American Superconductor (Nasdaq:AMSC)- One Product + One Customer + One Country = Many Problems
During the past week, many companies associated with the wind industry in China have shown weakness. Citron would like to single out one company which we believe has a lot more downside potential….and it seems as if the CEO agrees with us.
Background
American Superconductor is a classic old-school “story stock” … a company with an electric distribution grid innovation – a superconducting wire, that when supercooled, carries 100 times more electricity. The company has touted this invention for more than a decade as “the next big thing”…but other than a single demonstration project, it has never been monetized. Read more