Capstone Turbine "buy," target price raised

04/15/08 - Lazard Capital Markets

NEW YORK, April 15 (newratings.com) - Analysts at Lazard Capital maintain their "buy" rating on Capstone Turbine Corporation (CPST), while raising their estimates for the company. The target price has been raised from $2.50 to $6.

In a research note published yesterday, the analysts mention that the company has recently announced robust bookings, with three orders representing sales of nearly $10 million in the last two weeks. Capstone Turbine is in the nascent stages of rapid growth and appears to be gaining robust traction in its target markets, the analysts add. The shipment estimate for 2012 has been raised from 200MW to 400MW. The EPS estimate for FY09 has been raised from -$0.18 to -$0.17.