Jesup amp; Lamont’s Brian Yerger Weighs in on American Superconductor Q3 Results
Source: http://feeds.feedburner.com/~r/smallcappulse/feed/~3/531029816/Posted on Wednesday, February 4th, 2009 | In Small & Micro Cap
February 3, 2009nbsp; – Analyst Comments ndash; Jesup amp; Lamontrsquo;s Brian Yerger reiterated his HOLD rating on American Superconductor (Nasdaq:AMSC) after the company reported Q308 results, noting that despite pressure on global credit, it is benefiting from ldquo;favorable market positioningrdquo;:
Key Takeaways:
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Companyrsquo;s wind business is located in China
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; The U.S. power grid will could be a large revenue driver under the Obama administrationrsquo;s economic recovery package
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Confidence in quarterly financial performance is low
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Valuation parameters will remain conservative, and current valuation reflects a premium
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Adjusted Q4 revenue estimate to $58.8 million from $54.8 million bringing FY08 revenue estimate to $180.3 million from $174.7 million.
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; EPS estimate for Q4 lowered to $0.01 and FY08 EPS increased to ($0.41) from ($0.04).
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; FY09 revenue estimate unchanged at $232.1 million while FY09 EPS reduced to $0.02 from $0.04
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American Superconductor, Brian Yerger, Brian Yerger Weighs;, China, Small & Micro Cap, small cap pulse, The U.S. power grid;, United States, USD
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