Market Overview

UPDATE: Rodman & Renshaw Initiates Superconductor Technologies with Market Perform; Commercializing 2G HTS

Related SCON
25 Stocks Moving In Tuesday's Pre-Market Session
Mid-Afternoon Market Update: Hooker Furniture Climbs After Strong Q4 Results; Resources Connection Shares Slide

Rodman & Renshaw initiates its coverage on Superconductor Technologies (NASDAQ: SCON) with a Market Perform rating.

Rodman & Renshaw comments, "SCON has spent the last few years in efforts to commercialize the next generation of HTS wires that should find applications in the deployment of smart energy infrastructure being planned for in various geographies. The adoption of this technology should be driven by cost and performance advantages offered, including fewer deposition steps and use of lower cost raw materials. HTS transmission and distribution cables potentially transmit 5x to 10x the electrical current compared to traditional copper or aluminum cables. Currently, the company is close to producing 100 meter length wires that will be made available to potential customers by year end. A successful execution / delivery of these shorter length wires should set the stage for 1 KM length wires, expected in 2013, bringing the company to execute production on a commercial scale."

SCON closed at $0.67 on Tuesday.

Latest Ratings for SCON

Apr 2017Rodman & RenshawUpgradesBuy
Nov 2015Ladenburg ThalmannUpgradesNeutralBuy
Sep 2015Ladenburg ThalmannDowngradesBuyNeutral

View More Analyst Ratings for SCON
View the Latest Analyst Ratings

Posted-In: Rodman & RenshawAnalyst Color Price Target Initiation Intraday Update Analyst Ratings


Related Articles (SCON)

View Comments and Join the Discussion!