Capstone Turbine Corporation (CPST) has risen sharply, recording gains of 12.33% in the past 4 weeks. However, the stock has corrected -4.09% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 12.48% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.34% and the 50-Day Moving Average is 9.7%.The 200 Day SMA reached 12.48%. Capstone Turbine Corp. is up 7.19% in the last 3-month period. Year-to-Date the stock performance stands at 17.14%.
Capstone Turbine Corporation (NASDAQ:CPST): The stock opened in the green at $1.68 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $1.71 and a low of $1.64 for the day. The stock did not find buyers even at the lows and closed at $1.64 recording a loss of -2.96%. 195,195 shares exchanged hands during the trading day. The stock had closed at $1.69 in the previous days trading.
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 Companys 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.