Capstone Turbine (NASDAQ:CPST) Upgraded by Zacks Investment Research to Buy

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Capstone Turbine (NASDAQ:CPST) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, Zacks.com reports. The brokerage currently has a $5.25 target price on the industrial products company’s stock. Zacks Investment Research‘s price target points to a potential upside of 10.29% from the company’s current price.

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. “

Separately, Maxim Group cut shares of Capstone Turbine from a “buy” rating to a “hold” rating and set a $2.50 target price for the company. in a research report on Tuesday, June 30th.

NASDAQ:CPST opened at $4.76 on Tuesday. Capstone Turbine has a one year low of $1.00 and a one year high of $6.00. The company has a market cap of $52.47 million, a P/E ratio of -2.28 and a beta of 2.14. The firm’s fifty day moving average price is $4.44 and its two-hundred day moving average price is $2.93. The company has a debt-to-equity ratio of 2.72, a current ratio of 2.46 and a quick ratio of 1.65.

Capstone Turbine (NASDAQ:CPST) last released its quarterly earnings data on Thursday, August 6th. The industrial products company reported ($0.17) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.05. Capstone Turbine had a negative net margin of 28.38% and a negative return on equity of 117.38%. The firm had revenue of $14.19 million for the quarter, compared to the consensus estimate of $14.10 million. As a group, equities research analysts expect that Capstone Turbine will post -0.94 earnings per share for the current year.

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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