Successful Stock Forecast: Capston Turbine Corporation (NASDAQ: CPST) Gained High Momentum Of 26.39% In 3 Days

Successful Stock Forecast

“A key component to Capstone’s growth strategy is to increase our quarterly aftermarket service revenue and expand aftermarket gross margins to the point that they cover 100% of our quarterly operating costs”

– Darren Jamison, President and Chief Executive Officer of Capstone

CPST office

[Image Source: Regatta Solutions]

Over the 3 days period starting from April 9, 2018, Capstone Turbine’s stock price experienced steep price rise of more than 26%. Taking into account the overall CPST stock performance of +49.35% during fiscal year ended on March 31, 2018, it is it is reasonable to suggest that is the result of the company’s successful active pursue for its presence expansion in the market worldwide. So what is the driver behind that growth  and what happened during 2018 financial year and keeps the company stock price to rise over time? In addition to the available results for 3Q2018 reflecting the total revenue of $22.8 million and a net loss of $0.3 million, or $0.01 loss per share, the company made a very important press release on April 9, 2018 with the following highlights:

  • Capstone Turbine Corporation has secured multiple significant Factory Protection Plan (FPP) aftermarket long-term service contracts as follow-on orders to the 6.9 megawatt (MW) multimillion-dollar contract signed back in early January 2018
  • FPP aftermarket service agreements will cover a major gas producer’s growing microturbine fleet at multiple locations in the Appalachian Basin
  • The fleet consists of over 600 microturbines in continuous duty operation and the coverage is for a total of 2.4 MWs for two C200 microturbines and two C1000 systems deployed at various remote oil and gas locations, bringing the total FPP long-term service coverage with this key oil and gas producer to 9.3 MW

Yahoo finance analysts

[Image Source: Yahoo Finance]

The above highlights could not pass unseen by the market, especially at the start of the company’s new fiscal year, and the reaction was the increase in the analysts expectations in respect of the buy-hold-sell position. Based on the Yahoo Finance data, 4 of 5 analyst covering CPST stock took buy position as of today, and 2 of them actually changed it hold to buy by the end of the company’s fiscal year.

Yahoo finance graph 3 days

[Image Source: Yahoo Finance]

On April 9, 2018, I Know First issued a bullish 3 days forecast for Capston Turbine Corporation (NASDAQ: CPST). The forecast illustrated a signal of 53.52 and a predictability of 0.12. In accordance with the forecast, CPST’s stock returned 26.39% over this period, highlighting the accuracy of the prediction produced by the I Know First algorithm.

IKF CPST Forecast

Current I Know First subscribers received this bullish CPST forecast on April 9, 2018.

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Capstone Turbine Corporation (Nasdaq:CPST) is the world’s leading producer of low-emission microturbine systems and was the first to market commercially viable microturbine energy products. Capstone has shipped over 9,000 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone is a member of the U.S. Environmental Protection Agency’s Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation’s energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2015 and ISO 14001:2015 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the United States, Latin America, Europe, Middle East and Asia.

Disclaimer

Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.