Industrial Goods Top Losers: Capstone Turbine Corporation (NASDAQ:CPST), Ameresco (NYSE:AMRC), Highpower International (NASDAQ:HPJ), Raven Industries (NASDAQ:RAVN)

Posted by on Mar 14, 2014

Stock analysts at Capstone lifted their target price on shares of Capstone Turbine (NASDAQ:CPST) from $1.90 to $2.70 in a report issued on Tuesday, StockRatingsNetwork reports. Capstone’s price target indicates a potential upside of 16.38% from the company’s current price. Capstone Turbine Corporation (NASDAQ:CPST) stock opened at $2.37 in last trading session, and closed at $2.20, trading in the range of $2.13 – $2.42. The stock showed a positive/negative weekly performance of 0.58%.

Equities researchers at Canaccord Genuity cut their price objective on shares of Ameresco (NASDAQ:AMRC) from $11.50 to $10.00 in a research report issued on Friday, AnalystRatingsNetwork reports. Canaccord Genuity’s target price indicates a potential upside of 22.70% from the stock’s previous close. Ameresco Inc (NYSE:AMRC) shares closed at $8.15 on last trade day, by gaining / losing -0.68%. Stock 52 week range is $ 6.56 – 10.88. Company’s market capitalization is $ 373.50 million.

03/13/14 — Highpower International, Inc. (NASDAQ: HPJ), a developer, manufacturer, and marketer of nickel-metal hydride (Ni-MH) and lithium rechargeable batteries and battery solutions, today announced that it will release financial results for the fourth quarter and year ended December 31, 2013, before the market opens on Tuesday, March 25, 2014. The Company will host a conference call that day at 7:00 a.m. Pacific time/10:00 a.m. Eastern time to discuss those results and answer questions. Highpower International Inc (NASDAQ:HPJ) stock decreased/advanced -5.30% and finished the last session at $ 4.47. The EPS of the stock remained 0.06. Company’s market capitalization is $ 62.48 billion.

Raven Industries, Inc. (NASDAQ:RAVN) shares fell 11% on reporting a 23% year-over-year decline in its fourth-quarter fiscal 2014 (ended Jan 31, 2014) earnings to 23 cents per share. The earnings fell short of the Zacks Consensus Estimate of 32 cents by a wide margin. Sales increased 3% year over year to $92.6 million, missing the Zacks Consensus Estimate of $97 million. The growth was driven by improved revenues in the Aerostar segment, partly offset by decreased revenues in the Applied Technology segment. Cost of sales rose 7% year over year to $67 million. Gross profit declined 4% to $25.8 million from $26.9 million in the year-ago quarter. Gross margin contracted 200 basis points to 28% from the year-ago quarter. Raven Industries, Inc. (NASDAQ:RAVN) stock closed at $33.10 in last trading session. The 52 week range of the stock is $28.38 – $42.99.

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