Quick Win by the Algorithm: American Superconductor Corporation (AMSC)

Quick Win by the Algorithm

American Superconductor Corporation

On February 23rd, 2016, the I Know First algorithm gave a bullish signal of 10.78 for the ticker AMSC with a predictability indicator of 0.49. In accordance with the algorithm’s prediction, AMSC jumped 74.27% in the following three months.

quick win

American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company conducts its business through two segments: Wind and Grid. Through its Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines.

AMSC has largely recovered from its alleged IP theft case that nearly devastated the company five years ago. Indeed, AMSC recently signed a large, long-term contract to provide wind solutions which will generate a large revenue and cash flow over the next several years. Also, the company has several developing opportunities to deploy disruptive solutions that incorporate its superconductor technology.

On its last earnings, we could see that AMSC’s financial health has significantly improved as indebtedness has declined. AMSC is planned to release its Q1 2016 on May 26th, 2016. Great improvements are expected.


To learn more about AMSC, Click HERE