Market Overview

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

Related AMSC
Benzinga's Top Initiations
Cowen Initiates American Superconductor At Outperform

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

Dec 2014Cowen & CompanyInitiates Coverage onOutperform
Dec 2013Ascendiant CapitalDowngradesBuyNeutral
Jun 2013Ascendiant CapitalInitiates Coverage onBuy

View More Analyst Ratings for AMSC
View the Latest Analyst Ratings

Posted-In: Maxim GroupAnalyst Color Reiteration Analyst Ratings


Related Articles (AMSC)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→