Thursday, October 29, 2009

American Superconductor Superhero (AMSC)

American Superconductor Corporation (NASDAQ: AMSC) is not that active yet in the early hours.  Yet.  The company posted increased revenues of 85% to $74.7 million and non-GAAP EPS to $0.19; it generated $35.8 million in cash from operations and it increased its order backlog to $587 million.  The company also raised guidance.  Shares closed at $28.84 yesterday, but shares are up 15% as a top pre-market winner at $33.19 on about 22,000 shares as of 8:57 AM EST.  Average volume is about 1.03 million shares, but you can expect that to be hit early with this sort of jump.  The 52-week trading range is $8.22 to $39.90, so it is obviously a volatile trading stock.  JON OGG


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