American Superconductor (NASDAQ:AMSC) Announces Earnings Results

American Superconductor (NASDAQ:AMSC) issued its quarterly earnings data on Wednesday. The technology company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01), FiscalAI reports. The firm had revenue of $94.04 million during the quarter, compared to analyst estimates of $87.32 million. American Superconductor had a net margin of 42.56% and a return on equity of 27.41%. The firm’s revenue was up 42.8% compared to the same quarter last year. During the same period last year, the business earned $0.20 EPS.

American Superconductor Price Performance

NASDAQ:AMSC traded down $1.42 during mid-day trading on Wednesday, reaching $26.26. The stock had a trading volume of 890,460 shares, compared to its average volume of 792,187. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 9.08 and a beta of 3.32. American Superconductor has a 1-year low of $24.08 and a 1-year high of $60.65. The stock’s 50 day simple moving average is $28.57 and its two-hundred day simple moving average is $35.08.

Analyst Upgrades and Downgrades

AMSC has been the subject of a number of recent analyst reports. Roth Capital reissued a “buy” rating and set a $55.00 price target (down from $58.00) on shares of American Superconductor in a research report on Monday, August 10th. Weiss Ratings lowered shares of American Superconductor from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, October 29th. Freedom Capital raised shares of American Superconductor to a “strong-buy” rating in a report on Tuesday, July 21st. Finally, Wall Street Zen raised shares of American Superconductor from a “sell” rating to a “hold” rating in a report on Sunday, August 30th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.00.

American Superconductor Company Profile

American Superconductor Corporation (NASDAQ:AMSC) develops power-resiliency solutions that help electric utilities, industrial companies, renewable-energy developers and defense organizations improve the reliability, efficiency and performance of electrical systems. The company combines power electronics, software and engineering services to address challenges involving grid stability, power quality and renewable-energy integration.

AMSC’s Gridtec business offers solutions such as voltage-regulation and power-quality systems, grid interconnection technologies, and resilient-grid products designed to support electric transmission and distribution networks.