American Superconductor Corporation (NASDAQ:AMSC) saw strong trading volume on Monday . 754,787 shares were traded during mid-day trading, an increase of 419% from the previous session’s volume of 145,570 shares.The stock last traded at $3.28 and had previously closed at $3.24.

A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of American Superconductor from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research note on Tuesday, October 10th. FBR & Co reiterated a “hold” rating and issued a $6.00 target price on shares of American Superconductor in a research note on Wednesday, September 27th. Finally, Cowen reiterated a “buy” rating and issued a $6.00 target price (down from $7.50) on shares of American Superconductor in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $6.82.

American Superconductor (NASDAQ:AMSC) last released its earnings results on Tuesday, November 7th. The technology company reported ($0.44) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.69) by $0.25. The firm had revenue of $11.05 million for the quarter, compared to analysts’ expectations of $10.93 million. American Superconductor had a negative net margin of 50.90% and a negative return on equity of 58.10%. The company’s quarterly revenue was down 40.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.60) earnings per share. sell-side analysts anticipate that American Superconductor Corporation will post -2.08 EPS for the current year.

Several hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of American Superconductor by 84.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 69,175 shares of the technology company’s stock valued at $314,000 after buying an additional 31,679 shares in the last quarter. GMT Capital Corp purchased a new stake in shares of American Superconductor during the 3rd quarter valued at approximately $141,000. Wedbush Securities Inc. purchased a new stake in shares of American Superconductor during the 3rd quarter valued at approximately $210,000. Ardsley Advisory Partners lifted its stake in shares of American Superconductor by 413.3% during the 2nd 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. Finally, AWM Investment Company Inc. lifted its stake in shares of American Superconductor by 22.7% during the 2nd 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. Institutional investors own 28.51% of the company’s stock.

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About American Superconductor

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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