Revenue Update on Capstone Turbine Corporation(NASDAQ:CPST)

Capstone Turbine Corporation(NASDAQ:CPST) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Jun 9, 2016. Company reported revenue of $18.87M. Analysts estimated a revenue of $19.14M. Earnings per share were $-0.25. Analysts had estimated an EPS of $-0.32.

In a different note, On Mar 24, 2016, Rodman & Renshaw said it Maintains its rating on Capstone Turbine Corporation. In the research note, the firm Lowers the price-target to $12.00 per share. The shares have been rated ‘Buy’ by the firm.

Several Insider Transactions has been reported to the SEC. On Aug 19, 2015, Eliot G Protsch (director) purchased 125,000 shares at $0.41 per share price.Also, On Aug 18, 2015, Jayme L. Brooks (CFO) purchased 10,000 shares at $0.40 per share price.On Aug 18, 2015, Richard K Atkinson (director) purchased 23,000 shares at $0.43 per share price, according to the Form-4 filing with the securities and exchange commission.

Capstone Turbine Corporation (Capstone) develops manufactures 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 to one megawatt in electric power output. The Company sells complete microturbine units subassemblies components and various accessories. It also remanufactures microturbine engines and provides after-market parts and services. It serves various markets including energy efficiency renewable energy natural resources critical power supply transportation and marine.

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