American Superconductor (NASDAQ:AMSC) Cut to Hold at Wall Street Zen
by Kim Johansen · The Markets DailyWall Street Zen lowered shares of American Superconductor (NASDAQ:AMSC – Free Report) from a buy rating to a hold rating in a research report sent to investors on Saturday morning.
AMSC has been the topic of a number of other research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of American Superconductor in a report on Monday, December 29th. Oppenheimer restated an “outperform” rating on shares of American Superconductor in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.
Check Out Our Latest Report on American Superconductor
American Superconductor Stock Performance
NASDAQ:AMSC opened at $32.19 on Friday. The stock has a market capitalization of $1.45 billion, a P/E ratio of 87.00 and a beta of 2.96. American Superconductor has a fifty-two week low of $13.98 and a fifty-two week high of $70.49. The company has a 50 day moving average price of $31.38 and a 200 day moving average price of $45.13.
American Superconductor (NASDAQ:AMSC – Get Free Report) last released its earnings results on Wednesday, November 5th. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.05. American Superconductor had a return on equity of 6.48% and a net margin of 5.69%.The company had revenue of $65.86 million during the quarter, compared to the consensus estimate of $67.23 million. During the same period in the previous year, the company posted $0.27 EPS. American Superconductor’s revenue was up 20.9% compared to the same quarter last year. American Superconductor has set its Q3 2025 guidance at 0.140- EPS. Research analysts forecast that American Superconductor will post 0.41 earnings per share for the current fiscal year.
Institutional Investors Weigh In On American Superconductor
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of American Superconductor by 104.7% during the 2nd quarter. GAMMA Investing LLC now owns 954 shares of the technology company’s stock valued at $35,000 after buying an additional 488 shares during the period. Lodestone Wealth Management LLC acquired a new position in American Superconductor during the fourth quarter worth $30,000. Virtus Advisers LLC bought a new position in American Superconductor during the second quarter valued at about $69,000. Canada Pension Plan Investment Board raised its holdings in American Superconductor by 100.0% during the second quarter. Canada Pension Plan Investment Board now owns 2,000 shares of the technology company’s stock valued at $73,000 after buying an additional 1,000 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new stake in shares of American Superconductor during the 3rd quarter worth about $124,000. Institutional investors own 52.28% of the company’s stock.
American Superconductor Company Profile
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.