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. “
A number of other research firms have also recently commented on AMSC. BidaskClub cut shares of American Superconductor from a hold rating to a sell rating in a research report on Monday, April 22nd. ValuEngine cut shares of American Superconductor from a buy rating to a hold rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. American Superconductor presently has a consensus rating of Hold and a consensus target price of $14.20.
American Superconductor (NASDAQ:AMSC) last issued its 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 negative return on equity of 22.58% and a net margin of 47.61%. The firm had revenue of $14.59 million for the quarter, compared to analyst estimates of $14.85 million. During the same quarter in the previous year, the firm posted ($0.25) earnings per share. Analysts anticipate that American Superconductor will post -1.06 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in the business. GMT Capital Corp bought a new position in American Superconductor during the first quarter worth $6,671,000. Marshall Wace LLP bought a new stake in shares of American Superconductor in the first quarter valued at about $2,961,000. Acadian Asset Management LLC bought a new stake in shares of American Superconductor in the first quarter valued at about $1,467,000. Bank of New York Mellon Corp boosted its position in shares of American Superconductor by 268.5% in the fourth quarter. Bank of New York Mellon Corp now owns 112,802 shares of the technology company’s stock valued at $1,257,000 after acquiring an additional 82,192 shares during the period. Finally, Laurion Capital Management LP boosted its position in shares of American Superconductor by 480.6% in the first quarter. Laurion Capital Management LP now owns 73,516 shares of the technology company’s stock valued at $945,000 after acquiring an additional 60,853 shares during the period. 42.56% 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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