Wall Street Zen Downgrades American Superconductor (NASDAQ:AMSC) to Sell

Key Points

• Wall Street Zen downgraded American Superconductor to “sell” from “hold,” although the broader analyst consensus remains “Moderate Buy” with a $55 target price.
• AMSC reported quarterly revenue of $94.07 million, up 30% year over year and above estimates, but EPS of $0.16 missed consensus by $0.04.
• The stock opened at $30.01, well below its 50-day and 200-day moving averages, while insiders sold 37,391 shares worth approximately $1.46 million during the last quarter.

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

AMSC has been the topic of a number of other reports. Roth Capital reiterated a "buy" rating and set a $55.00 price target (down from $58.00) on shares of American Superconductor in a research report on Monday, August 10th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of American Superconductor in a report on Monday, August 3rd. Finally, Freedom Capital upgraded shares of American Superconductor to a "strong-buy" rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $55.00.

American Superconductor Stock Down 0.1%

Shares of AMSC stock opened at $30.01 on Friday. The business has a 50-day moving average price of $35.01 and a two-hundred day moving average price of $37.83. American Superconductor has a 12-month low of $24.87 and a 12-month high of $70.49. The firm has a market cap of $1.45 billion, a P/E ratio of 9.90 and a beta of 3.27.

American Superconductor (NASDAQ:AMSC - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $94.07 million for the quarter, compared to the consensus estimate of $87.12 million. American Superconductor had a net margin of 42.56% and a return on equity of 27.41%. American Superconductor's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.30 earnings per share. American Superconductor has set its Q2 2026 guidance at 0.170- EPS. As a group, research analysts expect that American Superconductor will post 0.37 EPS for the current fiscal year.

Insider Activity at American Superconductor

In related 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 value of $603,581.65. Following the transaction, the chief executive officer directly owned 1,131,929 shares of the company's stock, valued at $42,390,741.05. The trade was a 1.40% decrease in their ownership of the stock. The sale 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 American Superconductor stock in a transaction on Thursday, June 11th. The stock was 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 in the company, valued at approximately $12,525,762.42. The trade was a 1.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 37,391 shares of company stock valued at $1,463,119 in the last quarter. Corporate insiders own 3.60% of the company's stock.

Hedge Funds Weigh In On American Superconductor

Hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in shares of American Superconductor by 2.0% during the first quarter. The Manufacturers Life Insurance Company now owns 20,828 shares of the technology company's stock valued at $705,000 after buying an additional 404 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in American Superconductor by 45.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,563 shares of the technology company's stock worth $45,000 after purchasing an additional 492 shares during the last quarter. ROI Financial Advisors LLC lifted its stake in shares of American Superconductor by 5.9% in the 1st quarter. ROI Financial Advisors LLC now owns 10,731 shares of the technology company's stock worth $363,000 after purchasing an additional 598 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of American Superconductor by 1.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 46,381 shares of the technology company's stock worth $1,335,000 after purchasing an additional 650 shares during the period. Finally, Principal Securities Inc. boosted its holdings in shares of American Superconductor by 8.7% in the fourth quarter. Principal Securities Inc. now owns 8,636 shares of the technology company's stock worth $249,000 after buying an additional 688 shares during the last quarter. Hedge funds and other institutional investors own 52.28% of the company's stock.

American Superconductor Company Profile

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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