AMSC positive trends continue with guidance raise, says Craig-Hallum

Craig-Hallum says AMSC raised its revenue and operating cash flow guidance for Q2 in another indicator of the positive trends underway across its business. While not totally unexpected as the previous guidance did not include the acquisition of NWL which closed August 1, AMSC’s new outlook is well above its previous range and nicely above Street expectations and illustrates the immediate accretion, the analyst tells investors in a research note. The firm reiterates a Buy rating on the shares with a $33 price target.