How Analysts Feel About Capstone Turbine Corporation (CPST) After Touching 52 Week Low?

September 13, 2017 - By Marie Mckinney

The stock of Capstone Turbine Corporation (NASDAQ:CPST) hit a new 52-week low and has $0.54 target or 9.00 % below today’s $0.59 share price. The 8 months bearish chart indicates high risk for the $25.28 million company. The 1-year low was reported on Sep, 13 by Barchart.com. If the $0.54 price target is reached, the company will be worth $2.28M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

About 237,594 shares traded or 48.77% up from the average. Capstone Turbine Corporation (NASDAQ:CPST) has declined 54.23% since September 13, 2016 and is downtrending. It has underperformed by 70.93% the S&P500.

Capstone Turbine Corporation (NASDAQ:CPST) Ratings Coverage

Among 6 analysts covering Capstone Turbine Corporation (NASDAQ:CPST), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Capstone Turbine Corporation had 16 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Capstone Turbine Corporation (NASDAQ:CPST) earned “Buy” rating by Rodman & Renshaw on Thursday, March 24. The firm earned “Buy” rating on Thursday, August 10 by H.C. Wainwright. Rodman & Renshaw initiated the stock with “Buy” rating in Tuesday, September 22 report. The firm has “Buy” rating by H.C. Wainwright given on Wednesday, June 14. As per Tuesday, November 17, the company rating was initiated by Oppenheimer. The stock of Capstone Turbine Corporation (NASDAQ:CPST) has “Buy” rating given on Tuesday, July 18 by H.C. Wainwright. The stock of Capstone Turbine Corporation (NASDAQ:CPST) earned “Hold” rating by Oppenheimer on Wednesday, August 9. H.C. Wainwright initiated Capstone Turbine Corporation (NASDAQ:CPST) on Tuesday, September 22 with “Buy” rating. The firm earned “Hold” rating on Wednesday, June 14 by Oppenheimer. The company was downgraded on Friday, October 2 by Craig Hallum.

More notable recent Capstone Turbine Corporation (NASDAQ:CPST) news were published by: Seekingalpha.com which released: “Capstone Turbine Puts A Positive Spin On Bad News” on February 02, 2017, also Globenewswire.com with their article: “Capstone Turbine to Present at the 19th Annual Rodman & Renshaw Global …” published on September 08, 2017, Globenewswire.com published: “Capstone Turbine to Attend the 3rd Annual Roth Capital Partners Cleantech …” on June 15, 2017. More interesting news about Capstone Turbine Corporation (NASDAQ:CPST) were released by: Globenewswire.com and their article: “Capstone Secures Direct Drying Project for Italian Wood Chip and Wood Flour …” published on September 11, 2017 as well as Prnewswire.com‘s news article titled: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Capstone …” with publication date: September 05, 2017.

Capstone Turbine Corporation develops, makes, markets and services microturbine technology solutions for use in stationary distributed power generation applications, including cogeneration (combined heat and power), integrated combined heat and power (ICHP), and combined cooling, heat and power (CCHP), renewable energy, natural resources and critical power supply. The company has market cap of $25.28 million. The Company’s microturbines are used as battery charging generators for hybrid electric vehicle applications. It currently has negative earnings. Capstone offers micro turbines for commercial, industrial and utility users with product offerings ranging from 30 kilowatts (kW) to 1 megawatt in electric power output.

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