Wells Fargo & Company MN Has $844,000 Stock Holdings in American Superconductor Co. (NASDAQ:AMSC)

Wells Fargo & Company MN grew its position in American Superconductor Co. (NASDAQ:AMSC - Free Report) by 68.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,267 shares of the technology company's stock after purchasing an additional 13,899 shares during the period. Wells Fargo & Company MN owned about 0.09% of American Superconductor worth $844,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of American Superconductor during the fourth quarter worth $65,000. Jones Financial Companies Lllp grew its holdings in American Superconductor by 1,083.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,958 shares of the technology company's stock worth $73,000 after acquiring an additional 2,708 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in American Superconductor by 8,670.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,982 shares of the technology company's stock worth $73,000 after acquiring an additional 2,948 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in American Superconductor in the 4th quarter valued at about $170,000. Finally, Tradewinds LLC. bought a new position in shares of American Superconductor in the fourth quarter worth about $176,000. Institutional investors own 52.28% of the company's stock.

Analyst Ratings Changes

Separately, Oppenheimer increased their price target on shares of American Superconductor from $33.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, February 7th.

American Superconductor Trading Up 1.3 %

Shares of AMSC traded up $0.27 during trading hours on Tuesday, hitting $20.85. 378,013 shares of the stock traded hands, compared to its average volume of 1,109,003. The business has a fifty day moving average of $19.08 and a 200-day moving average of $25.16. The firm has a market capitalization of $822.74 million, a PE ratio of 297.90 and a beta of 2.81. American Superconductor Co. has a 1-year low of $13.07 and a 1-year high of $38.02.

American Superconductor (NASDAQ:AMSC - Get Free Report) last released its earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.02. American Superconductor had a net margin of 1.64% and a return on equity of 8.95%. As a group, equities research analysts expect that American Superconductor Co. will post 0.41 earnings per share for the current fiscal year.

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.