American Superconductor (NASDAQ:AMSC) Shares Down 8.6% – Here’s Why

American Superconductor Corporation (NASDAQ:AMSC)’s stock price was down 8.6% during mid-day trading on Wednesday. The stock traded as low as $26.53 and last traded at $26.2440. Approximately 305,564 shares were traded during trading, a decline of 70% from the average session volume of 1,016,190 shares. The stock had previously closed at $28.71.

Analysts Set New Price Targets

A number of research analysts have recently commented on AMSC shares. Roth Capital reaffirmed a “buy” rating and set a $55.00 target price (down from $58.00) on shares of American Superconductor in a research note on Monday, August 10th. Freedom Capital raised American Superconductor to a “strong-buy” rating in a research note on Tuesday, July 21st. Weiss Ratings upgraded American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen raised American Superconductor from a “sell” rating to a “hold” rating in a research report on Sunday, August 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $55.00.

American Superconductor Stock Up 4.8%

The company has a market cap of $1.30 billion, a P/E ratio of 8.87 and a beta of 3.32. The firm has a 50 day moving average of $29.84 and a 200-day moving average of $37.27.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04). The firm had revenue of $94.07 million for the quarter, compared to analysts’ expectations of $87.12 million. American Superconductor had a return on equity of 27.41% and a net margin of 42.56%. The company’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.30 earnings per share. American Superconductor has set its Q2 2026 guidance at 0.170- EPS. On average, research analysts predict that American Superconductor Corporation will post 0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On American Superconductor

Several institutional investors have recently made changes to their positions in the company. Fortitude Family Office LLC lifted its stake in American Superconductor by 624.3% in the third quarter. Fortitude Family Office LLC now owns 985 shares of the technology company’s stock worth $29,000 after acquiring an additional 849 shares during the period. Nykredit A S purchased a new position in American Superconductor during the 2nd quarter valued at about $46,000. Rockefeller Capital Management L.P. raised its holdings in shares of American Superconductor by 45.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,563 shares of the technology company’s stock valued at $45,000 after purchasing an additional 492 shares in the last quarter. Optiver Holding B.V. bought a new stake in shares of American Superconductor in the 1st quarter valued at about $64,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of American Superconductor in the 4th quarter valued at about $60,000. Hedge funds and other institutional investors own 52.28% of the company’s stock.

About American Superconductor

American Superconductor Corporation (NASDAQ:AMSC) develops technologies that help electric utilities, industrial companies, renewable-energy developers and other customers improve the reliability, efficiency and resilience of electrical power systems. The company combines power electronics, controls, energy management software and superconducting technologies in solutions for the electric grid and other demanding applications.

AMSC’s grid-related offerings are designed to support power quality, voltage regulation, renewable-energy integration and protection against disruptions.