American Semiconductor Stock Soared Today. When Will It Be a Buy?

Investors in American Superconductor (AMSC 6.28%) stock are having a pretty good week so far. On Tuesday, the provider of technology to electrical grid operators and wind turbine manufacturers announced an enlarged follow-on order from Inox Wind, a wind turbine manufacturer in India. That, in turn, elicited a price target boost and a renewed buy rating from analyst Eric Stine of investment bank Craig-Hallum on Wednesday morning.Investors quickly responded to the price target hike, bidding up American Superc ...