Core Viewpoint - American Superconductor (AMSC) is currently rated as a 1 (Strong Buy) stock with a Momentum Style Score of B, indicating strong potential for short-term price increases [2][6]. Company Performance - AMSC shares have increased by 1.25% over the past week, outperforming the Zacks Electronics - Miscellaneous Components industry, which rose by 0.98% during the same period [3]. - Over the past month, AMSC's stock price has risen by 11.87%, significantly higher than the industry's 2.52% performance [3]. - In the last quarter, AMSC shares have risen by 22.14%, and over the past year, they have surged by 97.73%, while the S&P 500 has only increased by 16% and 24.81%, respectively [4]. Trading Volume - AMSC's average 20-day trading volume is 1,873,725 shares, which serves as a bullish indicator when combined with rising stock prices [4]. Earnings Estimates - In the past two months, two earnings estimates for AMSC have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from -$0.18 to -$0.08 [5]. - For the next fiscal year, two estimates have also moved upwards with no downward revisions during the same period [5].

Group 1 - Madison Square Garden Entertainment Corp. (MSGE) has seen a 7.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - The AZEK Company Inc. (AZEK) has experienced a 15.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Xerox Holdings Corporation (XRX) has reported a 16.4% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - American Superconductor Corporation (AMSC) has seen a significant 55.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Sensus Healthcare, Inc. (SRTS) has experienced a 14.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2]

Group 1: Meta Platforms, Inc. (META) - Meta Platforms has a Zacks Rank of 1 and its current year earnings estimate increased by 9% over the last 60 days [1] - The company's shares rose by 42.2% over the last three months, outperforming the S&P 500's 12.5% increase [1] - Meta possesses a Momentum Score of A [1] Group 2: American Superconductor Corporation (AMSC) - American Superconductor has a Zacks Rank of 1 and its current year earnings estimate increased by 55.6% over the last 60 days [1] - The company's shares gained 30.3% over the last three months, also outperforming the S&P 500's 12.5% increase [1] - American Superconductor possesses a Momentum Score of A [1] Group 3: The Clorox Company (CLX) - The Clorox Company has a Zacks Rank of 1 and its current year earnings estimate increased by 14.9% over the last 60 days [2] - The company's shares increased by 17.3% over the last three months, compared to the S&P 500's 12.5% advance [2] - Clorox possesses a Momentum Score of B [2]

American Superconductor (AMSC) closed the last trading session at $10.59, gaining 3.6% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $13.33 indicates a 25.9% upside potential.The average comprises three short-term price targets ranging from a low of $9 to a high of $16, with a standard deviation of $3.79. While the lowest estimate indicates a decline of 15% from the current price ...

Group 1 - American Superconductor Corporation (AMSC) has seen a 55.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Meta Platforms, Inc. (META) has experienced a 9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - The Clorox Company (CLX) has recorded a 14.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - ImmunoPrecise Antibodies Ltd. (IPA) has seen an 8.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Kemper Corporation (KMPR) has experienced a 14.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2]

Core Viewpoint - American Superconductor Corporation (AMSC) has announced a public offering of 5,400,000 shares of its common stock priced at $11.25 per share, expecting gross proceeds of $60,750,000 before expenses [1] Group 1: Offering Details - The offering consists of 5,400,000 shares priced at $11.25 each, with expected gross proceeds of $60,750,000 [1] - AMSC plans to use the net proceeds for working capital and general corporate purposes [1] - Underwriters have a 30-day option to purchase up to 810,000 additional shares [1] - The offering is expected to close around February 2, 2024, subject to customary conditions [1] Group 2: Underwriters and Regulatory Filings - Oppenheimer & Co. Inc. is the sole book-running manager for the offering, with Craig-Hallum Capital Group LLC and Roth Capital Partners, LLC as co-managers [2] - A shelf registration statement for the shares has been filed with the SEC and is effective [2] - A preliminary prospectus supplement and accompanying prospectus have been filed with the SEC, with a final prospectus supplement to follow [3]

