According to Zacks, “American Superconductor Corporation is a leading energy technologies company. The company develops and sells a wide range of products and solutions based on power electronic systems and high temperature superconductor wires that dramatically improve the efficiency, reliability and quality of electricity during its generation, transmission, distribution and use. The company is a dominant force in alternative energy, offering grid interconnection solutions as well as licensed wind energy designs and electrical systems. As the world’s principal supplier of HTS wire, AMSC is enabling a new generation of compact, high-power electrical products, including power cables, grid-level surge protectors, motors, generators, and advanced transportation and defense systems. AMSC also provides utility and industrial customers worldwide with voltage regulation systems that dramatically enhance power grid capacity, reliability and security, as well as industrial productivity. “
AMSC has been the subject of a number of other research reports. ValuEngine lowered American Superconductor from a “buy” rating to a “hold” rating in a research report on Friday, June 7th. BidaskClub lowered American Superconductor from a “hold” rating to a “sell” rating in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $14.20.
American Superconductor (NASDAQ:AMSC) last released its quarterly earnings results on Wednesday, June 5th. The technology company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.21) by ($0.02). American Superconductor had a net margin of 47.61% and a negative return on equity of 22.58%. The company had revenue of $14.59 million during the quarter, compared to analyst estimates of $14.85 million. During the same quarter last year, the business earned ($0.25) EPS. Sell-side analysts expect that American Superconductor will post -1.06 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Royce & Associates LP lifted its stake in American Superconductor by 25.5% in the 4th quarter. Royce & Associates LP now owns 571,874 shares of the technology company’s stock worth $6,376,000 after acquiring an additional 116,374 shares in the last quarter. Marshall Wace LLP purchased a new stake in American Superconductor in the 1st quarter worth about $2,961,000. Bank of New York Mellon Corp lifted its stake in American Superconductor by 268.5% in the 4th quarter. Bank of New York Mellon Corp now owns 112,802 shares of the technology company’s stock worth $1,257,000 after acquiring an additional 82,192 shares in the last quarter. Laurion Capital Management LP lifted its stake in American Superconductor by 480.6% in the 1st quarter. Laurion Capital Management LP now owns 73,516 shares of the technology company’s stock worth $945,000 after acquiring an additional 60,853 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in American Superconductor by 231.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 261,852 shares of the technology company’s stock worth $2,919,000 after acquiring an additional 182,795 shares in the last quarter. 42.81% of the stock is owned by hedge funds and other 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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