Truist Financial Corp Has $817,000 Position in American Superconductor Corporation $AMSC

Key Points

• Truist Financial Corp boosted its stake in American Superconductor Corporation by 117.6% in Q2, owning 22,270 shares worth approximately $817,000.
• American Superconductor recently reported earnings of $0.18 per share for the latest quarter, surpassing estimates, with a revenue increase of 79.6% year-over-year.
• A significant number of institutional investors now hold 52.28% of American Superconductor's stock, indicating growing interest in the company's performance.

Truist Financial Corp increased its stake in American Superconductor Corporation (NASDAQ:AMSC - Free Report) by 117.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,270 shares of the technology company's stock after purchasing an additional 12,035 shares during the quarter. Truist Financial Corp owned approximately 0.06% of American Superconductor worth $817,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of American Superconductor by 104.7% during the 2nd quarter. GAMMA Investing LLC now owns 954 shares of the technology company's stock worth $35,000 after purchasing an additional 488 shares during the last quarter. CWM LLC lifted its holdings in shares of American Superconductor by 49.5% during the first quarter. CWM LLC now owns 7,915 shares of the technology company's stock worth $144,000 after buying an additional 2,622 shares during the last quarter. National Bank of Canada FI lifted its holdings in shares of American Superconductor by 27.9% during the first quarter. National Bank of Canada FI now owns 9,506 shares of the technology company's stock worth $172,000 after buying an additional 2,072 shares during the last quarter. Acas LLC acquired a new position in shares of American Superconductor during the first quarter worth approximately $184,000. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of American Superconductor during the first quarter worth approximately $187,000. Institutional investors and hedge funds own 52.28% of the company's stock.

American Superconductor Trading Up 9.5%

Shares of NASDAQ AMSC opened at $61.57 on Tuesday. American Superconductor Corporation has a one year low of $13.98 and a one year high of $65.70. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 157.88 and a beta of 3.00. The business has a fifty day simple moving average of $55.06 and a 200 day simple moving average of $38.28.

American Superconductor (NASDAQ:AMSC - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. American Superconductor had a return on equity of 9.35% and a net margin of 6.00%.The company had revenue of $72.36 million for the quarter, compared to analyst estimates of $64.97 million. The firm's quarterly revenue was up 79.6% on a year-over-year basis. American Superconductor has set its Q2 2025 guidance at 0.14- EPS. On average, research analysts anticipate that American Superconductor Corporation will post 0.41 earnings per share for the current fiscal year.

Insider Buying and Selling at American Superconductor

In other American Superconductor news, Director Arthur H. House sold 9,703 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $50.92, for a total transaction of $494,076.76. Following the completion of the transaction, the director directly owned 48,663 shares in the company, valued at $2,477,919.96. This represents a 16.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Daniel P. Mcgahn sold 100,848 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $54.49, for a total value of $5,495,207.52. Following the transaction, the chief executive officer owned 1,183,134 shares of the company's stock, valued at $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. Corporate insiders own 4.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMSC. Weiss Ratings reiterated a "hold (c)" rating on shares of American Superconductor in a report on Wednesday, October 8th. Oppenheimer reiterated an "outperform" rating on shares of American Superconductor in a report on Thursday, July 31st. Finally, Wall Street Zen upgraded American Superconductor from a "hold" rating to a "buy" rating in a report on Tuesday, July 15th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $39.00.

American Superconductor 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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