Wall Street Zen Upgrades American Superconductor (NASDAQ:AMSC) to Buy

American Superconductor (NASDAQ:AMSC - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Tuesday.

American Superconductor Stock Up 0.8%

Shares of NASDAQ:AMSC traded up $0.31 on Tuesday, hitting $41.38. The company had a trading volume of 808,906 shares, compared to its average volume of 1,004,546. The firm's 50-day simple moving average is $31.33 and its two-hundred day simple moving average is $25.96. American Superconductor has a 1 year low of $13.98 and a 1 year high of $42.08. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 275.87 and a beta of 2.91.

American Superconductor (NASDAQ:AMSC - Get Free Report) last posted its earnings results on Wednesday, May 21st. The technology company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.10 by $0.02. American Superconductor had a net margin of 2.71% and a return on equity of 8.89%. The firm had revenue of $66.66 million during the quarter, compared to analysts' expectations of $60.27 million. The firm's quarterly revenue was up 58.6% on a year-over-year basis. Equities research analysts anticipate that American Superconductor will post 0.41 EPS for the current year.

Insider Transactions at American Superconductor

In related news, CFO John W. Kosiba, Jr. sold 50,000 shares of American Superconductor stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $26.40, for a total transaction of $1,320,000.00. Following the completion of the transaction, the chief financial officer directly owned 414,276 shares of the company's stock, valued at $10,936,886.40. This trade represents a 10.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Daniel P. Mcgahn sold 122,655 shares of American Superconductor stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $26.39, for a total transaction of $3,236,865.45. Following the transaction, the chief executive officer directly owned 1,304,486 shares of the company's stock, valued at approximately $34,425,385.54. This trade represents a 8.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,088 shares of company stock valued at $4,952,531. 4.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in American Superconductor by 104.7% during the 2nd quarter. GAMMA Investing LLC now owns 954 shares of the technology company's stock valued at $35,000 after acquiring an additional 488 shares during the period. California State Teachers Retirement System lifted its position in American Superconductor by 2.0% during the 4th quarter. California State Teachers Retirement System now owns 35,559 shares of the technology company's stock valued at $876,000 after acquiring an additional 709 shares during the period. Sei Investments Co. increased its stake in American Superconductor by 1.9% during the 1st quarter. Sei Investments Co. now owns 53,070 shares of the technology company's stock valued at $963,000 after purchasing an additional 964 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in American Superconductor by 0.6% during the 4th quarter. Hillsdale Investment Management Inc. now owns 183,800 shares of the technology company's stock valued at $4,527,000 after purchasing an additional 1,150 shares in the last quarter. Finally, Alps Advisors Inc. increased its stake in American Superconductor by 2.0% during the 1st quarter. Alps Advisors Inc. now owns 59,464 shares of the technology company's stock valued at $1,079,000 after purchasing an additional 1,160 shares in the last quarter. 52.28% of the stock is owned by hedge funds and other institutional investors.

American Superconductor Company 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.