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Capstone Green Energy downgraded to Hold from Buy at Lake Street
The Fly

Capstone Green Energy downgraded to Hold from Buy at Lake Street

Lake Street analyst Robert Brown downgraded Capstone Green Energy to Hold from Buy with a price target of $1.55, down from $15, to reflect the “uncertain range of outcomes,” which could include a bankruptcy that would cause a complete loss for equity holders or a debt for equity swap that would “drastically dilute shareholders,” after the company filed an 8-K last Friday amending its debt agreement and requiring a transaction support agreement be agreed by August 22 and closed by September 15.

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