American Superconductor Corp. (AMSC) Receives New Coverage from Analysts at Roth Capital
Roth Capital initiated coverage on shares of American Superconductor Corp. (NASDAQ:AMSC) in a research report report published on Monday morning. The brokerage issued a buy rating and a $10.00 target price on the stock.
Several other equities research analysts have also issued reports on the stock. FBR & Co decreased their price target on shares of American Superconductor Corp. from $14.00 to $11.00 and set an outperform rating on the stock in a report on Wednesday, August 10th. Zacks Investment Research raised shares of American Superconductor Corp. from a sell rating to a hold rating in a report on Tuesday, August 2nd. Finally, Oppenheimer Holdings Inc. assumed coverage on shares of American Superconductor Corp. in a report on Monday, June 20th. They set an outperform rating and a $12.00 price target on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $10.33.
American Superconductor Corp. (NASDAQ:AMSC) traded up 1.09% on Monday, reaching $7.44. 9,188 shares of the company’s stock were exchanged. American Superconductor Corp. has a 12 month low of $3.81 and a 12 month high of $12.50. The firm’s market cap is $105.56 million. The firm’s 50-day moving average is $6.99 and its 200-day moving average is $8.45.
American Superconductor Corp. (NASDAQ:AMSC) last released its earnings results on Tuesday, August 9th. The company reported ($0.64) EPS for the quarter, beating the consensus estimate of ($0.92) by $0.28. American Superconductor Corp. had a negative net margin of 28.46% and a negative return on equity of 30.24%. The firm had revenue of $13.30 million for the quarter, compared to analyst estimates of $13.39 million. During the same period last year, the firm earned ($0.72) EPS. The business’s quarterly revenue was down 43.9% compared to the same quarter last year. On average, equities analysts forecast that American Superconductor Corp. will post ($2.32) earnings per share for the current year.
A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in American Superconductor Corp. by 9.9% in the second quarter. Vanguard Group Inc. now owns 461,139 shares of the company’s stock worth $3,892,000 after buying an additional 41,509 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of American Superconductor Corp. by 905.8% in the second quarter. BlackRock Fund Advisors now owns 304,358 shares of the company’s stock worth $2,569,000 after buying an additional 274,099 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of American Superconductor Corp. by 45.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 277,078 shares of the company’s stock worth $2,339,000 after buying an additional 86,292 shares during the period. State Street Corp purchased a new position in shares of American Superconductor Corp. during the second quarter worth about $1,159,000. Finally, EAM Investors LLC purchased a new position in shares of American Superconductor Corp. during the second quarter worth about $894,000. 30.28% of the stock is currently owned by hedge funds and other institutional investors.
About American Superconductor Corp.
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.
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