American Superconductor (AMSC) Surges 5.4%: Is This an Indication of Further Gains?

American Superconductor (AMSC) shares soared 5.4% in the last trading session to close at $10.24. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 12% loss over the past four weeks.The upswing came after the company discloses receiving an $8 million order for its 3-megawatt class wind turbine electrical control systems (ECS) from India’s premium wind turbine manufacturer, Inox Limited. Inox has requested for immediate delivery whi ...