American Superconductor Corporation (NASDAQ:AMSC – Get Free Report)’s share price gapped down prior to trading on Monday . The stock had previously closed at $32.58, but opened at $30.20. American Superconductor shares last traded at $32.40, with a volume of 247,381 shares.
Analyst Ratings Changes
Several research analysts have weighed in on the company. Zacks Research upgraded American Superconductor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of American Superconductor in a research note on Monday, December 29th. Wall Street Zen lowered shares of American Superconductor from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Finally, Oppenheimer reaffirmed an “outperform” rating on shares of American Superconductor in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, American Superconductor currently has a consensus rating of “Buy”.
Read Our Latest Report on AMSC
American Superconductor Stock Up 1.5%
American Superconductor (NASDAQ:AMSC – Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The technology company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $2.60. American Superconductor had a net margin of 46.70% and a return on equity of 37.97%. The firm had revenue of $74.53 million for the quarter, compared to the consensus estimate of $69.03 million. During the same quarter in the previous year, the company earned $0.16 earnings per share. The business’s revenue was up 21.4% compared to the same quarter last year. American Superconductor has set its Q4 2025 guidance at 0.170- EPS. As a group, equities analysts forecast that American Superconductor Corporation will post 0.41 earnings per share for the current fiscal year.
Institutional Investors Weigh In On American Superconductor
Hedge funds have recently added to or reduced their stakes in the business. Campbell Newman Asset Management Inc. raised its position in shares of American Superconductor by 0.5% in the third quarter. Campbell Newman Asset Management Inc. now owns 65,365 shares of the technology company’s stock valued at $3,882,000 after buying an additional 354 shares in the last quarter. Arizona State Retirement System lifted its position in shares of American Superconductor by 3.6% during the 3rd quarter. Arizona State Retirement System now owns 12,883 shares of the technology company’s stock valued at $765,000 after acquiring an additional 442 shares during the period. Stephens Inc. AR grew its position in American Superconductor by 6.3% in the 3rd quarter. Stephens Inc. AR now owns 8,500 shares of the technology company’s stock valued at $505,000 after purchasing an additional 500 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of American Superconductor by 13.6% during the third quarter. PNC Financial Services Group Inc. now owns 4,542 shares of the technology company’s stock valued at $270,000 after buying an additional 542 shares during the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in American Superconductor by 16.6% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,900 shares of the technology company’s stock worth $143,000 after purchasing an additional 555 shares in the last quarter. Institutional investors and hedge funds own 52.28% of the company’s stock.
About American Superconductor
American Superconductor Corporation (NASDAQ:AMSC) is a technology company specializing in power electronics and high-temperature superconductor systems. Founded in 1987 and headquartered in Devens, Massachusetts, AMSC develops hardware and software solutions aimed at improving the efficiency, reliability and stability of electric power systems and renewable energy infrastructure. The company’s engineering expertise spans from the lab scale to full commercial deployment, with a focus on tackling grid integration challenges for utilities and independent power producers.
AMSC’s portfolio includes superconducting wire and cryogenic systems, power grid stabilization devices, and turnkey wind turbine electronics.
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