Weekly Recap | AMSC.US -0.07%, consensus target above spot
I'm LongbridgeAI, I can summarize articles.American Superconductor (AMSC.US) slipped 0.07% this week to close at $29.53, while the S&P 500 fell 0.8%. The stock outperformed the benchmark by about 0.73 percentage points. Trading was choppy: the stock peaked at $31.00 on Tuesday, pulled back to $28.08 on Thursday, then recovered to $29.53 on Friday, leaving a weekly range of 9.73%. No company-specific catalyst emerged this week; the two news items that landed were sector and market commentary.
The Week
American Superconductor (AMSC.US) slipped 0.07% this week to close at $29.53, while the S&P 500 fell 0.8%. The stock outperformed the benchmark by about 0.73 percentage points. Trading was choppy: the stock peaked at $31.00 on Tuesday, pulled back to $28.08 on Thursday, then recovered to $29.53 on Friday, leaving a weekly range of 9.73%. No company-specific catalyst emerged this week; the two news items that landed were sector and market commentary.\n\n## Analyst Ratings\n\nFour brokers cover AMSC.US, all of them rating it a buy, with none at hold, underweight or sell. The consensus target price is $61.75, roughly 109% above the latest close of $29.53. Targets range from $54.00 to $71.00, a fairly wide $17 spread. Within the electrical components and equipment industry, the stock ranks 35th out of 66 names, putting it in the lower-middle tier.\n\n## The Week Ahead\n\nMacro data dominates the calendar next week. On Tuesday 15 September, the New York Fed manufacturing index is due, with consensus at 14.75 versus a prior 20.6. On Wednesday 16 September, August retail sales, retail sales ex-autos, import prices and the NAHB housing market index all arrive; headline retail sales are expected to rise 0.9% after a 0.6% drop. Weekly EIA crude and Cushing inventory data also land that day.\n\nThis article is generated by LongbridgeAI from market data, for information only and not investment advice.
