2024-07-06 09:00:00 ET
Summary
- I identified AMSC as a growth opportunity in August 2023, initially rated Hold, upgraded to Buy, and now Strong Buy with stock up over 300% in the past year.
- AMSC is driving growth in power solutions for Renewables, Mining, Semiconductors, and Military applications, with strong revenue growth and potential for significant future growth in semiconductors.
- Financial performance shows impressive revenue growth, gross margin expansion, and positive outlook for FY2024, with Wall Street analysts and SA Quant system giving strong ratings.
As a writer and an investor in the stock market, one thing that I take great pleasure in involves identifying unique opportunities in under-covered growth stocks and then sharing that knowledge with my followers. While my own personal investing objectives have mostly shifted from growth stocks to income-oriented investments now that I am in retirement, I still enjoy following and even investing relatively small amounts of my own money in a few select growth opportunities. One of those opportunities that I first identified about a year ago is the small cap company American Superconductor Corporation ( AMSC )....
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American Superconductor: Diverse Power Solutions Fuel Revenue Growth