Quick Win by the Algorithm: AMSC Almost Doubling Returns in 1 Year

Quick Win by the Algorithm

American Superconductor Corporation (AMSC)

On November 15th, 2016, the I Know First algorithm had predicted a bullish forecast for American Superconductor Corporation (AMSC). AMSC had a signal of 341.03 and a predictability of 0.48. In accordance with the algorithm, the company reported long-position capital gains of 90.07%, experiencing a quick win by the algorithm.

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AMSC (AMSC) generates the ideas, technologies, and solutions that meet the world’s demand for smarter, cleaner … better energy. Through its Windtec Solutions, AMSC provides wind turbine electronic controls and systems, designs and engineering services that reduce the cost of wind energy. Through its Gridtec Solutions, AMSC provides the engineering planning services and advanced grid systems that optimize network reliability, efficiency, and performance. The company’s solutions are now powering gigawatts of renewable energy globally and enhancing the performance and reliability of power networks in more than a dozen countries. Founded in 1987, AMSC (American Superconductor) is headquartered near Boston, Massachusetts with operations in Asia, Australia, Europe and North America.

Quick Win by the Algorithm

With increasing environmental awareness and the push towards renewable energy, the green movement has successfully entered the market. AMSC specifically caters to this market and is shown by its returns that it’s a growing player in the movement. Their Gridtec Solutions seem to be pushing them further into the growing market. AMSC also reported better than expected earnings on Q2, which came out to be ($0.60) per share, $0.12 better than the projected ($0.72) per share.

This bullish forecast on AMSC was sent to current I Know First subscribers on November 15th, 2015. 

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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