American Superconductor (NASDAQ:AMSC) Upgraded at Wall Street Zen

American Superconductor (NASDAQ:AMSC - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Sunday.

American Superconductor Stock Down 0.7%

Shares of American Superconductor stock opened at $36.44 on Friday. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 242.93 and a beta of 2.87. The stock's 50-day simple moving average is $26.27 and its 200-day simple moving average is $24.71. American Superconductor has a 52 week low of $13.98 and a 52 week high of $38.02.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The technology company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.02. American Superconductor had a return on equity of 8.89% and a net margin of 2.71%. The company had revenue of $66.66 million for the quarter, compared to analysts' expectations of $60.27 million. American Superconductor's quarterly revenue was up 58.6% on a year-over-year basis. On average, equities analysts expect that American Superconductor will post 0.41 earnings per share for the current year.

Insider Activity at American Superconductor

In other American Superconductor news, CFO John W. Kosiba, Jr. sold 4,744 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $31.83, for a total transaction of $151,001.52. Following the completion of the transaction, the chief financial officer now owns 409,532 shares in the company, valued at $13,035,403.56. This trade represents a 1.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Daniel P. Mcgahn sold 7,689 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $31.82, for a total value of $244,663.98. Following the sale, the chief executive officer now directly owns 1,296,797 shares in the company, valued at $41,264,080.54. This trade represents a 0.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,088 shares of company stock valued at $4,952,531. Corporate insiders own 4.80% of the company's stock.

Institutional Investors Weigh In On American Superconductor

Hedge funds have recently bought and sold shares of the business. Atreides Management LP purchased a new position in shares of American Superconductor in the 1st quarter worth $14,948,000. Nuveen LLC bought a new position in shares of American Superconductor in the 1st quarter valued at about $14,123,000. Wellington Management Group LLP bought a new position in shares of American Superconductor in the 4th quarter valued at about $11,360,000. Raymond James Financial Inc. purchased a new position in American Superconductor in the fourth quarter worth about $10,188,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in American Superconductor during the fourth quarter worth approximately $7,310,000. Hedge funds and other institutional investors own 52.28% of the company's stock.

American Superconductor Company Profile

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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