Capstone Turbine Corporation (NASDAQ:CPST) was upgraded by CIBC from a “market perform” rating to an “outperform” rating in a report issued on Wednesday.

Other research analysts also recently issued reports about the company. Zacks Investment Research upgraded Capstone Turbine Corporation from a “hold” rating to a “buy” rating and set a $0.75 target price on the stock in a research note 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 note on Tuesday, July 18th. Oppenheimer Holdings, Inc. upgraded Capstone Turbine Corporation from a “market perform” rating to an “outperform” rating in a research note on Wednesday. Finally, Roth Capital upgraded Capstone Turbine Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $0.65 to $2.00 in a research note on Monday, September 18th. One 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. The company has a consensus rating of “Buy” and a consensus price target of $1.58.

Capstone Turbine Corporation (CPST) traded down 2.277% during midday trading on Wednesday, hitting $0.987. The company had a trading volume of 1,630,524 shares. The stock has a 50 day moving average price of $0.65 and a 200-day moving average price of $0.69. The stock’s market capitalization is $42.06 million. Capstone Turbine Corporation has a 52 week low of $0.58 and a 52 week high of $1.48.

Capstone Turbine Corporation (NASDAQ:CPST) last announced its earnings results on Wednesday, August 9th. The industrial products company reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $0.02. Capstone Turbine Corporation had a negative return on equity of 116.84% and a negative net margin of 30.38%. The firm had revenue of $19.20 million for the quarter, compared to the consensus estimate of $19.20 million. During the same period in the previous year, the business earned ($0.17) EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. On average, equities analysts predict that Capstone Turbine Corporation will post ($0.24) EPS for the current year.

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An institutional investor recently raised its position in Capstone Turbine Corporation stock. Renaissance Technologies LLC grew its stake in Capstone Turbine Corporation (NASDAQ:CPST) by 9.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 825,509 shares of the industrial products company’s stock after buying an additional 68,400 shares during the quarter. Renaissance Technologies LLC owned 2.31% of Capstone Turbine Corporation worth $632,000 as of its most recent SEC filing. Institutional investors and hedge funds own 13.45% of the company’s stock.

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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