Roth Capital Starts American Superconductor (AMSC) at Buy

October 10, 2016 4:05 PM EDT
Get Alerts AMSC Hot Sheet
Price: $7.30 --0%

Rating Summary:
    8 Buy, 9 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 6 | Down: 3 | New: 2
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Roth Capital initiates coverage on American Superconductor (NASDAQ: AMSC) with a Buy rating and a price target of $10.00.

Analyst Philip Shen commented, "American Superconductor Corporation (NASDAQ: AMSC) has established itself as a leading provider of MW scale solutions in the wind market. With the wind business providing a base for revenues, management is pursuing growth opportunities with disruptive solutions enabled by the company’s proprietary HTS wire. As AMSC makes progress on its key REG project with ComEd and its ship protection contract with the Navy, we see attractive potential for revenue growth acceleration. Initiating at Buy, $10PT."

For an analyst ratings summary and ratings history on American Superconductor click here. For more ratings news on American Superconductor click here.

Shares of American Superconductor closed at $6.96 yesterday.

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