American Superconductor Co. (AMSC) Given Average Recommendation of “Buy” by Brokerages

Shares of American Superconductor Co. (NASDAQ:AMSC) have received an average recommendation of “Buy” from the eight ratings firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $14.20.

A number of analysts recently commented on AMSC shares. Zacks Investment Research upgraded American Superconductor from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Wednesday, January 16th. B. Riley lifted their price target on American Superconductor to $11.00 and gave the stock a “neutral” rating in a report on Friday, January 25th. Oppenheimer lifted their price target on American Superconductor from $10.00 to $16.00 and gave the stock an “outperform” rating in a report on Thursday, February 7th. Finally, BidaskClub lowered American Superconductor from a “strong-buy” rating to a “buy” rating in a report on Saturday.

Shares of AMSC stock traded down $0.99 during trading hours on Friday, reaching $14.15. The company had a trading volume of 465,986 shares, compared to its average volume of 368,419. American Superconductor has a 12 month low of $4.84 and a 12 month high of $16.44. The firm has a market capitalization of $303.07 million, a PE ratio of -7.69 and a beta of 1.15.

American Superconductor (NASDAQ:AMSC) last posted its earnings results on Tuesday, February 5th. The technology company reported ($0.11) earnings per share for the quarter, beating the Zacks’ consensus estimate 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 company had revenue of $14.13 million for the quarter, compared to analyst estimates of $15.13 million. On average, research analysts expect that American Superconductor will post -0.8 EPS for the current year.

In other American Superconductor news, CFO John W. Kosiba, Jr. sold 12,374 shares of the firm’s stock in a transaction on Friday, December 28th. The stock was sold at an average price of $10.31, for a total value of $127,575.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in AMSC. Worth Venture Partners LLC purchased a new position in shares of American Superconductor in the third quarter valued at $660,000. Royce & Associates LP grew its position in shares of American Superconductor by 25.5% in the fourth quarter. Royce & Associates LP now owns 571,874 shares of the technology company’s stock valued at $6,376,000 after purchasing an additional 116,374 shares in the last quarter. AWM Investment Company Inc. grew its position in shares of American Superconductor by 19.4% in the third quarter. AWM Investment Company Inc. now owns 1,496,068 shares of the technology company’s stock valued at $10,398,000 after purchasing an additional 243,154 shares in the last quarter. First Trust Advisors LP grew its position in shares of American Superconductor by 18.6% in the third quarter. First Trust Advisors LP now owns 110,716 shares of the technology company’s stock valued at $769,000 after purchasing an additional 17,344 shares in the last quarter. Finally, Manatuck Hill Partners LLC purchased a new position in shares of American Superconductor in the third quarter valued at $932,000. 29.22% of the stock is owned by institutional investors and hedge funds.

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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