American Superconductor Corporation (NASDAQ:AMSC – Get Free Report)’s share price was up 7.8% on Tuesday . The stock traded as high as $53.10 and last traded at $54.2230. Approximately 183,717 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 1,142,796 shares. The stock had previously closed at $50.30.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on AMSC shares. Wall Street Zen lowered shares of American Superconductor from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Zacks Research downgraded shares of American Superconductor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.
Check Out Our Latest Report on American Superconductor
American Superconductor Stock Up 9.6%
American Superconductor (NASDAQ:AMSC – Get Free Report) last announced its earnings results on Wednesday, February 4th. The technology company reported $2.75 earnings per share for the quarter, beating the consensus estimate of $0.15 by $2.60. The business had revenue of $74.53 million during the quarter, compared to the consensus estimate of $69.03 million. American Superconductor had a net margin of 46.70% and a return on equity of 37.97%. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.16 earnings per share. American Superconductor has set its Q4 2025 guidance at 0.170- EPS. Sell-side analysts anticipate that American Superconductor Corporation will post 3.09 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the company. Lodestone Wealth Management LLC acquired a new stake in shares of American Superconductor during the fourth quarter worth approximately $30,000. Rockefeller Capital Management L.P. raised its stake in American Superconductor by 45.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,563 shares of the technology company’s stock valued at $45,000 after purchasing an additional 492 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in American Superconductor during the 4th quarter valued at $60,000. Canada Pension Plan Investment Board increased 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 valued at $73,000 after buying an additional 1,000 shares during the period. Finally, Federation des caisses Desjardins du Quebec increased 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 valued at $76,000 after buying an additional 1,925 shares during the period. 52.28% of the stock is currently owned by institutional investors and hedge funds.
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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