(AMSC) American Superconductor Corporation Analyst Downgrades Shares to Underperform
Posted on April 07, 2011 at 10:07 AM EDT
We downgrade our recommendation for American Superconductor Corporation (AMSC) from Neutral to Underperform. Our downgrade is inspired by the refusal of its largest customer – Sinovel Wind Group Co. Ltd to accept further shipments. Sinovel is China’s largest and the world’s third largest wind turbine manufacturer. American Superconductor would be paying a high price for [...] (AMSC) American Superconductor Corporation Analyst Downgrades Shares to Underperform
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