Why American Superconductor Stock Soared Today
Shares of electric grid enhancer American Superconductor (NASDAQ: AMSC) stock went off to the races Tuesday morning, galloping ahead 47.8% through 9:50 a.m. ET as investors snapped up shares ahead of the company's fiscal Q1 2023 earnings report.
American Superconductor announced yesterday that it will release Q1 results after close of trading on Wednesday, Aug. 9.
American Superconductor didn't so much as hint at what its results might look like next week, however. So why is the stock up so much on a simple announcement that there will be news...of some sort...good or perhaps bad...a week from now?
Source Fool.com