Core Viewpoint - American Superconductor Corporation (AMSC) announced its intention to offer and sell shares of its common stock in an underwritten public offering, with the net proceeds intended for working capital and general corporate purposes [1] Group 1: Offering Details - AMSC plans to grant underwriters a 30-day option to purchase additional shares in the public offering [1] - Oppenheimer & Co. Inc. is acting as the sole book-running manager for the offering [2] - A shelf registration statement for the shares has been filed with the Securities and Exchange Commission (SEC) and is effective [2] Group 2: Prospectus Information - A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC to describe the terms of the proposed offering [3] - The securities will be offered only by means of a prospectus, including a prospectus supplement, forming part of the effective registration statement [3] - Copies of the preliminary prospectus supplement and accompanying prospectus can be obtained from Oppenheimer & Co. Inc. [3]

Investors might want to bet on American Superconductor (AMSC) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. ...

Key PointsAmerican Superconductor provides power resiliency systems worldwide for power grids and wind turbines.The company reported its second consecutive quarter of non-GAAP EPS profits and 64.8% YoY revenue growth.Twelve-month backlog rose 25% YoY to $132 million.5 stocks we like better than American SuperconductorMegawatt-scale power resiliency solutions provider American Superconductor Co. NASDAQ: AMSC shares surged 40% on its Q3 2023 earnings report and upside guidance. The computer and technology sec ...

Financial Data and Key Metrics Changes - Total revenue for Q3 2023 was $39.4 million, up from $23.9 million in the same quarter last year, representing a growth of approximately 65% [14] - Gross margin improved to 25% in Q3 2023 from 2% in the year-ago quarter, driven by higher revenues and a favorable product mix [14][15] - Non-GAAP net income for Q3 2023 was $900,000 or $0.03 per share, compared to a net loss of $7.7 million or $0.27 per share in the prior year [15] Business Line Data and Key Metrics Changes - The grid segment accounted for approximately 85% of total revenue, growing over 60% year-over-year, while the wind segment contributed 15% and grew about 90% [8][14] - New energy power systems orders averaged over $30 million per quarter during fiscal year 2023, with wind and solar projects accounting for approximately two-thirds of total orders [10] Market Data and Key Metrics Changes - The company booked over $34 million in new orders during Q3 2023, increasing the 12-month backlog to over $137 million, a nearly 25% increase compared to the previous year [9] - Strong demand was noted across various markets, including renewables, industrials, and military applications, indicating a diversified customer base [18] Company Strategy and Development Direction - The company aims to continue diversifying its grid business and expanding its market presence in renewables, mining, and military sectors [19][20] - A focus on integrating acquisitions to broaden product offerings and enhance market competitiveness was emphasized [22][52] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, citing strong market demand and a robust pipeline of opportunities, particularly in the wind market in India and U.S. Navy programs [18][20] - The company believes it is well-positioned to capitalize on trends related to climate change, electrification of transportation, and investments in renewables and semiconductors [21][53] Other Important Information - The company expects Q4 2023 revenues to be in the range of $36 million to $40 million, with a net loss not exceeding $3.5 million [16] - Operating cash flow for Q3 2023 was positive at $1.3 million, marking the second consecutive quarter of positive cash flow [15][17] Q&A Session Summary Question: Discussion on the 3-megawatt order and its expected impact - Management indicated that the 3-megawatt order would be balanced between the first two quarters of fiscal 2024, with delivery dependent on timely payments from the customer [25][26] Question: Impact of pricing on year-over-year growth - Management noted that pricing initiatives have been reconciled with costs, and while pricing contributed to growth, the increase in project sizes also played a significant role [35][36] Question: Trends in supply chain and lead times - Lead times have improved to 9 to 15 months depending on the product line, which is expected to facilitate the conversion of backlog to revenue [47][48] Question: Expansion of product portfolio - Management expressed interest in further expanding the product portfolio through both in-house development and potential acquisitions [45][46]