Roth Capital restated their buy rating on shares of American Superconductor (NASDAQ:AMSC – Free Report) in a report released on Monday,Benzinga reports. They currently have a $55.00 price target on the technology company’s stock, down from their previous price target of $58.00.
Several other brokerages have also issued reports on AMSC. Freedom Capital upgraded shares of American Superconductor to a “strong-buy” rating in a research report on Tuesday, July 21st. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Superconductor in a research report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.00.
Check Out Our Latest Report on American Superconductor
American Superconductor Stock Performance
American Superconductor (NASDAQ:AMSC – Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.11. American Superconductor had a return on equity of 27.41% and a net margin of 42.56%.The business had revenue of $86.41 million during the quarter, compared to the consensus estimate of $82.10 million. During the same period in the previous year, the company posted $0.12 EPS. The business’s quarterly revenue was up 29.6% compared to the same quarter last year. American Superconductor has set its Q1 2026 guidance at 0.170- EPS. Equities analysts predict that American Superconductor will post 0.66 earnings per share for the current year.
Insider Transactions at American Superconductor
In other news, CEO Daniel P. Mcgahn sold 16,117 shares of American Superconductor stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $37.45, for a total transaction of $603,581.65. Following the transaction, the chief executive officer directly owned 1,131,929 shares of the company’s stock, valued at $42,390,741.05. The trade was a 1.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO John W. Kosiba, Jr. sold 6,769 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $37.46, for a total value of $253,566.74. Following the transaction, the chief financial officer owned 334,377 shares of the company’s stock, valued at approximately $12,525,762.42. This trade represents a 1.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 37,391 shares of company stock valued at $1,463,119. Company insiders own 3.60% of the company’s stock.
Hedge Funds Weigh In On American Superconductor
Several large investors have recently added to or reduced their stakes in AMSC. Rockefeller Capital Management L.P. increased its stake in shares of American Superconductor by 45.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,563 shares of the technology company’s stock worth $45,000 after purchasing an additional 492 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of American Superconductor during the 4th quarter valued at $60,000. Optiver Holding B.V. purchased a new position in shares of American Superconductor during the 1st quarter valued at $64,000. Canada Pension Plan Investment Board boosted its holdings in American Superconductor by 100.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,000 shares of the technology company’s stock worth $73,000 after buying an additional 1,000 shares during the period. Finally, Federation des caisses Desjardins du Quebec boosted its holdings in American Superconductor by 275.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,625 shares of the technology company’s stock worth $76,000 after buying an additional 1,925 shares during the period. Hedge funds and other institutional investors own 52.28% of the company’s stock.
About American Superconductor
American Superconductor Corporation (NASDAQ:AMSC) is a technology company specializing in power electronics and high-temperature superconductor systems. Founded in 1987 and headquartered in Devens, Massachusetts, AMSC develops hardware and software solutions aimed at improving the efficiency, reliability and stability of electric power systems and renewable energy infrastructure. The company’s engineering expertise spans from the lab scale to full commercial deployment, with a focus on tackling grid integration challenges for utilities and independent power producers.
AMSC’s portfolio includes superconducting wire and cryogenic systems, power grid stabilization devices, and turnkey wind turbine electronics.
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