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

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

American Superconductor Trading Up 7.4%

Shares of AMSC traded up $2.73 on Thursday, reaching $39.51. 1,834,064 shares of the company’s stock were exchanged, compared to its average volume of 1,216,097. The stock has a market capitalization of $1.88 billion, a P/E ratio of 13.17 and a beta of 3.20. The business has a 50 day moving average price of $45.69 and a two-hundred day moving average price of $36.42. American Superconductor Corporation has a 12 month low of $24.87 and a 12 month high of $70.49.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Lodestone Wealth Management LLC acquired a new position in American Superconductor during the fourth quarter valued at approximately $30,000. Rockefeller Capital Management L.P. boosted its holdings in shares of American Superconductor by 45.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,563 shares of the technology company’s stock valued at $45,000 after buying an additional 492 shares during the period. Optiver Holding B.V. acquired a new position in shares of American Superconductor in the first quarter valued at approximately $64,000. Canada Pension Plan Investment Board boosted its holdings in shares of American Superconductor by 100.0% in the second quarter. Canada Pension Plan Investment Board now owns 2,000 shares of the technology company’s stock valued at $73,000 after buying an additional 1,000 shares during the period. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of American Superconductor in the fourth quarter valued at approximately $60,000. Institutional investors and hedge funds own 52.28% of the company’s stock.

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.