BidaskClub Lowers American Superconductor (AMSC) to Buy

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American Superconductor (NASDAQ:AMSC) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Saturday.

AMSC has been the topic of a number of other research reports. Zacks Investment Research cut American Superconductor from a “buy” rating to a “hold” rating in a report on Friday, January 18th. B. Riley increased their price objective on American Superconductor to $11.00 and gave the stock a “neutral” rating in a report on Friday, January 25th. Finally, Oppenheimer increased their price objective on American Superconductor from $10.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, February 7th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $14.20.

Shares of NASDAQ AMSC opened at $14.15 on Friday. American Superconductor has a one year low of $4.84 and a one year high of $16.44. The firm has a market cap of $320.96 million, a PE ratio of -7.69 and a beta of 1.15.

American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings results on Tuesday, February 5th. The technology company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.18. American Superconductor had a negative return on equity of 25.54% and a net margin of 52.83%. The firm had revenue of $14.13 million for the quarter, compared to analysts’ expectations of $15.13 million. As a group, sell-side analysts forecast that American Superconductor will post -0.8 earnings per share for the current fiscal year.

In related news, CFO John W. Kosiba, Jr. sold 12,374 shares of the stock in a transaction dated Friday, December 28th. The stock was sold at an average price of $10.31, for a total transaction of $127,575.94. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 3.50% of the company’s stock.

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

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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