Posts for Ticker ‘AMSC’

American Superconductor Discounting Contract Wins (AMSC)

American Superconductor Corporation (NASDAQ: AMSC) is one of the (almost) cult stocks out there in the field of alternative energy and green energy as its has proprietary megawatt-scale wind turbine designs and electrical control systems.  The company has announced two orders this week, yet shares are ignoring the news.  It seems that the valuation and performance is going to demand from the company.
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Posted on: November 18, 2009 – 10:22 am in Alternative Energy, Green Biz,

Top Analyst Downgrades (AMSC, T, MU, MS, RWT, SYMC, UBSI, VZ)

These are some of the top pre-market analyst downgrades and cautious research calls from Wall Street this Thursday morning:

American Superconductor (AMSC) Cut to Hold at Deutsche Bank.
AT&T (T) Cut to Neutral at at JPMorgan.
Micron Tech (MU) Cut to Hold at Deutsche Bank.
Morgan Stanley (MS) Cut to Market Perform at KBW.
Redwood Trust (RWT) Cut to Neutral at at JPMorgan.
Symantec (SYMC) Cut to Hold at Jefferies.
United Bankshares (UBSI) Cut to Underperform at KBW.
Verizon (VZ) Cut to Neutral at at JPMorgan.

JON C. OGG

Posted on: May 7, 2009 – 6:24 am in Analyst Calls, , , , , , , ,

American Superconductor Secures Over 2-Years Worth of Orders (AMSC)

American Superconductor Corp. (NASDAQ: AMSC) announced this morning that it has received a $450 million follow-on order from China’s Sinovel Wind Corp. Ltd. for core electrical components.  The components will be used for 1.5 megawatt (MW) wind turbines in shipments scheduled to begin in January 2009 and increase in amount each year through the contract completion date in December 2011.  As far as how this compares in size, the company generated $52.18 million in fiscal March 2007 and $96.8 million in fiscal March 2008.  Back in may it had $199 million in backlog and gave guidance for the fiscal year March 2009 ahead in a range of $165 to $175 million.

American Superconductor closed at $36.08 yesterday and shares are indicated up almost $1.00 with almost no volume having traded hands with 1 hour and 40 minutes to the open.  It trades about 818,000 per day and its market cap is $1.5 Billion with a 52-week trading range of $15.51 to $39.50.

Jon C. Ogg
June 10, 2008

Posted on: June 10, 2008 – 6:54 am in Alternative Energy,

Top 10 Pre-Market Analyst Calls (ABT, AEIS, AMSC, CREE, DRS, FORM, RAIL, NVS, PNSN, SOV)

These are ten of the impact analyst calls we are seeing this Friday morning:

  • Abbott Labs (NYSE: ABT) started as Buy at UBS.
  • Advanced Energy (NASDAQ: AEIS) Raised To Overweight By JP Morgan.
  • American Superconductor (NASDAQ: AMSC) Cut to Hold from Buy at Jefferies.
  • Cree (NASDAQ: CREE) started as Hold Lazard Capital.
  • DRS Tech (NYSE: DRS) cut to Neutral at UBS; cut to market perform at FBR.
  • FormFactor (NASDAQ: FORM) Raised To Overweight From Neutral By JP Morgan.
  • FreightCar America (NASDAQ: RAIL) Raised to Buy from Hold at Jefferies.
  • Novartis AG (NYSE: NVS) raised to Outperform at Bernstein.
  • Penson Worldwide (NASDAQ: PNSN) Raised to Overweight at JP Morgan.
  • Sovereign Bancorp (NYSE: SOV) Raised To Market Perform at KBW.

Jon C. Ogg
May 9, 2008

Jon Ogg produces and edits the "10 Stocks Under $10" weekly newsletter for 247WallSt.com.

Posted on: May 9, 2008 – 6:37 am in Analyst Calls, , , , , , , , , ,

Alternative Energy Stocks Get Favorable Research (AMSC, CLNE, ESLR, FSLR, ITRI, SPWR)

There were several different analyst calls today in the alternative energy sector.  There is new buy coverage out of UBS in some of the more active solar stocks.

