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. “
AMSC has been the topic of several other reports. BidaskClub downgraded shares of American Superconductor from a hold rating to a sell rating in a research report on Monday, April 22nd. ValuEngine downgraded shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $14.20.
American Superconductor (NASDAQ:AMSC) last issued its quarterly earnings data on Wednesday, June 5th. The technology company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 business had revenue of $14.59 million for the quarter, compared to analysts’ expectations of $14.85 million. During the same period in the previous year, the business posted ($0.25) earnings per share. As a group, equities analysts anticipate that American Superconductor will post -1.06 earnings per share for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in AMSC. GMT Capital Corp acquired a new stake in shares of American Superconductor in the 1st quarter worth $6,671,000. Marshall Wace LLP acquired a new stake in shares of American Superconductor in the 1st quarter worth $2,961,000. D. E. Shaw & Co. Inc. lifted its stake in shares of American Superconductor by 231.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 261,852 shares of the technology company’s stock worth $2,919,000 after acquiring an additional 182,795 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of American Superconductor in the 1st quarter worth $1,467,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of American Superconductor by 268.5% in the 4th quarter. Bank of New York Mellon Corp now owns 112,802 shares of the technology company’s stock worth $1,257,000 after acquiring an additional 82,192 shares during the period. Institutional investors own 42.57% 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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