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.