Tag Archives: american superconductor

Brean Murray Bullish On Smart Grid Stocks (AMSC, ENOC, ITRI)

Brean Murray is out with a bullish call on the smart grid sector this morning and believes that with healthcare reform out of the way, the government will return its attention back to energy and energy efficiency.  Hat tip to Street Insider for the following analyst comment.

“…With (Fed’s) funding checks expected by the second half of 2010 accelerating smart grid deployment projects, and an expectation for increased federal attention back toward energy and efficiency … Read the rest

American Superconductor (AMSC) Lands $20 Million India Order

American Superconductor (AMSC) has received an initial $20 million order from Ghodawat Energy of India for wind turbine electrical control systems.  Ghodawat is a significant player in the India wind energy market, operating over 150 turbines that generate over 100MW of electricity across four states.  The company has a capacity of 400 turbines per year and has begun manufacturing 1.65MW doubly fed wind turbines designed using AMSC’s proprietary technology.  AMSC will begin shipping the electrical … Read the rest

American Superconductor (AMSC) Receives Record Smart Grid Order From Vestas

American Superconductor (AMSC) is pushing higher in premarket trading on news that it has received a record grid interconnection order from wind energy giant Vestas.  It’s subsidiary, Vestas Australian Wind Technology has placed an order with AMSC for a large D-VAR-based grid interconnection system, utilizing 24 D-VAR modules integrated with external smart-switched capacitor banks that are optimized for wind farm applications.

AMSC components will be used at the 206MW Collgar Wind Farm in Western Australia … Read the rest

Needham Reiterates Buy Rating On American Superconductor (AMSC)

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Needham is out reiterating its Buy rating on American Superconductor (AMSC) and has a $40 price target.

Hat tip to Street Insider for the analyst comment: “Two separate announcements this week in AMSC’s fast-growing wind power business, and its long-term growth engine, the superconducting wire business, have increased our confidence in the company’s growth prospects. The announcement earlier this week of an initial order from Sinovel Read the rest

American Superconductor (AMSC) Expands Alliance With LS Cable For Korea Smart Grid

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American Superconductor (AMSC) and LS Cable of South Korea, who is the third largest power cable manufacturer in the world, have announced an expanded superconductor power cable business alliance.  The first began working together last year and this expansion calls the collaborative deployment of more than 30 miles of smart grid power cables over the next five years.

The power cable systems manufactured by LS … Read the rest

American Superconductor (AMSC) Upgrade, Energy Conversion (ENER) Underperform

Two noteworthy analyst notes this morning on American Superconductor (AMSC) and Energy Conversion Devices (ENER).

Wedbush maintains its Underperform rating on ENER and is lowering the price target from $9 to $7.  Hat tip to Street Insider for the following analyst note:

===> Click Here For Your FREE Energy Conversion Analysis

“We believe ENER will continue to struggle as oversupply conditions continue and demand for niche products like flexible BIPV remains below expectations. While we … Read the rest

American Superconductor (AMSC) Receives Initial Sinovel Order For 5MW Wind Turbine Guts

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Sinovel is expected to begin installing its 5MW wind turbine prototypes within the next year with American Superconductor (AMSC) supplying the electrical guts of  the system.  AMSC announced it has received an initial order and expects to ship it out in the second half of this year. 

Sinovel is China’s largest wind turbine manufacturer, shipping out 2400 1.5MW and 100 3MW turbines last year.  It’s next generation … Read the rest

Despite Upgrade & Buy Rating, American Superconductor (AMSC) Whacked Again

American Superconductor (AMSC) continued selling off today following its strong earnings report.  Traders obviously don’t believe it was a strong enough report to support the high valuation and so the stock drops into a much needed base.  It looks to me like it’s headed to that 200 day moving average just below the $32 level.

The selling continues today despite two upgrades – from Janco Partners and Brean Murray.

Janco upgraded the stock from Read the rest

American Superconductor (AMSC) Beats Estimates, Raises Guidance But Selling On News

American Superconductor (AMSC) reported another strong quarter this morning, handily beating Wall St estimates once again.  The company reported a  Q3 EPS of $0.20 which beat estimates by .06/share on revenues of $80.7 million which was also better than what Wall St was expecting.  That’s a 100% increase in revenues from the year ago quarter and a turn to profitability (reported a loss of -.18/share in year ago quarter), but the stock is selling on … Read the rest

American Superconductor (AMSC) Adds $70 Million China Wind Turbine Parts Order

American Superconductor (AMSC) is announcing this morning another order out of China, this time a $70 million order from Shenyang Blower Works for wind turbine electrical control systems.  The order is the largest initial order for the electrical control systems AMSC has ever received.

SBW will use the parts in the 2MW doubly fed induction turbines developed with AMSC.  The company plans to begin putting up the turbines next month, but the parts from AMSC … Read the rest