On Friday, American Superconductor got an upgrade for its IBD SmartSelect Composite Rating from 93 to 96.
The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
American Superconductor is currently forming a consolidation, with a 38.02 buy point. See if the stock can break out in volume at least 40% higher than normal. Keep in mind that it's a later-stage base, which makes it a riskier entry point.
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The stock has an 80 EPS Rating, which means its recent quarterly and annual earnings growth tops 80% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 433% earnings-per-share gain for Q3. Sales growth came in at 56%, down from 60% in the prior quarter.
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.
