Here's another potential driver for today's movement.. MIT planning on Fusion reactor project using YBCO tape.. That seems more than a coincidence and likely involves AMSC.. High profile, and could mean a lot of moola for the company in coming years.
By using magnets made from the newly available superconducting material — a steel tape coated with a compound called yttrium-barium-copper oxide (YBCO) — SPARC is designed to produce a fusion power output about a fifth that of ITER, but in a device that is only about 1/65 the volume, Hartwig says. The ultimate benefit of the YBCO tape, he adds, is that it drastically reduces the cost, timeline, and organizational complexity required to build net fusion energy devices, enabling new players and new approaches to fusion energy at university and private company scale.
https://news.mit.edu/2018/mit-newly-formed-company-launch-novel-approach-fusion-power-0309
As for the Tariff revenue being used to pay the criminal fines of Sinovel, Trump made a comment a few weeks back that I think may directly relate to AMSC (given that the damage penalty is nearly $1 Billion, and the criminal fine could be up to $4+ Billion)..
“We have a very big intellectual property potential fine going, which is going to come out soon,” Trump said in the interview.
https://www.reuters.com/article/us-usa-trump-trade-exclusive/exclusive-trump-considers-big-fine-over-china-intellectual-property-theft-idUSKBN1F62SR Whatever the news is, it's making a huge move in the stock today.. I think we're about to flip the Monthly PSAR into uptick, and that usually results in a significant move.
Hawk |
