Oppenheimer analyst Colin Rusch maintained a Buy rating on Amer Superconductor (NASDAQ: AMSC) today. The company’s shares opened today at $6.44.
According to TipRanks.com, Rusch is a 5-star analyst with an average return of 16.1% and a 49.8% success rate. Rusch covers the Industrial Goods sector, focusing on stocks such as Capstone Turbine Corp, Canadian Solar Inc, and Fuelcell Energy.
Currently, the analyst consensus on Amer Superconductor is a Moderate Buy with an average price target of $7.
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Based on Amer Superconductor’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $6 million. In comparison, last year the company had a GAAP net loss of $15.25 million.
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American Superconductor Corp. is a provider of megawatt-scale solutions. It engages in generating the ideas, technologies and solutions that meet the demand for smarter, cleaner better energy. The firm operates through two segments: Wind and Grid.
