H.C. Wainwright analyst Amit Dayal maintained a Buy rating on Capstone Turbine Corp (CPST) today and set a price target of $2. The company’s shares closed last Monday at $0.53, close to its 52-week low of $0.50.
Dayal observed:
“In our opinion, Capstone is positioned favorably in the distributed generation industry, the annual installed capacity of which is expected to grow from just over 100GW in 2018 to nearly 350GW in 2028 (according to Navigant Research). We expect Capstone to continue to grow its market share in this growing market and estimate revenues to increase from $91.1M in FY2026, growing at an six-year CAGR of 18.2%. We have used a DCF analysis to arrive at a price target of $2.00 per share for the company.”
According to TipRanks.com, Dayal is a 3-star analyst with an average return of 1.5% and a 43.0% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Advanced Emissions Solutions, Inc., Ballard Power Systems, and Orion Energy Systems.
Capstone Turbine Corp has an analyst consensus of Moderate Buy, with a price target consensus of $0.70, representing a 37.3% upside. In a report issued on September 5, Maxim Group also maintained a Buy rating on the stock with a $0.70 price target.
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Based on Capstone Turbine Corp’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 $4.9 million.
Based on the recent corporate insider activity of 31 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 microturbine technology solutions. It targets vertical markets worldwide such as natural resources, energy efficiency, renewable energy, critical power supply, transportation, and microgrids.
