Why American Semiconductor Stock Just Jumped 10%
AMSCAmerican Superconductor (AMSC) The Motley Fool·2024-01-18 01:54

One day after winning a modest-size contract to supply wind turbine electrical control systems to a wind turbine manufacturer in India, shares of American Superconductor (AMSC 9.46%) shot 10% higher this morning. As of 11:55 a.m. ET, the stock remains up 8%. Helping to sustain the momentum: A price target hike this morning from investment bank Craig-Hallum, which specifically cited the Indian contract as a reason to buy American Superconductor stock. Super news for American Superconductor As American Superc ...