American Superconductor Corporation (NASDAQ:AMSC - Get Free Report) CFO John Kosiba, Jr. sold 6,769 shares of the company's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $37.46, for a total value of $253,566.74. Following the completion of the transaction, the chief financial officer directly owned 334,377 shares in the company, valued at approximately $12,525,762.42. The trade was a 1.98% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
American Superconductor Price Performance
Shares of AMSC stock opened at $39.51 on Friday. American Superconductor Corporation has a fifty-two week low of $24.87 and a fifty-two week high of $70.49. The stock's 50-day moving average is $45.80 and its two-hundred day moving average is $36.49. The firm has a market cap of $1.88 billion, a P/E ratio of 13.17 and a beta of 3.20.
American Superconductor (NASDAQ:AMSC - Get Free Report) last issued its earnings results on Wednesday, May 27th. The technology company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.11. American Superconductor had a return on equity of 32.19% and a net margin of 44.73%.The company had revenue of $86.41 million for the quarter, compared to analyst estimates of $82.10 million. During the same period in the prior year, the firm posted $0.12 EPS. The business's revenue was up 29.6% compared to the same quarter last year. American Superconductor has set its Q1 2026 guidance at 0.170- EPS. As a group, research analysts expect that American Superconductor Corporation will post 0.66 EPS for the current year.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on AMSC. Zacks Research lowered American Superconductor from a "strong-buy" rating to a "hold" rating in a research report on Thursday, March 5th. Weiss Ratings raised American Superconductor from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, American Superconductor currently has a consensus rating of "Hold".
Get Our Latest Stock Analysis on AMSC
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in AMSC. Lodestone Wealth Management LLC acquired a new position in shares of American Superconductor during the 4th quarter valued at about $30,000. Rockefeller Capital Management L.P. increased its holdings in shares of American Superconductor by 45.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,563 shares of the technology company's stock valued at $45,000 after acquiring an additional 492 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of American Superconductor during the 4th quarter valued at about $60,000. Optiver Holding B.V. acquired a new position in shares of American Superconductor during the 1st quarter valued at about $64,000. Finally, Canada Pension Plan Investment Board increased its holdings in shares of American Superconductor by 100.0% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,000 shares of the technology company's stock valued at $73,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 52.28% of the company's stock.
American Superconductor Company Profile
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
