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.

Analyst Ratings Changes

Several brokerages have issued reports on AMSC. Roth Capital lowered their price target on shares of American Superconductor from $23.00 to $10.00 and set a "buy" rating on the stock in a report on Friday, June 3rd. Oppenheimer lowered their price target on shares of American Superconductor from $28.00 to $27.00 and set an "outperform" rating on the stock in a report on Monday, August 8th. StockNews.com lowered shares of American Superconductor from a "hold" rating to a "sell" rating in a report on Friday, August 5th. Finally, Craig Hallum cut their target price on shares of American Superconductor to $11.00 in a research report on Friday, June 3rd.

American Superconductor Stock Down 0.7 %

Shares of AMSC opened at $6.05 on Wednesday. The stock has a market capitalization of $172.61 million, a P/E ratio of -7.43 and a beta of 1.38. American Superconductor has a twelve month low of $4.23 and a twelve month high of $19.36. The company has a 50 day moving average of $5.28 and a 200-day moving average of $6.46.

American Superconductor (NASDAQ:AMSC - Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The technology company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.01). American Superconductor had a negative net margin of 21.29% and a negative return on equity of 23.23%. During the same period last year, the company posted ($0.15) earnings per share. On average, sell-side analysts anticipate that American Superconductor will post -0.87 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Daniel P. Mcgahn sold 32,587 shares of the stock in a transaction that occurred on Friday, June 10th. The stock was sold at an average price of $5.98, for a total value of $194,870.26. Following the completion of the sale, the chief executive officer now owns 668,223 shares of the company's stock, valued at approximately $3,995,973.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other American Superconductor news, CEO Daniel P. Mcgahn sold 21,725 shares of the firm's stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $5.45, for a total transaction of $118,401.25. Following the completion of the sale, the chief executive officer now owns 700,810 shares of the company's stock, valued at approximately $3,819,414.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Daniel P. Mcgahn sold 32,587 shares of the firm's stock in a transaction on Friday, June 10th. The shares were sold at an average price of $5.98, for a total value of $194,870.26. Following the sale, the chief executive officer now directly owns 668,223 shares of the company's stock, valued at approximately $3,995,973.54. 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.