BidaskClub cut shares of American Superconductor (NASDAQ:AMSC) from a strong-buy rating to a buy rating in a report published on Saturday morning.

Several other analysts have also commented on AMSC. Zacks Investment Research raised shares of American Superconductor from a hold rating to a buy rating and set a $13.00 price target for the company in a research report on Wednesday, January 16th. B. Riley increased their price target on shares of American Superconductor to $11.00 and gave the company a neutral rating in a research report on Friday, January 25th. Finally, Oppenheimer increased their price target on shares of American Superconductor from $10.00 to $16.00 and gave the company an outperform rating in a research report on Thursday, February 7th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $14.20.

AMSC stock opened at $14.15 on Friday. The stock has a market cap of $303.07 million, a price-to-earnings ratio of -7.69 and a beta of 1.15. American Superconductor has a one year low of $4.84 and a one year high of $16.44.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings results on Tuesday, February 5th. The technology company reported ($0.11) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.29) by $0.18. The business had revenue of $14.13 million during the quarter, compared to analyst estimates of $15.13 million. American Superconductor had a net margin of 52.83% and a negative return on equity of 25.54%. As a group, equities research analysts predict that American Superconductor will post -0.8 EPS for the current year.

In other American Superconductor news, CFO John W. Kosiba, Jr. sold 12,374 shares of the stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $10.31, for a total transaction of $127,575.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in AMSC. Bruderman Asset Management LLC purchased a new position in shares of American Superconductor in the 4th quarter valued at approximately $25,000. Raymond James & Associates raised its position in shares of American Superconductor by 28.7% in the 4th quarter. Raymond James & Associates now owns 19,333 shares of the technology company’s stock valued at $216,000 after purchasing an additional 4,311 shares during the last quarter. Cookson Peirce & Co. Inc. purchased a new position in shares of American Superconductor in the 4th quarter valued at approximately $378,000. Worth Venture Partners LLC purchased a new position in shares of American Superconductor in the 3rd quarter valued at approximately $660,000. Finally, First Trust Advisors LP raised its position in shares of American Superconductor by 18.6% in the 3rd quarter. First Trust Advisors LP now owns 110,716 shares of the technology company’s stock valued at $769,000 after purchasing an additional 17,344 shares during the last quarter. 29.22% of the stock is owned by hedge funds and other institutional investors.

American Superconductor Company Profile

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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