American Superconductor (NASDAQ:AMSC) had its price target boosted by Craig Hallum to $15.00 in a research report released on Wednesday, The Fly reports. The firm currently has a buy rating on the technology company’s stock.

AMSC has been the topic of several other reports. ValuEngine raised shares of American Superconductor from a hold rating to a buy rating in a research note on Tuesday, October 2nd. Zacks Investment Research raised shares of American Superconductor from a hold rating to a strong-buy rating and set a $7.00 target price on the stock in a research note on Thursday, October 25th.

Shares of AMSC traded down $0.31 during trading hours on Wednesday, hitting $9.17. 387,455 shares of the stock were exchanged, compared to its average volume of 177,580. American Superconductor has a fifty-two week low of $3.06 and a fifty-two week high of $9.69. The stock has a market cap of $199.75 million, a PE ratio of -4.98 and a beta of 1.33.

American Superconductor (NASDAQ:AMSC) last issued its earnings results on Tuesday, November 6th. The technology company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.11. The business had revenue of $14.88 million for the quarter, compared to analyst estimates of $13.90 million. American Superconductor had a net margin of 13.55% and a negative return on equity of 30.78%. On average, equities research analysts anticipate that American Superconductor will post -0.93 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. bought a new position in American Superconductor during the second quarter worth $186,000. Millennium Management LLC boosted its stake in American Superconductor by 147.7% during the first quarter. Millennium Management LLC now owns 278,039 shares of the technology company’s stock worth $1,618,000 after acquiring an additional 165,813 shares in the last quarter. GMT Capital Corp bought a new position in American Superconductor during the second quarter worth $218,000. First Trust Advisors LP boosted its stake in American Superconductor by 18.6% during the third quarter. First Trust Advisors LP now owns 110,716 shares of the technology company’s stock worth $769,000 after acquiring an additional 17,344 shares in the last quarter. Finally, AWM Investment Company Inc. lifted its stake in shares of American Superconductor by 19.4% in the third quarter. AWM Investment Company Inc. now owns 1,496,068 shares of the technology company’s stock valued at $10,398,000 after buying an additional 243,154 shares in the last quarter. 21.71% of the stock is currently owned by institutional investors and hedge funds.

American Superconductor Company Profile

American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers.

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