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Fly News Breaks for December 31, 2018
CPST
Dec 31, 2018 | 07:06 EDT
H.C. Wainwright analyst Amit Dayal believes the 50% pullback in shares of Capstone Turbine since mid-July overlooks the company's revenue and margin drivers. There are "several catalysts in the story that support a healthy outlook for the company," Dayal tells investors in a research note. These include the recently launched Distributor Support System with $1.1M in funding, demand for lower cost remanufactured systems, expansion in Russia, Middle East, Africa and South America, Dayal writes. He maintains a Buy rating on Capstone Turbine with a $2.00 price target.
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