysts have recently issued reports on CPST shares. Zacks Investment Research raised Capstone Turbine Corporation from a “hold” rating to a “buy” rating and set a $0.75 price objective for the company in a research report on Tuesday, July 4th. HC Wainwright set a $2.00 target price on Capstone Turbine Corporation and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Finally, Roth Capital raised Capstone Turbine Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $0.65 to $2.00 in a research report on Monday, September 18th.

The company’s market capitalization is $33.24 million. The firm has a 50 day moving average of $0.62 and a 200 day moving average of $0.69.

Capstone Turbine Corporation (NASDAQ:CPST) last announced its earnings results on Wednesday, August 9th. The industrial products company reported ($0.10) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.12) by $0.02. The company had revenue of $19.20 million for the quarter, compared to analyst estimates of $19.20 million. Capstone Turbine Corporation had a negative return on equity of 116.84% and a negative net margin of 30.38%. Capstone Turbine Corporation’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.17) EPS. Analysts expect that Capstone Turbine Corporation will post ($0.23) earnings per share for the current fiscal year.

An institutional investor recently raised its position in Capstone Turbine Corporation stock. Wedbush Securities Inc. grew its holdings in shares of Capstone Turbine Corporation (NASDAQ:CPST) by 15.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 205,714 shares of the industrial products company’s stock after purchasing an additional 28,050 shares during the period. Wedbush Securities Inc. owned 0.50% of Capstone Turbine Corporation worth $140,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 13.45% of the company’s stock.

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About Capstone Turbine Corporation

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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