Market Overview

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

Related AMSC
20 Biggest Mid-Day Losers For Friday
22 Stocks Moving In Friday's Pre-Market Session

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

Oct 2016Roth CapitalInitiates Coverage OnBuy
Jun 2016OppenheimerInitiates Coverage onOutperform
May 2016FBR CapitalInitiates Coverage onOutperform

View More Analyst Ratings for AMSC
View the Latest Analyst Ratings

Posted-In: Maxim GroupAnalyst Color Reiteration Analyst Ratings


Related Articles (AMSC)

View Comments and Join the Discussion!