Alternative Energy Analyst Calls:
American Superconductor (AMSC) started as Buy at Deutsche Bank.
Clean Energy Fuels (CLNE) started as Strong Buy at Broadpoint Capital.
Evergreen Solar (ESLR) started as Buy with a $20 target at UBS.
First Solar (FSLR) started as BUY with a $350 target at UBS.
Itron (ITRI) started as Buy at Deutsche Bank.
Sunpower (SPWR) started as Buy with a $144 target at UBS.
Jon C. Ogg
December 13, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: December 13, 2007 – 9:36 am in Alternative Energy, Analyst Calls, , , , , ,

Pre-Market Analyst Calls (November 5, 2007)

ACA cut to Underperform at Credit Suisse.
ACW raised to Neutral at UBS.
AMSC started as Buy at Jefferies.
ATPG cut to Underperform at RBC.
BSC cut to Equal Weight at Lehman.
BSY cut to Neutral at Merrill Lynch.
CNP raised to Buy at Jefferies.
CPT cut to Neutral at B of A.
DRE cut to Neutral at UBS.
FSLR started as Sector Perform at CIBC.
GLF raised to Buy at Jefferies.
GNA raised to Outperform at CIBC.
HD cut to Hold at Deutsche Bank.
LLY cut to Underweight at HSBC.
LOW cut to Hold at Deutsche Bank.
MER cut to Equal Weight at Lehman.
NLC raised to Neutral at UBS.
PDGI raised to BUy at Jefferies.
PVTB raised to Overweight at JPMorgan.
TUES raised to Outperform at Piper Jaffray.
WCG raised to Buy at Jefferies.
WST raised to Buy at UBS.

Jon C. Ogg
November 5, 2007

Posted on: November 5, 2007 – 7:46 am in Analyst Calls, , , , , , , , , , , , , , , , , , , , ,

The Business Day In Global Warming (WMI, AMSC, BP, RDS, COST, ENCS)

Waste Management, Inc. (NYSE: WMI) announced a major national initiative to expand its roster of landfill gas to energy (LFGTE) facilities. The program will result in the creation of an additional 60 renewable energy facilities across the country — including the potential of two additional facilities in South Carolina — over the next five years.

New Poll Finds Most Favor Nuclear Energy To Meet NJ’s Rapidly Increasing Electric Demand

American Superconductor Corporation (NASDAQ: AMSC), a leading energy technologies company, today introduced a Static VAR Compensator (“SVC”) product line. AMSC also announced that it has received its first transmission-level SVC order from Bonneville Power Administration (BPA), operator of 75 percent of the high voltage transmission grid in the Pacific Northwest.

Costco (NASDAQ:COST) and PermaCity team to deliver 2.4 Megawatts of Solar Electric Power to La Habra, Westlake Village, Simi Valley and Culver City Costco Warehouses.

Encore Energy Systems, Inc. (OTC: ENCS) issued a stockholder update: Jack Tarry, CEO said: "We remain on a rapid and strong path of growth and expansion. We will continue updating stockholder on our progress. We have many exciting developments to report in the coming days and weeks. This update further demonstrates our ability to set goals and deliver accordingly."   This sounds more like noise rather than news.

BP (NYSE:BP) and the Massachusetts Institute of Technology (MIT) announced a major research partnership around energy conversion technologies. The program will explore the conversion of low-value carbon feedstocks such as petcoke and coal to high-value products such as electricity, liquid fuels and chemicals while minimizing carbon dioxide emissions.

Baard Energy, L.L.C. has acquired a technology license from Shell U.S. Clean Coal Energy Inc., part of Royal Dutch Shell (NYSE:RDS), to use its Coal Gasification Process in the gasification portion of its proposed $5 billion coal-to-liquid fuel (CTL) project located in Columbiana County, Ohio.  The project will produce over 50,000 barrels per day of jet and diesel fuel, and other liquid products from coal and biomass feedstock.

Green Private Equity Fund, With A Hockey Twist

Jon C. Ogg
September 25, 2007 

As a reminder, whether you prefer the term "Global Warming" or"Climate Change" is not the issue as far as 24/7 Wall St. covers it.Green business has become big business, and this affects many publiccompanies today.

Posted on: September 25, 2007 – 2:42 pm in Alternative Energy, , , , , , , , ,

The Business Day In Global Warming (ASTI, NHY, AES, CLNE, EFOI, WMT, AMSC, BSRC)

Ascent Solar Technologies, Inc. (NASDAQ:ASTI) and Hydro Building Systems, a division of Norsk Hydro (NYSE: NHY), today announced plans for the development of a new Brise Soleil product line incorporating thin film flexible solar modules manufactured by Ascent Solar.

