H.C. Wainwright Thinks Superconductor Technologies Inc’s Stock is Going to Recover


In a report released today, Amit Dayal from H.C. Wainwright maintained a Buy rating on Superconductor Technologies Inc (SCON), with a price target of $9. The company’s shares closed yesterday at $1.86, close to its 52-week low of $0.84.

Dayal said:

“We expect the company to begin shipping initial lengths of wire to its NGEM customers in 1Q19, and to generate meaningful revenues from these efforts only in 2H19 and beyond. Our estimate for 2018 revenues is $1.8M, comprising mostly of DoE revenue.”

According to TipRanks.com, Dayal has 0 stars on 0-5 star ranking scale with an average return of -9.1% and a 32.2% success rate. Dayal covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Capstone Turbine Corp, and UQM Technologies Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Superconductor Technologies Inc with a $9 average price target.

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The company has a one-year high of $12.88 and a one-year low of $0.84. Currently, Superconductor Technologies Inc has an average volume of 136.8K.

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Superconductor Technologies, Inc. engages in the provision of high temperature superconducting materials and related technologies. Its products include Conductus superconducting wire, wireless solutions, and cryogenic solutions. The company was founded on May 11, 1987 and is headquartered in Austin, TX.

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