American Superconductor (NASDAQ:AMSC – Free Report) had its price objective lowered by Oppenheimer from $71.00 to $52.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.
A number of other equities research analysts also recently weighed in on the stock. Roth Capital reaffirmed a “buy” rating and issued a $55.00 target price (down from $58.00) on shares of American Superconductor in a research note on Monday, August 10th. Freedom Capital raised shares of American Superconductor to a “strong-buy” rating in a research note on Tuesday, July 21st. Weiss Ratings cut shares of American Superconductor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, October 29th. Finally, Wall Street Zen raised shares of American Superconductor from a “sell” rating to a “hold” rating in a report on Sunday, August 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.50.
Check Out Our Latest Research Report on AMSC
American Superconductor Price Performance
NASDAQ:AMSC traded down $0.59 during trading hours on Friday, hitting $23.39. The stock had a trading volume of 1,349,376 shares, compared to its average volume of 805,107. The company has a 50 day simple moving average of $28.33 and a two-hundred day simple moving average of $35.00. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of 7.85 and a beta of 3.32. American Superconductor has a one year low of $22.16 and a one year high of $60.18.
American Superconductor (NASDAQ:AMSC – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The technology company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). American Superconductor had a return on equity of 27.41% and a net margin of 42.56%. The firm had revenue of $94.04 million during the quarter, compared to the consensus estimate of $87.32 million. During the same period in the previous year, the company posted $0.20 EPS. The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. Equities research analysts anticipate that American Superconductor will post 0.37 earnings per share for the current year.
Hedge Funds Weigh In On American Superconductor
A number of large investors have recently modified their holdings of the company. AWM Investment Company Inc. bought a new stake in American Superconductor in the 2nd quarter worth approximately $39,501,000. First Trust Advisors LP grew its position in American Superconductor by 14.0% during the first quarter. First Trust Advisors LP now owns 778,268 shares of the technology company’s stock valued at $26,344,000 after acquiring an additional 95,301 shares during the last quarter. Dimensional Fund Advisors LP grew its position in American Superconductor by 21.8% during the first quarter. Dimensional Fund Advisors LP now owns 658,297 shares of the technology company’s stock valued at $22,278,000 after acquiring an additional 118,044 shares during the last quarter. Ranger Investment Management L.P. purchased a new position in shares of American Superconductor during the second quarter worth approximately $16,823,000. Finally, Emerald Mutual Fund Advisers Trust raised its stake in shares of American Superconductor by 0.8% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 438,875 shares of the technology company’s stock worth $14,856,000 after acquiring an additional 3,629 shares in the last quarter. 52.28% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting American Superconductor
Here are the key news stories impacting American Superconductor this week:
- Positive Sentiment: Fiscal Q2 revenue was $94.04 million, up 42.8% year over year and ahead of analyst expectations. AMSC reported $0.19 per share; Zacks said that topped its $0.18 estimate, though the consensus in the supplied background was $0.20. Article: Q3 sales beat estimates
- Positive Sentiment: Oppenheimer lowered its AMSC price target to $52 from $71 but maintained an “outperform” rating, signaling continued optimism about the company’s longer-term prospects. Article: Oppenheimer price-target change
- Neutral Sentiment: Recent earnings-call coverage focused on growth prospects as well as business timing and execution. The company also provided guidance for the quarter ending December 31, 2026; the available headlines do not give enough detail to assess the outlook’s specific implications. Article: Earnings call highlights
- Negative Sentiment: The earnings report included a modest EPS miss against the $0.20 consensus cited in the supplied data. The shares were also reported to have fallen sharply after the results, suggesting investors may be focused on the earnings comparison and execution or timing concerns despite revenue growth. Article: AMSC stock falls
American Superconductor Company Profile
American Superconductor Corporation (NASDAQ:AMSC) develops power-resiliency solutions that help electric utilities, industrial companies, renewable-energy developers and defense organizations improve the reliability, efficiency and performance of electrical systems. The company combines power electronics, software and engineering services to address challenges involving grid stability, power quality and renewable-energy integration.
AMSC’s Gridtec business offers solutions such as voltage-regulation and power-quality systems, grid interconnection technologies, and resilient-grid products designed to support electric transmission and distribution networks.
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