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American Superconductor Shares Initiated At Outperform By Oppenheimer


Oppenheimer's Colin Rusch initiated coverage on shares of American Superconductor Corporation (NASDAQ: AMSC) with an Outperform rating and $12 price target on Monday.

"We believe AMSC has built a portfolio of value-added IP and is positioned to benefit in both its Windtec and Gridtec businesses from long-term secular trends including aging utility infrastructure and the proliferation of intermittent renewable energy generation," Rusch wrote in a note.

The Oppenheimer analyst suggested American Superconductor will need to focus on three areas to achieve profitability:

  • "Diversifying its revenue stream;
  • Leveraging its existing customer base;
  • Taking advantage of the near-term core product opportunities."

American Superconductor shares closed Tuesday's session up around 6 percent at $8.90, Rusch's new price target implied potential upside of about 35 percent.

Latest Ratings for AMSC

Nov 2020Canaccord GenuityDowngradesBuyHold
Jan 2020Canaccord GenuityInitiates Coverage OnBuy
Jun 2018B. Riley FBRMaintainsNeutralNeutral

View More Analyst Ratings for AMSC
View the Latest Analyst Ratings


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Posted-In: Colin Rusch OppenheimerAnalyst Color Price Target Initiation Analyst Ratings

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