Zacks Investment Research upgraded shares of American Superconductor Corporation (NASDAQ:AMSC) from a sell rating to a hold rating in a research report released on Wednesday.

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. “

Several other equities research analysts have also recently issued reports on the company. FBR & Co reissued a hold rating and set a $6.00 target price on shares of American Superconductor Corporation in a research note on Wednesday. Cowen and Company reissued a buy rating and set a $6.00 target price (down previously from $7.50) on shares of American Superconductor Corporation in a research note on Wednesday, August 9th. ValuEngine cut American Superconductor Corporation from a sell rating to a strong sell rating in a research note on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. reissued an outperform rating and set a $7.50 target price (down previously from $10.00) on shares of American Superconductor Corporation in a research note on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. American Superconductor Corporation currently has a consensus rating of Buy and an average price target of $7.43.

American Superconductor Corporation (NASDAQ:AMSC) opened at 4.54 on Wednesday. The company’s market cap is $87.14 million. The firm has a 50-day moving average price of $3.69 and a 200 day moving average price of $4.76. American Superconductor Corporation has a 12 month low of $2.89 and a 12 month high of $8.55.

American Superconductor Corporation (NASDAQ:AMSC) last posted its earnings results on Tuesday, August 8th. The technology company reported ($0.97) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.06) by $0.09. The company had revenue of $8.92 million during the quarter, compared to analysts’ expectations of $8.46 million. American Superconductor Corporation had a negative return on equity of 54.39% and a negative net margin of 45.60%. The firm’s quarterly revenue was down 33.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.64) earnings per share. Equities research analysts predict that American Superconductor Corporation will post ($2.24) EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Ardsley Advisory Partners grew its stake in shares of American Superconductor Corporation by 413.3% in the second quarter. Ardsley Advisory Partners now owns 1,390,000 shares of the technology company’s stock valued at $6,436,000 after buying an additional 1,119,200 shares in the last quarter. AWM Investment Company Inc. grew its stake in shares of American Superconductor Corporation by 22.7% in the second quarter. AWM Investment Company Inc. now owns 1,519,124 shares of the technology company’s stock valued at $7,018,000 after buying an additional 280,879 shares in the last quarter. Manatuck Hill Partners LLC acquired a new stake in shares of American Superconductor Corporation in the second quarter valued at $1,617,000. Dimensional Fund Advisors LP grew its stake in shares of American Superconductor Corporation by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 37,496 shares of the technology company’s stock valued at $173,000 after buying an additional 2,600 shares in the last quarter. Finally, Royce & Associates LP grew its stake in shares of American Superconductor Corporation by 114.3% in the second quarter. Royce & Associates LP now owns 369,300 shares of the technology company’s stock valued at $1,706,000 after buying an additional 197,000 shares in the last quarter. 35.19% of the stock is owned by institutional investors and hedge funds.

American Superconductor Corporation Company Profile

American Superconductor Corporation (AMSC) is a provider of megawatt-scale solutions. The Company operates through two segments: Wind and Grid. Through the Company’s Windtec Solutions brand, the Wind business segment enables manufacturers to field wind turbines. Through the Company’s Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power.

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Analyst Recommendations for American Superconductor Corporation (NASDAQ:AMSC)

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