Globeflex Capital L P acquired a new position in shares of American Superconductor Corporation (NASDAQ:AMSC – Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 21,633 shares of the technology company’s stock, valued at approximately $623,000.
A number of other hedge funds have also modified their holdings of the company. Arizona State Retirement System grew its holdings in shares of American Superconductor by 3.6% during the third quarter. Arizona State Retirement System now owns 12,883 shares of the technology company’s stock worth $765,000 after buying an additional 442 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of American Superconductor by 13.6% during the third quarter. PNC Financial Services Group Inc. now owns 4,542 shares of the technology company’s stock worth $270,000 after buying an additional 542 shares in the last quarter. D.A. Davidson & CO. grew its holdings in shares of American Superconductor by 11.6% during the fourth quarter. D.A. Davidson & CO. now owns 7,008 shares of the technology company’s stock worth $202,000 after buying an additional 731 shares in the last quarter. Mariner LLC grew its holdings in shares of American Superconductor by 7.6% during the third quarter. Mariner LLC now owns 13,227 shares of the technology company’s stock worth $786,000 after buying an additional 932 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of American Superconductor by 100.0% during the second quarter. Canada Pension Plan Investment Board now owns 2,000 shares of the technology company’s stock worth $73,000 after buying an additional 1,000 shares in the last quarter. 52.28% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms have weighed in on AMSC. Weiss Ratings upgraded American Superconductor from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Zacks Research downgraded American Superconductor from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.
American Superconductor Stock Down 0.6%
AMSC stock opened at $46.40 on Friday. The business has a 50 day moving average price of $45.06 and a two-hundred day moving average price of $36.15. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 15.47 and a beta of 3.20. American Superconductor Corporation has a twelve month low of $24.87 and a twelve month high of $70.49.
American Superconductor (NASDAQ:AMSC – Get Free Report) last posted its quarterly earnings results on Wednesday, May 27th. The technology company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.11. The firm had revenue of $86.41 million during the quarter, compared to the consensus estimate of $82.10 million. American Superconductor had a return on equity of 32.19% and a net margin of 44.73%.The business’s revenue was up 29.6% compared to the same quarter last year. During the same period last year, the company earned $0.12 earnings per share. American Superconductor has set its Q1 2026 guidance at 0.170- EPS. On average, equities research analysts anticipate that American Superconductor Corporation will post 0.69 EPS for the current fiscal year.
American Superconductor Profile
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.
See Also
- Five stocks we like better than American Superconductor
- The Great AI Server Rotation Puts Hewlett Packard Enterprise and Super Micro Computer in Focus
- Generac’s AI Power Pivot Raises a Bigger Question About Data Center Demand
- Medtronic Bottoms, Healthy Rebound Ahead
- GitLab’s Price Recovery Gains Traction—Time to Get On Board?
Want to see what other hedge funds are holding AMSC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Superconductor Corporation (NASDAQ:AMSC – Free Report).
Receive News & Ratings for American Superconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Superconductor and related companies with MarketBeat.com's FREE daily email newsletter.
