Is Buying Capstone Turbine Corporation (NASDAQ:CPST) Here Good Idea?

September 17, 2017 - By Hazel Jackson

 Is Buying Capstone Turbine Corporation (NASDAQ:CPST) Here Good Idea?

The stock of Capstone Turbine Corporation (NASDAQ:CPST) registered a decrease of 11.8% in short interest. CPST’s total short interest was 3.66 million shares in September as published by FINRA. Its down 11.8% from 4.15M shares, reported previously. With 95,500 shares average volume, it will take short sellers 38 days to cover their CPST’s short positions. The short interest to Capstone Turbine Corporation’s float is 10.43%.

The stock decreased 0.76% or $0.005 on September 15, reaching $0.59. About 258,209 shares traded or 52.24% up from the average. Capstone Turbine Corporation (NASDAQ:CPST) has declined 54.23% since September 17, 2016 and is downtrending. It has underperformed by 70.93% the S&P500.

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 $25.16 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.

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 rating was initiated by H.C. Wainwright with “Buy” on Tuesday, September 22. The firm has “Buy” rating by H.C. Wainwright given on Wednesday, June 14. The stock has “Buy” rating by H.C. Wainwright on Thursday, August 10. The firm has “Perform” rating given on Tuesday, November 17 by Oppenheimer. The firm has “Buy” rating given on Tuesday, July 18 by H.C. Wainwright. As per Friday, October 2, the company rating was downgraded by Craig Hallum. The stock of Capstone Turbine Corporation (NASDAQ:CPST) earned “Buy” rating by Rodman & Renshaw on Tuesday, September 22. The firm earned “Buy” rating on Thursday, March 24 by Rodman & Renshaw. Roth Capital maintained it with “Hold” rating and $0.6500 target in Thursday, August 10 report. The firm has “Hold” rating by Oppenheimer given on Wednesday, August 9.

More notable recent Capstone Turbine Corporation (NASDAQ:CPST) news were published by: Seekingalpha.com which released: “Capstone Turbine Serves A Double Whammy To Investors” on October 19, 2016, also Globenewswire.com with their article: “Capstone Turbine Corporation Executes $12 Million Revolving Credit Facility …” published on June 06, 2017, Seekingalpha.com published: “Capstone Turbine – Primed For A Comeback?” on March 30, 2016. More interesting news about Capstone Turbine Corporation (NASDAQ:CPST) were released by: Prnewswire.com and their article: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Capstone …” published on September 05, 2017 as well as Seekingalpha.com‘s news article titled: “Capstone Turbine Puts A Positive Spin On Bad News” with publication date: February 02, 2017.

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