American Superconductor (NASDAQ:AMSC) CEO Daniel Mcgahn Sells 9,670 Shares

American Superconductor Corporation (NASDAQ:AMSC) CEO Daniel Mcgahn sold 9,670 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $41.78, for a total transaction of $404,012.60. Following the completion of the sale, the chief executive officer owned 1,148,046 shares in the company, valued at approximately $47,965,361.88. This trade represents a 0.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

American Superconductor Stock Performance

Shares of American Superconductor stock traded down $3.76 during trading on Wednesday, reaching $36.77. The company had a trading volume of 2,393,607 shares, compared to its average volume of 1,210,107. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 12.26 and a beta of 3.20. The firm’s fifty day moving average is $45.60 and its 200-day moving average is $36.38. American Superconductor Corporation has a fifty-two week low of $24.87 and a fifty-two week high of $70.49.

American Superconductor (NASDAQ:AMSC) last issued its earnings results on Wednesday, May 27th. The technology company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.11. The business had revenue of $86.41 million for the quarter, compared to analyst estimates of $82.10 million. American Superconductor had a net margin of 44.73% and a return on equity of 32.19%. The company’s revenue for the quarter was up 29.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 EPS. American Superconductor has set its Q1 2026 guidance at 0.170- EPS. On average, research analysts anticipate that American Superconductor Corporation will post 0.66 EPS for the current fiscal year.

Institutional Investors Weigh In On American Superconductor

Institutional investors and hedge funds have recently bought and sold shares of the business. Lodestone Wealth Management LLC acquired a new stake in American Superconductor during the fourth quarter worth about $30,000. Rockefeller Capital Management L.P. raised its stake in American Superconductor by 45.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,563 shares of the technology company’s stock worth $45,000 after acquiring an additional 492 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in American Superconductor during the fourth quarter worth about $60,000. Optiver Holding B.V. acquired a new stake in American Superconductor during the first quarter worth about $64,000. Finally, Canada Pension Plan Investment Board grew its position in American Superconductor by 100.0% in 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. Institutional investors and hedge funds own 52.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AMSC. Zacks Research lowered shares of American Superconductor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Weiss Ratings upgraded shares of American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.