H.C. Wainwright Thinks Capstone Turbine Corp’s Stock is Going to Recover

By Austin Angelo

In a report released today, Amit Dayal from H.C. Wainwright reiterated a Buy rating on Capstone Turbine Corp (NASDAQ: CPST), with a price target of $2. The company’s shares closed yesterday at $0.78, close to its 52-week low of $0.61.

According to TipRanks.com, Dayal is ranked 0 out of 5 stars with an average return of -10.9% and a 33.8% success rate. Dayal covers the Technology sector, focusing on stocks such as Revolution Lighting Technologies, Superconductor Technologies Inc, and Ascent Solar Technologies.

Capstone Turbine Corp has an analyst consensus of Moderate Buy, with a price target consensus of $1.38.

The company has a one year high of $1.97 and a one year low of $0.61. Currently, Capstone Turbine Corp has an average volume of 294.6K.

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Capstone Turbine Corp. develops, manufactures, markets and services micro turbine technology solutions for use in stationary distributed power generation applications, including cogeneration combined heat and power, integrated combined heat and power, and combined cooling, heat and power, renewable energy, natural resources and critical power supply. Capstone Turbine was founded in 1988 and is headquartered in Chatsworth, CA.