Ardour Capital Downgrades Capstone Turbine (CPST) to Accumulate; 4Q11 Results Below Expectations
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Price: $28.06 +0.04%
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
6 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Ardour Capital downgraded Capstone Turbine (NASDAQ: CPST) from Buy to Accumulate. PT $1.80.
Ardour analyst says, "In our view, CPST is experiencing some friction in growing the Company, a common theme in the early stages of a high-growth company. Specifically, CPST had challenges managing its supply chain during the quarter, which revealed itself in both the top and bottom line. Despite these growing pains, we maintain our positive outlook on the Company. We believe the future is bright as end-markets are strong and CPST has demonstrated an ability to sell into these end-markets. In addition, CPST has recorded record backlog, which will push revenue growth forward."
For more ratings news on Capstone Turbine click here and for the rating history of Capstone Turbine click here.
Shares of Capstone Turbine closed at $1.72 yesterday.
Ardour analyst says, "In our view, CPST is experiencing some friction in growing the Company, a common theme in the early stages of a high-growth company. Specifically, CPST had challenges managing its supply chain during the quarter, which revealed itself in both the top and bottom line. Despite these growing pains, we maintain our positive outlook on the Company. We believe the future is bright as end-markets are strong and CPST has demonstrated an ability to sell into these end-markets. In addition, CPST has recorded record backlog, which will push revenue growth forward."
For more ratings news on Capstone Turbine click here and for the rating history of Capstone Turbine click here.
Shares of Capstone Turbine closed at $1.72 yesterday.
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