American Superconductor Corporation (NASDAQ:AMSC – Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $59.42, but opened at $42.81. American Superconductor shares last traded at $39.9080, with a volume of 1,495,159 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of American Superconductor from a “hold” rating to a “buy” rating in a research note on Tuesday, July 15th. Weiss Ratings reissued a “hold (c)” rating on shares of American Superconductor in a research note on Wednesday, October 8th. Finally, Oppenheimer restated an “outperform” rating on shares of American Superconductor in a research report on Thursday. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $39.00.
View Our Latest Report on American Superconductor
American Superconductor Trading Up 6.3%
American Superconductor (NASDAQ:AMSC – Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.15 by $0.05. American Superconductor had a return on equity of 9.35% and a net margin of 6.00%.The firm had revenue of $65.86 million for the quarter, compared to analyst estimates of $67.23 million. During the same quarter last year, the firm posted $0.27 earnings per share. The business’s revenue for the quarter was up 20.9% on a year-over-year basis. American Superconductor has set its Q3 2025 guidance at 0.140- EPS. As a group, research analysts expect that American Superconductor Corporation will post 0.41 EPS for the current year.
Hedge Funds Weigh In On American Superconductor
Several institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in American Superconductor by 104.7% during the second quarter. GAMMA Investing LLC now owns 954 shares of the technology company’s stock worth $35,000 after buying an additional 488 shares during the period. Virtus Advisers LLC purchased a new stake in shares of American Superconductor during the 2nd quarter worth $69,000. Canada Pension Plan Investment Board lifted its stake in shares of American Superconductor by 100.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,000 shares of the technology company’s stock worth $73,000 after purchasing an additional 1,000 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in American Superconductor during the second quarter valued at about $96,000. Finally, State of Alaska Department of Revenue purchased a new position in American Superconductor in the third quarter valued at about $124,000. 52.28% of the stock is owned by hedge funds and other 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.
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