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

By Austin Angelo

H.C. Wainwright analyst Amit Dayal reiterated a Buy rating on Amer Superconductor (NASDAQ: AMSC) on May 26 and set a price target of $7. The company’s shares closed last Friday at $4.21, close to its 52-week low of $3.88.

According to TipRanks.com, Dayal is ranked 0 out of 5 stars with an average return of -14.5% and a 30.0% success rate. Dayal covers the Technology sector, focusing on stocks such as Revolution Lighting Technologies, Superconductor Technologies Inc, and Ascent Solar Technologies.

Currently, the analyst consensus on Amer Superconductor is Strong Buy and the average price target is $8.30, representing a 97.1% upside.

In a report issued on May 15, Roth Capital also reiterated a Buy rating on the stock with a $10 price target.

Based on Amer Superconductor’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $16.2 million and GAAP net loss of $6.93 million. In comparison, last year the company earned revenue of $27.53 million and had a GAAP net loss of $3.36 million.

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMSC in relation to earlier this year. Most recently, in February 2015, John Vander Sande, a Director at AMSC sold 5,000 shares for a total of $5,700.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 company operates through two segments: Wind and Grid. The Wind segment enables manufacturers to field wind turbines with exceptional power output, reliability, and affordability. The Grid segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power with exceptional efficiency, reliability, security and affordability. American Superconductor was founded by Yet-Ming Chiang, David A. Rudman, John B. Vander Sande and Gregory J. Yurek on April 9, 1987 and is headquartered in Devens, MA.