American Superconductor Corp. (NASDAQ:AMSC) rose 6.6% during trading on Tuesday . The company traded as high as $7.40 and last traded at $7.31, with a volume of 77,867 shares. The stock had previously closed at $6.86.

AMSC has been the subject of a number of analyst reports. FBR & Co reaffirmed a “buy” rating and set a $14.00 price objective on shares of American Superconductor Corp. in a research note on Thursday, June 2nd. Zacks Investment Research raised American Superconductor Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, Oppenheimer Holdings Inc. initiated coverage on American Superconductor Corp. in a research note on Monday, June 20th. They set an “outperform” rating and a $12.00 price objective for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $10.40.

The firm has a 50-day moving average of $8.36 and a 200-day moving average of $8.44. The firm’s market cap is $106.27 million.

American Superconductor Corp. (NASDAQ:AMSC) last released its earnings results on Tuesday, August 9th. The company reported ($0.64) earnings per share for the quarter, topping the consensus estimate of ($0.92) by $0.28. The business had revenue of $13.30 million for the quarter, compared to the consensus estimate of $13.39 million. During the same quarter in the previous year, the company earned ($0.72) earnings per share. The firm’s revenue for the quarter was down 43.9% on a year-over-year basis. Equities research analysts predict that American Superconductor Corp. will post ($2.32) EPS for the current year.

In other American Superconductor Corp. news, CFO David A. Henry sold 13,225 shares of the company’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 through this hyperlink.

American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.