Wellington Management Group LLP Buys Shares of 85,244 American Superconductor Corporation $AMSC

Wellington Management Group LLP bought a new position in shares of American Superconductor Corporation (NASDAQ:AMSC) in the second quarter, HoldingsChannel reports. The firm bought 85,244 shares of the technology company’s stock, valued at approximately $3,538,000.

Several other institutional investors and hedge funds also recently modified their holdings of AMSC. Royal Bank of Canada increased its stake in shares of American Superconductor by 27.5% during the 1st quarter. Royal Bank of Canada now owns 26,190 shares of the technology company’s stock worth $475,000 after purchasing an additional 5,647 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in American Superconductor by 13.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,295 shares of the technology company’s stock valued at $459,000 after buying an additional 2,989 shares in the last quarter. Millennium Management LLC grew its holdings in American Superconductor by 878.5% during the 1st quarter. Millennium Management LLC now owns 225,682 shares of the technology company’s stock valued at $4,094,000 after buying an additional 202,617 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in American Superconductor by 54.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 481,961 shares of the technology company’s stock valued at $8,743,000 after buying an additional 170,243 shares during the last quarter. Finally, Creative Planning purchased a new position in American Superconductor during the second quarter worth $208,000. Hedge funds and other institutional investors own 52.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AMSC shares. Roth Capital restated a “buy” rating and issued a $55.00 price objective (down from $58.00) on shares of American Superconductor in a research report on Monday, August 10th. Wall Street Zen raised shares of American Superconductor from a “sell” rating to a “hold” rating in a research note on Sunday, August 30th. Freedom Capital raised shares of American Superconductor to a “strong-buy” rating in a research report on Tuesday, July 21st. Finally, Weiss Ratings downgraded shares of American Superconductor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, August 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.00.

American Superconductor Price Performance

NASDAQ AMSC opened at $29.31 on Thursday. The company has a market cap of $1.42 billion, a P/E ratio of 9.67 and a beta of 3.26. American Superconductor Corporation has a 12 month low of $24.87 and a 12 month high of $70.49. The company has a 50-day moving average of $31.86 and a 200-day moving average of $37.66.

American Superconductor (NASDAQ:AMSC) last released its earnings results on Wednesday, August 5th. The technology company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.04). American Superconductor had a return on equity of 27.41% and a net margin of 42.56%.The company had revenue of $94.07 million during the quarter, compared to analyst estimates of $87.12 million. During the same period in the prior year, the business posted $0.30 earnings per share. American Superconductor’s revenue was up 30.0% on a year-over-year basis. American Superconductor has set its Q2 2026 guidance at 0.170- EPS. As a group, equities research analysts anticipate that American Superconductor Corporation will post 0.37 EPS for the current year.

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.