American Superconductor (NASDAQ:AMSC – Get Free Report) issued its earnings results on Wednesday. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.02, Zacks reports. American Superconductor had a negative net margin of 0.49% and a positive return on equity of 8.29%. American Superconductor updated its Q4 2024 guidance to -0.070- EPS.
American Superconductor Trading Up 34.2 %
Shares of NASDAQ AMSC opened at $34.24 on Friday. American Superconductor has a 52 week low of $10.19 and a 52 week high of $38.02. The firm has a 50-day moving average price of $27.64 and a 200 day moving average price of $25.45.
Analysts Set New Price Targets
Separately, Oppenheimer lifted their price objective on American Superconductor from $29.00 to $33.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th.
American Superconductor Company Profile
American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.
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