American Superconductor (NASDAQ:AMSC) Price Target Raised to $39.00 at Oppenheimer

American Superconductor (NASDAQ:AMSC) had its price objective increased by Oppenheimer from $33.00 to $39.00 in a research note released on Friday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

American Superconductor Stock Down 4.1 %

Shares of NASDAQ:AMSC opened at $32.85 on Friday. The company has a market capitalization of $1.30 billion, a P/E ratio of -656.87 and a beta of 2.26. American Superconductor has a 52-week low of $10.21 and a 52-week high of $38.02. The stock’s fifty day simple moving average is $27.67 and its 200-day simple moving average is $25.51.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. American Superconductor had a positive return on equity of 8.29% and a negative net margin of 0.49%. On average, sell-side analysts anticipate that American Superconductor will post 0.37 earnings per share for the current year.

Institutional Trading of American Superconductor

Several hedge funds and other institutional investors have recently bought and sold shares of AMSC. Amundi bought a new stake in shares of American Superconductor in the 4th quarter worth approximately $1,437,000. Dorsey & Whitney Trust CO LLC bought a new position in American Superconductor during the fourth quarter valued at about $1,116,000. PNC Financial Services Group Inc. grew its stake in shares of American Superconductor by 8,670.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company’s stock worth $73,000 after purchasing an additional 2,948 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of American Superconductor in the fourth quarter valued at $10,188,000. Finally, Arizona State Retirement System lifted its holdings in shares of American Superconductor by 4.1% during the fourth quarter. Arizona State Retirement System now owns 11,092 shares of the technology company’s stock valued at $273,000 after purchasing an additional 439 shares during the last quarter. 52.28% of the stock is owned by institutional investors.

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.