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In addition to Ascendiant Capital's bullish coverage launch, American Superconductor (AMSC...

Jun. 28, 2013 12:54 PM ETAmerican Superconductor Corporation (AMSC) StockAMSCBy: Eric Jhonsa, SA News Editor
In addition to Ascendiant Capital's bullish coverage launch, American Superconductor (AMSC +14.1%) could be getting a lift from the DOJ's decision to charge former customer Sinovel and two of its employees with trade secret theft. AMSC has long accused Sinovel of stealing code used to control a wind turbine's electricity flow for use in its own turbines, and is seeking $1.2B+ in damages in Chinese courts. Ascendiant, which is setting a $3.25 PT, expects AMSC to reach breakeven EBITDA by the end of 2014, and sees the company as a play on recovering wind power demand and smart grid growth.

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