A number of firms have modified their ratings and price targets on shares of American Superconductor (NASDAQ: AMSC) recently:

  • 11/15/2018 – American Superconductor was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “American Superconductor Corporation is a leading energy technologies company. The company develops and sells a wide range of products and solutions based on power electronic systems and high temperature superconductor wires that dramatically improve the efficiency, reliability and quality of electricity during its generation, transmission, distribution and use. The company is a dominant force in alternative energy, offering grid interconnection solutions as well as licensed wind energy designs and electrical systems. As the world’s principal supplier of HTS wire, AMSC is enabling a new generation of compact, high-power electrical products, including power cables, grid-level surge protectors, motors, generators, and advanced transportation and defense systems. AMSC also provides utility and industrial customers worldwide with voltage regulation systems that dramatically enhance power grid capacity, reliability and security, as well as industrial productivity. “
  • 11/12/2018 – American Superconductor had its price target raised by analysts at Roth Capital from $10.00 to $15.00. They now have a “buy” rating on the stock.
  • 11/9/2018 – American Superconductor was upgraded by analysts at TheStreet from a “d” rating to a “c+” rating.
  • 11/7/2018 – American Superconductor had its price target raised by analysts at Craig Hallum to $15.00. They now have a “buy” rating on the stock.
  • 11/1/2018 – American Superconductor was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 10/25/2018 – American Superconductor was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $7.00 price target on the stock. According to Zacks, “American Superconductor Corporation is a leading energy technologies company. The company develops and sells a wide range of products and solutions based on power electronic systems and high temperature superconductor wires that dramatically improve the efficiency, reliability and quality of electricity during its generation, transmission, distribution and use. The company is a dominant force in alternative energy, offering grid interconnection solutions as well as licensed wind energy designs and electrical systems. As the world’s principal supplier of HTS wire, AMSC is enabling a new generation of compact, high-power electrical products, including power cables, grid-level surge protectors, motors, generators, and advanced transportation and defense systems. AMSC also provides utility and industrial customers worldwide with voltage regulation systems that dramatically enhance power grid capacity, reliability and security, as well as industrial productivity. “
  • 10/2/2018 – American Superconductor was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/21/2018 – American Superconductor was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.

Shares of AMSC stock opened at $8.88 on Monday. American Superconductor Co. has a 12 month low of $3.06 and a 12 month high of $9.89. The company has a market capitalization of $189.71 million, a price-to-earnings ratio of -4.83 and a beta of 1.33.

American Superconductor (NASDAQ:AMSC) last announced its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.13) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.11. American Superconductor had a negative return on equity of 30.78% and a net margin of 13.55%. The company had revenue of $14.88 million during the quarter, compared to the consensus estimate of $13.90 million. On average, sell-side analysts expect that American Superconductor Co. will post -1 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in AMSC. AWM Investment Company Inc. lifted its position in shares of American Superconductor by 19.4% in the 3rd quarter. AWM Investment Company Inc. now owns 1,496,068 shares of the technology company’s stock worth $10,398,000 after acquiring an additional 243,154 shares during the period. Millennium Management LLC lifted its position in shares of American Superconductor by 147.7% in the 1st 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 during the period. Manatuck Hill Partners LLC bought a new stake in shares of American Superconductor in the 3rd quarter worth approximately $932,000. Royce & Associates LP lifted its position in shares of American Superconductor by 30.4% in the 3rd quarter. Royce & Associates LP now owns 455,500 shares of the technology company’s stock worth $3,166,000 after acquiring an additional 106,200 shares during the period. Finally, Worth Venture Partners LLC bought a new stake in shares of American Superconductor in the 3rd quarter worth approximately $660,000. Institutional investors own 22.48% of the company’s stock.

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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