ValuEngine upgraded shares of American Superconductor (NASDAQ:AMSC) from a hold rating to a buy rating in a research note released on Friday morning.

Other equities research analysts have also recently issued reports about the stock. Craig Hallum started coverage on shares of American Superconductor in a report on Thursday, September 13th. They set a buy rating and a $11.00 price target for the company. B. Riley upped their price target on shares of American Superconductor from $6.00 to $7.00 and gave the company a hold rating in a report on Monday, June 11th. Finally, Zacks Investment Research upgraded shares of American Superconductor from a sell rating to a hold rating in a report on Tuesday, June 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $7.75.

AMSC stock opened at $6.33 on Friday. American Superconductor has a 52-week low of $3.06 and a 52-week high of $8.03. The stock has a market cap of $139.68 million, a price-to-earnings ratio of -3.44 and a beta of 1.19.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings results on Tuesday, July 31st. The technology company reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.15. American Superconductor had a negative net margin of 42.74% and a negative return on equity of 41.86%. The company had revenue of $12.61 million during the quarter, compared to analysts’ expectations of $11.97 million. equities research analysts predict that American Superconductor will post -1.03 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in AMSC. Scopia Capital Management LP acquired a new position in shares of American Superconductor during the first quarter valued at about $114,000. Millennium Management LLC raised its position in shares of American Superconductor by 147.7% during the first quarter. Millennium Management LLC now owns 278,039 shares of the technology company’s stock valued at $1,618,000 after buying an additional 165,813 shares during the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of American Superconductor during the second quarter valued at about $186,000. Finally, GMT Capital Corp acquired a new position in shares of American Superconductor during the second quarter valued at about $218,000. 21.75% of the stock is owned by institutional investors and hedge funds.

American Superconductor Company Profile

American Superconductor Corporation provides megawatt-scale solutions worldwide. The company operates in two segments, Wind and Grid. The Wind segment designs wind turbine systems and licenses these designs to third parties under the Windtec Solutions brand. It supplies power electronics and software-based control systems, and provides customer support services to wind turbine manufacturers.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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