American Superconductor Corp. (AMSC) Coverage Initiated at Roth Capital
Stock analysts at Roth Capital started coverage on shares of American Superconductor Corp. (NASDAQ:AMSC) in a research note issued to investors on Monday. The firm set a “buy” rating and a $10.00 price target on the stock. Roth Capital’s price target points to a potential upside of 35.87% from the stock’s previous close.
A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of American Superconductor Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Oppenheimer Holdings Inc. started coverage on shares of American Superconductor Corp. in a research report on Monday, June 20th. They issued an “outperform” rating and a $12.00 target price on the stock. Finally, FBR & Co cut their target price on shares of American Superconductor Corp. from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 10th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $10.33.
American Superconductor Corp. (NASDAQ:AMSC) traded up 5.75% during mid-day trading on Monday, hitting $7.36. 58,160 shares of the company were exchanged. American Superconductor Corp. has a 12-month low of $3.81 and a 12-month high of $12.50. The company’s market capitalization is $104.42 million. The company’s 50-day moving average is $6.97 and its 200 day moving average is $8.43.
American Superconductor Corp. (NASDAQ:AMSC) last posted its quarterly earnings results on Tuesday, August 9th. The company reported ($0.64) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.92) by $0.28. The business had revenue of $13.30 million for the quarter, compared to analyst estimates of $13.39 million. American Superconductor Corp. had a negative net margin of 28.46% and a negative return on equity of 30.24%. The firm’s revenue for the quarter was down 43.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.72) EPS. Analysts expect that American Superconductor Corp. will post ($2.32) EPS for the current year.
A number of hedge funds have recently modified their holdings of AMSC. BlackRock Fund Advisors raised its stake in shares of American Superconductor Corp. by 905.8% in the second quarter. BlackRock Fund Advisors now owns 304,358 shares of the company’s stock worth $2,569,000 after buying an additional 274,099 shares in the last quarter. State Street Corp bought a new stake in shares of American Superconductor Corp. during the second quarter worth $1,159,000. EAM Investors LLC acquired a new position in shares of American Superconductor Corp. during the second quarter worth approximately $894,000. BlackRock Institutional Trust Company N.A. raised its position in shares of American Superconductor Corp. by 45.2% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 277,078 shares of the company’s stock worth $2,339,000 after buying an additional 86,292 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new position in shares of American Superconductor Corp. during the second quarter worth approximately $435,000. Hedge funds and other institutional investors own 30.28% of the company’s stock.
American Superconductor Corp. Company Profile
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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