AMSC price target raised to $64 from $45 at Oppenheimer

Oppenheimer raised the firm’s price target on AMSC (AMSC) to $64 from $45 and keeps an Outperform rating on the shares. With American Superconductor delivering strong beat-and-raise results in Q1 and demonstrating operating leverage potential, the firm is encouraged by customer activity, improving performance of combined solutions, and potential for accelerated growth. Tweaking revenue, gross margin, and OpEx estimates higher, Oppenheimer believes AMSC continues to pursue its acquisition strategy which could result in a step-change higher in financials.