Press coverage about Capstone Turbine (NASDAQ:CPST) has trended somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Capstone Turbine earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 46.679962058572 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Microturbine Market 2023: Analysis by Product Types & Applications; Industry Top Players, Regions & Market Overview (theautomarketnews.com)
- The Power Generation Technologies Market 2018: Analysis including Size, Share, Key Drivers, Growth Opportunities … (oracletribune.com)
- Capstone Turbine Co. (CPST) Forecasted to Earn FY2020 Earnings of $0.00 Per Share (americanbankingnews.com)
- Capstone continues penetration in Asia-Pacific (seekingalpha.com)
- Capstone Continues Penetration in Asia-Pacific Region with 1.6 MW Signature Series Order for Large-Scale Development Project in South Korea (finance.yahoo.com)
Shares of Capstone Turbine traded down $0.03, hitting $1.30, during midday trading on Friday, according to MarketBeat Ratings. The company’s stock had a trading volume of 401,725 shares, compared to its average volume of 626,809. Capstone Turbine has a 12-month low of $0.58 and a 12-month high of $1.90. The company has a market cap of $85.38 million, a price-to-earnings ratio of -6.50 and a beta of -0.01.
Capstone Turbine (NASDAQ:CPST) last issued its quarterly earnings results on Tuesday, August 7th. The industrial products company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03). Capstone Turbine had a negative return on equity of 47.04% and a negative net margin of 12.77%. The business had revenue of $21.19 million during the quarter, compared to analysts’ expectations of $20.85 million. research analysts expect that Capstone Turbine will post -0.15 EPS for the current year.
Several research firms have recently issued reports on CPST. Lake Street Capital began coverage on Capstone Turbine in a research note on Friday, June 15th. They issued a “buy” rating and a $3.00 price objective for the company. ValuEngine lowered Capstone Turbine from a “hold” rating to a “sell” rating in a research note on Monday, July 2nd. Maxim Group began coverage on Capstone Turbine in a research note on Wednesday, August 1st. They issued a “buy” rating and a $2.50 price objective for the company. Zacks Investment Research raised Capstone Turbine from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a research note on Tuesday, May 22nd. Finally, HC Wainwright set a $2.00 price objective on Capstone Turbine and gave the company a “buy” rating in a research note on Monday, July 30th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $2.21.
In other Capstone Turbine news, Director Robert C. Flexon purchased 30,000 shares of Capstone Turbine stock in a transaction dated Tuesday, June 12th. The shares were purchased at an average cost of $1.53 per share, for a total transaction of $45,900.00. Following the completion of the acquisition, the director now owns 41,875 shares in the company, valued at approximately $64,068.75. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders bought 49,655 shares of company stock worth $74,843. Company insiders own 1.62% of the company’s stock.
About Capstone Turbine
Capstone Turbine Corporation develops, manufactures, markets, and services microturbine technology solutions for use in stationary distributed power generation applications worldwide. It offers microturbine units, components, and various accessories for applications, including cogeneration comprising combined heat and power (CHP) and integrated CHP, as well as combined cooling, heat, and power; and renewable energy, natural resources, and critical power supply.
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