American Superconductor (NASDAQ:AMSC) Shares Gap Down - Here's Why

Key Points

• American Superconductor shares gapped down from a prior close of $32.94 to open at $29.64, before recovering to around $32.40. The stock remains below its 50-day and 200-day moving averages, both near $38.
• The company reported quarterly EPS of $0.30, beating the $0.19 consensus estimate, while revenue of $86.41 million exceeded expectations and rose 29.6% year over year. Analysts collectively maintain a “Moderate Buy” rating.
• Executives sold shares to cover tax obligations tied to vested equity awards, including the CFO’s $253,567 sale and the CEO’s $603,582 sale. Institutional investors own approximately 52.28% of AMSC.

American Superconductor Corporation (NASDAQ:AMSC - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $32.94, but opened at $29.64. American Superconductor shares last traded at $32.3980, with a volume of 176,164 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AMSC. Weiss Ratings reiterated a "hold (c+)" rating on shares of American Superconductor in a report on Monday. Freedom Capital upgraded American Superconductor to a "strong-buy" rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, American Superconductor currently has an average rating of "Moderate Buy".

American Superconductor Trading Up 1.3%

The company's fifty day simple moving average is $38.24 and its 200 day simple moving average is $37.90. The firm has a market capitalization of $1.62 billion, a P/E ratio of 11.13 and a beta of 3.27.

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

Insider Buying and Selling at American Superconductor

In other news, CFO John W. Kosiba, Jr. sold 6,769 shares of the business's stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $37.46, for a total transaction of $253,566.74. Following the sale, the chief financial officer owned 334,377 shares in the company, valued at approximately $12,525,762.42. The trade was a 1.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Daniel P. Mcgahn sold 16,117 shares of the company's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $37.45, for a total transaction of $603,581.65. Following the completion of the sale, the chief executive officer directly owned 1,131,929 shares in the company, valued at $42,390,741.05. This represents a 1.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 37,391 shares of company stock valued at $1,463,119 in the last three months. Insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On American Superconductor

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rockefeller Capital Management L.P. grew its position in American Superconductor by 45.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,563 shares of the technology company's stock valued at $45,000 after purchasing an additional 492 shares during the last quarter. Optiver Holding B.V. bought a new position in shares of American Superconductor in the first quarter worth approximately $64,000. Canada Pension Plan Investment Board lifted its stake in shares of American Superconductor by 100.0% in the second quarter. Canada Pension Plan Investment Board now owns 2,000 shares of the technology company's stock worth $73,000 after buying an additional 1,000 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of American Superconductor during the fourth quarter valued at approximately $60,000. Finally, Federation des caisses Desjardins du Quebec increased its position in shares of American Superconductor by 275.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 2,625 shares of the technology company's stock valued at $76,000 after acquiring an additional 1,925 shares in the last quarter. 52.28% of the stock is currently owned by institutional investors.

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.

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