Zacks Investment Research upgraded shares of Capstone Turbine (NASDAQ:CPST) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday morning.

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. “

A number of other brokerages also recently issued reports on CPST. ValuEngine raised Capstone Turbine from a sell rating to a hold rating in a research note on Friday, August 10th. HC Wainwright set a $2.00 target price on Capstone Turbine and gave the stock a buy rating in a research note on Monday, July 30th. Maxim Group initiated coverage on Capstone Turbine in a research note on Wednesday, August 1st. They issued a buy rating and a $2.50 target price for the company. Finally, Lake Street Capital initiated coverage on Capstone Turbine in a research note on Friday, June 15th. They issued a buy rating and a $3.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $2.21.

Shares of CPST traded down $0.03 during midday trading on Tuesday, reaching $0.95. The company had a trading volume of 922,229 shares, compared to its average volume of 858,053. Capstone Turbine has a 1-year low of $0.69 and a 1-year high of $1.90. The company has a market capitalization of $64.19 million, a PE ratio of -4.75 and a beta of -0.32.

Capstone Turbine (NASDAQ:CPST) last issued its earnings results on Tuesday, August 7th. The industrial products company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). Capstone Turbine had a negative return on equity of 47.04% and a negative net margin of 12.77%. The company had revenue of $21.19 million during the quarter, compared to analyst estimates of $20.85 million. On average, equities analysts expect that Capstone Turbine will post -0.15 EPS for the current year.

Large investors have recently modified their holdings of the stock. HPM Partners LLC acquired a new stake in shares of Capstone Turbine during the 2nd quarter worth about $100,000. Northern Trust Corp increased its position in shares of Capstone Turbine by 116.5% during the 1st quarter. Northern Trust Corp now owns 154,257 shares of the industrial products company’s stock worth $177,000 after purchasing an additional 83,002 shares during the last quarter. EAM Investors LLC acquired a new stake in shares of Capstone Turbine during the 2nd quarter worth about $671,000. BlackRock Inc. increased its position in shares of Capstone Turbine by 43.1% during the 2nd quarter. BlackRock Inc. now owns 493,758 shares of the industrial products company’s stock worth $706,000 after purchasing an additional 148,753 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Capstone Turbine by 46.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,119,109 shares of the industrial products company’s stock worth $1,600,000 after purchasing an additional 355,600 shares during the last quarter. 15.84% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Capstone Turbine (NASDAQ:CPST)

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