American Superconductor (NASDAQ:AMSC) Stock Falls 8.6% - Here's Why

Key Points

• AMSC shares fell 8.6% to about $26.24, with trading volume down 70% from the stock’s average daily volume.
• The company’s latest quarterly results showed EPS of $0.16, missing estimates of $0.20, despite revenue of $94.07 million surpassing forecasts and rising 30% year over year.
• Analysts maintain a generally positive outlook, giving AMSC a “Moderate Buy” consensus rating and an average price target of $55.00; institutional investors own 52.28% of the stock.

American Superconductor Corporation (NASDAQ:AMSC - Get Free Report)'s stock price dropped 8.6% during trading on Wednesday. The company traded as low as $26.53 and last traded at $26.2440. 305,564 shares were traded during mid-day trading, a decline of 70% from the average daily volume of 1,016,190 shares. The stock had previously closed at $28.71.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Wall Street Zen raised American Superconductor from a "sell" rating to a "hold" rating in a research note on Sunday, August 30th. Freedom Capital upgraded shares of American Superconductor to a "strong-buy" rating in a report on Tuesday, July 21st. Weiss Ratings raised shares of American Superconductor from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, October 8th. Finally, Roth Capital restated a "buy" rating and set a $55.00 price target (down from $58.00) on shares of American Superconductor in a report on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, American Superconductor has an average rating of "Moderate Buy" and an average target price of $55.00.

American Superconductor Stock Down 10.5%

The business's fifty day moving average price is $30.11 and its 200 day moving average price is $37.37. The firm has a market capitalization of $1.24 billion, a PE ratio of 8.50 and a beta of 3.32.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $87.12 million. American Superconductor had a net margin of 42.56% and a return on equity of 27.41%. The company's quarterly revenue was up 30.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.30 EPS. American Superconductor has set its Q2 2026 guidance at 0.170- EPS. As a group, sell-side analysts forecast that American Superconductor Corporation will post 0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Superconductor

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Farther Finance Advisors LLC increased its stake in shares of American Superconductor by 2,959.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,692 shares of the technology company's stock valued at $78,000 after buying an additional 2,604 shares during the period. Central Pacific Bank Trust Division increased its stake in shares of American Superconductor by 12.2% during the third quarter. Central Pacific Bank Trust Division now owns 18,248 shares of the technology company's stock worth $531,000 after purchasing an additional 1,982 shares during the period. Tidal Investments LLC increased its holdings in shares of American Superconductor by 133.7% during the second quarter. Tidal Investments LLC now owns 101,341 shares of the technology company's stock worth $4,207,000 after purchasing an additional 57,972 shares during the period. Integrated Wealth Concepts LLC acquired a new position in American Superconductor during the second quarter valued at approximately $159,000. Finally, Nykredit A S acquired a new stake in American Superconductor in the second quarter valued at approximately $46,000. 52.28% of the stock is owned by institutional investors.

American Superconductor Company Profile

American Superconductor Corporation NASDAQ: AMSC develops technologies that help electric utilities, industrial companies, renewable-energy developers and other customers improve the reliability, efficiency and resilience of electrical power systems. The company combines power electronics, controls, energy management software and superconducting technologies in solutions for the electric grid and other demanding applications.

AMSC's grid-related offerings are designed to support power quality, voltage regulation, renewable-energy integration and protection against disruptions.

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.