Essex Investment Management Co. LLC Has $14.59 Million Stake in American Superconductor Corporation $AMSC

Essex Investment Management Co. LLC lowered its stake in American Superconductor Corporation (NASDAQ:AMSC) by 29.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 245,581 shares of the technology company’s stock after selling 100,461 shares during the quarter. American Superconductor comprises 2.2% of Essex Investment Management Co. LLC’s portfolio, making the stock its 3rd biggest holding. Essex Investment Management Co. LLC’s holdings in American Superconductor were worth $14,585,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in shares of American Superconductor by 27.5% in the first quarter. Royal Bank of Canada now owns 26,190 shares of the technology company’s stock worth $475,000 after purchasing an additional 5,647 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in American Superconductor by 13.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,295 shares of the technology company’s stock worth $459,000 after buying an additional 2,989 shares during the period. Millennium Management LLC increased its stake in American Superconductor by 878.5% in the 1st quarter. Millennium Management LLC now owns 225,682 shares of the technology company’s stock worth $4,094,000 after buying an additional 202,617 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in American Superconductor by 54.6% during the first quarter. Goldman Sachs Group Inc. now owns 481,961 shares of the technology company’s stock valued at $8,743,000 after acquiring an additional 170,243 shares during the period. Finally, Truist Financial Corp lifted its position in shares of American Superconductor by 117.6% in the second quarter. Truist Financial Corp now owns 22,270 shares of the technology company’s stock valued at $817,000 after acquiring an additional 12,035 shares in the last quarter. Hedge funds and other institutional investors own 52.28% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on AMSC. Zacks Research raised American Superconductor from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 4th. Oppenheimer reiterated an “outperform” rating on shares of American Superconductor in a research report on Thursday, November 6th. Wall Street Zen lowered shares of American Superconductor from a “buy” rating to a “hold” rating in a research report on Saturday, January 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of American Superconductor in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

American Superconductor Trading Up 2.2%

AMSC stock opened at $28.79 on Tuesday. The firm has a fifty day moving average price of $30.98 and a 200 day moving average price of $44.02. American Superconductor Corporation has a fifty-two week low of $13.98 and a fifty-two week high of $70.49. The firm has a market cap of $1.37 billion, a PE ratio of 9.83 and a beta of 2.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.80 and a current ratio of 2.66.

American Superconductor (NASDAQ:AMSC) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $2.75 EPS for the quarter, beating the consensus estimate of $0.15 by $2.60. American Superconductor had a net margin of 46.70% and a return on equity of 37.97%. The business had revenue of $74.53 million during the quarter, compared to analyst estimates of $69.03 million. During the same quarter last year, the business earned $0.16 earnings per share. American Superconductor’s quarterly revenue was up 21.4% compared to the same quarter last year. American Superconductor has set its Q4 2025 guidance at 0.170- EPS. Sell-side analysts anticipate that American Superconductor Corporation will post 0.41 earnings per share for the current fiscal year.

American Superconductor Company Profile

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.