American Superconductor should be bought ahead of catalysts, says PacCrest
Pacific Crest believes that American Superconductor's risk/reward ratio is still favorable and the firm raised its target on the stock to $42. The firm maintains an Outperform rating on the stock. :theflyonthewall.com
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American Superconductor cash,cash equivalents $75.5M as of December 31
AMSC's cash, cash equivalents, marketable securities and restricted cash at December 31 totaled $75.5M.. This is in line with the company's guidance and compares with $108.3M as of September 30. :theflyonthewall.com
American Superconductor reports adjusted Q3 EPS (34c) vs. consensus (41c)
Reports revenue $18.1M vs. consensus $15.97M. Revenues for the third quarter of fiscal 2011 were $18.1M. This compares with $31.6M for the third quarter of fiscal 2010 and $20.8M for the second quarter of fiscal 2011. The year-over-year decline is due primarily to lower shipments from the company's Grid segment while the quarter-over-quarter decline was due to slightly lower shipments of wind turbine power electronics and controls from the company's Wind segment. :theflyonthewall.com
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