Weakness Seen in Capstone Turbine (CPST): Stock Tumbles 9.5%
Capstone Turbine Corp. (CPST) saw a big move last session, as the company’s shares fell more than 9% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This reverses the recent trend for CPST, as the stock is now up more than 7% since Feb 12.
The company has seen a mixed track record when it comes to current year estimate revisions over the past few weeks. One estimate was revised lower while there was no upward revision. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
CPST currently has a Zacks Rank #4 (Sell) while its Earnings ESP is zero.
Some better-ranked stocks in the industrial goods sector include Altra Industrial Motion Corp. (AIMC), EnerSys (ENS) and Graco Inc. (GGG). All these stocks carry a Zacks Rank #2 (Buy).
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CAPSTONE TURBINE CP (CPST): Free Stock Analysis Report
ALTRA INDUSTRIAL MOTION CORP (AIMC): Free Stock Analysis Report
ENERSYS (ENS): Free Stock Analysis Report
GRACO INC (GGG): Free Stock Analysis Report
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