Power Equipment Stock Electrified With Profit Expected To Grow 2,400%

Blockhead11-05

American Superconductor (AMSC) is Monday's pick for IBD 50 Stocks To Watch as the electrical-gear company's shares reached a buy point Friday, though it came with a caveat. Shares are coming off two ...

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Shares are coming off two ...</p>\n\n<a href=\"https://www.investors.com/research/power-stock-american-superconductor-asmc-stock/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1989772840.SGD","symbol_name":"CPR Invest - Climate Action A2 Acc SGD-H","start_time":0,"source_url":"https://www.investors.com/research/power-stock-american-superconductor-asmc-stock/","article_id":"2481539198","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2022/06/Stock-powerlinestech-01-adobe-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481539198","pubTimestamp":1730739660,"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"This leading power stock reached a buy point Friday. The company gave upbeat revenue guidance.","collect":0,"end_time":0,"defaultTopTitle":"investors.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","AMSC":"美国超导","BK4127":"投资银行业与经纪业","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","BK4591":"室温超导概念","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0106831901.USD":"贝莱德世界金融基金A2","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","PW":"Power REIT","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU0971096721.USD":"富达环球金融服务 A","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","BK4588":"碎股","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","BK4234":"特殊用途房地产信托","BK4084":"特种房地产投资信托","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","BK4581":"高盛持仓","BK4096":"电气部件与设备","BK4504":"桥水持仓","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD"},"translate_title":"电力设备股电气化盈利预计增长2400%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PW":1,"AMSC":1},"content_text":"American Superconductor (AMSC) is Monday's pick for IBD 50 Stocks To Watch as the electrical-gear company's shares reached a buy point Friday, though it came with a caveat. Shares are coming off two straight days of gains following the company's outstanding earnings report late Wednesday.\nThe stock was volatile Monday morning while still in a new buy zone. Shares were down around 3.3%.\nThe company designs and makes power systems and superconductor wires for power grids and wind turbines. Its products are used by chipmakers, industrial manufacturers and the U.S. Navy.\n\n\n\n↑\nX\n\n\n\n\nHow To Buy Stocks: Cup-With-Handle Chart Pattern\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nHow To Buy Stocks: Cup-With-Handle Chart Pattern\n\n\n\n\nAmerican Superconductor ranks No. 1 out of 46 stocks in the Electrical-Power/Equipment industry group. The group moved up to the No. 65 spot from 81 four weeks ago (out of 197 IBD groups).\nPower Equipment Stock In Buy Zone\nShares are in a deep cup base with an official 32.70 buy point. But a handle with a 27.10 buy point also formed, though the handle is slightly lower than ideal. Handles should form in the upper half the entire base.\nThe power equipment stock reached the handle buy point Friday and is hovering in the 5% buy zone up to 28.46. Shares climbed 4.4% Thursday and 16.4% Friday in heavy volume and have gained around 158% so far this year.\n\nAmerican Superconductor blew fiscal second-quarter earnings estimates out of the water, with 27 cents per share vs. 4 cents per share that analysts expected. And that compared to 1-cent per share a year ago.\nSales growth accelerated to 60% from 32% and 33% in the prior two quarters. The quarter included results from the acquisition of NWL on Aug. 1. NWL provides power supplies to industrial and military customers.\nPower Stock's Forecast\n\"During the second quarter of fiscal 2024 we booked nearly $60 million of new orders, with new energy power systems orders coming in stronger than previously demonstrated,\" said Daniel P. McGahn, president and CEO, in the earnings release.\nManagement guided current-quarter revenue in a range of $55 million to $60 million.\nAnalysts' consensus profit estimate for the fiscal year ending in March shows 50 cents per share, or a 2,400% increase, then a 5% rise the next fiscal year.\nMutual funds have been scooping up shares of the electric equipment stock, with 237 owning American Superconductor in September, up from 183 in June and 132 in March. In addition, its Accumulation/Distribution Rating of B indicates moderate institutional buying over the last 13 weeks.\nThe stock's IBD Composite Rating jumped to a best-possible 99 from 97 and 93 readings last week.\nFollow Kimberley Koenig for more stock market news on X/Twitter @IBD_KKoenig.\nYOU MAY ALSO LIKE:\nAmazon Rival Set To Report Earnings After 103% Profit Surge | Stocks To Watch\nMorgan Stanley Upbeat On This Telehealth Stock; 80% Of Doctors Use It | Stocks To Watch\n3 Stocks Ready To Rally In Bullish IBD Screen; One Shows 400% Expected Growth | Stocks To Watch\nLooking For Market Insights? 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