American Superconductor (NASDAQ:AMSC) Shares Down 6.3% – Here’s What Happened

by · The Cerbat Gem

American Superconductor Corporation (NASDAQ:AMSC – Get Free Report)’s share price dropped 6.3% during mid-day trading on Tuesday . The stock traded as low as $30.78 and last traded at $31.1250. Approximately 161,890 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 801,395 shares. The stock had previously closed at $33.21.

Analyst Upgrades and Downgrades

AMSC has been the subject of a number of research analyst reports. Oppenheimer restated an “outperform” rating on shares of American Superconductor in a research report on Thursday, November 6th. Wall Street Zen raised American Superconductor from a “hold” rating to a “buy” rating in a research note on Sunday, December 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of American Superconductor in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, American Superconductor presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

View Our Latest Report on AMSC

American Superconductor Trading Down 0.6%

The company has a market cap of $1.38 billion, a price-to-earnings ratio of 82.65 and a beta of 2.96. The business has a 50-day moving average price of $34.51 and a 200 day moving average price of $45.33.

American Superconductor (NASDAQ:AMSC – Get Free Report) last announced its earnings results on Wednesday, November 5th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.05. American Superconductor had a return on equity of 6.48% and a net margin of 5.69%.The company had revenue of $65.86 million for the quarter, compared to analyst estimates of $67.23 million. During the same period in the previous year, the firm earned $0.27 earnings per share. American Superconductor’s revenue for the quarter was up 20.9% compared to the same quarter last year. American Superconductor has set its Q3 2025 guidance at 0.140- EPS. On average, analysts anticipate that American Superconductor Corporation will post 0.41 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of American Superconductor by 20.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,949,801 shares of the technology company’s stock valued at $175,189,000 after acquiring an additional 502,754 shares in the last quarter. Atreides Management LP lifted its holdings in shares of American Superconductor by 34.0% in the second quarter. Atreides Management LP now owns 1,104,458 shares of the technology company’s stock valued at $40,523,000 after purchasing an additional 280,418 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of American Superconductor by 6.6% in the second quarter. Geode Capital Management LLC now owns 940,111 shares of the technology company’s stock worth $34,497,000 after buying an additional 58,430 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of American Superconductor by 221.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 760,457 shares of the technology company’s stock valued at $45,164,000 after buying an additional 524,061 shares in the last quarter. Finally, Telemark Asset Management LLC raised its position in American Superconductor by 15.0% during the second quarter. Telemark Asset Management LLC now owns 690,000 shares of the technology company’s stock valued at $25,316,000 after buying an additional 90,000 shares during the period. 52.28% of the stock is currently owned by institutional investors and hedge funds.

About American Superconductor

(Get Free Report)

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.

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