ValuEngine Downgrades Capstone Turbine (CPST) to Strong Sell

ValuEngine cut shares of Capstone Turbine (NASDAQ:CPST) from a sell rating to a strong sell rating in a report issued on Wednesday, May 2nd.

A number of other research analysts have also issued reports on the company. Zacks Investment Research upgraded Capstone Turbine from a sell rating to a hold rating in a research report on Monday, April 23rd. HC Wainwright set a $2.00 price target on Capstone Turbine and gave the stock a buy rating in a research report on Friday, April 13th. Finally, Oppenheimer set a $2.00 price target on Capstone Turbine and gave the stock a buy rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Capstone Turbine presently has a consensus rating of Buy and an average price target of $1.75.

Capstone Turbine remained flat at $$1.39 during trading on Wednesday, Marketbeat Ratings reports. The company’s stock had a trading volume of 534,905 shares, compared to its average volume of 1,067,484. Capstone Turbine has a one year low of $1.36 and a one year high of $1.41. The firm has a market cap of $74.09 million, a price-to-earnings ratio of -1.78 and a beta of 0.23.

Several institutional investors have recently made changes to their positions in CPST. Perkins Capital Management Inc. acquired a new stake in shares of Capstone Turbine in the fourth quarter valued at $744,000. Wedbush Securities Inc. lifted its holdings in shares of Capstone Turbine by 52.1% in the fourth quarter. Wedbush Securities Inc. now owns 323,918 shares of the industrial products company’s stock valued at $249,000 after buying an additional 111,001 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Capstone Turbine by 63.3% in the fourth quarter. Geode Capital Management LLC now owns 174,192 shares of the industrial products company’s stock valued at $134,000 after buying an additional 67,509 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Capstone Turbine in the fourth quarter valued at $111,000. Finally, Sabby Management LLC acquired a new stake in shares of Capstone Turbine in the fourth quarter valued at $758,000. Institutional investors and hedge funds own 11.61% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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