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
Thursday, October 29, 2009
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