In a report released yesterday, Tate Sullivan from Maxim Group maintained a Hold rating on Capstone Turbine (CPST). The company’s shares closed last Wednesday at $5.10.
According to TipRanks.com, Sullivan is a 4-star analyst with an average return of 3.9% and a 47.7% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Natural Gas Services Group, Ceco Environmental, and BioHiTech Global.
Currently, the analyst consensus on Capstone Turbine is a Moderate Buy with an average price target of $7.50, which is a 42.9% upside from current levels. In a report released yesterday, Oppenheimer also maintained a Hold rating on the stock.
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Based on Capstone Turbine’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $14.19 million and GAAP net loss of $1.82 million. In comparison, last year the company earned revenue of $19.24 million and had a GAAP net loss of $5.59 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. Its products range from 30 kilowatts to one megawatt in electric power output for commercial, industrial, and utility purposes. It also sells microturbine units, components, and accessories. The company was founded in 1988 and is headquartered in Van Nuys, CA.
