Rodman & Renshaw Retains Outperform, Target on Capstone Turbine

Rodman & Renshaw reiterates its Outperform/Aggressive risk rating and price target of $2.50 for Capstone Turbine Corp.

on revenues that were in line with expectations and slight miss of EPS estimates. Rodman & Renshaw noted, “Adjusted EPS of $(0.03) missed our $(0.02) estimate by a penny. We adjust to exclude the non-cash impact of the mark-to-market on the warrant liability. For F'3Q12 we are now modeling EPS of $(0.02), versus our previous estimate of $(0.01). We have also reduced our F'12 and F'13 estimates to $(0.09) and $0.05, respectively, versus our prior estimates of $(0.06) and $0.06. We view this as still representing very good growth results for shareholders.” CPST closed at $1.06 on Wednesday.