American Superconductor saw its IBD SmartSelect Composite Rating jump to 96 Monday, up from 90 the day before.
The upgrade means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
American Superconductor is not currently near a proper buy zone. See if the stock goes on to form a new base and offer a new buying opportunity.
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The stock sports an 81 EPS Rating, meaning its recent quarterly and annual earnings growth tops 81% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company posted 2,600% earnings growth. Revenue growth rose 60%, up from 33% in the prior report. The company has now posted rising growth in each of the last two reports.
American Superconductor earns the No. 2 rank among its peers in the Electrical Power/Equipment industry group. Vertiv Holdings is the top-ranked stock within the group.
