American Superconductor shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates. Additionally, Roth MKM raised its price target on the stock from $27 to $29.
Portfolio Pulse from Benzinga Newsdesk
American Superconductor shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates. Roth MKM also raised its price target on the stock from $27 to $29.
August 08, 2024 | 4:24 pm
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American Superconductor shares are trading higher after the company reported better-than-expected Q1 financial results and issued Q2 revenue guidance above estimates. Roth MKM raised its price target from $27 to $29.
The better-than-expected Q1 financial results and higher Q2 revenue guidance are positive indicators for American Superconductor's future performance. Additionally, the raised price target by Roth MKM suggests increased confidence in the stock, likely driving short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100