American Superconductor (NASDAQ:AMSC) Raised to Strong-Buy at Zacks Research

American Superconductor (NASDAQ:AMSCGet Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

AMSC has been the subject of several other research reports. Wall Street Zen cut American Superconductor from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of American Superconductor in a report on Monday, December 29th. Finally, Oppenheimer restated an “outperform” rating on shares of American Superconductor in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, American Superconductor has an average rating of “Buy” and an average target price of $39.00.

Check Out Our Latest Analysis on AMSC

American Superconductor Stock Performance

NASDAQ:AMSC opened at $25.95 on Wednesday. The stock has a 50-day simple moving average of $31.06 and a two-hundred day simple moving average of $44.19. The firm has a market capitalization of $1.17 billion, a PE ratio of 8.86 and a beta of 2.98. American Superconductor has a 52-week low of $13.98 and a 52-week high of $70.49.

American Superconductor (NASDAQ:AMSCGet Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $2.60. The firm had revenue of $74.53 million for the quarter, compared to analysts’ expectations of $69.03 million. American Superconductor had a return on equity of 46.00% and a net margin of 46.70%.The business’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. American Superconductor has set its Q4 2025 guidance at 0.170- EPS. Equities analysts forecast that American Superconductor will post 0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of American Superconductor by 27.5% in the first quarter. Royal Bank of Canada now owns 26,190 shares of the technology company’s stock valued at $475,000 after acquiring an additional 5,647 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in American Superconductor by 13.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,295 shares of the technology company’s stock valued at $459,000 after purchasing an additional 2,989 shares during the last quarter. Millennium Management LLC raised its position in American Superconductor by 878.5% in the 1st quarter. Millennium Management LLC now owns 225,682 shares of the technology company’s stock worth $4,094,000 after purchasing an additional 202,617 shares during the period. Goldman Sachs Group Inc. lifted its stake in American Superconductor by 54.6% in the first quarter. Goldman Sachs Group Inc. now owns 481,961 shares of the technology company’s stock worth $8,743,000 after purchasing an additional 170,243 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in shares of American Superconductor during the second quarter valued at approximately $1,679,000. 52.28% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting American Superconductor

Here are the key news stories impacting American Superconductor this week:

American Superconductor Company Profile

(Get Free Report)

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.

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