American Superconductor Corp. (AMSC) Trading 6.8% Higher
American Superconductor Corp. (NASDAQ:AMSC) traded up 6.8% during trading on Monday . The company traded as high as $9.48 and last traded at $9.30, with a volume of 141,082 shares. The stock had previously closed at $8.71.
A number of equities research analysts have recently commented on the company. FBR & Co assumed coverage on American Superconductor Corp. in a research note on Thursday, May 19th. They issued an “outperform” rating and a $14.00 target price on the stock. Oppenheimer Holdings Inc. assumed coverage on American Superconductor Corp. in a research note on Monday, June 20th. They issued an “outperform” rating and a $12.00 target price on the stock. Zacks Investment Research cut American Superconductor Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, April 12th. Finally, Rodman & Renshaw reissued a “neutral” rating on shares of American Superconductor Corp. in a research note on Friday, April 1st. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $11.00.
The firm’s market cap is $128.09 million. The company’s 50 day moving average is $8.94 and its 200-day moving average is $7.97.
American Superconductor Corp. (NASDAQ:AMSC) last posted its quarterly earnings data on Tuesday, May 31st. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.60) by $0.32. During the same quarter in the previous year, the firm earned ($0.69) EPS. The business had revenue of $27.50 million for the quarter, compared to analysts’ expectations of $20.16 million. American Superconductor Corp.’s revenue was up 9.6% compared to the same quarter last year. Equities analysts predict that American Superconductor Corp. will post ($1.97) EPS for the current fiscal year.
In related news, CFO David A. Henry sold 13,225 shares of the business’s stock in a transaction on Monday, June 20th. The stock was sold at an average price of $8.38, for a total transaction of $110,825.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James F. Maguire sold 29,938 shares of the business’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $10.15, for a total value of $303,870.70. Following the transaction, the executive vice president now owns 45,266 shares of the company’s stock, valued at approximately $459,449.90. The disclosure for this sale can be found here.
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company conducts its business through two segments: Wind and Grid. Through its Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Gridtec Solutions brand, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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