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Maxim Group Reiterates Buy Rating, $7 PT on American Superconductor

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American Superconductor Is A Diversified Wind, Grid Tech Play

In a report published Monday, Maxim Group reiterated its Buy rating and $7.00 price target on American Superconductor Corporation (NASDAQ: AMSC).

Maxim Group noted, “In AMSC's FY1Q12 report on August 2, revenue remains the critical factor, in our view, given its dire need to surpass fixed costs. While we forecast FY1Q12 revenue of $27m—above guidance of $26m—we expect a pickup in the Shenyang contract to drive FY2Q12 revenue guidance past the Street at $30m. While a $7m write-down reversal should boost FY1Q12 GAAP EPS, upside to non-GAAP EPS guidance for ($0.24) is likely based on recent past. With a revenue recovery in reach, we maintain our Buy rating.”

American Superconductor Corporation closed on Friday at $3.77.

Latest Ratings for AMSC

Jan 2016H.C. WainwrightInitiates Coverage onBuy
Dec 2014Cowen & CompanyInitiates Coverage onOutperform
Dec 2013Ascendiant CapitalDowngradesBuyNeutral

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Posted-In: Maxim GroupAnalyst Color Reiteration Analyst Ratings


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