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Capstone Gains 6 Percent on Analyst Coverage

The stock price of Capstone Turbine Corp. went up 7 cents Friday after research firm Cowen & Co. initiated coverage with an outperform rating. Shares in the Chatsworth manufacturer of natural gas-powered micro-turbines opened Friday at $1.12 and closed at $1.19, an increase of 6.25 percent. Cowen put a target price of $1.90 on the stock, a 59 percent premium to its current price. A report from Cowen said that Capstone should increase its market penetration due to the fuel flexibility and efficiency of its micro-turbines. The company is modeling positive earnings before interest, taxes and depreciation for fiscal year 2015 and an operating margin in the mid-teens by fiscal year 2017, the report said.

Mark Madler
Mark Madler
Mark R. Madler covers aviation & aerospace, manufacturing, technology, automotive & transportation, media & entertainment and the Antelope Valley. He joined the company in February 2006. Madler previously worked as a reporter for the Burbank Leader. Before that, he was a reporter for the City News Bureau of Chicago and several daily newspapers in the suburban Chicago area. He has a bachelor’s of science degree in journalism from the University of Illinois, Urbana-Champaign.
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