Yea, Mcgahn sounded like China's wind infrastructure has not been kept updated. Chinese gov better decide
What they want to do with sinovel, pay up or bk it.
What a joke, how telling management to hit the road.
Thx Barry, hopefully it continues to hold offering price.
Maybe Mcgahn threw yours truly a bone, after all he has suffered the most and deserves cheap shares, realistically the only way he can get even. Never seen anything like this in my lifetime.
What's the big secret
MLV Reiterates Buy On American Superconductor Shares, Sees 98% Upside For The Stock
In a research report issued yesterday, MLV analyst Carter Driscoll reiterated a Buy rating on American Superconductor (NASDAQ:AMSC) with a price target of $2.10, which represents a potential upside of 98.1% from where the stock is currently trading.
Driscoll commented, “Revenues of $12.5M grew 6% q/q, although down y/y, as Chinese wind customer JCNE was in volume production last year. Adjusted EPS of $0.14 was $0.02 better than our forecasts on tight cost controls. With the recent follow-on orders from #1 wind customer Inox Wind, and three new D-VAR orders, AMSC guided to a stronger 2HFY14 – projecting total FY14 revenues of $65-$75M and F3Q14 revenues of $18-20M (midpoint up 50% q/q). Backlog also improved q/ q to $68M from $62M, the 2nd consecutive quarter of growth. AMSC remains on track to complete phase I of its resilient electric grid (REG) contract with the Department of Homeland Security (DHS) and utility ComEd (EXE-NR) by F1Q15. Interest in the REG project is high among other municipalities and utilities and we expect a successful implementation could be a springboard for future contracts. We view the company’s progress in its order book and cost containment positively while still cognizant of the need to preserve cash as AMSC executes on its growth strategy. We maintain our BUY and $2.10 PT. Key takeaways: • Growing backlog shows improvement in core business. We view the improving backlog as evidence AMSC is executing on its growth strategy. #1 customer Inox Wind placed ~$55M worth of orders over the past 6 months while AMSC booked three new D-VAR orders in the U.S, Canada and the UK. Together these orders helped boost backlog to $68M, up from ~$35M just 2 quarters ago. We also believe AMSC is also close to announcing a contract”
They can't be happy rite now.