American Superconductor (NASDAQ:AMSC) CEO Daniel Mcgahn Sells 16,117 Shares of Stock

American Superconductor Corporation (NASDAQ:AMSC) CEO Daniel Mcgahn sold 16,117 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $37.45, for a total value of $603,581.65. Following the transaction, the chief executive officer owned 1,131,929 shares of the company’s stock, valued at $42,390,741.05. The trade was a 1.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

American Superconductor Stock Performance

NASDAQ AMSC opened at $39.51 on Friday. American Superconductor Corporation has a one year low of $24.87 and a one year high of $70.49. The stock has a 50-day moving average of $45.80 and a 200 day moving average of $36.49. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 13.17 and a beta of 3.20.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings data on Wednesday, May 27th. The technology company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.19 by $0.11. American Superconductor had a return on equity of 32.19% and a net margin of 44.73%.The company had revenue of $86.41 million during the quarter, compared to the consensus estimate of $82.10 million. During the same period last year, the company earned $0.12 EPS. American Superconductor’s revenue for the quarter was up 29.6% on a year-over-year basis. American Superconductor has set its Q1 2026 guidance at 0.170- EPS. On average, equities analysts predict that American Superconductor Corporation will post 0.66 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on AMSC shares. Weiss Ratings raised shares of American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Zacks Research downgraded shares of American Superconductor from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, American Superconductor presently has an average rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Optiver Holding B.V. bought a new position in shares of American Superconductor during the 1st quarter valued at approximately $64,000. Bank of America Corp DE grew its stake in shares of American Superconductor by 26.5% during the 1st quarter. Bank of America Corp DE now owns 209,451 shares of the technology company’s stock valued at $7,090,000 after acquiring an additional 43,883 shares during the period. Amundi grew its stake in shares of American Superconductor by 25.6% during the 1st quarter. Amundi now owns 58,169 shares of the technology company’s stock valued at $1,969,000 after acquiring an additional 11,853 shares during the period. California State Teachers Retirement System grew its stake in shares of American Superconductor by 12.0% during the 1st quarter. California State Teachers Retirement System now owns 57,016 shares of the technology company’s stock valued at $1,930,000 after acquiring an additional 6,105 shares during the period. Finally, ROI Financial Advisors LLC grew its stake in shares of American Superconductor by 5.9% during the 1st quarter. ROI Financial Advisors LLC now owns 10,731 shares of the technology company’s stock valued at $363,000 after acquiring an additional 598 shares during the period. 52.28% of the stock is currently owned by institutional investors.

About American Superconductor

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.