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Jefferies & Co. has a Buy rating and a $41 price target on American Superconductor Corporation
AMSC.
In a note sent to clients, Jefferies writes, "The old target established in 2007 was 30GW by 2020. China exceeded its previous target in 2010 and we estimate the current installed capacity is ~42GW. The focus will be large size wind farms in Northwest China, North China, and Northeast China. We believe American Superconductor is the best play for the Chinese wind sector because its largest customer Sinovel is No. 1 in China with increasing domestic shares and will likely expand its presence in oversea markets."
Shares of AMSC lost 22 cents yesterday to close at $33.46, a loss of 0.65%.
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