Capstone Turbine Corp (CPST) Received its Third Buy in a Row


After H.C. Wainwright and Oppenheimer gave Capstone Turbine Corp (NASDAQ: CPST) a Buy rating last month, the company received another Buy, this time from Maxim Group. Analyst James Jang reiterated a Buy rating on Capstone Turbine Corp today and set a price target of $2.50. The company’s shares closed yesterday at $1.42.

Jang said:

“Tuesday, after market close, CPST reported F1Q19 revenue of $21.2 million, above our relatively inline estimate of $21.0 million, and an operating loss per share of $(0.08), wider than our estimate of $(0.04) and consensus estimate of a loss of $(0.05).”

According to TipRanks.com, Jang is a 4-star analyst with an average return of 19.9% and a 50.5% success rate. Jang covers the Services sector, focusing on stocks such as Dynagas LNG Partners LP, Nordic American Tanker, and Eagle Bulk Shipping.

Currently, the analyst consensus on Capstone Turbine Corp is a Strong Buy with an average price target of $2.63, an 85.2% upside from current levels. In a report issued on July 30, H.C. Wainwright also maintained a Buy rating on the stock with a $2 price target.

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The company has a one-year high of $1.90 and a one-year low of $0.58. Currently, Capstone Turbine Corp has an average volume of 674.6K.

Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CPST in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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