American Superconductor (NASDAQ:AMSC) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded American Superconductor from “sell” to “hold.” Despite mixed ratings, the stock has a “Moderate Buy” consensus and an average analyst price target of $55.
• AMSC shares opened at $28.49, well below their 52-week high of $70.49. The company’s latest revenue rose 30% year over year to $94.07 million, exceeding estimates, though earnings per share of $0.16 missed the $0.20 consensus.
• Insiders have sold shares worth approximately $1.46 million over the past 90 days, while institutional investors own 52.28% of the stock. Executive sales were attributed to tax-withholding obligations tied to vested equity awards.

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

A number of other equities research analysts have also recently weighed in on the company. Freedom Capital raised American Superconductor to a "strong-buy" rating in a research note on Tuesday, July 21st. Roth Capital reissued a "buy" rating and set a $55.00 target price (down from $58.00) on shares of American Superconductor in a research note on Monday, August 10th. Finally, Weiss Ratings cut American Superconductor from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $55.00.

American Superconductor Stock Performance

Shares of AMSC stock opened at $28.49 on Friday. The firm has a market cap of $1.38 billion, a P/E ratio of 9.40 and a beta of 3.27. The firm's 50 day moving average price is $33.77 and its 200-day moving average price is $37.86. American Superconductor has a one year low of $24.87 and a one year high of $70.49.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its earnings results on Wednesday, August 5th. The technology company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.04). American Superconductor had a net margin of 42.56% and a return on equity of 27.41%. The company had revenue of $94.07 million during the quarter, compared to analyst estimates of $87.12 million. During the same quarter last year, the business posted $0.30 EPS. The firm's revenue for the quarter 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, research analysts predict that American Superconductor will post 0.37 EPS for the current fiscal year.

Insider Activity at American Superconductor

In other American Superconductor news, CEO Daniel P. Mcgahn sold 16,117 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $37.45, for a total transaction of $603,581.65. Following 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO John W. Kosiba, Jr. sold 6,769 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 334,377 shares of the company's stock, valued at $12,525,762.42. This represents a 1.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 37,391 shares of company stock worth $1,463,119. 3.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new position in American Superconductor during the 4th quarter worth approximately $1,992,000. Sei Investments Co. lifted its stake in American Superconductor by 184.8% in the first quarter. Sei Investments Co. now owns 224,436 shares of the technology company's stock valued at $7,597,000 after buying an additional 145,626 shares during the last quarter. Bank of America Corp DE lifted its stake in American Superconductor by 26.5% in the first quarter. Bank of America Corp DE now owns 209,451 shares of the technology company's stock valued at $7,090,000 after buying an additional 43,883 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of American Superconductor by 14.0% in the first quarter. First Trust Advisors LP now owns 778,268 shares of the technology company's stock valued at $26,344,000 after acquiring an additional 95,301 shares during the period. Finally, Stephens Investment Management Group LLC boosted its holdings in shares of American Superconductor by 77.1% in the first quarter. Stephens Investment Management Group LLC now owns 308,515 shares of the technology company's stock valued at $10,443,000 after acquiring an additional 134,287 shares during the period. 52.28% of the stock is currently owned by hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source