Follow The Short Interest: Is Capstone Turbine Corporation (NASDAQ:CPST) a Buy? The Stock Reported more Sellers

November 28, 2016 - By Adrian Mccoy   ·   0 Comments

Follow The Short Interest: Is Capstone Turbine Corporation (NASDAQ:CPST) a Buy? The Stock Reported more Sellers

The stock of Capstone Turbine Corporation (NASDAQ:CPST) registered an increase of 27.78% in short interest. CPST’s total short interest was 2.16M shares in November as published by FINRA. Its up 27.78% from 1.69 million shares, reported previously. With 779,700 shares average volume, it will take short sellers 3 days to cover their CPST’s short positions. The short interest to Capstone Turbine Corporation’s float is 7.31%. About 59,774 shares traded hands. Capstone Turbine Corporation (NASDAQ:CPST) has declined 45.51% since April 25, 2016 and is downtrending. It has underperformed by 51.52% 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 a market cap of $31.41 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

Out of 6 analysts covering Capstone Turbine Corporation (NASDAQ:CPST), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Capstone Turbine Corporation has been the topic of 10 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock has “Perform” rating given by Oppenheimer on Tuesday, November 17. The rating was downgraded by Craig Hallum to “Hold” on Friday, October 2. Rodman & Renshaw maintained the shares of CPST in a report on Thursday, March 24 with “Buy” rating. The firm earned “Buy” rating on Tuesday, September 22 by H.C. Wainwright. Rodman & Renshaw initiated the shares of CPST in a report on Tuesday, September 22 with “Buy” rating.

CPST Company Profile

Capstone Turbine Corporation (Capstone), incorporated on March 9, 2000, 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’s microturbines are used as battery charging generators for hybrid electric vehicle applications. 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. The Firm sells complete microturbine units, subassemblies, components and various accessories. It also remanufactures micro turbine engines and provides after-market parts and services. The Company’s microturbines are sold primarily through distributors and original equipment manufacturers (OEMs). It serves various markets, including energy efficiency, renewable energy, natural resources, critical power supply, transportation and marine.

More news for Capstone Turbine Corporation (NASDAQ:CPST) were recently published by: Seekingalpha.com, which released: “Capstone Turbine Serves A Double Whammy To Investors” on October 19, 2016. Globenewswire.com‘s article titled: “DOE Funds Argonne National Lab to Test Capstone Microturbines with Hydrogen …” and published on October 20, 2016 is yet another important article.

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By Adrian Mccoy


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