American Superconductor (NASDAQ:AMSC) Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of American Superconductor (NASDAQ:AMSC) from a hold rating to a sell rating in a research report report published on Saturday morning.

Several other equities research analysts have also commented on AMSC. Freedom Capital raised shares of American Superconductor to a “strong-buy” rating in a report on Tuesday, July 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Superconductor in a report on Monday, August 3rd. Finally, Roth Capital reissued a “buy” rating and set a $55.00 target price (down from $58.00) on shares of American Superconductor in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $55.00.

American Superconductor Trading Down 3.6%

NASDAQ AMSC opened at $28.92 on Friday. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 9.54 and a beta of 3.27. The stock has a 50-day moving average of $34.77 and a 200 day moving average of $37.88. American Superconductor has a twelve month low of $24.87 and a twelve month high of $70.49.

American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.04). The business had revenue of $94.07 million during the quarter, compared to analyst estimates of $87.12 million. American Superconductor had a net margin of 42.56% and a return on equity of 27.41%. The firm’s revenue for the quarter was up 30.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.30 earnings per share. American Superconductor has set its Q2 2026 guidance at 0.170- EPS. Equities analysts predict that American Superconductor will post 0.37 EPS for the current fiscal year.

Insider Transactions at American Superconductor

In related news, CFO John W. Kosiba, Jr. sold 6,769 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $37.46, for a total value of $253,566.74. Following the completion of the sale, the chief financial officer owned 334,377 shares of the company’s stock, valued at approximately $12,525,762.42. This represents a 1.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Daniel P. Mcgahn sold 16,117 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $37.45, for a total transaction of $603,581.65. Following the sale, the chief executive officer owned 1,131,929 shares of the company’s stock, valued at approximately $42,390,741.05. The trade was a 1.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 37,391 shares of company stock valued at $1,463,119 in the last three months. 3.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On American Superconductor

Several large investors have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in shares of American Superconductor by 27.5% during the first quarter. Royal Bank of Canada now owns 26,190 shares of the technology company’s stock worth $475,000 after buying an additional 5,647 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of American Superconductor by 13.4% in 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 buying an additional 2,989 shares during the period. Millennium Management LLC lifted its stake in American Superconductor by 878.5% during the 1st quarter. Millennium Management LLC now owns 225,682 shares of the technology company’s stock worth $4,094,000 after acquiring an additional 202,617 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in American Superconductor by 54.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 481,961 shares of the technology company’s stock worth $8,743,000 after acquiring an additional 170,243 shares in the last quarter. Finally, Creative Planning purchased a new position in American Superconductor during the 2nd quarter valued at about $208,000. 52.28% of the stock is currently owned by institutional investors and hedge funds.

American Superconductor Company Profile

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.