American Superconductor Co. (NASDAQ:AMSC) has been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $6.82.
A number of equities research analysts have recently issued reports on the stock. FBR & Co reissued a “hold” rating and issued a $6.00 price target on shares of American Superconductor in a research note on Wednesday, September 27th. Zacks Investment Research raised shares of American Superconductor from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research note on Tuesday, October 10th.
Several institutional investors have recently added to or reduced their stakes in AMSC. GMT Capital Corp purchased a new stake in American Superconductor during the 3rd quarter worth approximately $141,000. Dimensional Fund Advisors LP increased its stake in American Superconductor by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 37,496 shares of the technology company’s stock worth $173,000 after buying an additional 2,600 shares during the period. Wedbush Securities Inc. purchased a new stake in American Superconductor during the 3rd quarter worth approximately $210,000. Manatuck Hill Partners LLC purchased a new stake in American Superconductor during the 2nd quarter worth approximately $1,617,000. Finally, Royce & Associates LP increased its stake in American Superconductor by 114.3% during the 2nd quarter. Royce & Associates LP now owns 369,300 shares of the technology company’s stock worth $1,706,000 after buying an additional 197,000 shares during the period. 28.51% of the stock is currently owned by institutional investors and hedge funds.
American Superconductor (NASDAQ:AMSC) last posted its earnings results on Tuesday, November 7th. The technology company reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.25. The company had revenue of $11.05 million for the quarter, compared to analyst estimates of $10.93 million. American Superconductor had a negative net margin of 50.90% and a negative return on equity of 58.10%. American Superconductor’s revenue was down 40.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.60) EPS. research analysts expect that American Superconductor will post -2.08 EPS for the current year.
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About American Superconductor
American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.
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