American Superconductor Corp. (NASDAQ:AMSC) may be overvalued as wind-turbine inventories at Sinovel increase, according to a Bloomberg report, which cited Barron's.
American Superconductor Corporation is an energy technologies company that offers solutions based upon its programmable power electronic converters and high temperature superconductor (HTS) wires. The Company serves the utility, industrial and wind power markets.
American Superconductor has a potential upside of 18.5% based on a current price of $33.48 and an average consensus analyst price target of $39.67.
American Superconductor is currently below its 50-day moving average (MA) of $34.60 and should find support at its 200-day MA of $30.55.
In the last five trading sessions, the 50-day MA has climbed 0.74% while the 200-day MA has risen 0.4%.