American Superconductor - AMSC Stock Forecast, Price & News

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates in two segments, Grid and Wind. 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; and engineering planning services. It provides transmission planning services, which identify power grid congestion, poor power quality, and other risks; grid interconnection solutions for wind farms and solar power plants, power quality systems, and transmission and distribution cable systems; resilient electric grid systems, resilient electric grid systems; D-VAR systems used for controlling power flow and voltage in the AC transmission system; actiVAR system, a fast-switching medium-voltage reactive compensation solution; armorVAR system installed for reactive compensation, power factor correction, loss reduction, utility bill savings, and mitigation of common power quality concerns related to power converter-based generation and load devices; and D-VAR volt var optimization (VVO) that serves the distribution power grid market. This segment also offers ship protection systems, which reduce a naval ship's magnetic signature; and in board power delivery systems, power generation systems, and propulsion systems; and transformers and rectifiers systems. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, engineered designs, and support services; and provides customer support services to wind turbine manufacturers. This segment's design portfolio comprises a range of drivetrains and power ratings of 2 megawatts and higher. The company was incorporated in 1987 and is headquartered in Ayer, Massachusetts.

American Superconductor Price Performance

NASDAQ:AMSC opened at $6.09 on Tuesday. The stock has a market capitalization of $173.75 million, a price-to-earnings ratio of -7.35 and a beta of 1.38. American Superconductor has a one year low of $4.23 and a one year high of $19.36. The business's fifty day moving average is $5.27 and its 200-day moving average is $6.47.

American Superconductor (NASDAQ:AMSC - Get Rating) last released its earnings results on Wednesday, August 3rd. The technology company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.24) by ($0.01). American Superconductor had a negative return on equity of 23.23% and a negative net margin of 21.29%. During the same period in the prior year, the firm earned ($0.15) EPS. Research analysts expect that American Superconductor will post -0.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com cut American Superconductor from a "hold" rating to a "sell" rating in a research note on Friday, August 5th. Roth Capital dropped their price objective on American Superconductor from $23.00 to $10.00 and set a "buy" rating on the stock in a research note on Friday, June 3rd. Craig Hallum dropped their price objective on American Superconductor to $11.00 in a research note on Friday, June 3rd. Finally, Oppenheimer lowered their target price on American Superconductor from $28.00 to $27.00 and set an "outperform" rating on the stock in a research note on Monday, August 8th.

Insider Buying and Selling

In related news, CFO John W. Kosiba, Jr. sold 8,473 shares of American Superconductor stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $5.97, for a total value of $50,583.81. Following the completion of the sale, the chief financial officer now owns 188,759 shares of the company's stock, valued at approximately $1,126,891.23. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO John W. Kosiba, Jr. sold 8,473 shares of American Superconductor stock in a transaction dated Friday, June 10th. The stock was sold at an average price of $5.97, for a total value of $50,583.81. Following the completion of the sale, the chief financial officer now owns 188,759 shares of the company's stock, valued at approximately $1,126,891.23. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Daniel P. Mcgahn sold 21,725 shares of American Superconductor stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $5.45, for a total value of $118,401.25. Following the completion of the sale, the chief executive officer now directly owns 700,810 shares of the company's stock, valued at approximately $3,819,414.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 76,110 shares of company stock valued at $436,477. 3.50% of the stock is owned by insiders.