H.C. Wainwright Remains a Buy on Capstone Turbine (CPST)

By Austin Angelo

In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Capstone Turbine (CPSTResearch Report), with a price target of $8.00. The company’s shares closed last Monday at $2.50, close to its 52-week low of $1.88.

According to TipRanks.com, Dayal is a 1-star analyst with an average return of -0.3% and a 41.3% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Orion Energy Systems, and Ceco Environmental.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Capstone Turbine with a $6.50 average price target.

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Based on Capstone Turbine’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $5.59 million. In comparison, last year the company had a GAAP net loss of $4.36 million.

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Capstone Turbine Corp. develops, manufactures, markets and services microturbine technology solutions. It targets vertical markets worldwide such as natural resources, energy efficiency, renewable energy, critical power supply, transportation, and microgrids.