American Superconductor (NASDAQ:AMSC) had its target price hoisted by research analysts at Roth Capital from $10.00 to $15.00 in a research report issued on Monday, The Fly reports. The firm presently has a “buy” rating on the technology company’s stock. Roth Capital’s price target would suggest a potential upside of 54.32% from the company’s current price.

Several other equities analysts have also commented on the stock. Craig Hallum started coverage on shares of American Superconductor in a report on Thursday, September 13th. They set a “buy” rating and a $11.00 target price on the stock. ValuEngine raised shares of American Superconductor from a “hold” rating to a “buy” rating in a report on Tuesday, October 2nd. Finally, Zacks Investment Research raised shares of American Superconductor from a “sell” rating to a “hold” rating and set a $7.00 target price on the stock in a report on Wednesday, August 8th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. American Superconductor has an average rating of “Buy” and an average target price of $11.00.

AMSC stock opened at $9.72 on Monday. American Superconductor has a 52 week low of $3.06 and a 52 week high of $9.70. The firm has a market cap of $195.91 million, a P/E ratio of -5.28 and a beta of 1.33.

American Superconductor (NASDAQ:AMSC) last released its earnings results on Tuesday, November 6th. The technology company reported ($0.13) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.11. American Superconductor had a net margin of 13.55% and a negative return on equity of 30.78%. The company had revenue of $14.88 million for the quarter, compared to analyst estimates of $13.90 million. On average, research analysts forecast that American Superconductor will post -0.93 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in AMSC. Royce & Associates LP grew its holdings in American Superconductor by 30.4% in the 3rd quarter. Royce & Associates LP now owns 455,500 shares of the technology company’s stock worth $3,166,000 after acquiring an additional 106,200 shares during the last quarter. AWM Investment Company Inc. grew its holdings in American Superconductor by 19.4% in the 3rd quarter. AWM Investment Company Inc. now owns 1,496,068 shares of the technology company’s stock worth $10,398,000 after acquiring an additional 243,154 shares during the last quarter. First Trust Advisors LP grew its holdings in American Superconductor by 18.6% in the 3rd quarter. First Trust Advisors LP now owns 110,716 shares of the technology company’s stock worth $769,000 after acquiring an additional 17,344 shares during the last quarter. GMT Capital Corp bought a new stake in American Superconductor in the 2nd quarter worth $218,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in American Superconductor in the 2nd quarter worth $186,000. 21.72% of the stock is currently owned by institutional investors.

About American Superconductor

American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. 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, and provides customer support services to wind turbine manufacturers.

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