Going to pick up coverage again on $AMSC as American Superconductor has been a favorite of mine over the year but the ”valuation” was just too high ……….now, with a 25% haircut since earnings, the growth will come back to AMSC over time. AMSC is executing and delivering sound results , this is a ””nibble”’ and not a gulp like I recommend on APWR. APWR valuation is approaching the ridiculous levels given their upcoming record quarters . Of course this all assumes we dont have a global meltdown like today is starting to feel like.

AMSC is rated an ”ACCUMULATE”’ by me, just a nibble, not a GULP! My Call began at $32.10

Am Superconductor initiated with a Buy at Wunderlich; tgt $50 (33.83)
Wunderlich initiates AMSC with a Buy and price target of $50. The firm believes that AMSC represents a unique investment in the growing wind energy business and notes that iAMSC is the only public U.S. pure play on wind turbines. The firm adds that because the co designs turbines for others and sells components, it does not require significant capital. Furthermore, the co is experiencing more than two times the industry average growth rate, which, in the U.S., clocked in at a blistering 39% in 2009.