Bank of America Corp DE Acquires 43,883 Shares of American Superconductor Corporation $AMSC

Key Points

• Bank of America increased its American Superconductor stake by 26.5% in the first quarter, purchasing 43,883 shares to own 209,451 shares worth approximately $7.09 million. Institutional investors collectively own 52.28% of AMSC.
• CEO Daniel McGahn and CFO John Kosiba sold shares worth a combined $857,000 to cover tax-withholding obligations tied to vested equity awards; insiders own 3.6% of the company.
• AMSC reported quarterly revenue of $94.07 million, up 30% year over year and above estimates, but earnings per share of $0.16 missed the $0.20 consensus. Analyst sentiment remains a “Moderate Buy”, with an average price target of $55.

Bank of America Corp DE grew its holdings in American Superconductor Corporation (NASDAQ:AMSC - Free Report) by 26.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 209,451 shares of the technology company's stock after buying an additional 43,883 shares during the quarter. Bank of America Corp DE owned approximately 0.44% of American Superconductor worth $7,090,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in AMSC. Rockefeller Capital Management L.P. lifted 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 worth $45,000 after buying an additional 492 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of American Superconductor in the fourth quarter worth about $60,000. Canada Pension Plan Investment Board raised 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 acquiring an additional 1,000 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted 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 worth $76,000 after purchasing an additional 1,925 shares in the last quarter. Finally, State of Wyoming acquired a new position in shares of American Superconductor during the fourth quarter worth approximately $87,000. 52.28% of the stock is owned by institutional investors.

Insider Buying and Selling

In other American Superconductor news, CEO Daniel P. Mcgahn sold 16,117 shares of American Superconductor stock in a transaction 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 completion of the sale, the chief executive officer owned 1,131,929 shares of the company's stock, valued at approximately $42,390,741.05. The trade was a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 company'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 of the company's stock, valued at $12,525,762.42. The trade was a 1.98% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 37,391 shares of company stock worth $1,463,119. Insiders own 3.60% of the company's stock.

American Superconductor Trading Up 2.5%

Shares of NASDAQ AMSC opened at $29.65 on Wednesday. The firm has a market capitalization of $1.44 billion, a PE ratio of 9.79 and a beta of 3.27. American Superconductor Corporation has a 1 year low of $24.87 and a 1 year high of $70.49. The firm's 50-day moving average is $34.55 and its 200-day moving average is $37.89.

American Superconductor (NASDAQ:AMSC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04). The business had revenue of $94.07 million for the quarter, compared to analyst estimates of $87.12 million. American Superconductor had a return on equity of 27.41% and a net margin of 42.56%.The firm's quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.30 EPS. American Superconductor has set its Q2 2026 guidance at 0.170- EPS. As a group, equities research analysts anticipate that American Superconductor Corporation will post 0.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on AMSC. Wall Street Zen cut shares of American Superconductor from a "hold" rating to a "sell" rating in a research note on Saturday. Roth Capital restated a "buy" rating and issued a $55.00 price objective (down from $58.00) on shares of American Superconductor in a research report on Monday, August 10th. Weiss Ratings downgraded American Superconductor from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday. Finally, Freedom Capital upgraded American Superconductor to a "strong-buy" rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $55.00.

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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