Craig-Hallum buyers of AMSC amid post-report weakness

Craig-Hallum analyst Eric Stine would buy shares of American Superconductor as the firm contends that post report and conference call weakness in the shares “does not match with a quarter that checked most every box.” Fiscal Q1 revenue was within the guided range, above Street estimates and up over 30% year-over-year, while EBITDA and EPS beat expectations, the analyst tells investors. American Superconductor is a critical solution provider enabling the increased use of renewables, the shift to electrification and the growing demand for power and its recent acquisition of NWL, Inc. means its “market position is only strengthened,” the analyst added. The firm keeps a Buy rating and $33 price target on AMSC shares.