AMSC price target raised to $20 from $15 at Roth MKM

Roth MKM analyst Justin Clare raised the firm’s price target on AMSC to $20 from $15 and keeps a Buy rating on the shares. The firm cites the company’s Q4 earnings beat and better than expected guide, with the management seeing a path to $50M in quarterly revenue and generating positive net income, the analyst tells investors in a research note. Roth MKM adds that all parts of the AMSC business are positioned for growth, its prospective order sizes are increasing with increased content and complexity, and the company is benefiting from operating leverage.