Research analysts at Roth Capital began coverage on shares of American Superconductor Corp. (NASDAQ:AMSC) in a research note issued on Monday. The firm set a “buy” rating and a $10.00 price target on the stock. Roth Capital’s price objective would suggest a potential upside of 40.06% from the stock’s current price.
Several other brokerages have also issued reports on AMSC. Oppenheimer Holdings Inc. initiated coverage on shares of American Superconductor Corp. in a research report on Monday, June 20th. They set an “outperform” rating and a $12.00 target price for the company. Zacks Investment Research lowered shares of American Superconductor Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, FBR & Co cut their target price on shares of American Superconductor Corp. from $14.00 to $11.00 and set an “outperform” rating for the company in a research report on Wednesday, August 10th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $10.33.
American Superconductor Corp. (NASDAQ:AMSC) opened at 7.14 on Monday. The stock’s 50 day moving average is $6.99 and its 200-day moving average is $8.44. American Superconductor Corp. has a 52-week low of $3.81 and a 52-week high of $12.50. The company’s market capitalization is $101.30 million.
American Superconductor Corp. (NASDAQ:AMSC) last announced its quarterly earnings results on Tuesday, August 9th. The company reported ($0.64) EPS for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.28. American Superconductor Corp. had a negative net margin of 28.46% and a negative return on equity of 30.24%. The firm earned $13.30 million during the quarter, compared to analyst estimates of $13.39 million. During the same period in the previous year, the business posted ($0.72) earnings per share. The business’s revenue for the quarter was down 43.9% on a year-over-year basis. Analysts predict that American Superconductor Corp. will post ($2.32) EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of AMSC. A.R.T. Advisors LLC purchased a new position in American Superconductor Corp. during the second quarter worth $104,000. TFS Capital LLC purchased a new position in American Superconductor Corp. during the second quarter worth $105,000. Teachers Advisors Inc. purchased a new position in American Superconductor Corp. during the second quarter worth $162,000. Scopia Capital Management LP purchased a new position in American Superconductor Corp. during the first quarter worth $149,000. Finally, Schwab Charles Investment Management Inc. purchased a new position in American Superconductor Corp. during the second quarter worth $167,000. Institutional investors and hedge funds own 30.28% of the company’s stock.
American Superconductor Corp. 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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