Why Capstone Turbine's Shares Dropped

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Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Capstone Turbine (NASDAQ: CPST  ) dropped as much as 11% today after reporting fiscal fourth-quarter earnings.

So what: Revenue rose 18% from a year ago, to $35.4 million, and the company lost $4.1 million, or $0.01 per share, in the quarter. Revenue was slightly lower than estimates, and earnings per share were even with expectations. 

Now what: The only other note is that Ardour Capital downgraded the stock to hold, but I don't see anything alarming in the quarter. Capstone is making progress on its way to profitability, and next year may be the year it turns the corner. No reason to change your investment thesis today, although this Fool is waiting to see a positive bottom line before buying in.

Interested in more info on Capstone Turbine? Add it to your watchlist by clicking here.

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  • Report this Comment On June 17, 2013, at 12:27 PM, mstavy wrote:

    Technical Question: You stated that CPST is making progress on its way to profitability, and next year may be the year it turns the corner. CPST reports on a fiscal year (F/Y) basis. The last F/Y ended 3/31/13. The current F/Y ends 3/31/14. The next F/Y ends 3/31/15. My question is when you mean when you state that…next year may be the year…. What fiscal year are you referring to? Or are you referring to a calendar year?

    BTW: Based on what CPST reported for its last F/Y which ended 3/31/13, I agree with you that there is…no reason to change your (i.e. my) investment thesis today.

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Travis Hoium

Travis Hoium has been writing for since July 2010 and covers the solar industry, renewable energy, and gaming stocks among other things.

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Related Tickers

5/24/2016 9:59 AM
CPST $1.61 Up +0.06 +3.86%
Capstone Turbine C… CAPS Rating: *