Maxim Group analyst James Jang reiterated a Buy rating on Capstone Turbine Corp (CPST) today and set a price target of $2.50. The company’s shares closed yesterday at $0.85, close to its 52-week low of $0.69.
Jang wrote:
“Tuesday, after market close, CPST reported F2Q19 revenue of $22.2M, above our inline estimate of $21.8M, and an operating loss per share of ($0.06), a penny wider than our inline estimate of ($0.05).”
According to TipRanks.com, Jang is a 5-star analyst with an average return of 16.9% and a 49.5% success rate. Jang covers the Services sector, focusing on stocks such as Sino-Global Shipping America, Nordic American Tanker, and Eagle Bulk Shipping.
Capstone Turbine Corp has an analyst consensus of Strong Buy, with a price target consensus of $2.50, a 195.7% upside from current levels. In a report released today, Oppenheimer also assigned a Buy rating to the stock with a $3 price target.
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The company has a one-year high of $1.90 and a one-year low of $0.69. Currently, Capstone Turbine Corp has an average volume of 558.6K.
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.
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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.
