In a report released today, Colin Rusch from Oppenheimer maintained a Buy rating on Capstone Turbine Corp (CPST), with a price target of $3. The company’s shares closed yesterday at $0.85, close to its 52-week low of $0.69.
Rusch noted:
“CPST delivered top-line results in line with its early October pre-announcement, while EPS was modestly below consensus as higher costs related to the transition of its distribution channel offset stronger growth. We continue to see CPST work to diversify its revenue mix and position its distribution channel for future growth. At the same time, we believe the company’s effort on cost reduction coupled with manufacturing absorption as utilization improves will yield strong operating leverage and improving cash management into the back-half of the fiscal year. Leaving our estimates mostly intact, we remain constructive on shares and retain our $3 PT.”
According to TipRanks.com, Rusch is a 5-star analyst with an average return of 9.1% and a 48.9% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as Canadian Solar Inc, Fuelcell Energy, and SunPower Corp.
Currently, the analyst consensus on Capstone Turbine Corp is a Strong Buy with an average price target of $2.50.
See today’s analyst top recommended stocks >>
Based on Capstone Turbine Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $4.9 million. In comparison, last year the company had a GAAP net loss of $3.67 million.
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.