Newly released sales figures from R.L. Polk reveal that an increased number of alternative fuel automobiles were sold in the second quarter of 2007. Between April and June of this year, nearly 490,000 AFA’s were sold nationwide, an increase of 27 percent over the same period last year, bringing the total number of AFAs to nearly 11.5 million on American roads.  For more information about Alternative Fuel Automobiles, visit www.DiscoverAlternatives.com.

AES Corporation (NYSE:AES) today announced plans to begin construction of Buffalo Gap 3, a 170 MW expansion of its Buffalo Gap wind farm near Abilene, Texas. Once completed, the project will increase capacity at Buffalo Gap to 524 MW, making it one of the largest operating wind farms in the United States. Commercial operations are expected to begin mid-2008.

Clean Energy (Nasdaq:CLNE) has entered a five-year agreement to supply the Metropolitan Transit District in Santa Cruz, California with clean-burning liquefied natural gas fuel for its growing fleet of natural gas powered buses. Santa Cruz Metro plans, by mid-2008, to operate 63 CNG buses, including 10 currently in service and by replacing 53 older diesel-fueled buses with new or re-powered natural gas models.

Energy Focus, Inc. (NASDAQ: EFOI),formerly Fiberstars, Inc., a player in energy-efficient lighting technologies has received orders from Wal-Mart for installations of Energy Focus’s EFO(R) downlight system in a Wal-Mart Super Center and a Sam’s Club in Cabo San Lucas, Mexico.

American Superconductor Corp. (NASDAQ: AMSC) announced at the HUSUMwind 2007 trade show in Germany that it has received a follow-on order for approximately $20 million in wind turbine electrical systems from Beijing-based Sinovel Wind Corporation Limited. The order follows a $70 million order received from Sinovel Wind in July 2007.

BioSolar Inc. (OTCBB: BSRC) has been rated “Speculative Buy” with a target price of $.84 by Beacon Equity Research Analyst, Victor Sula, PhD.  The full report is available at http://www.BeaconEquityResearch.com, but be advised that reports of this sort often not exactly what they seem.

Jon C. Ogg
September 18, 2007 

As a reminder, whether you prefer the term "Global Warming" or "Climate Change" is not the issue as far as 24/7 Wall St. covers it.  Green business has become big business, and this affects many public companies today.

Posted on: September 18, 2007 – 3:45 pm in Alternative Energy, , , , , , , , , , , , , , ,

Pre-Market Stock News (June 28, 2007)

(AAPL) Apple’s iPhone launches tomorrow.
(ABPI) Accentia Biopharma announced favorable interim blinded data on SinuNase in its fast-tracked pivotal Phase III clinical trial.
(ALVR) Alvarion in pact with Australian government over a WiMAX contract for rural and regional broadband.
(AMSC) American Superconductor won two new Dept of Energy superconductor power grid projects totaling $21.7 million.
(ATML) Atmel $0.06 EPS vs $0.05e.
(BBBY) Bed Bath & Beyond $0.38 EPS vs $0.37e.
(BZH) Beazer Homes fired chief accounting officer.
(CAMD) California Micro lowered guidance.
(CRMT) America’s Car-Mart $0.12 EPS vs $0.10e.
(D) Dominion will initiate a modified Dutch Auction for roughly 55 million shares of its own common stock.
(DRIV) Digital River traded down more than 10% after an earnings warning.
(F) Ford announced zero percent financing incentives for 3-years.
(GIS) General Mills $0.62 EPS vs $0.63e.
(GRB) Gerber Scientific $0.24 EPS vs $0.23e.
(IMA) Inverness Medical announces FDA clearance of the BinaxNOW malaria antigen detection rapid test.
(KBH) KB Homes -$1.93 EPS vs $0.07e; unsure if charges are in numbers.
(NVLS) Novellus guides orders and bookings toward lower-end of prior range.
(PALM) Palm announces earnings after the close.
(PAYX) Paychex $0.36 EPS vs $0.36e.
(PLA) Playboy is opening a Playboy Mansion in Macau in 2009 according to USA Today.
(RAD) Rite-Aid $0.04 EPS vs -$0.01 estimate; unsure if comparable.
(RHT) Red Hat $0.16 EPS & $118.9M revenues (estimates were $0.15/$117.15M).
(RIMM) R-I-M announces earnings after the close.
(STZ) Constellation Brands names Rob Sands CEO effective July 26.
(TASR) Taser formed an alliance with iRobot.
(VOD) Vodafone is in talks to get Apple’s iPhone exclusive in Europe.

Jon C. Ogg
June 28, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: June 28, 2007 – 7:17 am in Pre-Market Activity, , , , , , , , , , , , , , , , , , , , , ,