AMSC Reports First Quarter Fiscal 2017 Financial Results and Provides Business Outlook
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American Superconductor (AMSC) PT Lowered to $6 at Cowen
August 9, 2017 5:31 PM EDTCowen lowered its price target on American Superconductor (NASDAQ: AMSC) to $6.00 (from $7.50) while maintaining a Outperform rating following 1Q results. AMSC reported 1Q17 revenue of $8.9mn, slightly above the consensus estimates of $8.5mn. Gross margin of (50%) was far below both the 17.5% in the... More
