American Superconductor has signed a follow on order with Dongfang Turbine this morning and the companies will jointly design and develop 5MW wind turbines for the offshore wind power market. Dongfang is a top China machinery company that entered the wind turbine market 5 years ago and is currently China’s 3rd largest wind turbine manufacturer. Under a prior agreement with AMSC, the company will soon enter production of the 2.5MW turbine in the 2nd … Read the rest
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2010 Alternative Energy Forecast
By Jeff Siegel of GreenChipStocks.com
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In the 1973 movie Papillon (adapted from the 1969 French novel by Henri Charriere), there’s a scene where Papillon is considering jumping off a cliff to escape the island on which he is being imprisoned. His friend Dega says, “It seems so desperate. You think it will work?”
And Papillon replies, “Does it matter?”
Papillon had two options: Stay on the island and … Read the rest
American Superconductor (AMSC) Gets Another Upgrade – Raymond James Strong Buy
A few minutes ago AMSC received yet another upgrade and it still isn’t budging much! Over the past couple months the company has made some bullish announcements and received upgrades from several analysts, but the stock is having a tough time getting going again. It continues to work on carving out a new base and making its way up the right side though.
Raymond James also came out minutes ago with an upgrade of the … Read the rest
Piper Jaffray Reiterates Overweight On American Superconductor (AMSC)
Piper Jaffray is out reiterating its Overweight rating on American Superconductor (AMSC) this morning with a price target of $45.
Hat tip to StreetInsider.com for the following analyst comment:
“We reiterate our Overweight rating on increased visibility into China wind growth. Using a sum of the parts valuation, we value the AMSC Power Systems business at $44, based on ~34x our CY2010 segment GAAP EPS estimate of $1.30 (from $1.29) a premium with the leading … Read the rest
Suntech (STP) & American Superconductor (AMSC) Get Upgrades
The good news keeps rolling in for American Superconductor (AMSC) with a couple new orders and upgrades in the last week or so, but the stock doesn’t seem to want to move much on the news. Perhaps today it can get going on an upgrade from Needham from Hold to Buy. The firm has a $40 price target on it.
Also getting an upgrade this morning is Suntech Power (STP) which was upgraded from Sell … Read the rest
American Superconductor (AMSC) Affirms 2009 Guidance, Guides Above Street For 2010
American Superconductor (AMSC) is up about 3% in premarket trading after affirming 2009 guidance and guiding 2010 EPS above analyst estimates. For 2009, the company sees revenues of $300 – 310 million and an EPS of .59 – .64 both of which are about what analysts expect. For 2010, the company sees revenues of more than $400 million and an EPS of more than $1.15 which is significantly greater than the $1.04/share analysts are estimating … Read the rest
American Superconductor (AMSC) Corp Gets Order From Hyundai
American Superconductor Corp just announced that Hyundai Heavy Industries Co., Ltd. has placed a follow on order for 30 sets of electrical control systems to be used in AMSC’s 1.65 MW wind turbines. Hyundai also ordered electrical control systems for their own 2 MW turbine prototype from AMSC. All of the equipment ordered by Hyundai is scheduled to be shipped by May of next year.
In a press release, Timothy Poor, AMSC’s Senior Vice President … Read the rest
American Superconductor Corp (AMSC) Receives $10 Million Turbine Component Order From CSR-ZELRI
China’s CSR Zhuzhou Electric Locomotive Research Institute Co., Ltd. (“CSR-ZELRI”) has just placed a follow-on order with American Superconductor Corp for $10 million worth of wind turbine core electrical components, according to this . CSR-ZELRI will use the parts to build turbines using the 1.65 MW wind turbine design it licensed from AMSC’s subsidiary, AMSC Windtec. This is the largest that CSR-ZELRI has placed thus far, bringing the total amount of orders placed with AMSC … Read the rest
American Superconductor (AMSC) Beats, Raises Guidance, UP 10%
American Superconductor (AMSC) reported another impressive quarter, beating analyst estimates by a wide margin. The company posted EPS of .19/share which was .07 better than expectations . They posted a loss in the year ago quarter. Revenues were strong as well at $74.7 million and about 10% ahead of analyst estimates (85% greater than year ago quarter). They are also raising their full year 2009 revenue guidance from $260 – $270 to $300 – 310 … Read the rest
JANCO Upgrades American Superconductor (AMSC) Ahead Of Earnings
JANCO Partners upgraded American Superconductor (AMSC) from Market Perform to Accumulate ahead of its earnings report on Thursday.
Hat tip to StreetInsider.com for the following analyst comment:
“In view of the recent pullback in the stock price and continued momentum of the Chinese wind market benefiting AMSC, we are upgrading the stock to Accumulate. We believe that the company has a reasonable chance of outperforming Street expectations given that Sinovel accelerated their ramp schedule of … Read the rest