American Superconductor (NASDAQ:AMSC) Stock Price Up 9.3% - Should You Buy?

Key Points

• American Superconductor (AMSC) stock rose by 9.3% on Friday, reaching a high of $61.80, despite a decrease in trading volume.
• Analysts maintain a consensus rating of "Moderate Buy" for AMSC, with Oppenheimer reaffirming an "outperform" rating and Wall Street Zen upgrading its rating from "hold" to "buy."
• The company reported earnings of $0.18 per share for the last quarter, beating estimates and showing a 79.6% increase in revenue compared to the previous year.

American Superconductor Corporation (NASDAQ:AMSC - Get Free Report) shares rose 9.3% on Friday . The stock traded as high as $61.80 and last traded at $61.78. Approximately 496,168 shares traded hands during mid-day trading, a decline of 53% from the average daily volume of 1,062,850 shares. The stock had previously closed at $56.53.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMSC. Weiss Ratings reaffirmed a "hold (c)" rating on shares of American Superconductor in a research report on Friday. Oppenheimer reaffirmed an "outperform" rating on shares of American Superconductor in a research report on Thursday, July 31st. Finally, Wall Street Zen raised shares of American Superconductor from a "hold" rating to a "buy" rating in a research report on Tuesday, July 15th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, American Superconductor currently has a consensus rating of "Moderate Buy" and an average target price of $39.00.

American Superconductor Stock Performance

The business's 50 day simple moving average is $56.20 and its 200-day simple moving average is $40.39. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of 154.30 and a beta of 3.00.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.18 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.06. The firm had revenue of $72.36 million during the quarter, compared to analyst estimates of $64.97 million. American Superconductor had a net margin of 6.00% and a return on equity of 9.35%. The firm's revenue was up 79.6% compared to the same quarter last year. American Superconductor has set its Q2 2025 guidance at 0.14- EPS. As a group, sell-side analysts expect that American Superconductor Corporation will post 0.41 EPS for the current year.

Insider Activity at American Superconductor

In related news, Director Arthur H. House sold 9,703 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $50.92, for a total transaction of $494,076.76. Following the completion of the sale, the director directly owned 48,663 shares of the company's stock, valued at $2,477,919.96. This represents a 16.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel P. Mcgahn sold 100,848 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $54.49, for a total transaction of $5,495,207.52. Following the sale, the chief executive officer directly owned 1,183,134 shares of the company's stock, valued at approximately $64,468,971.66. This represents a 7.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.80% of the stock is owned by corporate insiders.

Institutional Trading of American Superconductor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Campbell Newman Asset Management Inc. lifted its stake in American Superconductor by 0.5% during the third quarter. Campbell Newman Asset Management Inc. now owns 65,365 shares of the technology company's stock valued at $3,882,000 after purchasing an additional 354 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of American Superconductor by 104.7% during the second quarter. GAMMA Investing LLC now owns 954 shares of the technology company's stock valued at $35,000 after acquiring an additional 488 shares during the period. Ameritas Investment Partners Inc. raised its holdings in shares of American Superconductor by 16.6% during the second quarter. Ameritas Investment Partners Inc. now owns 3,900 shares of the technology company's stock valued at $143,000 after acquiring an additional 555 shares during the period. Global Retirement Partners LLC grew its position in American Superconductor by 32.9% in the third quarter. Global Retirement Partners LLC now owns 3,212 shares of the technology company's stock worth $191,000 after acquiring an additional 796 shares in the last quarter. Finally, Police & Firemen s Retirement System of New Jersey grew its position in American Superconductor by 10.4% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 8,777 shares of the technology company's stock worth $322,000 after acquiring an additional 827 shares in the last quarter. 52.28% of the stock is owned by institutional investors and hedge funds.

About American Superconductor

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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