Beaten-down American Superconductor (AMSC +13.7%) soars on a bullish note from Maxim Group....
Wednesday, April 11, 2012, 11:54 AM ETBeaten-down American Superconductor (AMSC +13.7%) soars on a bullish note from Maxim Group. Maxim expects the the unpredictable voltage changes produced by wind and solar plants to drive demand for AMSC's grid-management solutions, and thinks a settlement of its lawsuit against ex-customer Sinovel could provide a "surprising lifeline." Earlier this week, AMSC appealed the dismissal of one of its Sinovel suits to China's supreme court.
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