91,102 Shares in American Superconductor Corporation $AMSC Acquired by Meridian Wealth Management LLC

Meridian Wealth Management LLC bought a new position in shares of American Superconductor Corporation (NASDAQ:AMSC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 91,102 shares of the technology company’s stock, valued at approximately $5,411,000.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of American Superconductor by 104.7% during the second quarter. GAMMA Investing LLC now owns 954 shares of the technology company’s stock worth $35,000 after acquiring an additional 488 shares during the period. Virtus Advisers LLC bought a new position in American Superconductor during the 2nd quarter worth about $69,000. Canada Pension Plan Investment Board raised its stake in shares of American Superconductor by 100.0% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,000 shares of the technology company’s stock valued at $73,000 after purchasing an additional 1,000 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of American Superconductor in the third quarter valued at about $124,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in shares of American Superconductor during the second quarter worth about $96,000. Institutional investors own 52.28% of the company’s stock.

American Superconductor Price Performance

Shares of AMSC stock opened at $29.92 on Friday. The company has a fifty day moving average price of $31.25 and a two-hundred day moving average price of $44.58. American Superconductor Corporation has a one year low of $13.98 and a one year high of $70.49. The stock has a market cap of $1.35 billion, a P/E ratio of 80.86 and a beta of 2.96.

American Superconductor (NASDAQ:AMSC) last issued its earnings results on Wednesday, November 5th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.05. American Superconductor had a net margin of 5.69% and a return on equity of 6.48%. The company had revenue of $65.86 million for the quarter, compared to analysts’ expectations of $67.23 million. During the same period in the prior year, the firm earned $0.27 EPS. American Superconductor’s quarterly revenue was up 20.9% compared to the same quarter last year. American Superconductor has set its Q3 2025 guidance at 0.140- EPS. As a group, equities research analysts anticipate that American Superconductor Corporation will post 0.41 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on AMSC. Oppenheimer reaffirmed an “outperform” rating on shares of American Superconductor in a research report on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of American Superconductor in a research report on Monday, December 29th. Finally, Wall Street Zen downgraded shares of American Superconductor from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, American Superconductor has a consensus rating of “Moderate Buy” and an average price target of $39.00.

About American Superconductor

American Superconductor Corporation (NASDAQ:AMSC) is a technology company specializing in power electronics and high-temperature superconductor systems. Founded in 1987 and headquartered in Devens, Massachusetts, AMSC develops hardware and software solutions aimed at improving the efficiency, reliability and stability of electric power systems and renewable energy infrastructure. The company’s engineering expertise spans from the lab scale to full commercial deployment, with a focus on tackling grid integration challenges for utilities and independent power producers.

AMSC’s portfolio includes superconducting wire and cryogenic systems, power grid stabilization devices, and turnkey wind turbine electronics.